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
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • The US Dollar is attempting to find direction against the Singapore Dollar, Philippine Peso and Indonesian Rupiah as technical levels hold. The Malaysian Ringgit eyes a key trend line. Get your market update from @ddubrovskyFX here:https://t.co/lcSLkOnJgQ https://t.co/vryqn4rRU4
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.01% Oil - US Crude: -0.03% Silver: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/15QcnuOwHa
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.01% 🇬🇧GBP: -0.02% 🇯🇵JPY: -0.05% 🇪🇺EUR: -0.13% 🇳🇿NZD: -0.22% 🇦🇺AUD: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/vPJr6TpvF6
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.90%, while traders in US 500 are at opposite extremes with 78.20%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/xNfVZWeHaL
  • The $USD is falling against #ASEAN currencies such as the Singapore Dollar and Indonesian Rupiah as stock markets rise. Watch out for US-China escalation and Brexit talks. Get your market update from @ddubrovskyFX here:https://t.co/PziC8KZaIC https://t.co/IhJHu2WCVZ
  • For those who argue a bullish case for stocks... Let me counter with a single chart of the gold to S&P 500 ratio. Looks to me like risk-reward favors bullion over equities. $XAU $GLD https://t.co/6qiSh8E0ht https://t.co/lKViSEnrMc
  • - Silver prices could pull back as negative RSI divergence shows slowing momentum - Copper prices have risen over 20 percent, are now trading above 17-year uptrend - Monthly perspective show the base metal has entered into a key compression zone https://www.dailyfx.com/forex/market_alert/2020/06/02/Silver--Copper-Prices-Enjoyed-a-Nice-Ride---Is-it-Time-to-Get-Off.html
  • What is it about a colorful Bloomberg Terminal that is so satisfying to look at? https://t.co/Qtv9wwQv75
  • I have finally found a way to express the social climate in San Francisco and the effects of peer pressure: https://t.co/yYFXFHG2Lb
  • The US Dollar, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop.Get your market update from @ZabelinDimitri here:https://t.co/L8cfAgVx94 https://t.co/vwChirq7SL
Dollar and Yen Cross Rallies On Trial, NFPs and BoE Key Risk Next Week

Dollar and Yen Cross Rallies On Trial, NFPs and BoE Key Risk Next Week

2016-01-31 08:31:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

  • Top event risk in the week ahead includes US PCE and NFPs, the BoE rate decision, Chinese PMI
  • The effectiveness of monetary policy, the nascent rebound in risk and commodities top themes for next week
  • Both the Yen crosses and Dollar's rally to end this past week will be closely watch on the open

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot.

The week ended off with a bang. The BoJ unexpectedly announced fresh accommodation to leverage the Yen crosses higher, the Dollar rallied to fresh 12-year highs and risk trends lifted optimism from a S&P 500 rally to Emerging Market swell. In past years, these could be construed as related events - a major central bank supplying stimulus and charging the risk chase with the Dollar reinforced for its yield forecast. Yet, none of that adds up nowadays. The Japanese central bank's policies are looking more desperate than effective, investor sentiment has been permanently marred and the Greenback's path to hikes is far less proficient at providing lift. In the week ahead, all of these tentative moves will be put to serious test. Add to that high-profile schedule event risk like the US labor data, the Fed's preferred inflation statistics, Chinese PMIs and the BoE rate decision with quarterly inflation report; and we a volatile mix of questionable trends and capable catalysts. We talk about the state of the market and the conditions ahead in this 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.

DISCLOSURES

News & Analysis at your fingertips.