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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
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
  • #Crudeoil prices could reverse lower as the #OPEC Monthly Oil Market Report (MOMR) forecasts fading global demand and oversupply concerns. Get your #commodities update from @DanielGMoss here:
  • The outlook for the $EURUSD pair has worsened after its failure to move back to the high just above 1.20 touched on September 1 despite the #ECB’s decision earlier this month not to talk down the Euro. Get your #currencies update from @MartinSEssex here:
  • #USDollar Outlook Bearish on Mnuchin & Powell Testimonies, Key US Data ⬇️
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The Japanese #Yen may continue to exhibit a bullish behavior as the Bank of Japan (BoJ) appears to be in no rush to alter the path for monetary policy. Get your #currencies update from @DavidJSong here:
  • The New Zealand Dollar appears poised to extend its climb against its haven-associated counterparts as long-term trend break hints at cyclical upturn. Get your $NZDUSD market update from @DanielGMoss here:
  • The US Dollar may rise against ASEAN currencies like the Singapore Dollar if local retail sales and sentiment data disappoints. USD/IDR may fall on the Bank of Indonesia. Get your market update from @ddubrovskyFX here:
  • The US Dollar may rise against the Singapore Dollar and Philippine Peso. USD/MYR’s downtrend holds, but a bullish pattern brews. USD/IDR seems stuck between key technical levels.Get youe #ASEAN currencies market update from @ddubrovskyFX here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
EURUSD's 1400-Pip Trend Rides on ECB, USDJPY Wavers Alongside Risk

EURUSD's 1400-Pip Trend Rides on ECB, USDJPY Wavers Alongside Risk

2014-10-02 03:14:00
John Kicklighter, Chief Strategist

Talking Points:

• Risk trends wobbled this past session with heavy drop in global equities and a USDJPY correction from 110

• Increasingly fragile investor confidence faces a critical constintuent of complacency: the ECB decision

• For the Euro, a tremendous amount of easing has been priced in - and it may be hard to live up to

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!

The market is ill at ease. This past session saw a global correction in risk appetite trends and serious blow to fragile complacency. And, ahead, a key player in financial stability is expected to deliver a large-scale support program. Miscues with this kind of scenario could lead to heavy market swings. The focus for the upcoming session is on the ECB's monetary policy meeting. Having already approved an asset purchase program in theory at its last meeting, the market expects the President Draghi to deliver the details after this month's meeting. However, expectations are already riding high. The EURUSD has dropped nearly 1,400 pips in anticipation of a massive stimulus upgrade. Falling short of high-level accommodation could send Euro traders scrambling. It could also offer the critical push that sends capital markets over the edge - not so farfetched with the S&P 500 so close to critical support. We look at the precarious position of the Euro and risk trends 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.