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.

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
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
Oil - US Crude
Bearish
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
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
USD/JPY
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
More View more
Real Time News
  • Bearish Gartley Pattern Hints at Downward Potential for Nas100 - #NDX chart https://t.co/37TnsEsOqf
  • Japan's Aso: - Around 4 trillion Yen left in reserve funds - It is unlikely that reserve funds will be insufficient - BBG $USDJPY
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.15% Oil - US Crude: -0.48% Silver: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/9IUnKsOJmx
  • Global stock markets may see turbulent volatility if darkening clouds over Washington’s relations with Beijing turn into a geopolitical storm. Which assets will be the lifeboat? Find out here:https://t.co/RkFI6qAyik https://t.co/dS3yMypxer
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.05% 🇨🇭CHF: 0.03% 🇦🇺AUD: 0.02% 🇨🇦CAD: -0.04% 🇳🇿NZD: -0.08% 🇯🇵JPY: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8RjWgZnVuC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.19%, while traders in France 40 are at opposite extremes with 70.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/V8ZnsZ4edi
  • S&P 500 Index Rebound May Offer Relief for Nikkei 225 and ASX 200 https://www.dailyfx.com/forex/market_alert/2021/05/14/SP-500-Index-Rebound-May-Offer-Relief-for-Nikkei-225-and-ASX-200.html https://t.co/ZnGfxTKewh
  • Update on #Cryptocurrencies #BITCOIN +1.94% #BITCOINCASH +5.98% #ETHEREUM +3.83% #RIPPLE +4.27% #LITECOIN +4.10% #DOGECOIN +10.44%
  • The British Pound gained aggressively, placing the focus on levels that may send GBP/USD and GBP/JPY lower, with EUR/GBP still open to a turn higher. Will Sterling’s advance continue? Get your $GBP market update from @ddubrovskyFX here:https://t.co/PHoCHVc20M https://t.co/NKKwqiEESG
  • RT @FxWestwater: #Corn had quite the day, with a big limit-down drop after the USDA #WASDE report forecasted higher ending stocks. https://…
Expect Dollar, Euro, Pound Volatility but Question Trend Amid Heavy Event Risk

Expect Dollar, Euro, Pound Volatility but Question Trend Amid Heavy Event Risk

John Kicklighter, Chief Strategist

Talking Points:

  • A few sparks of volatility from the Euro and Pound aside, this past week was one of anticipation
  • Event risk overloads the calendar in the week ahead which can trip up trends as readily as it produces volatility
  • Dollar, Euro, Pound are key currencies to watch with US, UK, French GDP; ECB and BoJ rate decisions; French elections

See how retail traders are positioning in the majors using the DailyFX speculative positioning data on the sentiment page

From start to finish, the coming trading week is loaded with high profile event risk - the type that can readily produce extreme volatility and even develop trend with theproper outcome. However, before we set out trade setups that would require exceptional scenarios, we should consider what can happen to markets and our trades should the unforeseen materialize. A defensive posture serves well when the chances of extreme market movement are high but the conviction of trend are highly uncertain. As always, the best trade options come from those trades that make it through a gauntlet of fundamental, technical and market condition analysis. Yet, we should also mind the environment which is better attuned to measured size, shorter duration, reasonable targets and forgiving stops.

Preparing for the storm to hit this week, the most at-risk currency will be the Euro. We are facing rounds of critical event risk. From the first tick of active trade in the Tokyo session will see EUR/USD respond to the results of the first round French election. As with the Brexit and US Presidential votes before it, this result will have two general outcomes: status quo or massive change. The former would come with a centrist majority or coalition that will keep the country more-or-less on track with its Eurozone and EU relationships. The latter reflects the interpretation should National Front come out ahead with the threats of referendum votes to withdrawal from the Union and Euro-area. Such an outcome would pose an extreme threat to the Euro's perceived stability as a reserve currency which can impact all its counterparts and risk trends itself. Even if we pass through the election without extreme market moves, we still have GDP readings from France and Spain as well as the ECB rate decision that can have a go at shaking things up.

The Euro isn't the only currency looking to experience volatility. The Pound and Dollar face their fundamental deluges. For the Sterling, a range of Brexit discussion between UK (Prime Minister, Chancellor, Brexit Minister) and EU officials is penciled in. The UK 1Q GDP release on Friday will give the shape of economic picture to a heavily trade-focused market - though genuine Pound movement will follow Brexit conclusions. For the Greenback, there is scheduled and unscheduled threats ahead. To close this past week, the Trump administration again stated tax reform proposals could be released in the coming week; yet the market is far more fastidious about its speculative run on policy promises. Meanwhile, US 1Q GDP, consumer confidence, Fed speak and an assortment of data will offer more measurable milestones. These happen to be the most loaded currencies and dockets, but there is plenty more ahead. We prepare for the volatile trading period ahead in this weekend Trading Video.

Expect Dollar, Euro, Pound Volatility but Question Trend Amid Heavy Event RiskExpect Dollar, Euro, Pound Volatility but Question Trend Amid Heavy Event Risk

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