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.



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
More View more
Real Time News
  • Gold holding steady as stocks, dollar remain relatively flat during trade $XAU $USD
  • The US economy will be in particular focus over the coming days, with the first Federal Reserve rate decision of the Biden presidency and the initial Q4’20 US GDP report on the docket. Get your market update from @CVecchioFX here:
  • Germany will not be able to stick to debts limits in constitution for years - Handelsblatt
  • The FTSE 100 has extended its pullback from trendline resistance (stemming from the 2009 low) with the index shedding 0.6% for the week. Get your #FTSE market update from @JMcQueenFX here:
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Gold: -0.01% Oil - US Crude: -0.02% Silver: -0.48% View the performance of all markets via
  • WTI Crude futures settle up 0.96%, at $52.77 - BBG
  • I'm not usually big with head and shoulders patterns but there are conflicting signals in $USD atm. 1st chart here is on h4 and it's a h&s with neckline ~ 90. 2nd chart is on h8, and its an inverse h&s with neckline ~ 91. Given calendar, a break this week can def happen.
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 66.31%. See the summary chart below and full details and charts on DailyFX:
  • Today was the 'quiet' session of the week with only a few high profile indicators on tap. The high profile fundamental themes start up in earnest tomorrow (including the IMF's WEO). We will see how speculative charge for the likes of GME competes with global growth forecasts
  • US Dollar Head and Shoulders Pattern, Focus on USD/CAD, NZD/USD
Sentiment May be More Troubled than S&P 500 Technicals Suggest

Sentiment May be More Troubled than S&P 500 Technicals Suggest

John Kicklighter, Chief Strategist

Talking Points:

• The winds of risk aversion picked back up this past session and many assets are closer to the edge than the SPX

• China's trade figures may have been 'better than expected', but it was the FX pressure that improved most

• Oil has extended its incredible tumble to an even deeper trough of sentiment with multi-year lows

What are the Traits of Successful Traders? See what our studies have found to be the most common pitfalls of retail FX traders.

Risk aversion was one of the most present fundamental themes in price action this past session. A drop in sentiment-linked assets was uniform and substantial. However, when we look at the sparse rise in the VIX or the S&P 500's distance to major support at 1,850, the sense of pressure is not that severe. Yet, when we look around, the technical considerations from other benchmarks is on the cusp. Global equity indexes (DAX, FTSE100, Nikkei 225) and Yen crosses (I prefer USDJPY, GBPJPY and EURJPY) are standing right on the ledge. We should not consider the measuring stick more important than what we are measuring. Meanwhile, the most prominent motivator for sentiment - China - actually saw pressure ease while commodities continue to pain traders in the space. We discuss all of this and more in today's Trading Video.

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.