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
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
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • US Treasury Sec. Yellen: Raising the corporate tax rate would land the US in the middle of its peers
  • US Senator Schumer: - We are moving forward on multiple infrastructure proposals - I will meet with White House officials later along with Speaker of the House Nancy Pelosi
  • US Treasury Sec. Yellen: I hope to get approval from G20 for a worldwide tax reform plan
  • June Manufacturing PMI surges and climbs to a record high of 62.6 from 62.1 in May. Get your market update from @DColmanFX here:https://t.co/MkLyc2tlFy https://t.co/nJApnsSQPh
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.27%, while traders in GBP/JPY are at opposite extremes with 74.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/NrBgCtVZvN
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.12% France 40: 0.07% Germany 30: 0.06% FTSE 100: -0.04% Wall Street: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/z277OvYl2T
  • Australian #Dollar Forecast: #Aussie Breaks 2021 Range- $AUDUSD Rally at Risk - https://t.co/kV3Jr9KSqW https://t.co/3259U46BNn
  • Gold plunged into a critical uptrend support and the focus is on a reaction off this threshold. Get your $XAUUSD market update from @MBForex here:https://t.co/9647GKHVTa https://t.co/VOxFsFU8rf
  • NY Fed accepts $813.6 billion in reverse repo operations, a new record high $USD $DXY
  • Bostic sees first hike in 'late 2022' and doesn't want to hike until Taper is complete. If the Fed follows the three quarter spacing timeline it would suggest roughly: Dec 2022 hike < March 2022 finish taper < any month now start taper https://t.co/j25E9vAUc1
Crude at a Level That Could Produce a Reaction

Crude at a Level That Could Produce a Reaction

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

eliottWaves_oil_body_crude.png, Crude at a Level That Could Produce a Reaction

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

Commodity Analysis: After months of false breakouts, crude reversed sharply lower 3 weeks ago before ‘reversing the reversal’ and breaking to 2013 highs. Crude has reached the line that extends off of the 2011 and 2012 highs. This is a level that could produce consolidation but it’s not a place to fight strength. The weekly closing high of 2012 at 106.58 is joined by 127% x the June-December 2012 range and could be a level that leads to at least some consolidation.

Commodity Trading Strategy: Flat

LEVELS: 102.29 103.95 104.89 106.58 108.00 110.53

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

DISCLOSURES