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
Oil - US Crude
Bearish
Wall Street
Bearish
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
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇮🇳 Balance of Trade Final (MAY) due at 12:20 GMT (15min) Expected: $-6.32B Previous: $-15.09B https://www.dailyfx.com/economic-calendar#2021-06-15
  • Heads Up:🇬🇧 BoE Gov Bailey Speech due at 12:15 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-15
  • The EU has frozen 10 banks from taking part in bond purchases due to antitrust violations - FT
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/kmJdQVssyB
  • Another USD pair to watch - $USDCAD nearing May 13th peak (1.22) - 50DMA above at 1.2246 - The move however, going against the continued bid in oil prices https://t.co/fHv7gpOSC9
  • 1.4070 gives way, fresh session lows for cable https://t.co/6J9QlHQJha
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CAD are long at 74.28%, while traders in France 40 are at opposite extremes with 79.74%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/bUrGX3vgHG
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/np2DRdpId8
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.64% Gold: -0.04% Silver: -0.64% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tYoBjMaX1J
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.13% 🇪🇺EUR: 0.04% 🇯🇵JPY: 0.01% 🇬🇧GBP: -0.21% 🇨🇦CAD: -0.30% 🇦🇺AUD: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/1bRmkh7wZ5
USD/JPY Classical Technical Report 03.16

USD/JPY Classical Technical Report 03.16

Joel Kruger, Technical Strategist
Daily_Classical_USDJPY_body_jpy2.png, USD/JPY Classical Technical Report 03.16

USD/JPY:The market is doing a good job of showing the potential for the formation of a major cyclical bottom after closing above the weekly Ichimoku cloud for the fist time since July 2007. This further solidifies basing prospects and we could be in the process of seeing a major bullish structural shift that exposes a move towards 85.00-90.00 over the coming weeks. At this point, only back under 77.00 would delay outlook and give reason for concern. However, in the interim, it is worth noting that gains beyond 84.00 over the coming sessions could prove hard to come by with shorter-term technical studies needing to unwind from their most overbought levels in over 10 years before a bullish continuation. As such, we would caution buying breaks above 84.00 for the time being and instead recommend looking for opportunities to buy on dips towards 80.00-82.00.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

DISCLOSURES