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.



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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • US Treasury Sec. Yellen: - Banks' risk management could include new approaches - Climate-risk disclosures must be more accurate and reliable
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.71% US 500: 0.64% France 40: 0.23% Germany 30: 0.22% FTSE 100: 0.12% View the performance of all markets via
  • President Biden: US still has a long way to go on vaccines.
  • $USDJPY has been trading lower this week. After dropping to a six week low early on Monday, the pair has been consolidating around the 108.00 level. $USD $JPY
  • #Silver has strengthened today, now up over 2%. The precious metal rose from below 26.00 to an intraday high around 26.50, a fresh one month high. $XAG $SLV
  • RT @EnronChairman: I passed a billionaire on the freeway this morning:
  • US 20yr Treasury Auction: - High Yield 2.144%, WI 2.153% (prev. 2.29%) - Bid/Cover 2.42 (prev. 2.51) - 17.74% allotted at high $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.20%, while traders in Wall Street are at opposite extremes with 67.57%. See the summary chart below and full details and charts on DailyFX:
  • The US Dollar has dropped to an intraday low after attempting to move higher today. The $DXY rose as high as the 91.40 level before meeting resistance and dropping back lower, now trading around 91.15. $USD
  • Mid-Week Market Update- Technical Outlook for $USD Majors, #Gold & #Oil and more! -(Webinar Archive)-
Blow-Out NFPs Fuel Risk Rally- USD Resilient as QE Bets Subside

Blow-Out NFPs Fuel Risk Rally- USD Resilient as QE Bets Subside

Michael Boutros, Strategist

Daily Winners and Losers

Blow-Out_NFPs_Fuel_Risk_Rally-_USD_Resilient_as_QE_Bets_Subside_body_Picture_2.png, Blow-Out NFPs Fuel Risk Rally- USD Resilient as QE Bets SubsideBlow-Out_NFPs_Fuel_Risk_Rally-_USD_Resilient_as_QE_Bets_Subside_body_Picture_3.png, Blow-Out NFPs Fuel Risk Rally- USD Resilient as QE Bets SubsideBlow-Out_NFPs_Fuel_Risk_Rally-_USD_Resilient_as_QE_Bets_Subside_body_Picture_4.png, Blow-Out NFPs Fuel Risk Rally- USD Resilient as QE Bets Subside

The Australian dollar is the top performing currency against the greenback in early US trade with an advance of 0.47% on the session. Today’s blow-out non-farm payroll report showed the domestic economy added 243K jobs in January, besting calls for a print of just 140K with the unemployment rate unexpectedly falling to 8.3% from 8.5%. The report bodes well for the reserve currency as strong US data reduces the likelihood of further dollar diluting quantitative easing measures from the Fed. Still, the positive print continues to fuel the recent risk rally with high yielding assets advancing early in the session.

The AUD/USD continued to trade within the confines of an ascending channel formation dating back to December 19th with the pair currently trading just above the 123.6% Fibonacci extension taken from the December 19th and January 8th troughs at 1.0765. Topside targets for the aussie are eyed at the convergence of channel resistance and soft resistance at the 1.08-figure, backed by the 138.2% extension at 1.0835 and 1.0875. Interim support rests at 1.0745 with subsequent floor seen at the 1.07-handle, 1.0680, and the 100% extension at 1.0645. Look for topside moves in the aussie to remain tempered as we head into the weekend with trader looking to next week’s RBA interest rate decision where the central bank is expected to cut interest rates by 25-basis points.

Key Levels/Indicators



200-Day SMA


100-Day SMA


50-Day SMA


2011 AUD High


Blow-Out_NFPs_Fuel_Risk_Rally-_USD_Resilient_as_QE_Bets_Subside_body_Picture_5.png, Blow-Out NFPs Fuel Risk Rally- USD Resilient as QE Bets SubsideBlow-Out_NFPs_Fuel_Risk_Rally-_USD_Resilient_as_QE_Bets_Subside_body_Picture_6.png, Blow-Out NFPs Fuel Risk Rally- USD Resilient as QE Bets Subside

The yen is the weakest performer against the dollar in at noon in New York with the USD/JPY advancing 0.50% on the session. The yen remains under pressure as risk appetite continues to improve with investors jettisoning lower yielding assets in favor of risk. The yen is weaker against all its major counterparts with the aussie toping the yen performance chart in early trade. Look for the yen to remain under pressure as Japanese officials continue to cite concerns regarding over appreciation in the yen with any advances in the low yielder likely to remain tempered.

The USD/JPY pair broke back above the 123.6% Fibonacci extension taken from the December 22nd and January 25th crests at 76.20 before encountering resistance at the 100% extension at 76.60. This level is likely to hold throughout North American trade with a breach eyeing subsequent ceilings at 76.80 and the 76.4% extension at the 77-figure. Initial support comes in at 76.40 backed by the 123.6% extension at 76.20 and the 138.2% extension at the 76-handle. Again we note that intervention concerns are likely to limit the magnitude of any yen advances with our bias on the pair remaining weighted to the topside.

Key Levels/Indicators



200-Day SMA


100-Day SMA


50-Day SMA


2011 JPY High


---Written by Michael Boutros, Currency Strategist with

To contact Michael email mboutros@dailyfx.comor follow him on Twitter @MBForex.

To be added to Michael’s email distribution list, send an email with subject line “Distribution List” to

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