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.

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
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
More View more
Before You Trade a GBP/USD or EUR/USD Reversal, Consider This...

Before You Trade a GBP/USD or EUR/USD Reversal, Consider This...

John Kicklighter, Chief Strategist

The dollar put in for its biggest drop in two months as the Dow Jones Industrial Average extended its longest rally in 16 years. Fundamentally, this is the connection to risk trends that we expect to occur. And, with that fundamental backing; it would seem that the GBPUSD's reversal back above 1.5000 and EURUSD's proximity to a possible trend reversal. Yet, there is still a serious disconnect that could immediately sabotage a meaningful drive from these and other pairs: risk trends. We discuss the scenarios and trades with these high stakes in today's video.

Bring the economic calendar to your charts with the DailyFX News App.

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