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. See our updated Privacy Policy here.



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
Please try again
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
  • USD/JPY extends the rebound from the weekly low (109.11) as the stronger-than-expected US Retail Sales report fuels speculation for an imminent shift in monetary policy. Get your market update from @DavidJSong here:
  • $ES from resistance to support now at the weekly low, testing a few different support elements here, also a 618 $SPX
  • The $SPX is going to keep it interesting for us through this final trading session. The 50-day SMA is under strain, its 'quad witching' today, evergreen uncertainty over weekend and FOMC on the threat radar
  • The S&P 500 and its counterparts are leaning into support as the end of the week nears. DailyFX's @JohnKicklighter discusses the possibility of a break before next week's FOMC and Evergrande deadline!
  • You're Not The Only One Bored Of 'New' Apple iPhones via @IBDinvestors
  • $USDCAD big test, right at the Sept. high
  • just about an hour later $USDCAD
  • Hedging Evergrande (3333 HK) is reportedly a near impossible task
  • Given there is a substantial risk from China's Evergrande situation with a possible technical default at the start of next week, I'll be watching Bitcoin as a 'risk' measure over the weekend. Here versus SPX as Shanghai Comp is 'tended to'
  • The latest batch of US economic data suggests the economy is weathering delta variant concerns, increasing odds for a Fed taper announcement shortly. Get your market update from @CVecchioFX here:
Dollar Pushes EUR/USD to Verge of Breakdown Ahead of ECB, NFPs

Dollar Pushes EUR/USD to Verge of Breakdown Ahead of ECB, NFPs

John Kicklighter, Chief Strategist

Talking Points:

  • A market tuned in for hawkish rhetoric responded to Yellen's remarks Friday with a final push towards key USD levels
  • EUR/USD is a best-positioned major for a committed bullish or bearish move; but GBP/USD, AUD/USD and USD/JPY appeal
  • A dense economic docket the week ahead with fight with a holiday liquidity drain to start us off moving forward

See how retail traders are positioning in the majors using the FXCM SSI readings on DailyFX's sentiment page. See the standings in the Monthly FXCM Mini trading contest.

Rather than drift off into the weekend with little potential to draw traders' interests; the Dollar roped our attention with a final move that positions us for imminent breakout risk once the markets reopen. Fed Chair Janet Yellen lifted the Greenback from its pullback and positioned a few majors to the borders of key technical breakouts.

EUR/USD is the most pressing of the Dollar pairings with a close just above the combination of its 200-day moving average, channel floor from December and the mid-point of its year-and-a-half range. That said, the GBP/USD reversal, tentative NZD/USD break, lingering AUD/USD trend shift and USD/JPY wedge all deserve a watchful eye.

Looking ahead to the next trading week - and month - the sense of a transition to quiet conditions will be strong as we have the US and UK holiday Monday and the presumption of a quiet June to fulfill comfortable assumptions of a 'Summer lull'. However, there is a glut of event risk in the coming week and the breadth of major event risk moving forward through the month is more likely to usher in serious volatility and perhaps even heavy trends. We look at whats ahead for traders in this weekend 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.