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
EUR/USD
Mixed
Oil - US Crude
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
Wall Street
Bullish
Gold
Bearish
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
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.29% 🇯🇵JPY: 0.08% 🇨🇭CHF: 0.00% 🇦🇺AUD: -0.15% 🇪🇺EUR: -0.18% 🇨🇦CAD: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/gpL0CBYyXO
  • Heads Up:🇺🇸 Continuing Jobless Claims (25/JUL) due at 12:30 GMT (15min) Expected: 16720K Previous: 17018K https://www.dailyfx.com/economic-calendar#2020-08-06
  • Heads Up:🇺🇸 Initial Jobless Claims (01/AUG) due at 12:30 GMT (15min) Expected: 1415K Previous: 1434K https://www.dailyfx.com/economic-calendar#2020-08-06
  • Heads Up:🇺🇸 Jobless Claims 4-Week Average (01/AUG) due at 12:30 GMT (15min) Previous: 1368.5K https://www.dailyfx.com/economic-calendar#2020-08-06
  • BoE's Bailey says there is an awful lot of risk to the downside in forecasts $GBP
  • 🇧🇷 Unemployment Rate (JUN) Actual: 13.3% Expected: 13.2% Previous: 12.9% https://www.dailyfx.com/economic-calendar#2020-08-06
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/N5fcjBhOEn
  • Heads Up:🇧🇷 Unemployment Rate (JUN) due at 12:00 GMT (15min) Expected: 13.2% Previous: 12.9% https://www.dailyfx.com/economic-calendar#2020-08-06
  • The Evening Star candlestick is a three-candle pattern that signals a reversal in the market and is commonly used to trade forex. Learn more about the evening star candlestick pattern here: https://t.co/8OTE7m01IG https://t.co/BRy0FDszMS
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.84%, while traders in US 500 are at opposite extremes with 75.71%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/23c8kbQg3I
Webinar: USD & JPY Price Action Setups Post-NFP

Webinar: USD & JPY Price Action Setups Post-NFP

2016-08-09 19:20:00
James Stanley, Strategist
Share:

Talking Points:

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

- the U.S. Dollar has been volatile of recent, falling after last month’s FOMC statement and abysmal GDP report, and then strengthening after last week’s NFP release. This raises numerous questions on near-term direction of the U.S. Dollar.

- While the Fed may not be near actually raising rates in September, the simple fact that they aren’t as dovish as many other Central Banks could equate to USD strength on the back of the Federal Reserve being simply ‘less dovish’ than the much of the rest of the world. This could necessitate a stance of dovishness from the Fed moving forward, so as not to trigger a rush of capital into the U.S Dollar in anticipation of higher rates. This may be why USD rallies have been sold so quickly while bad data has brought on a continuous-deluge of lower prices.

- We looked at price action setups in EUR/USD, GBP/USD, USD/JPY and then USD/CAD in regards to the recent volatility around USD; and then we looked at the precept of playing a reversal of Yen-strength in front of the Bank of Japan’s next meeting in September.

- While Europe and the U.K. are in the midst of extremely-dovish monetary policy, Japan largely underwhelmed at their last meeting after stoking expectations for a ‘comprehensive, bold economic stimulus program’ coming this fall (from the words of Japanese PM Shinzo Abe). While the most recent meeting didn’t bring much by way of new information, the BoJ meets again in September, reports just 12-14 hours ahead of the next FOMC rate decision, and could be opportune time for the Bank of Japan to ramp up efforts. And even if they don’t the likely anticipation of such leading into this meeting could be enough to carry short-Yen positions should this theme begin to show prominence.

- If you’re looking for trading ideas, check out our Trading Guides. And if you want something more short-term in nature, check out our SSI indicator. If you’re looking for an even shorter-term indicator, check out our recently-unveiled GSI indicator.

--- Written by James Stanley, Analyst for DailyFX.com

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

Contact and follow James on Twitter: @JStanleyFX

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

DISCLOSURES

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.