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
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
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • What are the truths and lies of #forex trading regardless of your #tradingstyle here: https://t.co/uF75VPzstr https://t.co/90MXy9Lh9a
  • Next OPEC meeting is said to be on March 5th with OPEC+ on March 6th, according to sources
  • What is the best time to trade #forex? Find out: https://t.co/NbM2tJK9cl https://t.co/fHocBaBArd
  • Live Webinar: Join Me today at 14:00 GMT. In this session we will talk about most common directional and momentum indicators and how to use them https://www.dailyfx.com/webinars/422047211 https://t.co/KC5pPMVuTh
  • UK Election Poll (Ipsos Mori) - Conservatives: 44% (unch) - Labour party: 32% (+4ppts)
  • GBP/JPY Faces Key Resistance - British Pound vs Japanese Yen Price Forecast More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/gbp-jpy/2019/12/06/GBPJPY-Faces-Key-Resistance-British-Pound-vs-Japanese-Yen-Price-Forecast-MK.html?CHID=9&QPID=917714 https://t.co/9wT3927vEu
  • LIVE NOW: Join Currency Strategist @PaulRobinsonFX as he runs through his favorite charts and potential set-ups for the week ahead in the FX and CFDs market. Register here: https://www.dailyfx.com/webinars/108721147?CHID=9&QPID=917720
  • Have central banks run out of ammo? And where are central banks headed? Find out from Cross-asset class trader, @JohnNetto only on Trading Global Markets Decoded #podcast with @MartinSEssex here: https://t.co/Twr44cZ1GB https://t.co/iFowV6YBBj
  • LIVE IN 30 MIN: Join Currency Strategist @PaulRobinsonFX as he runs through his favorite charts and potential set-ups for the week ahead in the FX and CFDs market. Register here: https://www.dailyfx.com/webinars/108721147?CHID=9&QPID=917720
  • AUD/USD Technical Analysis: Choppy Aussie Dollar Still Aims Lower - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2019/12/06/AUDUSD-Technical-Analysis-Choppy-Aussie-Dollar-Still-Aims-Lower.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #technicalanalysis https://t.co/uE75UEjmIj
The Trouble With EURUSD Follow Through or GBPUSD Reversal

The Trouble With EURUSD Follow Through or GBPUSD Reversal

2014-09-11 01:25:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• Top event risk in BoE testimony and an RBNZ rate decision generated clear volatility for GBP and NZD

• Event risk versus theme means the US Dollar remains the most motivated currency

• Whether Dollar, Pound, Euro or other major; key event risk ahead is going to further warp volatility

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!

Armed with high-level event risk this past session, GBPUSD attempted to reverse its bear trend while NZDUSD looked to extend its 600-point tumble. Yet, after an initial bout of volatility; neither pair made progress comparable to the trend development of the past two weeks. To some extent, the BoE Testimony, new Scottish Referendum poll numbers and RBNZ rate decision don't materially alter the dominant fundamental themes. Yet, a moderation in trend may prove more systemic than just the quality of upcoming event risk. With the surge in volatility, the market is projecting heavy swings in near future through major event risk like the Fed rate decision, UK CPI, Scotland vote, ECB TLTRO allotment and other key milestones. How will market participants position in the lead up to daunting wave? We discuss that 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.