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.



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
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your $AUD market update from @ddubrovskyFX here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • The gold price rebound keeps XAU/USD within the confines of the August downtrend. From a trading standpoint. Get your $XAUUSD market update from @MBForex here:
Video: Euro and Oil Quiet Through ECB and OPEC, Now for NFPs...

Video: Euro and Oil Quiet Through ECB and OPEC, Now for NFPs...

John Kicklighter, Chief Strategist

Talking Points:

  • The Euro slipped after ECB holds its ground, pulling EUR/USD back towards 200-day MA and holding EUR/GBP H&S break
  • NFPs is top event risk ahead with both US equities and Dollar wrestling with resistance
  • OPEC's meeting ends without reductions in output - as expected - and oil's lack of reaction shouldn't reassure

Having trouble trading in the FX markets? This may be why.

We are at a point where the market must seriously weigh convictions. With the S&P 500 just below record highs, Dollar just below its 200-day moving average and oil holding below 50; a complacent climb is no longer an option. Generating the kind of conviction necessary from these levels - bullish or bearish - is no small task. The crowd needs to get behind the move, and that is especially true if we are clearing resistance on any of these market benchmarks.

Neither the ECB rate decision nor OPEC would give a firm footing for decisive moves behind bigger themes like general risk trends or divergent monetary policy. As expected, the central bank maintained its bearing after taking extraordinary steps in December and March - and merely maintaining its exceptional accommodation doesn't seem to be enough. OPEC once again rejected rumors and committed to no production limits.

The NFPs ahead may very well turn in an in-line outcome. However, the deeper veins this event risk taps may leverage the impact of the data regardless of the outcome. Focus on US monetary policy has intensified sharply over the past three to four weeks. The Fed is making a concerted effort to warn that a hike is a high probability at either the June or July meeting; and the implications reach far wider than just the US Dollar. Divergent monetary policy across the world's largest players can lead to blowback to struggling doves and undermine global risk trends. We look at the fundamental scenarios ahead alongside the key technical levels 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.