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
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
Oil - US Crude
More View more
Real Time News
  • Geopolitical developments send #oil prices soaring or falling. Get your market update from @MartinSEssex here:https://t.co/XVXLyG8vjq #OOTT https://t.co/RMk5Eb5fLU
  • Negative yielding government bonds – What are they telling us? Find out from @nickcawley1 here: https://t.co/F6JuhmrvPT https://t.co/KdpSjQSJ8F
  • #Euro area stocks may be preparing to break the four-month uptrend built around hopes for a US-China trade deal and an orderly #Brexit outcome. Get your market update from @IlyaSpivak here: https://t.co/ujlCJiXLvh https://t.co/INdFtsrTTF
  • What is the top market moving theme for the coming week? I disagree with the majority. '$EURUSD, $GBPUSD and $AUDUSD Top Volatility Candidates With #Fed, #Election, #TradeWar' https://www.dailyfx.com/forex/video/daily_news_report/2019/12/07/EURUSD-GBPUSD-and-AUDUSD-Top-Volatility-Candidates-On-Fed-Election-Trade-War.html?CHID=9&QPID=917719 https://t.co/Q1dbZVN5Us
  • The Australian Dollar was focused on its home country in the past week, but that is likely to change sharply in the days ahead with major global risk events coming up. Get your $AUDUSD market update from @DavidCottleFX here: https://t.co/yZz3hCyVMx https://t.co/1xw1JHwd7l
  • The #Euro broke chart resistance, threatening to challenge the bounds of its longer -term downtrend against the $USD. Bulls may find it premature to celebrate however. Get your market update from @IlyaSpivak here: https://t.co/VfR13llYbW https://t.co/LiWTvIygxc
  • The $USD appears to be stalling against the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso, but technical analysis may still favor USD strength. Get your market update from @ddubrovskyFX here:https://t.co/AZp98MoXKo https://t.co/jgZMUFVGJB
  • The Indian Rupee soared after the Reserve Bank of India surprised with a rate hold. $USDINR may climb as support reinstates the uptrend ahead of Indian CPI and global trade tensions. Get your market update from @ddubrovskyFX here:https://t.co/QEOabsDfMn https://t.co/rqn8Zjrvkv
  • #Gold closed lower after paring early-week gains post-NFP on Friday. But will price finally break support? These are levels that matter on the $XAUUSD weekly chart. Get your $gld technical analysis from @MBForex here: https://t.co/RILBGhLAQZ https://t.co/q5znMUlEQA
  • German Bund Yields Update: 2-Year: -0.639% 3-Year: -0.651% 5-Year: -0.548% 7-Year: -0.480% 10-Year: -0.290% 30-Year: 0.228%
Fitting Risk Like FOMC Decision to Conditions for Trades

Fitting Risk Like FOMC Decision to Conditions for Trades

2017-03-16 03:23:00
John Kicklighter, Chief Currency Strategist

Talking Points:

  • The Federal Reserve's rate decision was a high profile event that was destined to generate volatility
  • Yet, a surge in activity doesn't promise the extension of a persistent trend
  • Establishing market conditions first can direct us to successful ranges rather than destined-to-stall trends

See how retail traders are positioning in the majors using the DailyFX SSI readings on the sentiment page.

A strong charge of volatility can trigger a long overdue trend...or it can present a mere flash in the pan that charges the market only to see it settle well within range. What we saw from the Dollar following the Federal Reserve's expedited rate hike Wednesday illustrates the importance of aligning a opportune technical and fundamental mix to the proper underlying market conditions. Participation and the flow of capital override all other analysis concerns as it represents the actual mechanism for dictating an assets price. If a market finds appetite fading and capital draining, charging a lasting trend is an unlikely prospect.

The Fed decision was a poignant example of how effectively the environment transmits event risk and tests the validity of technical structure. High expectation for the central bank policy meeting rendered a hike and forecast for more a 'disappointment'. The Dollar slide that followed was sharp, but its reach was limited. In part this is due to the reality that while the event may have disappointing, it was still hawkish/bullish in the broader sense. Promoting a lasting bear trend on this backdrop is unlikely. Yet a more systemic limiting factor is the market's reticence to commit to a full-blown trend. Such persistent moves are more costly to maintain and find greater struggle when faced with technical hurdles.

With a first level filter of restraint in trend, a propensity for volatility and more robust technical boundary; trade selection can be easier. Following the FOMC decision, the Dollar Index (DXY) looked as if it were breaking a rising channel and were tipping into a more significant trend reversal. However, through the given filter; range conditions on GBP/USD, NZD/USD, USD/JPY and USD/CAD look more reasonable. We consider the importance of market conditions as a first line assessment for trade setups in today's Strategy Video.

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.