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Mixed
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US Dollar Forecast: Major Topping Potential in Play? Key Levels for DXY Index
2019-12-05 17:30:00
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2019-12-05 13:15:00
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2019-12-05 09:00:00
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China Makes a Bet Against the US Dollar as World Reserve Currency
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2019-12-05 07:22:00
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  • US Treasury Yields Update: 2-Year: 1.586% 3-Year: 1.598% 5-Year: 1.624% 7-Year: 1.732% 10-Year: 1.798% 30-Year: 2.245% $TNX
  • US Dollar Forecast: Major Topping Potential in Play? Key Levels for DXY Index https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2019/12/05/us-dollar-forecast-major-topping-potential-in-play-key-levels-for-dxy-index.html?CHID=9&QPID=917710 $DXY $EURUSD $UUP $FED
  • Here's the recording of this morning's @IG_US client sentiment webinar with $AUDUSD and $AUDJPY bearish setups as the focus https://t.co/6KlAtvFaay
  • A close below the low end of the zone could offer sellers the opportunity to take charge and press natural gas towards $2.210.Get your natural gas technical analysis from @malkudsi here: https://t.co/VTvy56Cyns https://t.co/84QPmg6RkY
  • Trump says talk with China are moving along and we will see about the December 15 tariffs $SPX $DXY
  • Secretary Mnuchin says USD price dictated by markets
  • Commodities Update: NYM WTI Crude 58.47 (+0.09%) ICE Brent Crude 63.32 (+0.51%) NYM NYH Gas 161.84 (+0.89%) [delayed]
  • #Oil Price Outlook: #Crude Rips into Resistance – $WTI Trade Levels - https://t.co/4rA64i45lr https://t.co/gCqWATJfsn
  • RT @arappeport: Mnuchin says of China talks, “we’re going to get the right deal and we’re not going to be confused by an arbitrary deadline…
  • I'm looking too far into this, but it is interesting that there seem to be roughly mirrored periods where the $SPX has run above the 200-day SMA since 2009. Odd. https://t.co/2rriv4MFwm
British Pound Likely to Rally further versus Yen

British Pound Likely to Rally further versus Yen

2014-07-16 18:55:00
David Rodriguez, Head of Business Development
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British Pound Likely to Rally further versus Yen

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GBPJPY – Retail FX traders have sold heavily into British Pound strength versus the US Dollar and the Japanese Yen, and we view this as contrarian signal that the GBPJPY and GBPUSD may continue higher.

Trade Implications – GBPJPY: Low volatility warns against buying into sharp GBP strength, but consistent retail sentiment makes buying dips into support an attractive strategy in Sterling pairs. For the GBPJPY that support starts at congestion at ¥174 and ¥172.50, while clear resistance stands at post-financial crisis highs near ¥175.30.

See next currency section:EURUSD - Euro is an Attractive Buy at these Levels

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

British Pound Likely to Rally further versus Yen

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

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