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 Download
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
Bearish
More View more
Real Time News
  • The $SPX is on for the sixth consecutive daily drop to match similar stretches last August and Oct 2018. The last tumble that was longer was the lead in to the US Presidential election in November 2016 https://t.co/uZ3G7OJCZI
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Gold: 0.80% Silver: 0.17% Oil - US Crude: -4.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Sq3gjZwe2J
  • The Atlanta Fed GDPNow forecast for Q1 rises to 2.7%, previously 2.6% $SPX $DXY
  • US Dollar Price Analysis: USD Snaps Back, Will Buyers Bid Support? https://www.dailyfx.com/forex/fundamental/article/drivers_of_price_action/2020/02/27/US-Dollar-Price-Analysis-USD-Snaps-Back-Will-Buyers-Bid-Support-JS.html $USD https://t.co/f5eGGnH23P
  • Tune in to @PeterHanksFX 's #webinar at 11:00 AM ET/4:00 PM GMT to learn how to identify trends with trader #sentiment. Register here: https://t.co/MqVMi2INbJ https://t.co/ABeHjpwszw
  • 🇺🇸 USD Pending Home Sales (YoY) (JAN), Actual: 6.7% Expected: 2.1% Previous: 6.8% https://www.dailyfx.com/economic-calendar#2020-02-27
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.93%, while traders in USD/CAD are at opposite extremes with 67.08%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/hLfhItcNTG
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: 0.95% Silver: 0.57% Oil - US Crude: -4.95% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/8tSEvwOXf7
  • Heads Up:🇺🇸 USD Pending Home Sales (YoY) (JAN) due at 15:00 GMT (15min), Actual: N/A Expected: N/A Previous: 6.8% https://www.dailyfx.com/economic-calendar#2020-02-27
  • $SPX gaps lower on the US session open, now over 10% off of highs https://t.co/njDc20ZY9x
Forex: EURUSD Ready for Breakout as US, Italy Government Troubles Heat Up

Forex: EURUSD Ready for Breakout as US, Italy Government Troubles Heat Up

2013-10-01 02:12:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• Budget debate in Congress is coming down to the wire with risk trends in the crosshairs

• Event risk like Italy's government fracture, Japan's tax hike and the RBA decision offer further sparks

• Markets are at risk of heavy volatility, but aligning event risk, themes and technical breaks is key

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

The threats to a stable market are already beginning to materialize, but the scale of risk aversion remains constrained. The US budget standoff, Italy's fractured government and Japan's impending tax hike are upon us; but the masses do not yet see the full scope of how these uncertainties can impact their trades. There are opportunities positive and negative outcomes from these events; but the best trades will find multiple facets of fundamental support, signs of developing momentum and technical cues. In today's video, we update on the key market themes and highlight the pairs best suited for the different outcomes to this heavy event risk.

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

Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!

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

DISCLOSURES

News & Analysis at your fingertips.