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
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
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.22% Gold: -0.76% Silver: -1.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fRX841FAfC
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.16% 🇬🇧GBP: -0.56% 🇨🇭CHF: -0.60% 🇯🇵JPY: -0.89% 🇦🇺AUD: -1.47% 🇳🇿NZD: -1.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/nZKnhhjNMy
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.19% Germany 30: -0.28% France 40: -0.32% Wall Street: -1.32% US 500: -1.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/FbBNVFy3wI
  • #Oil Price Outlook: #Crude Surges- $WTI Bulls Eye Major Breakout at May High - $CL Levels - https://t.co/E2sHJaB18y https://t.co/buFh4TfEpG
  • Going live shortly at the link below! Talking inflation, the Fed and what it all means for the $SPX and $NDX and $GLD https://t.co/E2HHhB5GWD
  • The Dollar's rebound following the CPI release is re-forming the 'right shoulder' on the $AUDUSD's Head-and-Shoulders pattern that has been developing throughout 2021. Run up started with the Mar 19, 2020 reversal low, so a lot to correct if 0.7550 eventually gives https://t.co/NrAU370cwl
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.06% 🇬🇧GBP: -0.35% 🇨🇭CHF: -0.59% 🇯🇵JPY: -0.71% 🇦🇺AUD: -1.22% 🇳🇿NZD: -1.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SqTzV7xT3f
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.18% Germany 30: 0.72% France 40: 0.64% Wall Street: -0.84% US 500: -1.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/t2cIOfCEmP
  • Hey traders! The top story is US inflation figures. What other data are we banking on? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/5g8GYPuFks
  • US Dollar bulls send the broader DXY Index sharply higher following red-hot inflation data. Get your market update from @RichDvorakFX here:https://t.co/27CGGOsTxh https://t.co/3uERS5kICD
Is This Trend or Correction for Dollar, S&P 500, EURGBP?

Is This Trend or Correction for Dollar, S&P 500, EURGBP?

John Kicklighter, Chief Strategist

Talking Points:

• All freely floated markets move with shifting trends, with corrections and ultimate reversals

• Distinguishing between trend and correction is best served through technical and fundamental analysis

• We look at the recent rallies for the AUDUSD, S&P 500 and EURGBP as well as the USDollar slide in this context

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

No market moves in a straight line. Trends are interspersed with periods of correction which charge debates over whether true reversals are underway. Establishing whether we are trading with the prevailing wind or one of the temporary periods of reprieve should dictate a lot about the approach we take. In periods of corrections/retracements/'noise'; trading time frames should be shortened, objectives placed more conservatively and our confidence level cutoff should be significantly higher. Conversely, when placing trades that follow the prevailing trend; considerations of time, objective and stringent entry criteria can be relaxed. How do we differentiate correction from new trend? We discuss that in today's Strategy Video using the S&P 500, Dollar, AUDUSD and EURGBP to illustrate.

Sign up for John’s email distribution list, here.

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

DISCLOSURES