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
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
GBP/USD
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
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
Gold
Bearish
Oil - US Crude
Mixed
Bitcoin
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
More View more
Real Time News
  • Heads up: New Zealand Reserve Bank of New England 2-Year Inflation Expectation (4Q) is due at 2:00 GMT (15 min) Est: N/A Previous: 1.86%
  • Crude #oil prices, $NOK and $SEK may rise if Donald Trump’s speech on trade war developments amplifies market buoyancy against the backdrop of critical US CPI and retails sales data. Get your market update from @ZabelinDimitri here:https://t.co/5rdK7xsQNq https://t.co/p1keAYO2ci
  • Since late July, the economic news flow from Sweden has been under-performing relative to economists’ expectations however there has been some improvement since early October. -Citi #SEK
  • The NZD marked a bearish reversal off key resistance last week and the focus is on confluence support just above the 63-handle. Get your NZD/USD market update here: https://t.co/WHaeLKR5Tv https://t.co/C9Jq94Udjo
  • What is a CLO you might ask? https://www.dailyfx.com/forex/fundamental/article/special_report/2019/03/22/Currencies-May-See-Wild-Swings-if-Slow-Growth-Breaks-CLO-Market.html https://t.co/s3ENjvMPWJ
  • Overnight index swaps are pricing in an 66.3% probability of a RBNZ rate cut during its next meeting on 11/13/2019 #NZD
  • (Asia Pacific AM Briefing) GBP/USD Price Aims for October High as NZD/USD Rate Soars $GBPUSD $NZDUSD #Brexit #RBNZ - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/11/12/GBPUSD-Price-Aims-for-October-High-as-NZDUSD-Rate-Soars.html?CHID=9&QPID=917702 https://t.co/vXSDQ6WgBW
  • Australian NAB Business Confidence (OCT) Actual: 2 Est: N/A Previous: 0 #AUD
  • $AUDUSD shares a statistically significant positive correlation with $NZDUSD and could see its price fluctuate in the event of a surprise from the RBNZ. Get your market update from @PeterHanksFX here: https://t.co/ipgT4vRgnP https://t.co/SflIKyrxZW
  • Heads up: Australian NAB Business Confidence (OCT) is due at 0:30 GMT (15 min) Est: N/A Previous: 0 #AUD
Trading Video: Fresh Extremes for USDollar, EURUSD and USDJPY

Trading Video: Fresh Extremes for USDollar, EURUSD and USDJPY

2014-05-06 03:20:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• Activity levels continue to collapse - leveraging the risk of heavy breakouts as conditions 'normalize'

USDollar joined the crowd of extremes with one of the smallest trading ranges on record

• While waiting for a resolution to 'risk' inactivity; the Euro, Pound and Aussie face event risk

See Today's Strategy Video to learn more about picking the proper strategy for the given market backdrop (discussing USDJPY in particular)

The pressure keeps building. On one hand, we have high profile congestion patterns on liquid benchmarks (S&P 500, USDollar, EURUSD) screaming breakout risk. On the other, volatility measures collapse to ever lower levels. This is an unsustainable contrast that leverages the risk of breakouts rather than promises a calm and steady market outlook. A resolution to the many alarming technical patterns likely comes from a catalyst with scope - a systemic shift in risk appetite. Yet, we can't subsist on placing medium-term trades awaiting the breakout to eventually come. There are short-term catalysts and those currencies and pairs that are not so beholden to speculative appetites. We look at the bigger picture as well as individual movers in the Euro, Aussie and Pound in today's Trading video.

Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.

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.