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.

Free Trading Guides
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
  • The $USD is falling against #ASEAN currencies such as the Singapore Dollar and Indonesian Rupiah as stock markets rise. Watch out for US-China escalation and Brexit talks. Get your market update from @ddubrovskyFX here:https://t.co/PziC8KZaIC https://t.co/IhJHu2WCVZ
  • For those who argue a bullish case for stocks... Let me counter with a single chart of the gold to S&P 500 ratio. Looks to me like risk-reward favors bullion over equities. $XAU $GLD https://t.co/6qiSh8E0ht https://t.co/lKViSEnrMc
  • - Silver prices could pull back as negative RSI divergence shows slowing momentum - Copper prices have risen over 20 percent, are now trading above 17-year uptrend - Monthly perspective show the base metal has entered into a key compression zone https://www.dailyfx.com/forex/market_alert/2020/06/02/Silver--Copper-Prices-Enjoyed-a-Nice-Ride---Is-it-Time-to-Get-Off.html
  • What is it about a colorful Bloomberg Terminal that is so satisfying to look at? https://t.co/Qtv9wwQv75
  • I have finally found a way to express the social climate in San Francisco and the effects of peer pressure: https://t.co/yYFXFHG2Lb
  • The US Dollar, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop.Get your market update from @ZabelinDimitri here:https://t.co/L8cfAgVx94 https://t.co/vwChirq7SL
  • S&P 500 Forecast: Stocks Face Peril as Day of Reckoning Looms Link: https://www.dailyfx.com/forex/fundamental/article/special_report/2020/06/01/spx-sp500-forecast-stocks-face-peril-as-day-of-reckoning-looms.html $SPX $SPY $ES_F #StockMarket #Investing #Analysis https://t.co/sufK8mMtD4
  • #ASEAN currencies (such as SGD, IDR, PHP and MYR) are relatively outperforming the #USD at a stronger pace than the Indian #Rupee vs the Greenback. This is despite notable gains in the MSCI #EmergingMarkets Index. Full $USDINR, #Nifty piece to come later today! https://t.co/n0SlkfnYOV
  • Seasonal factors, oversupply issues and the outbreak of COVID-19 has seen the price of liquefied #naturalgas (LNG) fall to 22-year lows (1.519), with the situation exacerbated by ‘fuller-than-normal’ storage facilities. Get your market update here:https://t.co/VOqfkBQ4aR https://t.co/9gFVefFC3w
  • ⬇️Asia-Pacific Preview⬇️ - Wall Street buoyancy may spill over into Asia as investors shrug at domestic unrest - AUD and #NZD could rise with APAC stocks despite HK risks - #AUDUSD blew past key resistance and may now challenge multi-week swing-high https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/06/01/AUD-NZD-May-Rise-With-APAC-Stocks-Ahead-of-RBA-Rate-Decision.html
Webinar: Markets Likely to Keep Trends Intact for Now (DAX, S&P 500, DXY, Gold)

Webinar: Markets Likely to Keep Trends Intact for Now (DAX, S&P 500, DXY, Gold)

2016-12-21 11:39:00
Paul Robinson, Strategist

Join me next Wednesday (12/28) for the year’s final session, where we will take a look ahead to January.

In today’s session, we discussed the quiet market conditions which are upon us with the holiday season going into full swing. Several trends into year-end are poised to remain intact in the absence of a good reason for a significant reversal.

Looking at the US Dollar Index (DXY), it’s at elevated levels, but looks headed for sustaining a bid on dips until the calendar flips. EUR/USD is trading below key long-term resistance and likely headed lower with top-side levels to keep it subdued. AUD/USD, NZD/USD have made strong moves, breaking good support levels, which now turns those into resistance. There is still room to the downside, keeping those two pairs front and center. USD/JPY is caught between pretty solid resistance and support. It’s likely to stay bid, but has its work cut out for it near 119 if it’s to continue higher. In the 116 area lies support. EUR/AUD is a cross we have been watching closely in recent weeks; a bearish descending wedge is still taking shape, but unlikely to break through the bottom-side (if it is to do so) until January.

Gold remains weak and has a short-term line of resistance which has received good price action around. Looking for it to maintain below for further weakness. Yesterday, silver looked headed to enter another air pocket below 15.80 and headed towards sub-15 levels, but reversed course as it broke lower. The reversal day was an excellent example of why waiting for a the close of a bar below support or above resistance is prudent when looking for a breakout beyond key levels.

Crude oil found support on the Feb trend-line recently, back above intermediate-term levels. It’s a bit indecisive here, we will need to wait for further developments before drawing any concrete conclusions.

Global indices remain well-bid and are likely to stay so through year-end. Any dips which develop in the Nikkei, DAX, FTSE 100, and S&P 500 will in all likelihood be met with buyers in the absence of a catalyst to turn their trends.

Beginner and Advanced Trading Guides

---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.


News & Analysis at your fingertips.