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
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
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • Hey traders! Get your Thursday market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/50r5qyuMP4
  • Fed's Bullard: - Fed will be less preemptive to tighten than in the past - Sees more inflation pressure in 2021 than in previous years #Fed $USD
  • The British Pound is beginning to lose ground against the commodity currencies: the AUD, the NZD, and the CAD, suggesting that its recent broad strength may be drawing to a close near-term. Get your $GBP market update from @MartinSEssex here:https://t.co/d015Cpcj1W https://t.co/LFQWfh34pY
  • EUR/USD climbs to a fresh monthly high (1.2238) following the semi-annual testimony with Federal Reserve Chairman Jerome Powell. Get your $EURUSD market update from @DavidJSong here:https://t.co/mGjClEgEhd https://t.co/dvqtOOCZok
  • Gold (XAU/USD) -1.7% at $1,773/oz....the $1,760/-$1,764/oz. level under pressure again. #gold #xauusd @DailyFX https://t.co/XS2INokIRx
  • Heads Up:🇺🇸 Fed Quarles Speech due at 16:10 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-02-25
  • As US yields climb higher, gold prices have dropped to session lows of 1770 - YTD low at 1761 USDJPY continues to track higher, hitting 106.22 (YTD high) High beta FX beginning to soften slightly as USDCAD recovers back above 1.25
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.44% 🇨🇭CHF: 0.33% 🇬🇧GBP: 0.05% 🇨🇦CAD: -0.03% 🇦🇺AUD: -0.16% 🇯🇵JPY: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SwhdGUNXdZ
  • The US10Y yield just matched the $SPX dividend yield (1.5%), making stock exposure a little bit less attractive at this stage. It's a huge concern for equities and one we discussed in yesterday's webinar - https://www.dailyfx.com/forex/market_alert/2021/02/24/Stock-Market-Forecast-for-the-Week-Ahead-Growth-to-Value-Rotation-Heats-Up.html?ref-author=phanks&QPID=917701&CHID=9
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: France 40: 0.12% FTSE 100: -0.07% Wall Street: -0.45% Germany 30: -0.52% US 500: -0.78% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/5DPlIjUwBA
USD/CAD Inside Day on Thursday and Inside Week So Far

USD/CAD Inside Day on Thursday and Inside Week So Far

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USD/CAD Inside Day on Thursday and Inside Week So Far

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: The next big level of interest for USDCAD is the trendline that extends off of the 2010 and 2011 highs. That line is at about 10458 this week and decreases roughly 5 pips per week. I wrote last week that the “rally probably composes wave 5 within the 5 wave rally from 9932. The implications are for a corrective decline into 10158-10207 before additional gains.” Last Friday’s key reversal (and J-Spike) is a good start for a period of corrective weakness.

FOREXTrading Strategy: Next opportunity to get long should come between 10158 and 10207 with a 10085 stop. Notice that former channel resistance (pointed out early this week) is acting as support.

LEVELS: 1.0158 1.0216 1.0255 1.0342 1.0362 1.0446

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

DISCLOSURES