News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
  • Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Earnings, Inflation Check out @RichDvorakFX's latest market recap and preview plus all the weekly forecasts from the @DailyFXTeam at the link below! Link to Analysis - $EURUSD $SPX #Trading
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
Guest Commentary: Where are the Next 300 EURUSD Pips?!

Guest Commentary: Where are the Next 300 EURUSD Pips?!

Ed Matts,,

* Is this a reversal or a correction in the Euro? This is a question we need to answer as the Euro approaches the 1.2480 (Equality C=A) target.

* We have now started reducing longs from last week at least for consolidation if not a new downtrend.

* The next drop will be important and arguably the hardest to determine. Flexibility will be Key!

Guest_Commentary_Where_are_the_Next_300_EURUSD_Pips_body_EUR0708.png, Guest Commentary: Where are the Next 300 EURUSD Pips?!

The Euro remains within a corrective recovery from 1.2045.

After the constructive rally to 1.2385 and the irregular correction beyond the 61.8% to the c=1.618a target of 1.2135, the Euro is consolidating the break to new highs and therefore reducing the risk of the typical Sunday night top.

As such we remain long now expecting 1.2345-1.2440 consolidation to break up to an ideal c=a objective of 1.2480 and 61.8% of the decline from 1.2750 likely channel top and Andrews Pitchfork resistance.

Enough clearly to exit longs which we have already started and looking to square and sell the next new high for at least a return to pivotal 1.2290 support but with potential to resume the downtrend.

Failure to sustain this sell off beyond 1.2135 or indeed a rally through 1.2500-20 not only extends the correction to 1.2575 but also 1.2690 the C=1.618A. Our Stops are 1.2520 then.

Further videos or commentaries are available from or @EdMatts on Twitter.

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.