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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • USD/JPY gives back the advance following the Federal Reserve interest rate decision as the 10-Year US Treasury yield slips to a fresh monthly low. Get your $USDJPY market update from @DavidJSong here:https://t.co/KnAbpYcdTM https://t.co/kKTJbNEyLZ
  • Heads Up:🇷🇺 Unemployment Rate (MAY) due at 16:00 GMT (15min) Expected: 5.2% Previous: 5.2% https://www.dailyfx.com/economic-calendar#2021-06-21
  • ECB's Lagarde says the ECB still has room to cut rates if needed $EUR
  • ECB's Lagarde says the ECN still has room to cut rates if needed $EUR
  • Rand resumes week in the green. USD/ZAR testing long-term resistance. Get your market update from @WVenketas here:https://t.co/oyHol85sPF https://t.co/ZoTc4bWd4c
  • AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Mar 26, 2021 when AUD/JPY traded near 83.81. A contrarian view of crowd sentiment points to AUD/JPY weakness. https://www.dailyfx.com/sentiment https://t.co/FxH5sekPJl
  • Technically-speaking $GBPUSD's rebound today looks less like a hold to bullish trend convention and more likely a breather in a larger bearish shift. Still, market conditions are still not particularly favorable for trends https://t.co/Zh9XPIcWcs
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.82% 🇳🇿NZD: 0.81% 🇦🇺AUD: 0.74% 🇨🇭CHF: 0.52% 🇪🇺EUR: 0.44% 🇯🇵JPY: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tNVuht89y8
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.52% US 500: 1.15% Germany 30: 1.05% FTSE 100: 0.73% France 40: 0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MTUvyFX2Dm
  • Fed's Kaplan - This level of liquidity being injected encourages people to go out on the risk curve - Not worried this is going to create undue financial instability - But worried about the amount of risk taking
Crude Near Term Resistance Extends to 108

Crude Near Term Resistance Extends to 108

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_oil_body_crude.png, Crude Near Term Resistance Extends to 108

Prepared by Jamie Saettele, CMT

“The March 1 spike into 110.00 completed at least 5 waves up from the 2/2 low and maybe 3 waves up from the 2011 low. Near term implications are for weakness towards 104.60 and 103.00.” I wrote yesterday that “crude’s decline reversed just below the former 4th wave low, which is enough evidence to turn bullish again (against 104.34).” FX charts suggest USD strength Friday which would fit with a crude selloff in order to complete 3 waves down from 110.53. The bullish outlook is at minimum delayed.

Bottom Line (next 5 days) – sideways?

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

DISCLOSURES