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
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
USD/JPY
Bullish
Gold
Bearish
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • $DXY drops to lowest level since November 4th https://t.co/hE14tnlk4o
  • BoC's Lane: - Global risks and market pricing has disconnect - CAD in pretty narrow range lately $USDCAD $CAD
  • BoC's Lane says the governing council did not mull the merits of an insurance cut ahead of the December 4th announcement $CAD
  • The strength of Sterling suggests that a Conservative victory in the December 12 UK General Election is now priced in to $GBPUSD and the GBP crosses.Get your market update from @MartinSEssex here:https://t.co/fV8ZXq6H4i https://t.co/mbAuzq0aHg
  • OPEC+ JMMC is said to recommend 500kbpd reduction in output quota
  • Saudi Oil Official tells Amena Bakr that no deeper cut is being advocated by Saudi Arabia
  • RT @Amena__Bakr: “No deeper cut being advocated by the kingdom,” a saudi oil official tells @energyintel #OOTT #opec
  • Canadian Dollar Surges post-BoC, USD/CAD Breaks Down: CAD Outlook https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2019/12/05/canadian-dollar-surges-post-boc-usdcad-breaks-down-us-dollar-to-canadian-dollar-price-outlook-js56.html $USDCAD https://t.co/L8h3r6WHzE
  • OPEC+ Ministerial panel discusses deepening oil cuts by 500kbpd, according to two sources - RTRS #OOTT
  • Aside from key inflation indicators remaining on target, it seems like the risk of stoking financial vulnerabilities is another big factor the Bank of Canada has refused to capitulate and join other dovish central banks around the world slashing policy interest rates $CAD #BOC https://t.co/i3MGdZIIy8
Trading Video: EURUSD, EURJPY and SPX Ready to Cave if Risk Collapses

Trading Video: EURUSD, EURJPY and SPX Ready to Cave if Risk Collapses

2014-07-11 03:07:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• A building fear from European markets was amplified by troubles with a major Portuguese lender

• Regional concerns are no longer finding an apathetic market as volatility lurched higher

• For trends to develop, the next step needs to be elemental - the VIX, SPX and EURUSD will be barometers

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

We finally seem to have found a pulse in the financial markets. Global equities slumped and volatility readings picked up this past session, helped along by fear and heavy selling pressure surrounding a large Portuguese lender. Alone, it may not be material enough to draw direct comparisions to the Eurozone crisis a few years ago; but this is not the first crack the market has noticed. The tipping point for broader market conditons however remains cross-asset volatility. Should this activity measure rise, it will be difficult to maintain the euphoric complacency that has carried us recently. Though there are many opportunities should the tides turn; our initial focus in this Trading Video are the S&P 500, EURUSD and EURJPY.

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.