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.

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
More View more
Real Time News
  • The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the #SP500. What does this mean for $AUDUSD and $NZDUSD ahead? #AUD #NZD #RBA #RBNZ - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/17/AUDUSD-NZDUSD-Outlook-Looks-Past-Stocks-to-Rate-Cut-Bets.html?CHID=9&QPID=917702 https://t.co/ddf2fV7Kyl
  • A few snippets from today's commentary. Check out the link below for the full story (via @DailyFX). https://t.co/I31tuq764r https://t.co/x0BaiOFA1P
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/e2YrN3dBrl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.00%, while traders in France 40 are at opposite extremes with 79.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UL7hqSD2Ki
  • US Dollar Forecast: $USD Lacking Impetus Ahead of Consumer Sentiment #Forex traders shift focus away from US-China trade deal headlines - perhaps toward the monthly release of #ConsumerSentiment data for volatility and clues on the Greenback's next move https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/01/16/us-dollar-forecast-usd-lacking-impetus-ahead-of-consumer-sentiment.html
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.11% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.03% 🇨🇭CHF: -0.05% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kxcb9EtIWb
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.45% France 40: 0.26% Wall Street: 0.07% US 500: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/I5YIsKQAog
  • 🇯🇵 JPY Tertiary Industry Index (MoM) (NOV), Actual: 1.3% Expected: 1.0% Previous: -5.2% https://www.dailyfx.com/economic-calendar#2020-01-17
  • The $JPY has weakened as a bounce-back in risk appetite saps haven-asset demand. However, the old uptrend line still provides clear resistance. Get your market update from @DavidCottleFX HERE:https://t.co/IMhgQ9jbF9 https://t.co/I7087olftk
  • Heads Up:🇯🇵 JPY Tertiary Industry Index (MoM) (NOV) due at 04:30 GMT (15min), Actual: N/A Expected: 1.0% Previous: -4.6% https://www.dailyfx.com/economic-calendar#2020-01-17
Scandi Daily 05.13

Scandi Daily 05.13

2010-05-13 04:45:00
Joel Kruger, Technical Strategist
OVERVIEW – The economic calendar in the region is empty for the remainder of the week and the regional currencies will be looking to take their cues of the broader global macro fundamental developments. The Eurozone debt crisis is the main focus and regional investors will be watching closely to see how things play out.  However, even in the face of the crisis, the Scandis have managed to outperform many of the major currencies. We remain focused on the Eur/Nordic crosses and as contrarians, continue to see these crosses approaching a major base, with medium-term and longer-term technical studies warning of a potential reversal back in favor of the Euro. However, the time for this reversal has still not come.     
Eur/Sek The recent 9.55 yearly lows have been broken and the break below now opens the next downside extension to test key psychological support at 9.50. Only back above 9.90 would delay bearish structure and force a shift in outlook.  
Eur/Nok Has broken to fresh 2010 lows by 7.75 after easily clearing barriers by 8.00 in recent trade. Daily studies are however looking stretched and we would not rule out the potential for a bounce from here. Nevertheless, a break back above 8.05 will be required at a minimum to get things moving and reaffirm basing prospects. Below 7.75 opens next support by 7.70. 
Usd/Sek Our view is highly constructive at current levels and favors continued USD appreciation over the coming weeks.  The break to fresh 2010 highs above 7.52 now officially confirms a medium-term higher low by 7.00 and opens the next upside extension towards 8.00-8.20 over the coming weeks. Look for setbacks to now be well supported in the 7.30-40 area.  
Usd/Nok The overall structure remains grossly constructive and a fresh medium-term higher low by 5.80 is now confirmed following the latest break to fresh 2010 highs beyond 6.10. From here, the risks are for additional gains, with the next key medium-term target coming in by 6.40 over the coming weeks. Any setbacks should be well supported ahead of 5.95.  
Gbp/Nok The market has finally reached our 9.20 inverse head & shoulders objective after breaking out from a multi-day consolidation in the 9.10 area. From here, we look for any setbacks to be well propped by the 9.00 handle, ahead of the next upside extension towards 9.40-50 over the coming weeks. 
Nok/Jpy Has been well confined to a very choppy range trade over the past several months, largely defined between 14.00 and 16.50. Setbacks have once again been well propped by 14.00 ahead of the latest sharp bounce back into the mid-range, and we continue to recommend playing the range high-lows.

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


News & Analysis at your fingertips.