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
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
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
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.78% US 500: -0.85% FTSE 100: -1.28% France 40: -1.62% Germany 30: -1.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/y08VtV4cJy
  • Equities are broadly weaker this morning as Joe Biden hinted at tax cuts while introducing a new stimulus package last night. Get your stock market update from @HathornSabin here: https://t.co/8L3lZeZbbK https://t.co/X0sHgN1IwF
  • Looks like the $EURUSD (the Dollar) is making a go of it. Both the relative appeal of faster growth potential in the US and the spark of risk aversion we have today pitching favor to the Dollar. Terrible day - end of week - for a critical transitional move though https://t.co/Sb5IZE6F0C
  • US Indices are heading lower today after misses on key data prints. DOW -1.19% NDX -1.20% SPX -1.19% RUT -1.74% $DOW $QQQ $SPY $IWM
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Gold: -0.55% Oil - US Crude: -2.14% Silver: -2.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UlhX3chZWU
  • 🇺🇸 Business Inventories MoM (NOV) Actual: 0.5% Expected: 0.5% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-01-15
  • $EURUSD briefly fell below 1.2100 for the first time since December 10th. $EUR $USD https://t.co/yVqkPtN0Cc
  • 🇺🇸 Michigan 5 Year Inflation Expectations Prel (JAN) Actual: 2.7% Previous: 2.5% https://www.dailyfx.com/economic-calendar#2021-01-15
  • 🇺🇸 Michigan Inflation Expectations Prel (JAN) Actual: 3% Previous: 2.5% https://www.dailyfx.com/economic-calendar#2021-01-15
  • 🇺🇸 Business Inventories MoM (NOV) Actual: 0.5 Expected: 0.5% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2021-01-15
Forex: EURUSD Faces Breakout Pressure from Risk, ECB, Italy

Forex: EURUSD Faces Breakout Pressure from Risk, ECB, Italy

2013-10-02 03:32:00
John Kicklighter, Chief Strategist

Talking Points:

• The markets have absorbed the US government shutdown and neither risk nor the USD have collapsed

• Technical patterns on EURUSD, GBPUSD, Yen crosses and other risk pairs require support

• EURUSD may be the most at-risk pair of a breakout between tight trading and a broad wave of event risk

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

The FX and capital markets have so far weathered news of the US government shutdown without a dramatic shift in risk positioning or the USDollar. That leaves us in a precarious position as there are many assets and pairs one foot into meaningful moves or pressing hearty technical drives. On one hand, we have the likes of GBPUSD which cleared a multi-year wedge ceiling only to stall at its most productive momentum. Alternatively, the yen crosses are still threatening a heavy turn but lack a deleveraging catalyst. In today's video, we discuss these oportunities in the context of probability, and we further focus in on the Euro with key event risk in the ECB rate decision and Italy's confidence vote.

Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.

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

DISCLOSURES