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
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
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
Gold
Bearish
GBP/USD
Bearish
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.90%, while traders in US 500 are at opposite extremes with 72.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/JGa74oRdsK
  • The price of #gold continues to pull back from the yearly high ($1765) following the failed attempt to test the 2012 high ($1796). Get your $XAUUSD market update from @DavidJSong here: https://t.co/JnUaOdlhKp https://t.co/l4mbrzY0wl
  • Fed's Bullard says we have a better probability for a quick recovery compared to previous recessions $DXY $SPX
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.69% Gold: -0.23% Oil - US Crude: -2.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/enkKZQzC4J
  • #Gold Price Technical Outlook: $XAUUSD Correction Approaching Support - https://t.co/XCkrdESFN4 https://t.co/wlvI0myFZm
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.01% 🇨🇦CAD: -0.02% 🇯🇵JPY: -0.18% 🇳🇿NZD: -0.43% 🇬🇧GBP: -0.77% 🇦🇺AUD: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rAo0MfnXVB
  • Heads Up:🇺🇸 Fed Bullard Speech due at 16:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-05-27
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.91% US 500: 0.14% FTSE 100: 0.12% France 40: 0.06% Germany 30: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hZuIomNwSE
  • The United States will not certify the autonomy of Hong Kong, putting its trade status in danger - BBG
  • RT @Lagarde: I am heartened to see this common European answer to the economic difficulties resulting from the coronavirus pandemic. #Stron…
Forex: EURUSD Looks for Breakout on ECB Decision, But Beware...

Forex: EURUSD Looks for Breakout on ECB Decision, But Beware...

2013-12-05 02:29:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

EURUSD may seem the ideal candidate for a breakout today with the ECB rate decision on hand

• As market moving as Thursday's event risk can be, Friday's NFPs can disrupt trend development

• Trades with traditional 'risk trend' or dollar exposure must account for the Taper speculation

What automated systems have Euro setups heading into the ECB rate decision? How are retail traders positioned in EURUSD? Find out this and more in DailyFX-Plus.

EURUSD looks ripe for a breakout with a tight 80 pip range facing today's heavily-speculated ECB rate decision. Yet, FX traders must be careful of their dollar and 'risk'-based trade setups. As influential as the upcoming Euro-area policy meeting can be, the market implications of the Friday US NFP scenarios are materially more foreboding. In today's Trading Video we discuss the potential in the ECB and BoE rate decisions, the distraction from the US employment report, the opportunity in building fundamental divergences and the trade opportunities all of this represents.

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

News & Analysis at your fingertips.