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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region. Get your #Bitcoin forecast from @DColmanFX here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
  • AUD/USD is likely to face increased volatility over the coming days as it faces a batch of key event risks going into the end of July. Get your Australian Dollar forecast from @DavidJSong here:
  • The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell. Get your market update from @ddubrovskyFX here:
Trade Update: Selling into Euro and GBP Strength, Aussie Weakness

Trade Update: Selling into Euro and GBP Strength, Aussie Weakness

David Rodriguez, Head of Product

Article summary: An important drop in volatility expectations makes selling the sudden Euro and British Pound bounces attractive, while higher Aussie Dollar volatility prices point to further AUDUSD lows.

View a comprehensive view of the opinions in this article via today’s archived automated trading webinar.

Market conditions remain challenging for our trend and price-following Momentum and Breakout trading systems, but our low-volatility Range2 trading system stands to do well across a number of currencies in slow-moving markets.

The sudden Euro and British Pound rally/US Dollar sell-off seems an attractive opportunity to play trading ranges; as long as the British Pound remains below $1.5605 we like a short position. The Euro, on the other hand, continues to respect its month-to-date highs at $1.3242. A short position remains attractive as long as volatility remains low and key levels hold.

The Australian Dollar and New Zealand Dollar pairs are the key exceptions: both currencies show elevated volatility expectations. The AUDUSD in particular looks as though it may decline sharply as it stays below key resistance at $1.0260. The NZDUSD looks similarly bearish below $0.8590.

DailyFX PLUS Trading Strategies Snapshot

forex_trading_setups_on_australian_dollar_euro_british_pound_body_Picture_1.png, Trade Update: Selling into Euro and GBP Strength, Aussie Weakness

Screenshot of the strategy dashboard available on DailyFX PLUS

See the table below for an updated breakdown of volatility and trading biases:

forex_trading_setups_on_australian_dollar_euro_british_pound_body_Picture_2.png, Trade Update: Selling into Euro and GBP Strength, Aussie Weakness

Wrapping things up: We’ve seen a big slowdown in forex market moves, and our previously-favored Momentum2 and Breakout2 strategies have had a poor run of trades as they get chopped up. There’s no need to force the issue—we’ll simply shift towards our Range2 strategy and similar; the EURUSD and GBPUSD are attractive in this regard.

Momentum2 has nonetheless sold AUDUSD and NZDUSD while it’s gone long EURCHF. We like these trades as volatility prices on these pairs remain fairly elevated.

forex_trading_setups_on_australian_dollar_euro_british_pound_body_1a.png, Trade Update: Selling into Euro and GBP Strength, Aussie Weakness

Automate the Momentum2 trading system via the FXCM Apps store

Automate the Range2 trading system via the FXCM Apps store

--- Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and Trade Updates this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at

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