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
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
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
USD/JPY
Mixed
Gold
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
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • What are the truths and myths of #forex trading? Find out from @DailyFX analysts here: https://t.co/uF75VPzstr https://t.co/72dN9k3mdz
  • Retail carnage this AM after disappointing earnings pre-market $ES_F $SPX
  • Dax dancing around this trend channel https://t.co/FIL16lwltr
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.72%, while traders in France 40 are at opposite extremes with 85.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8OpJesS3E7
  • RT @NickTimiraos: Trump elaborates on his White House meeting with Powell. One question is whether private pressure has any effect when the…
  • LIVE NOW: Join Analyst and Editor @MartinSEssex as he discusses the most important events and themes that have driven market sentiment and will drive it in the days ahead. Register here: https://www.dailyfx.com/webinars/181540619?CHID=9&QPID=917720
  • $GBPUSD option market pricing for General election (expiring Dec 13th) - Volatility at +48% with a break-even of 330pips https://t.co/jiLzZolZ0p
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/Uiohe30J5b
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.33% Gold: -0.27% Oil - US Crude: -0.93% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YPHs0zoO6x
  • RT @YuanTalks: #PBOC governor Yi Gang: #China will step up credit support to the economy and push real lending rates lower; authorities wil…
Trading Video: Gauging EURUSD, GBPUSD and Yen Reversals

Trading Video: Gauging EURUSD, GBPUSD and Yen Reversals

2014-05-14 01:23:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

GBPUSD and the British pound are top trade potential with a scheduled BoE Quarterly Inflation report

EURUSD hasn't waited for Thursday's big ticket event risk to clear critical support

• Risk trends refuse to yield, but that may not save the Yen crosses

Join Christopher Vecchio as he covers the GBPUSD's reaction to the BoE report live. Find out what major event risk analysts will cover through the week on the DailyFX Webinar Calendar.

The chance of reversal among the major FX pairings is growing. As a benchmark, EURUSD has foregone its impending event risk and already put in for a key technical break. Are the development of medium-term fundamental themes - like the Fed's slow shift towards rate hikes and the ECB's stimulus lean - finally catching up to price action? Or is this a unique circumstance? With GBPUSD - and many of the pound crosses - so close to reversing their own trend with the BoE Quarterly report ahead and risk trends showing their telltale lack of conviction, this is an important question we discuss in today's Trading Video.

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.