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
Oil - US Crude
Mixed
Wall Street
Bearish
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
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
More View more
Real Time News
  • NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since May 19, 2020 when NZD/USD traded near 0.61. A contrarian view of crowd sentiment points to NZD/USD weakness. https://www.dailyfx.com/sentiment https://t.co/vNo6FTWKmk
  • Crude Oil Prices Rise as Trump Talks Hong Kong, Gold Up on US Unrest - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/06/01/Crude-Oil-Prices-Rise-as-Trump-Talks-Hong-Kong-Gold-Up-on-US-Unrest.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #CrudeOil #gold #XAUUSD #OOTT https://t.co/gXE7J4nA4K
  • 🇿🇦 ABSA Manufacturing PMI Actual: 50.2 Previous: 46.1 https://www.dailyfx.com/economic-calendar#2020-06-01
  • Repaso a los eventos más importantes de la semana, enfoque en #Lagarde y el #BCE #trading https://t.co/tlKfrNq9xW https://t.co/TgfLmXwvVu
  • Repaso a los eventos más importantes de la semana, enfoque en #Lagarde y el #BCE #trading https://t.co/tlKfrNq9xW
  • Heads Up:🇿🇦 ABSA Manufacturing PMI due at 09:00 GMT (15min) Previous: 46.1 https://www.dailyfx.com/economic-calendar#2020-06-01
  • OPEC and Russia is said to be moving closer to an agreement on extension of oil production cuts, looking at 1-2 months - RTRS sources
  • 🇬🇧 Markit/CIPS Manufacturing PMI Final Actual: 40.7 Expected: 40.7 Previous: 32.6 https://www.dailyfx.com/economic-calendar#2020-06-01
  • Sharp risk-off reversal after #China is reported to halt some US agriculture imports amid #HongKong tensions & #TradeWar escalation. #AUD, #NZD and #SP500 futures down. #USD and #JPY up. https://t.co/2uwoEalx62
  • Heads Up:🇬🇧 Markit/CIPS Manufacturing PMI Final due at 08:30 GMT (15min) Expected: 40.7 Previous: 32.6 https://www.dailyfx.com/economic-calendar#2020-06-01
USD Extends Strongest Run in 8 Months, Is that Yen Intervention?

USD Extends Strongest Run in 8 Months, Is that Yen Intervention?

2016-05-10 02:25:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

  • Dollar extends rally to its strongest 5-day run since late August - next move important for AUDUSD, GBPUSD
  • A strong Yen cross move has some speculating on stealth Japanese intervention
  • Emerging Markets are quickly rising as a catalyst for global risk trends with Brazil, China leading the way

See the standings in the Monthly FXCM Mini trading contest.

The Dollar has taken up the charge for the FX market to start the new trading week. That is remarkably considering the economic calendar for the Greenback lacks a high-profile anchor (like NFPs or FOMC) to latch on to. A fifth consecutive advanced for the currency is made more remarkable for its pace - the strongest run of this duration since late August after the Dollar responded to the global risk aversion move that month. The run is impressive, but there are few tangible footholds to keep the speculators on track. Whether a lack of concentrated motivation keeps the USD rising or not, will matter to key pairs including EURUSD, AUDUSD and GBPUSD that face important technical milestones. Meanwhile, the Yen crosses started off the week with a strong swell. The BoJ minutes, however, offered little to work with. Is this evidence of stealth intervention or evidence that BoJ and Ministry of Finance officials' 'jawboning' is working? Ahead, the docket is light with a few noteworthy items specifically from key Emerging Market players. How will that impact global conviction and pacing? We discuss that in today's Trading Video.

To receive John’s analysis directly via email, please SIGN UP HERE

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.