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
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
More View more
Breaking news

ECB leaves all rates unchanged in line with expectations

Real Time News
  • RT @ecb: Lagarde: What gives us hope is the fact that the downside risks to the growth outlook are less pronounced
  • ECB's Lagarde: -Euro area not seeing 'Japanification' -We need to look at all measures of inflation expectations -I am neither a dove nor a hawk, but 'an owl' -Trade negotiations are heading in a better direction than a few months ago
  • RT @zerohedge: LAGARDE: EURO AREA NOT SEEING JAPANIFICATION Euro Area should look again https://t.co/867WUUHiKz
  • Gold really liking Lagarde so far, testing monthly highs, recovering the remainder of the post nfp sell-off $Gold #ecb https://t.co/tMKY74HRan
  • RT @ecb: Lagarde: A cross-check of the economic analysis with the signals coming from the monetary analysis confirmed an ample degree of mo…
  • RT @ecb: Lagarde: In order to reap the full benefits from our monetary policy measures, other policy areas must contribute more decisively…
  • ECB President Christine Lagarde says in her first @ecb meeting press conference to 'not over-interpret or second guess' her remarks
  • ECB's Lagarde: -Govnts with fiscal capacity should act to raise longer term growth potential -A comprehensive policy review is somewhat overdue $EUR
  • $EUR | The @ecb raises its forecasts for 2019 #GDP to 1.2% from 1.1% prior, but lowers 2020 GDP estimate to 1.1% from 1.2% prior. #CPI unchanged at 1.2% for 2019, raised by 0.1% to 1.1% for 2020 and lowered by 0.1% for 2021 to 1.4%
  • ECB's Lagarde: -Risks still tilted to the downside but risks are somewhat less pronounced -Some indicators of a mild increase in core inflation, headline inflation to pick up slightly in coming months $EUR
Trading Video: Short Term Euro and Yen Setups the Order for Next Week

Trading Video: Short Term Euro and Yen Setups the Order for Next Week

2014-12-26 22:16:00
John Kicklighter, Chief Currency Strategist

Talking Points:

• Tepid liquidity this past week curbed trade opportunities and another lull is expected on New Year's Day

• Medium and long-term trade setups are unlikely to progress this week, but short-term options can do well

• There are plenty of short-term breakouts setting up for EURUSD, EURJPY, AUDUSD and others

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!

There are more than a few great technical and fundamental setups tempting FX traders. Yet, many of these high-profile opportunities call for dramatic breaks, reversals or trend upgrades which requires deep market liquidity. Similar to this past week's Christmas drain, the New Year's holiday in the week ahead will create another whirlpool. As the big setups gestate, we should turn our focus to the many short-term setups that have formed in the market. Many of the majors and crosses present the proper technical patterns to trigger breakouts, but certain pairs offer different circumstances. With a Greek Parliament election on Monday; EURUSD, EURGBP and EURJPY, are fundamentally loaded. Conversely, pairs like GBPJPY, GBPNZD and GBPAUD are naturally more volatile. We discuss next week's trading landscape in the weekend 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.


News & Analysis at your fingertips.