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
EUR/USD
Mixed
Oil - US Crude
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
Wall Street
Bearish
Gold
Bullish
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
  • Join @MartinSEssex 's #webinar at 6:30 AM ET/10:30 AM GMT to learn more about trading #sentiment Register here: https://t.co/XUUPRdY06p https://t.co/3PZaK76ujX
  • Heads Up:🇿🇦 Unemployment Rate (Q3) due at 09:30 GMT (15min) Previous: 23.3% https://www.dailyfx.com/economic-calendar#2020-10-27
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/iSGErOq12D
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/oIGwwUxkA1
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/UYZKfhgVKI
  • 🇪🇸 Unemployment Rate (Q3) Actual: 16.26% Expected: 15.9% Previous: 15.33% https://www.dailyfx.com/economic-calendar#2020-10-27
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.88%, while traders in NZD/USD are at opposite extremes with 72.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/AkpsGpdS41
  • Heads Up:🇪🇸 Unemployment Rate (Q3) due at 08:00 GMT (15min) Expected: 15.9% Previous: 15.33% https://www.dailyfx.com/economic-calendar#2020-10-27
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.84% Oil - US Crude: 0.44% Gold: 0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/kuo5ryd7Y5
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/ERyiY47G5H https://t.co/1dnrd0aLR1
EURUSD Collapses Between ECB and NFPs, USDJPY Hits 6-Year High

EURUSD Collapses Between ECB and NFPs, USDJPY Hits 6-Year High

2014-09-05 01:37:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

The ECB pulled out all the stops with a rate cut and asset purchase program

EURUSD collapsed over 200 points for the biggest move in nearly 3 years on the heaviest volume in two

• Can NFPs extend the EURUSD's bear trend? Can it overcome risk trends to keep USDJPY at six year highs?

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

Welcome back volatility. The FX markets were rocking this past session after the ECB announced a significant upgrade to its stimulus efforts. Unexpectedly, the central bank announced a 'traditional' round of rate cuts as well as a frequently-debated asset purchase program. The result of this move was a EURUSD plunge of over 200 pips for the biggest drop since November 2011 and on the heaviest speculative volume since August 2012. With this move, the people now interested in EURUSD's bear trend are finding an equally large crowd saying it is now overdone. The upcoming NFPs release may help settle the debate. We look at the extraordinary activity and opportunity showing through on the majors 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