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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.08%, while traders in France 40 are at opposite extremes with 70.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/15tLCxUZn4
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/jF2isjXGba
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.07% 🇨🇭CHF: 0.05% 🇦🇺AUD: -0.00% 🇨🇦CAD: -0.06% 🇳🇿NZD: -0.07% 🇯🇵JPY: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/B0rRcDvXfo
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.73% Germany 30: 0.71% FTSE 100: 0.67% US 500: 0.48% Wall Street: 0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/6Ds7o5Hf8V
  • The buy-the-dip crowd stepped in to keep the likes of the Nasdaq from tipping critical breaks this past session post CPI. The Dollar held onto its gains a bit better. Watching $USDCAD as a run of US data weighs in on the chance for a climb: https://www.dailyfx.com/forex/video/daily_news_report/2021/05/14/Nasdaq-Drawn-Between-Buy-the-Dip-and-Inflation-Fears-Dollar-Hits-Another-Wave.html https://t.co/T0d7cQUg8j
  • The US Dollar may fall versus ASEAN currencies if dovish Fed speak extends the boost in sentiment after a huge miss in non-farm payrolls. USD/PHP is eyeing the Philippine Central Bank. Get your market update here:https://t.co/BKjG92HWzX https://t.co/8MhgacRMO9
  • 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
Technical Focus: SPX Trendline Hold and Nikkei Trap?

Technical Focus: SPX Trendline Hold and Nikkei Trap?

Jamie Saettele, CMT, Sr. Technical Strategist

The S&P 500 has been trading lower to sideways since March 1. This is the first test for the rally that began following the election of Donald Trump. Daily RSI has moderated from above 85 to near 40, which is consistent with a ‘normal’ dip within an uptrend. A trendline continues to hold as well. In fact, the low in Asia on Thursday held this line to the tick. None of this means that the line can’t break but predicting a break isn’t a great idea either. IF the support line does break, then the next area of interest is probably near 2300 and there would be specific levels to pay attention to for resistance on a bounce (the underside of a line that was just support). For all we know, the drop from March could morph into additional sideways trade on the way to new highs. Hopefully, we’ll have a better idea over the next few days.

The most interesting action from my vantage point today was in the Nikkei. Nikkei index futures traded below the January 18th range for a time during Asia to trade to their lowest level since December 7th. Futures closed US trading over 200 points off of the intraday low, above a trendline, and back within the three and a half month range. This ‘action’ (breaking a barrier on an intraday basis and closing on the other side) may indicate a bear trap. This market, along with Yen crosses, warrants attention over the next few days.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES