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.

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
Mixed
Wall Street
Bearish
Gold
Bullish
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
  • Mid-Week Strategy webinar begins right now and there's some vol to work with https://www.dailyfx.com/webinars/140187219 Topics: 1) Big inflation beat, USD gives back gains 2) EUR/USD jumping right back into resistance zone after CPI release 3) Gold - bull flag remains in-play Let's go
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.76% Germany 30: 0.26% France 40: 0.18% Wall Street: -0.40% US 500: -0.75% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/RqkV6znl1S
  • US inflation (April) is expected to jump to 3.6% y/y. USD41 billion 10-year USTs hit the street later in the session. Get your market update from @nickcawley1 here:https://t.co/jbDHCCgwME https://t.co/gsJqv03UDs
  • Core inflation CPI - excluding the typical volatile items like food and fuel - charged to the fastest clip of growth (+2.96%) since December 1995
  • Liz Cheney ousted from House GOP leadership. -@axios
  • I can see the Fed's strategy following the fastest headline inflation figure since 2008: https://t.co/yUeN7hbvyj
  • Fed's Clarida: - Fed will act if price pressures prove not transitory - Surprised by the strength of today's CPI report - Reopening economy puts some upside pressure on prices $USD $DXY $TNX
  • 🇬🇧 NIESR Monthly GDP Tracker (APR) Actual: 1.3% Previous: -1.5% https://www.dailyfx.com/economic-calendar#2021-05-12
  • RT @KyleR_IG: * US APRIL CORE CONSUMER PRICES RISE 3.0% Y/Y; EST. 2.3%: BBG #ausbiz $usd $dxy
  • that support hit - we can call that 'transitory' $EURUSD https://t.co/4eSc3Olgij
Crude Bounces from Range Lows

Crude Bounces from Range Lows

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Crude Bounces from Range Lows

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-Recent remarks noted that “Crude oil has completed a head and shoulders continuation pattern. The objective from this pattern is 35.50 (new lows). Price is at a median line that was support for the October low so weakness below here could lead to a free fall towards the August low. Resistance is now near 43.” Crude bounced into 43.42 before turning down. Additional sideways to upside is possible with resistance slightly under 45. A break through that level would indicate a behavior change.

For more analysis and trade setups, visit SB Trade Desk

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

DISCLOSURES