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
Oil - US Crude
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 87.12%, while traders in France 40 are at opposite extremes with 74.18%. See the summary chart below and full details and charts on DailyFX:
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • Nasdaq 100 Rebounds as Tapering Fears Ease, Hang Seng and ASX 200 Climb
  • ANZ Bank sees New Zealand house prices increasing by 0.7% in 2022 - BBG
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more 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:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • Wall Street futures pointing slightly higher heading into morning Tuesday APAC trade: Dow Jones (+0.19%) S&P (+0.16%) Nasdaq (+0.11%) -BBG
  • Get our analysts’ view on the key fundamentals for Oil in Q2. Download now.
  • The Bullish Cup and Handle that has been brewing in $USDTHB for some time is now on the verge of breaking higher Pushing above key resistance (around 31.606) exposes the July 2020 high at 31.858 towards peaks from the same year Learn more here -
Dollar Bows to Technicals as Fundamental Drive Fades, ECB Up Next

Dollar Bows to Technicals as Fundamental Drive Fades, ECB Up Next

John Kicklighter, Chief Strategist

Talking Points:

  • With the services survey influence waning and support levels in view, the Dollar turned from its technical ledge
  • Dense UK event risk undermines clear trend with strong post-Brexit data signal with contrasting BoE mon pol view
  • Top event risk ahead is the ECB rate decision but the impact will likely measure higher for broad marketsthan Euro

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

Faced with significant technical support on a number of its crosses, the Dollar would submit to its boundaries as the pressure from fading rate forecasts eased from the previous session. Tuesday saw the sharpest decline for the Greenback in a month on data (the ISM service sector survey) that raised the threat of a recession - a fear which in turn would weigh the Fed forecasts which have controlled more of the currency's actions. Had the docket provided another torpedo a 2016 Fed rate hike or otherwise sunk the US economy into the mire of weaker peers, pairs like GBP/USD, USD/JPY and AUD/USD may have found their way to a significant break. Instead, broader market conditions cooled ambitions and Fed speak shored up rate speculation. Whether market conditions, fundamentals or technicals has the greater sway moving forward will decide whether there is trade potential on hand for the majors.

Meanwhile, the collective docket for the Pound looked like it held a clear opportunity for serious volatility and perhaps the definitive trend that the Dollar passed over. While the balance of data continued to show a post-Brexit stability for the UK, dovish rhetoric from BoE members offered countervailing winds. Ultimately, the Sterling would follow the USD's tracks and withdrawal from its extended - bullish compared to the Greenback's bearish - position. Following the RBA and BoC rate decisions earlier this week, the European Central Bank (ECB) decision ahead is top listing on the monetary policy front for the week. Arguably the most extreme dove amongst the major central banks, the policy group is stretched then on options and credibility. Unlikely to further expose itself, the rate decision is unlikely to be a catalyst for the Euro, but it will be crucial to gauging global monetary policy's influence over the financial system. We look at what's moving and what's tradable 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.