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
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
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Australian Dollar plunged for a fifth week but held key downtrend support at the yearly lows. Get your weekly AUD technical forecast from @MBForex here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Last week’s march higher in EUR/USD may well extend further after Friday’s Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy. Get your weekly Euro forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Cable is pulling off after a strong run; near-term weakness may be the theme before trying to rally again. Get your weekly GBP technical forecast from @PaulRobinsonFX 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:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
Trading Video: A Return to Risk Focus from SPX to Dollar to Pound

Trading Video: A Return to Risk Focus from SPX to Dollar to Pound

John Kicklighter, Chief Strategist

Talking Points:

  • The Brexit hangover will last for a while, but its primary influence over risk trends is already diminishing
  • With the sentiment needle already moving; minding the big-picture, unresolved threats is crucial
  • Trading should be focused on volatility, but 'tactical' approach should not be too short-term or tech-oriented

See how retail traders are positioning in the majors using the SSI readings on DailyFX's sentiment page.

Markets are normalizing from the pyrotechnics last week. That doesn't mean, however, that we should revert to the same style of trading that was optimized to pre-Brexit conditions. Volatility is still high historically, and there is a growing consciousness of the expanding global risks with increasing cynicism over policy authorities' ability to keep the markets quiet. These are conditions ripe for the development of larger and more systemic trends - particularly large scale risk aversion. However, trading for the time frame / volatility / analysis orientation / theme that is before us is crucial.

There is still certainly global influence to draw from the Brexit aftermath, but its preeminence in the fundamental ranks will certainly fade. The procedural side of the event will take over for the volatile speculative reaction, and the Sterling should stabilize to some degree. That doesn't mean quiet trading, but it does mean less extreme erraticism. The Euro's fundamental exposure in contrast will continue to build on this outcome as the implications of European Union and Monetary Union (single currency backdrop) stability are put into deeper relief. EUR/USD is standing at its 200-day moving average and contemplating its primary fundamental bearing.

Meanwhile, the focus and anxiety surrounding 'risk' itself will remain with a higher resting rate of normal. That intensifies the threat of triggering a systemic sentiment move. We have seen Brexit headlines carry the market's fear; but there are plenty of issues that can take up the baton for influence. Failing confidence in monetary policy, recognition of a stretched speculative market, or even specific concerns like a renewed China threat are probable sparks. This theme will be particularly important for trading equities, Yen crosses, Dollar, commodities - and certainly crucial in aligning these different assets. We look at the tradable landscape going forward 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.