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. See our updated Privacy Policy here.

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
Subscribe
Please try again
Wall Street
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
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/eaA8ZI6DVu
  • Chinese property development company Sinic Holdings (2103) - Down 87%...@DailyFXTeam #contagion #Evergrande https://t.co/h5mfwqGASZ
  • 🇪🇸 Balance of Trade (JUL) Actual: €-1.60B Previous: €-0.98B https://www.dailyfx.com/economic-calendar#2021-09-20
  • Heads Up:🇪🇸 Balance of Trade (JUL) due at 08:00 GMT (15min) Previous: €-0.98B https://www.dailyfx.com/economic-calendar#2021-09-20
  • Fitch on China Property Developers - View will turn negative if sales in H2 21 fall below that achieved in H2 19 and/or if sharp fall follows through to H1 22 - Government policies in sector remain tight and show no sign of imminent loosening
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/B0Y3XJhkRS
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/1xhewkdV21
  • (USD Weekly Tech) US Dollar Dominant Uptrend Back In Focus: EUR/USD, USD/JPY, NZD/USD, USD/CHF https://www.dailyfx.com/forex/technical/article/special_report/2021/09/20/US-Dollar-Dominant-Uptrend-Back-In-Focus-EURUSD-USDJPY-NZDUSD-USDCHF.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/IpwzBGCi7P
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/qv8keXFzHZ
  • Join @IlyaSpivak at 22:00 EST/2:00 GMT for his cross-market weekly outlook webinar. Register here: https://t.co/MKGHc9ae64 https://t.co/JMlT0Wn3DK
Trends to Extend; S&P 500, EURUSD & Gold/Silver Prices (Webinar)

Trends to Extend; S&P 500, EURUSD & Gold/Silver Prices (Webinar)

Paul Robinson, Strategist

Join Paul tomorrow at 10 GMT for “Becoming a Better Trader”, where he will discuss goal setting from a viewpoint not often taken. For a schedule of upcoming live events, see our webinar calendar.

In today’s webinar, we took a look at the trends which developed during November and have held strong into year-end. The combination of slow holiday trading conditions and extended markets has equated to a period of digestion. Recent trends may exhaust themselves not too far into January, but to begin we look for renewed market participation to continue the momentum.

More US dollar strength. EUR/USD is hanging out below former support formed during two key bottoms in 2015, and looking set to resume lower towards parity. GBP/USD is in a short-term ‘air pocket’ and may see sub 12100 this week. AUD/USD and NZD/USD are high on the radar for continued weakness. The latter having recently broken key support and not having much to the left until around 6700. USD/JPY has resistance around 119, but a break above opens the door for further upside to the 121-123+ area.

Gold and silver are showing no real signs of life in line with a consolidating US dollar. Lower prices look to be in store to start 2017. Gold to 1100 and lower, silver sub-15. On the upside, WTI crude oil doesn’t have a lot standing in its way until around 61.

Global indices are in extended territory – especially the Nikkei and DAX – but beginning of the year money flows could send them into loftier levels before becoming exhausted. The FTSE 100 is making an attempt on new record highs before the calendar flips. Continued strength there is expected. The S&P 500 is consolidating the move higher since the US presidential election, and poised to continue higher to start 2017.

For full considerations, please see the video above.

---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.

DISCLOSURES