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
  • (Asia AM) The Japanese #Yen and US Dollar sank as the Australian Dollar rose despite escalating US-China tensions over Hong Kong. $USDJPY may be readying to turn lower after clearing support - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/05/26/Yen-Sank-Despite-US-China-Hong-Kong-Tensions-USDJPY-May-Fall.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/GxJ7D7W5Ov
  • RBNZ's Orr: Sees 'more room to go' on home loan interest rates -BBG
  • The $AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal. Get your market update from @ZabelinDimitri here:https://t.co/LkEFJViPWY https://t.co/6QH27c5ZHS
  • RBNZ's Orr: Expects credit demand to lift and bank lending to match greater credit demand -BBG
  • RBNZ Governor Adrian Orr: Sees more room for banks to increase lending, banks have done well with loan restructures -BBG $NZDUSD #RBNZ
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/12:00 AM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTCTm44 https://t.co/AyCMqK52oa
  • BoC's Poloz: Negative rates needed only in extreme conditions, extreme conditions may happen if fiscal policy not used -BBG $USDCAD
  • S&P500: Still, risks to the rally remain so traders will have to discern whether this is an honest breakout or a mere head-fake higher. Get your #equities market update from @PeterHanksFX here:https://t.co/zDlsun6VIF https://t.co/IQ1ITcVj7I
  • Very interesting to see the 'pro-risk' Australian Dollar diverge with the #SP500 during Tuesday's Wall Street session. #USD struggled to capitalize on its 'safe-haven' appeal as stocks retreated. Gentle reminder that asset relationships and traits are not always absolute $AUDUSD https://t.co/bs8uXo6q6S
  • $EURUSD Daily Pivot Points: S3: 1.0809 S2: 1.0858 S1: 1.0881 R1: 1.093 R2: 1.0957 R3: 1.1007 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
Webinar: My Favorite Trade Opportunities for 2017

Webinar: My Favorite Trade Opportunities for 2017

2016-12-30 20:00:00
John Kicklighter, Chief Strategist

Talking Points:

• There is considerable opportunity heading into the New Year from risk trends to rate forecasts to trade crises

• Between an over-leveraged speculative exposure for Brexit and strong link to risk trends, my favorite pair is GBP/JPY

• Looking for opportunities for a long time frame - such as a top trade for 2017 - doesn't mean throwing timing out the window

See the schedule for the weekly fundamental webinar in the DailyFX calendar of events.

There is plenty of trading opportunity to be had in the coming year depending on what develops. Fundamental themes are primed while technical patterns are plentiful and provacative. Among the top thematic asymetries in probability and potential (yess, those are distinct but complimentary states) are risk trends, monetary policy tide changes and growing protectionism. From there, though, we need to identify measures to see when such currents change and thereby provide opportunity. It is also important to distinguish what trade best represents the opportunities.

Fundamentals rarely grow to be 'over extended'. The times in history where economic conditions are running away with reckless abandon or are in utter disarray are few, far between and short-lived. However, speculation constantly over-extends itself. There are two themes that I think show particularly acute exposure: with Brexit and the risk chase. In my view, the Pound carries the greatest opportunity of the majors in 2017 in no small part due to the disaster pricing the market has implied with the currency's bearings. For risk trends, the reach has grown so pervasive that it is seen as common enough to perhaps justify itself fundamental disconnect - it doesn't. The selection for these two themes draws many options, but my preference comes at their intersection with GBP/JPY.

It is important to appreciate that when looking for long-term opportunities, we do not just throw timing out the window. My view for opportunity supports the bullish view for this cross, but it is not something I would want to just jump into. There are very important milestones that need to be met before it looks ready. Critical is a pull back in risk before that bullish view can have any hope of a steady bullish opportunity. I run through my favorite opportunity with the cues that can be expressed through many other markets and pairs in the recording of this year-end Webinar.

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

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


News & Analysis at your fingertips.