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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
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
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/AiLoS7DrEQ
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/3Wked6GBOp https://t.co/HicBmGrokK
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:https://t.co/7kPzAoNoLG https://t.co/5lbyBJeeA7
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/lAFyv1gM0P https://t.co/ubLimoYAcr
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:https://t.co/QQwAZTxZFg https://t.co/4cRhRCiv3C
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:https://t.co/3UIKmbLIvD https://t.co/PY2YyH4vkQ
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:https://t.co/3wsYlSxd26 https://t.co/z2qB9p8IgX
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook! https://t.co/kAvpnb0EXO
  • 4 consecutive down weeks for the #SP500, last matched over a year ago #Fed balance sheet continues to gain very cautiously, now at its highest since the middle of June. Still, at slower pace than last week Focus shifts to US fiscal stimulus next week in the House of Reps https://t.co/f8zpSILm86
  • #Gold prices have broken lower and while the broader technical structure is constructive, the risk remains for a deeper correction before resumption. Get your $XAUUSD technical analysis from @MBForex here: https://t.co/7p3jPx6nQd https://t.co/nnCSdt6OV5
Webinar: NFP - Price Action Preview

Webinar: NFP - Price Action Preview

2016-09-01 20:05:00
James Stanley, Strategist
Share:

Webinar: NFP Price Action Preview

Talking Points:

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

- In this webinar, we used price action to analyze macro markets ahead of tomorrow’s Non-Farm Payrolls report out of the United States. We had discussed this topic in-depth in this morning’s Market Talk, which you’re certainly welcome to read at the following link: Will NFP Motivate or Obliterate the U.S. Dollar?

- On the long-USD side of the coin, we looked at markets that have been most accommodative to that theme since last Friday’s USD-reversal, and one of the more attractive areas has been against the Japanese Yen. We had looked at a setup a couple of weeks ago that eventually began to work, and should USD-strength persist, this could continue to be an attractive venue to look for that theme as the Bank of Japan is unlikely to be nearing hawkish monetary policy anytime soon.

- We then moved on to look at the potential for USD-weakness. This has been somewhat of a running theme throughout this year, when rate hike expectations have driven the Dollar higher, strong reversals took place as a single negative data print made rate hikes looks much less likely. This happened with NFP on June the 3rd, and again on July 29th with U.S. GDP. This could happen with Non-Farm Payrolls tomorrow as well, so we wanted to look at the weak side of the Dollar in the effort of balancing exposure.

- For weak USD-plays, we looked at GBP/USD, USD/CHF and Gold; all setups that we had written technical pieces on yesterday, and are certainly available from the links below:

GBP/USD Technical Analysis: Carney’s Lament

USD/CHF: One’s Trend is Another’s Range

Gold Prices Sink to Deeper Support, is More Pain to Follow?

--- 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