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
Gold
Bullish
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • LIVE IN 30 MIN: Join DailyFX Senior Strategist @IlyaSpivak LIVE as he discusses the outlook for the financial markets in the week ahead! https://www.dailyfx.com/webinars/889679267
  • #AUD had seen a little pressure Monday as investors wondered how much of a real step forward an interim #USChinaTrade agreement is. Still, China's retail sales and industrial data beat forecasts and gave it a lift. https://www.dailyfx.com/forex/market_alert/2019/12/16/Australian-Dollar-Chinese-Economic-Data.html?utm_source=Twitter&utm_medium=Cottle&utm_campaign=twr
  • Tune in to @IlyaSpivak 's #webinar at 10:00 PM ET/3:00 AM GMT for insight on the cross market weekly outlook. Register here: https://t.co/E213bTtq5C https://t.co/1hiYTne4JK
  • The $SGD is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.Get your market update from @ddubrovskyFX here:https://t.co/eWLM9XZs5Y https://t.co/NsEpx2pSqD
  • China home prices m/m for November: Actual: 0.3% Prior: 0.5%
  • #USDCHF pivot points (daily) – S3: 0.9722, S2: 0.9779, S1: 0.981, R1: 0.9867, R2: 0.9894, R3: 0.9951- https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • IMF to Australia: - Renewed overheating in the housing market poses a risk - #RBA and the government should keep macro policies accommodative (BBG)
  • #GBP, #SEK and the #NOK are expected to be the most active G10 currencies vs USD with 1-week implied volatility at 9.35, 9.13 and 8.90, respectively
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX! https://t.co/RgnsklZ2Gl
  • The Australian and New Zealand Dollars trimmed their gains as optimism on the US-China “phase one” trade deal faded. NZD/USD is at risk to turning lower on signs of technical indecision $AUDUSD $NZDUSD #tradewars - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/12/16/Australian-Dollar-and-New-Zealand-Dollar-Outlook-as-Week-Begins.html?CHID=9&QPID=917702 https://t.co/SmVBWwojc3
Stocks Rally Stalls with Yen Crosses, EURUSD Ready to Run

Stocks Rally Stalls with Yen Crosses, EURUSD Ready to Run

2016-02-19 01:10:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

  • The winds of risk appetite died down this past session as fundamental drive petered out and tech levels appeared
  • Market participant composition is unlikely to keep buoyancy alive without fundamental fuel to add lift
  • Sentiment tides, oil headlines and US monetary policy debate in US inflation data are key trading themes

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

After a broad but uneven recovery, risk appetite has started to flag in the FX and capital markets. Equities, high-yield fixed income and emerging markets lead the charge in the upswing; but a dearth in fundamental catalysts and the approach of heavy technical levels has cooled ambition. With short-term speculative interests in control, the stall can quickly turn into an unwind and retreat. For a benchmark near its resistance like the S&P 500 near 1,935 or the Dow Jones Industrial Average at 16,500, a range swing may take shape. However, for those risk-tagged assets that are closer to support than resistance - like EURJPY and NZDJPY - another sentiment rut can result in real progress. Meanwhile, oil was once again taking cues from headlines with Saudi Arabia reportedly backing out of production caps and the Dollar prepares for the market's favorite inflation figure - the US CPI. We discuss all of this and the trading implications 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.