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
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
Oil - US Crude
Mixed
Low
High
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
Bitcoin
Bullish
More View more
Real Time News
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/1:00 AM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTDaWVC https://t.co/BlxHOemKwy
  • China is "fully expected" to meet terms outlined in "Phase 1" of the US-China trade deal despite the outbreak of the #coronavirus according to top US officials (SCMP) - First Squawk Could you imagine the pandemonium if markets had to contend with #covid19 and reignited tensions?
  • The #coronavirus has revealed that these debt markets are more susceptible to economic shocks than imagined".
  • has alleviated the anxiety of a region-wide default. Consequently, investors have grown more comfortable with investing in riskier assets (both sovereign and corporate) while underwriting standards for the latter deteriorate.
  • History says otherwise, and the current fundamental context only supports the notion that the Southern member states are still comparatively more vulnerable than their northern counterparts. However, buoyant market optimism – buttressed by expectations of central bank easing -...
  • ...reputation of financial soundness – has collapsed and is approaching equivalency. The implicit message behind this convergence is investors are assuming that “all other things equal”, these states will be almost equally able to meet their debt obligations.
  • (IMPORTANT THREAD) "This came amid a regional convergence of interest rates on sovereign debt in Greece, Germany, Italy Portugal and Spain. What this means is the risk premium between owning Mediterranean debt – with a history economic precarity – and German bunds - with a... https://t.co/jVpQCZ7T89
  • The #Euro may be close to resuming the downtrend against the US Dollar after managing a shallow recovery from support just below the 1.08 figure. Get your $EUR market update from @IlyaSpivak here: https://t.co/WJCO0gcL8p https://t.co/B7UnWonz40
  • Hey there traders! Did you know that on top of the fundamentals and technicals, trader positioning is hinting that trends in $USDJPY and the #SP500 may continue lower? Join me in about 1.5 hours as I discuss this in depth alongside other pairs here - https://www.dailyfx.com/webinars/998956395?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/R432QfY0Ul
  • Nordic FX expected to be 2 out of the three most volatile G10 FX this week vs the US Dollar with one week implied volatility at 10.18 for NOK and 9.23 for SEK. Read @ZabelinDimitri's Nordic technical and fundamental outlook here for a more in-depth look: https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/24/US-Dollar-Aims-Higher-vs-NOK-on-Growth-Outlook-Coronavirus.html
Financial Markets Stall Ahead of Key Event Risk

Financial Markets Stall Ahead of Key Event Risk

2010-07-21 04:09:00
Ilya Spivak, Sr. Currency Strategist
Share:

MSCI WORLD STOCK INDEX – Unchanged from yesterday: “Prices have turned lower after testing resistance at a falling trend line connecting major swing lows since May to meet horizontal support at $1091.00. A move below this boundary will expose the triple bottom at $1032.14.”

technicals072020101

US DOLLAR INDEX – Unchanged from yesterday: “The greenback has taken out major support at a rising trend line established from the major swing low in December 2009, with prices now stalling above a horizontal barrier at 82.38. A bounce sees initial resistance on a re-test of the trend line near the 84.00 level while continued selling exposes the psychologically significant 80.00 figure.”

technicals072020102

CRUDE OIL – Unchanged from yesterday: “Prices continue to consolidate inside a rising channel. Initial support lines up near $75.00, while resistance is seen in the $78.13-79.38 congestion region.”

technicals072020103

GOLD – Prices have put in a Piercing Line bullish candlestick formation above support at a rising trend line established from the swing bottom in early February. A bounce sees initial resistance at the $1200 figure, followed by a horizontal barrier at $1215.47. Alternatively, a break lower sees initial support at $1170.

technicals072020104

For real time news and analysis, please visit
http://www.dailyfx.com/real_time_news

To receive future articles by email, please contact Ilya at ispivak@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.