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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
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
Oil - US Crude
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
Bitcoin
Bullish
More View more
Real Time News
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.10% Gold: -0.13% Silver: -0.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rPomtsybNj
  • Heads Up:🇺🇸 USD DOE U.S. Crude Oil Inventories (FEB 21) due at 15:30 GMT (15min), Actual: N/A Expected: 1815k Previous: 415k https://www.dailyfx.com/economic-calendar#2020-02-26
  • US Congress may vote on coronavirus funding package week of March 9th - BBG
  • 🇺🇸 USD New Home Sales (MoM) (JAN), Actual: 7.9% Expected: 2.7% Previous: 2.3 https://www.dailyfx.com/economic-calendar#2020-02-26
  • Picture perfect move from $SPX down to the 200-day simple moving average and rising trendline. Let's see if they hold https://t.co/tM63TzjJTQ
  • 🇺🇸 USD New Home Sales (MoM) (JAN), Actual: 7.9% Expected: 2.7% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-02-26
  • As the US Dollar has continued to fall, $USDCAD has continued with strength. Get your USD/CAD technical analysis from @JStanleyFX here: https://t.co/RABooH0V9b https://t.co/K1H0rMekLM
  • Tune in to @PeterHanksFX 's #webinar at 11:00 AM ET/4:00 PM GMT as he discusses top levels to watch on #DAX, #DOW & more. Register here: https://t.co/Rwbt9avERj https://t.co/RZ0JfKnNQt
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.58%, while traders in USD/CAD are at opposite extremes with 70.82%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EgE6ELLptv
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.10% Gold: -0.08% Silver: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ygq9B5jgeb
EURUSD and S&P 500 Divergence Will Collapse, Watch EURCHF and USDJPY

EURUSD and S&P 500 Divergence Will Collapse, Watch EURCHF and USDJPY

2012-03-15 01:05:00
John Kicklighter, Chief Currency Strategist
Share:

We are still seeing mixed signals on underlying risk trends, and the resolution of this disparity will ultimately lead some markets to reverse. The question is whether the convergence will be dramatic or measured. Using EURUSD and S&P 500 as our measuring definable points, we have seen the benchmark equity index's rally stall immediately after overtaking multi-year highs while the world's most liquid currency pair trends lower in favor of the safe haven dollar. We discuss the relevance of this divergence and the trading scenarios that lie before us. In addition, we cover EURCHF's opportunities ahead of the SNB rate decision as well as the diehard bull trend for USDJPY.

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

DISCLOSURES

News & Analysis at your fingertips.