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
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
  • $GBPUSD crossed back above 1.3600 as the pair recovers from weakness yesterday and last week. The 1.3600 area has repeatedly come into play on the pair since mid December. $GBP $USD
  • BoE Chief Economist Haldane: - Bounceback from Covid may be sharper than after financial crisis - BoE is not engaging in monetary financing - QE is temporary action to keep borrowing costs low #BoE $GBP
  • US Indices have held onto their earlier gains as the trading day continues. DOW +0.51% NDX +1.35% SPX +0.82% RUT +1.15% $DOW $QQQ $SPY $IWM
  • The price of gold trades below the 50-Day SMA ($1859) once again as the V-shape recovery from the November low ($1765) unravels. Get your $XAUUSD market update from @DavidJSong here:
  • webinar starting right now - topics up for discussion today: 1. Did USD just top? 2. Resistance at prior support EUR/USD 3. How long might USD pullback run for? starting right now -
  • Treasury Sec. nominee Yellen: Cryptocurrencies are of a particular concern for money laundering and terrorists financing. $BTC
  • Treasury Sec. nominee Yellen: Low interest rates are "likely for a long time." $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 66.53%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇬🇧 BoE Haldane Speech due at 18:00 GMT (15min)
  • Heads Up:🇮🇹 Italy PM Confidence Vote in Parliament due at 18:00 GMT (15min)
Technical Focus: USD-pairs (EURUSD, NZDUSD, USDJPY), Gold/Silver & More

Technical Focus: USD-pairs (EURUSD, NZDUSD, USDJPY), Gold/Silver & More

Paul Robinson, Strategist

The US Dollar Index (DXY) is holding up fairly well after breaking out above the 2015 highs, with a couple of different pattern sequences potentially developing. The bearish scenario we looked at looks the least probable at this time, but if important support doesn’t hold then sellers could step in and send the dollar lower.

EURUSD is a mirror of the DXY for an obvious reason, it makes up roughly 58% of the index. We are watching a couple of key developments there to tell us whether a larger correction could take shape or a trend resumption is on the horizon. GBPUSD has less clarity in direction, but clean levels to watch. AUDUSD and NZDUSD rebounds are both at critical junctures, with the latter at a good inflection point for those looking for it to turn lower. USDJPY broke above a key area in the 111s last week, and is now holding it as support thus far. We will respect trend and support until it fails. USDCAD is a mess, we will revisit at a later time when it cleans itself up.

As far as gold and silver go, they are trading nearly 1-to-1 in the opposite direction of the dollar right now. Gold is treading below former support (now resistance) between 1190 & 1200, which favors more weakness. Silver is mirroring the dollar with its pattern sequence. We touched a little on trading the dollar and precious metals given their high inverse relationship and the managing risk which comes with it.

Crude oil has been swinging wildly around OPEC headlines and is a market we are generally avoiding for now.

On Friday, we have the monthly US jobs report, which could be a catalyst to spur the next directional move in the dollar and related markets, but with expectations around 100% for a rate hike in December, the reaction and subsequent move may be small and/or short-lived.

Join me on Friday (12/2) at 10 GMT for a run-through on my game-plan heading into NFPs, as well as a look at other potential trading opportunities.

For a full list of upcoming live events, please see our webinar calendar.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

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