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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 🇯🇵 Tertiary Industry Index MoM (FEB) Actual: 0.3% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2021-04-20
  • (Special) Canadian Dollar Analysis, Will Momentum Continue? USD/CAD, GBP/CAD, CAD/JPY #CAD $USDCAD $GBPCAD $CADJPY https://www.dailyfx.com/forex/technical/article/special_report/2021/04/20/Canadian-Dollar-Analysis-Will-Momentum-Continue-USDCAD-GBPCAD-CADJPY.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/k9OXz7Xc0G
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UfoNfSgu16
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.44% 🇳🇿NZD: 0.38% 🇨🇦CAD: 0.30% 🇨🇭CHF: 0.05% 🇯🇵JPY: 0.03% 🇬🇧GBP: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LY6p1GMAIY
  • Heads Up:🇯🇵 Tertiary Industry Index MoM (FEB) due at 04:30 GMT (15min) Previous: -1.7% https://www.dailyfx.com/economic-calendar#2021-04-20
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.20% US 500: 0.14% FTSE 100: -0.02% Germany 30: -0.04% France 40: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/JfhA2eyx8v
  • 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: https://t.co/kODPAfJE79 https://t.co/KRWQChtT4q
  • The Dollar took out the 50-day moving average to start the week and we are now slipping through the 100 DMA to start Tuesday trade. Watching $USDJPY, GBPUSD and earnings into Tuesday trade https://www.dailyfx.com/forex/video/daily_news_report/2021/04/20/Dollar-Breaks-USDJPY-and-GBPUSD-Technical-Barriers-Earnings-and-Dogecoin-on-Deck.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/w9Wc3qSMtN
  • Australian Dollar Price Outlook: AUD/USD, AUD/JPY, AUD/NZD, AUD/CHF - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2021/04/20/Australian-Dollar-Price-Outlook-AUDUSD-AUDJPY-AUDNZD-AUDCHF.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $AUD $AUDNZD $AUDUSD $AUDJPY
  • $AUDUSD, Australian govt. bond yields rising after #RBA minutes They mentioned a 1st step to tapering 'is likely to occur end of June' when TFF is likely to end They also said they may consider extending it amid deterioration in financial system, but signs are currently missing https://t.co/ROgYfwKOub
Doubt Hounds S&P 500 at Record Highs, Dollar Readies for US CPI

Doubt Hounds S&P 500 at Record Highs, Dollar Readies for US CPI

John Kicklighter, Chief Strategist

Talking Points:

  • Risk appetite climbed Monday with S&P 500 hitting a fresh record, but doubt continues to slow sentiment's progress
  • Yen crosses have been slow to follow in the wake of equities and other 'risk' trades, complicated by Japan 2Q
  • Dollar and Pound face July inflation statistics which may stoke volatility via monetary policy speculation

What are the Traits of Successful Traders? See what our studies have found to be the most common pitfalls of retail FX traders.

The quiet that plagued the markets last week carried into Monday. While the S&P 500 led the charge to new highs among risk-oriented markets, there was little momentum or volume to bolster the level of conviction in the advance. This reticence should influence our approach and expectations to trades. While the persistence of the yield chase is remarkable, it rouses a fraction of the enthusiasm it mustered in the past two months. Long risk views should be kept under close vigilance with both objectives and stops kept at reasonable distance.

Top scheduled event risk through the opening session was the Japanese 2Q GDP reading. The world's second largest economy (debatable considering China) stalled through the previous quarter, leveraging the sense of need the Japanese government and central bank referred to when they announced their respective installment of the most recent stimulus. Yet, that does little to clear the way for the next Yen move. The most recent boost to support came after the close of the third quarter, and more would not insinuate 'more effective'. USD/JPY and Yen crosses are bound to risk trends, but they are struggling to keep pace with equities, high-yield fixed income and other benchmarks in the same classification.

Ahead, the docket looks to stir the pot with event risk that has shown a range of influence over the Dollar, Pound, Euro and Aussie Dollar over the recent pace. In particular, the US and UK inflation statistics will rouse rate speculation for their respective currencies. The Dollar would see the heavier reaction to a hawkish outcome while the Sterling would be more reactive to a dovish signal. While the data can stir volatility, it will still be tough to overcome the pull of skepticism and complacency. We discuss these market conditions and the opportunities they shape 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