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
EUR/USD
Mixed
Oil - US Crude
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • 🇨🇳 FDI (YTD) YoY (JUL) Actual: 0.5% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2020-08-13
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/6b3JtrSQnP
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/4hIQtGPL0N
  • Gold Prices May Resume Selloff After Digesting Largest Drop in 7 Years - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/08/13/Gold-Prices-May-Resume-Selloff-After-Digesting-Largest-Drop-in-7-Years.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold https://t.co/aWOvE1KJXc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.83%, while traders in US 500 are at opposite extremes with 77.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EQ77jevtaX
  • Heads Up:🇫🇷 IEA Oil Market Report due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-13
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/QPW1os7wbE
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.98% Gold: 0.60% Oil - US Crude: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gDZGfvBOHv
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇨🇭CHF: 0.22% 🇬🇧GBP: 0.21% 🇦🇺AUD: -0.01% 🇨🇦CAD: -0.03% 🇳🇿NZD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9IwXKOUieT
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.16% US 500: -0.17% Germany 30: -0.24% France 40: -0.50% FTSE 100: -0.96% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MtMyrT3zZY
Dollar Climb Pushes USD/JPY to 103, Gold and Oil Below Support

Dollar Climb Pushes USD/JPY to 103, Gold and Oil Below Support

2016-08-31 01:38:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

  • A strong US consumer sentiment survey helped lift the Dollar to a monthly high but market liquidity still a problem
  • The Pound continues to hold a remarkably restrained trading pattern despite a steady flow of post-Brexit data
  • Event risk is heavy over the next 24 hours with Fed speak, Asia sentiment surveys and EM GDP among other data

Harness the power of big data to evaluate millions of historical price points to calculate the probabilities of short-term market moves using the GSI Indicator.

Despite moving closer and closer to the climax of liquidity drain between structural moral hazard, Summer Lull and the US Labor Day weekend; the Dollar continues it climb. While Tuesday's advance was more restrained than the Yellen-encouraged Friday surge, it made for the strongest three-day USDollar advance since Brexit - and most productive climb outside of a dramatic event since November. In the meantime, volume behind the advance reflects the restraint on enthusiasm that we would expect of the surrounding conditions.

As the Dollar attempts to overtake is 200-day moving average, speculators hungry for trades may deemphasize the restraint that liquidity represents in pursuit of opportunities that are a logical stretch. This past session, additional fundamental motivation for the Dollar was provided by the Conference Board's US consumer sentiment survey which unexpectedly rose to a 12-month high for its September reading with the components showing improvement in expectations for business conditions, employment and wages. Ahead, a range of Fed speeches may keep attention affixed to speculation over a September or 2016 rate hike; but it will be difficult to muster the excitement that would clear 103 for USD/JPY or return EUR/USD to 1.1000. Range conditions with reasonable engagement periods are still more suited to current circumstances.

Elsewhere, risk trends are showing little progress - bullish or bearish - but the exposure is still heavily skewed towards speculative excess. Nothing on the docket stands out as a listing that can redefine investor sentiment across geographic location and asset type. Event risk in the form of UK economic performance post-Brexit, Chinese and Japanese sentiment surveys and key Emerging Market GDP readings can spur isolated volatility with meaningful surprises. From a technical perspective, gold and oil seem to signal important technical support fractures. However, the motivation seems attached to the Dollar and thereby abides its same limitations. We look to see which high-profile technical and fundamental developments are false harbingers and which may carry trade potential 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.

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.