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.

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
Bullish
Oil - US Crude
Bearish
Wall Street
Bullish
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
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.50% Gold: -0.17% Oil - US Crude: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1n9eel9mPM
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.49% 🇬🇧GBP: 0.40% 🇦🇺AUD: 0.35% 🇪🇺EUR: 0.10% 🇯🇵JPY: 0.07% 🇨🇭CHF: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/or5TUZZUWN
  • The DAX is breaking lower out of a short-term topping sequence, the pattern discussed on Thursday as having the potential to at least induce a pullback within the context of a larger uptrend. Get your #DAX market update from @PaulRobinsonFX here:https://t.co/nFPT9a7KGi https://t.co/AJFUWoj2uQ
  • Yellen officially sworn in as Treasury Secretary by VP Harris. $USD
  • Gold Price Forecast: XAU/USD Resistance Bound Ahead of the Fed https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/01/26/Gold-Price-Forecast-XAU-USD-XAUUSD-GLD-Resistance-Bound-Ahead-of-the-FED-FOMC.html $Gold https://t.co/P7vDZ3wYgD
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: France 40: -0.08% Wall Street: -0.09% US 500: -0.20% Germany 30: -0.21% FTSE 100: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/alUPV1pWlu
  • ECB said to study impact of ECB vs. Fed policies on exchange rate - BBG. $EUR $USD
  • Seeing more reports of connections issues for Amazon Web Services, Google, Slack, Hulu, Netflix, Facebook, Bank of America and Robinhood among others
  • #Bitcoin is consolidating around $31,000 to $32,000 today after attempting a run-up to $35,000 yesterday. The cryptocurrency has mostly been trading lower since late last week. $BTC https://t.co/sZX8AuNW1J
  • Though far from a typical market that interactions with natural technical activity, $USDCNH nevertheless is facing another 'break of necessity' at the upper end of its remarkably consistent 8 month descending trend channel: https://t.co/xEBSlG2PL3
Weighing EURJPY and EURUSD Breakouts on ECB Decision

Weighing EURJPY and EURUSD Breakouts on ECB Decision

John Kicklighter, Chief Strategist

Range-based setups were the preferred approach through the first half of this week. Now, we have to shift gears to breakout candidates to account for our first major fundamental catalyst since the Summer Doldrums ended: the ECB rate decision. The EURUSD may seem the ideal candidate - and it does offer a distinct opportunity one volatility influx that carries us through 1.2625 or 1.2500. However, EURJPY is arguably the superior option given its clear levels and tempered exposure to NFPs immediately after the ECB. Furthermore, you should watch the ECB decision whether trading Euro-based pairs or not. There are risk trend ramifications that can translate into heavy moves for the likes of AUDUSD, the S&P 500 and gold amongst others.

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

DISCLOSURES