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
Bullish
Oil - US Crude
Bearish
Wall Street
Bullish
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
Gold
Mixed
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Euro Price Outlook: #Euro Pop Setting Up for a Drop- $EURUSD Levels - https://t.co/bTtTHvq6kT https://t.co/2rFkQQpOtm
  • Heads Up:🇲🇽 Interest Rate Decision due at 18:00 GMT (15min) Expected: 4% Previous: 4% https://www.dailyfx.com/economic-calendar#2021-06-24
  • S&P 500 Leaps to All-Time High on Infrastructure Agreement -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2021/06/24/sp500-leaps-to-all-time-high-on-infrastructure-agreement.html $SPX $SPY $ES_F #Trading
  • Last week saw Gold prices take a heavy hit, and a week later there’s still only been a mild recovery.Get your $XAUUSD market update from @JStanleyFX here:https://t.co/dvQ3hXK7GE https://t.co/672qkSz1jP
  • Fed's Kaplan: - As we make more progress toward our objectives, we'd like to reduce the Fed's asset purchases sooner rather than later - Reducing stimulus now could lower the likelihood of a more aggressive shift later
  • NY Fed accepts $813.0 billion in reverse repo operations $USD $DXY
  • Fed's Kaplan: - Inflation is spreading across sectors - Some inflation will be moderated, but others will persist
  • Fed's Kaplan: - The good news is that the economy is booming - Dealing with supply-demand imbalances is a difficulty
  • Fed's Kaplan: - My prediction of 3.4% inflation this year and 2.4% inflation next year has "upside risk" - Demand is strong, and it is expected to remain very strong
  • Fed's Bullard: - I see inflation meaningfully over 2% - Monetary policy must be prepared for upside inflation risk
Crude Downside Favored Towards 10250

Crude Downside Favored Towards 10250

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly Bars

eliottWaves_oil_body_crude.png, Crude Downside Favored Towards 10250

Prepared by Jamie Saettele, CMT

“The rally from 104.34 reversed at exactly the 61.8% retracement of the decline from 110.53, which is typical of corrections. The implications are for a drop below 104.34 and extension into 10200/50 (10250 is former resistance and 10200 is where the decline would consist of 2 equal legs. A drop below the base channel (above) would suggest that the decline is impulsive.

Bottom Line (next 5 days) – lower

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

DISCLOSURES