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
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.69% Gold: -1.54% Silver: -2.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tb0rhPEn0F
  • Heads Up:🇵🇱 Interest Rate Decision (MAR) due at 15:00 GMT (15min) Actual: 0.1% Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Last week's gold report...' $1,743/oz. may prove temporary support ahead of $1,700/oz big figure support and ahead of the 61.8% Fibonacci retracement at $1,689.7/oz.' #gold https://www.dailyfx.com/forex/market_alert/2021/02/26/Gold-Price-XAUUSD-Outlook-Treading-on-Thin-Ice-as-US-Treasury-Yields-Heat-Up.html
  • The February rally in $WTI Crude Oil has struggled to continue in March. After rising from 52.00 at the beginning of February to a high above 63.00, WTI has edged back downwards. The commodity has recently consolidated between the 59.00 and 61.00 levels. $OIL $USO https://t.co/NzJZIvgkQn
  • Heads Up:🇺🇸 Fed Harker Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇺🇸 ISM Non-Manufacturing PMI (FEB) due at 15:00 GMT (15min) Expected: 58.7 Previous: 58.7 https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇵🇱 Interest Rate Decision (MAR) due at 15:00 GMT (15min) Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:💶 ECB Guindos Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-03-03
  • Gilt yields on the rise as DMO issuance in 2021/2 jumps to GBP296 billion, busting estimates of GBP250 billion #gilts #DMO https://t.co/D6i9U4mU5c
  • $Gold back at the lows, breaching below the 38.2 of the 18-20 major move. This thing hasn't been able to hold a bid at all of late, looks like a lot of those flows going over to $btc or other related cryptos next support from that structure around 1618 https://t.co/b0pin7SPS3 https://t.co/TL5elY25Qk
Forex: EUR/USD Breakout Has Issues, USDJPY Wins Historic 11 Week Rally

Forex: EUR/USD Breakout Has Issues, USDJPY Wins Historic 11 Week Rally

John Kicklighter, Chief Strategist

We've closed an incredible week where USDJPY has advanced for an 11th consecutive week, EURUSD posted a breakout as it started a stimulus withdrawal and the S&P 500 rounded out its first 8-day rally since 2006. These trends look robust on their surface. However, questions arise when we look at other critical factors. The US Dollar closed at a six-month high. Volume on the S&P 500 this past week was the lowest, non-holiday turnover in over a decade. And, much of the 'positive turn of events' on major fundamental relief events have been priced in. In the weekend video, we discuss the difference between a strong trend that carries momentum and one that is simply over-extended (with particular focus on EURUSD and the yen crosses).

New to FX? Watch this Video (Initial login required)

Sign up for John’s email distribution list, here.

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

DISCLOSURES