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EUR/USD
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of clients are net long.
of clients are net short.
Long Short

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US Dollar Rip, Dip, Rip Around CPI: EUR/USD, USD/CAD
2021-05-12 16:45:00
EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP
2021-05-12 14:00:00
Oil - US Crude
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of clients are net short.
Long Short

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Oil Price Outlook: Crude Surges- Bulls Eye Major Breakout at May High
2021-05-12 15:30:00
Crude Oil Prices Hold Gains as Stockpiles Fall, OPEC Lifts Demand Outlook
2021-05-12 04:00:00
Wall Street
Bearish
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of clients are net short.
Long Short

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Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Mar 05, 2021 when Wall Street traded near 31,529.20.
2021-05-12 18:23:00
Dow Jones, S&P 500 Outlook: Rising Long Bets, Bearish Technical Signs Worrying
2021-05-12 03:00:00
Gold
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of clients are net short.
Long Short

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Gold Prices Fall as USD and Yields Creep Higher Before Inflation Data
2021-05-12 06:00:00
Gold Price Outlook Turns to Fedspeak After Consumer Inflation Expectations Jitter
2021-05-11 06:00:00
GBP/USD
Bullish
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of clients are net short.
Long Short

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GBP/USD Shrugs at UK GDP, May Drop on US CPI Data
2021-05-12 06:13:00
Dollar Prepared for Nasdaq Volatility if Inflation Data Can Stir Interest
2021-05-12 03:00:00
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.

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US Dollar Rockets Higher as Inflation Spikes to 4.2% in April
2021-05-12 13:15:00
Japanese Yen Technical Analysis: Broader Outlook Bearish, USD/JPY Eyes Key Trendline
2021-05-12 05:00:00
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  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.16% Gold: -0.87% Silver: -1.70% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/2ZM2rM1kJN
  • Well one $NDX trendline is dead and gone after today's rout and secondary support is coming up quick near 12,760 https://t.co/hJSPch42Zm
  • Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Mar 05, 2021 when Wall Street traded near 31,529.20. A contrarian view of crowd sentiment points to Wall Street weakness. https://www.dailyfx.com/sentiment https://t.co/zeXYkoKVW6
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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.05%, while traders in GBP/USD are at opposite extremes with 67.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dhdLOMU0TX
  • Nasdaq Extends Slide, Bond Yields Spike on Fed Taper Fears -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2021/05/12/nasdaq-extends-slide-bond-yields-spike-on-fed-taper-fears.html #StockMarket $NDX $QQQ https://t.co/e08fA8Wy73
  • US Treasury Department: - U.S. ran record $1.9 trillion budget deficit in first 7 months of FY2021 - Federal outlays climbed 22% to $4.1 trillion from Oct. through April - Revenues rose 16%, reflecting 2020 tax deferrals
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.28% Germany 30: -0.28% France 40: -0.34% Wall Street: -1.41% US 500: -1.71% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/PfhSpL5XsO
  • 🇺🇸 Monthly Budget Statement (APR) Actual: $-226B Expected: $-220B Previous: $-660B https://www.dailyfx.com/economic-calendar#2021-05-12
  • We've taken out short-term support on $SPX. Bigger levels below though. For this index, it is 4,000. For the Nasdaq 100, which has a floor more immediately at hand, it is 13,000 https://t.co/KeHxTw81Ht
USDJPY Inside Day Presents Trade Setup

USDJPY Inside Day Presents Trade Setup

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY Inside Day Presents Trade Setup

Prepared by Jamie Saettele, CMT

“The USDJPY has reached the -2nd Bollinger band (20 days) for the first time since the 6/1 low. The confluence of the 6/15 low and 100% extension of the 8061-7912 decline at 7960 is clearly of interest. Near term strength is likely capped by 7900/10.” An inside day formed today. Inside days at Bollinger bands are one of my favorite trade setups. The last such setup occurred on 6/4 (one day after the low). The trade is higher probability if early in the month but with RSI also holding 40, I don’t mind punting on the long side against 7860. 7890 is support.

LEVELS: 7765 7810 7868 7930 7995 8060

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

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