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
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
  • Get our analysts’ view on the key fundamentals for Oil in Q2. Download now.
  • The Bullish Cup and Handle that has been brewing in $USDTHB for some time is now on the verge of breaking higher Pushing above key resistance (around 31.606) exposes the July 2020 high at 31.858 towards peaks from the same year Learn more here -
  • No change in interest rates is expected, but the central bank could adopt a more hawkish language in response to the deteriorating inflation outlook. Get your market update from @DColmanFX here:
  • Fed's Williams: - It wouldn't be a problem if reverse repo activity increased - It is impossible to predict when the Fed will be able to reduce its bond-buying program
  • Fed's Williams: - The Fed reverse repo facility is operating perfectly - Overnight reverse repo is running perfectly
  • Fed's Williams: - The Federal Reserve is "talking about talking about" slowing asset purchases - Employers perceive a tight job market, but this does not imply full employment
  • Fed's Williams: - I predict a moderate market response to the Fed's policy meeting - Following the FOMC, there was no minor taper tantrum
  • Fed's Williams: - We see the dangers on both sides in terms of employment and price stability - Money market rates are under increasing downward pressure
  • Fed's Williams: - The average inflation target is not based on any methodology - We have taken note of the significant increase in reverse repo usage
  • Fed's Williams: - The Fed's adjustments to administered rates were about keeping the fed funds rate within the target range - Regulators should pay attention to money market funds since they have been in trouble in the past
Classic Haven Flows Slam NZD- Larger Yen Correction Under Way

Classic Haven Flows Slam NZD- Larger Yen Correction Under Way

Michael Boutros, Strategist

Daily Winners and Losers

Classic_Haven_Flows_Slam_NZD-_Larger_Yen_Correction_Under_Way_body_Picture_5.png, Classic Haven Flows Slam NZD- Larger Yen Correction Under WayClassic_Haven_Flows_Slam_NZD-_Larger_Yen_Correction_Under_Way_body_Picture_4.png, Classic Haven Flows Slam NZD- Larger Yen Correction Under WayClassic_Haven_Flows_Slam_NZD-_Larger_Yen_Correction_Under_Way_body_Picture_3.png, Classic Haven Flows Slam NZD- Larger Yen Correction Under Way

The Japanese yen is the top performer against a stronger dollar in early US trade with an advance of more than 0.90%o on the session. Weaker than expected China manufacturing PMI data out last night has continued to weigh on broader market sentiment as concerns over slowing growth in the world’s second largest economy take root. Adding fuel to the sell-off were weaker than expected reports out of the Eurozone on manufacturing and services PMI as well as industrial new orders which all printed well below expectations. As a result, classic haven flows into lower yielding “haven” assets have dominated early trade with the dollar and the yen acting as chief beneficiaries of risk aversion flows.

The USDJPY has continued to trade within the confines of a short-term descending channel formation dating back to the highs put in yesterday just above the 84-figure. Interim support for the pair now rests at 82.50 backed by 82.20 and the 23.6% Fibonacci extension taken from the February 2nd and March 6th troughs at 81.95. Topside resistance stands with the 38.2% extension at 82.80 with subsequent ceilings seen at 83.17, the 50% extension at 83.50 and 83.80. Note that although our longer-term bias on the USDJPY remains weighted to the topside, the recent correction continue to trend lower in the interim with drawdown offering favorably entries for long positions.

Key Levels/Indicators



200-Day SMA


100-Day SMA


50-Day SMA




Classic_Haven_Flows_Slam_NZD-_Larger_Yen_Correction_Under_Way_body_Picture_2.png, Classic Haven Flows Slam NZD- Larger Yen Correction Under WayClassic_Haven_Flows_Slam_NZD-_Larger_Yen_Correction_Under_Way_body_Picture_1.png, Classic Haven Flows Slam NZD- Larger Yen Correction Under Way

The New Zealand dollar is the weakest performer for a third consecutive day with the kiwi off by more than 1.4% ahead of the European close. Higher yielding, growth linked currencies like the aussie and the kiwi have come under substantial pressure with equity markets remaining on the defensive as risk appetite continues to subside. The NZDUSD continues to trade within the confines of a descending channel formation dating back to March 19th with the exchange rate currently resting on interim support at the 100% Fibonacci extension taken from the March 8th and 19th crests at 8065. A break below this level eyes subsequent support targets at channel support/8040, the 123.6% extension at 8015 and the 138.2% extension at 7983. Interim resistance holds 8090 backed by the 78.6% extension at 8114 and the confluence of channel resistance and the 61.8% extension at 8150. Look for the kiwi to consolidate into the close with a pullback of some magnitude likely on the heels of the drawdown from 8290.Our medium-term bias on the kiwi remains weighted to the downside with a close below 8060 offering further conviction on our directional bias.

Key Levels/Indicators



200-Day SMA


100-Day SMA


50-Day SMA




---Written by Michael Boutros, Currency Strategist with

To contact Michael email or follow him on Twitter @MBForex

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

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