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
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
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
USD/JPY
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
Real Time News
  • (#ASEAN Fundamental Outlook) The US #Dollar is falling against ASEAN currencies such as the Singapore Dollar and Indonesian #Rupiah as stock markets rise. Watch out for US-China escalation and #Brexit talks $USDSGD $USDIDR $USDMYR $USDPHP - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/06/01/US-Dollar-Wilting-as-IDR-SGD-gain-US-China-Spat-Brexit-Talks-Eyed.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/esN2pUqyZW
  • RT @FactSet: Since March 31, $SPX forward 12M EPS has declined by 14.2% while $SPX price has increased by 17.2%. https://t.co/eQTjXfg2dc ht…
  • USD/CAD holds near the monthly low (1.3728) after snapping the range bound price action carried over from April, but Canada’s 1Q Gross Domestic Product (GDP) report may undermine the recent decline. Get your $USDCAD market update from @DavidJSong here: https://t.co/47Pjp03afU https://t.co/s4O86pwu2O
  • Market snapshot: #AUD surging with #NZD at the expense of #USD and #JPY. #HKD also down amid political uncertainty while US equity futures trade in the green with APAC stocks
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 1.71% Gold: 0.58% Oil - US Crude: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XnIMS4xarU
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.79% 🇳🇿NZD: 0.52% 🇬🇧GBP: 0.46% 🇪🇺EUR: 0.24% 🇯🇵JPY: 0.09% 🇨🇭CHF: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3TmObf8qMo
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.39%, while traders in US 500 are at opposite extremes with 75.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wjEN7NrhgH
  • #USDKRW down with the pair trading just within the range of the uptrend. Do you think it will break this week? https://t.co/FvyNYJy701
  • Forex Update: $USD continues to weaken against its major counterparts, led by $AUD (+0.86%), while $JPY lags behind (+0.11%). https://t.co/5wayEueKCi
  • GBP/USD: cluster of recent lows around the 1.2160 level and the Tuesday’s low print at 1.2190 may act as the first level of support for the pair. Get your $GBPUSD technical analysis from @nickcawley1 here:https://t.co/yvGzi5hoQw https://t.co/9qFx1oKZsE
Forex: Heavy Event Risk and Key Technical Levels Offer Trade Setups

Forex: Heavy Event Risk and Key Technical Levels Offer Trade Setups

2013-09-05 02:50:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

  • The AUDUSD and USDJPY headline key trade setups across the yen and dollar-based crosses
  • Technical patterns are attractive, but we need to see the bigger picture for successful setups
  • Though there is a BoJ, ECB and BoE rate decision ahead; the NFPs will still dominate Thursday

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

While AUDUSD and USDJPY present particularly enticing technical setups, their is considerable trade opportunity across the dollar and yen-based pairings. Seeing the tension build on such clean range, trendline, head-and-shoulders and other technical patterns is tempting for traders who want to see more substantial moves from the FX market. Yet, false starts, fundamental hurdles and market conditions can turn ideal setups into something very different. In today's video, we run through the pulsating charts and discuss all the elements that can add up to better trades.

Find out what event risk can threaten the trade setups discussed in today's video with the DailyFX Economic Calendar.

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

DISCLOSURES

News & Analysis at your fingertips.