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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
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
Gold
Mixed
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
GBP/USD
Mixed
USD/JPY
Mixed
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
  • How can you trade #forex after a major release? Find out: https://t.co/sdxcXb8q60 #tradingstyle https://t.co/uSDOqqIcuH
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/9PYqo6tYdK
  • What are the truths and lies of #forex trading regardless of your #tradingstyle here: https://t.co/uF75VPzstr https://t.co/cuH9YESlr2
  • The $SGD is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it. Get your SGD market update from @ddubrovskyFX here:https://t.co/eWLM9XZs5Y https://t.co/HdiCLtSFre
  • #Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the #coronavirus pandemic threatens to disrupt cross-continental $BTC mining operations. Get your market update from @ZabelinDimitri here: https://t.co/BoH24MVf4P https://t.co/4bgTwNqVvG
  • (Weekly Outlook) The Japanese #Yen faced a mixed week against currencies such as the US Dollar, Euro, British Pound and Canadian Dollar. What is ahead for $USDJPY, $EURJPY, $GBPJPY and $CAD/JPY? - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/04/04/Japanese-Yen-Weekly-Forecast-USDJPY-EURJPY-GBPJPY-CADJPY.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Flgbd5b2ag
  • Foreign exchange – or “#forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates. Get your market insight from @ZabelinDimitri and @CVecchioFX here: https://t.co/FbXc1Awu6a https://t.co/Qbhs4ndgPa
  • Why must financial market traders monitor both monetary and fiscal policy? Find out from @MartinSEssex here: https://t.co/Fkzk88Y5gm https://t.co/AldbSctm9V
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/yF133btXFd https://t.co/Sjnr0iVgAf
  • Upside momentum stalls with the #DAX and #FTSE 100 vulnerable to testing lower levels as the economic backdrop deteriorates further. Get your #equities technical analysis from @JMcQueenFX here: https://t.co/BFIaXTfDcs https://t.co/q0Mso4zWlT
DailyFX Round Table: Tracking FX Market Behavior Ahead of RBA & ECB

DailyFX Round Table: Tracking FX Market Behavior Ahead of RBA & ECB

Share:

Talking Points

  • Outlook heading into June trade with RBA & ECB on tap
  • Looking for more trade ideas? Review DailyFX’s 2Q Trade Forecasts
  • Click Here For the Entire Weekly Webinar Schedule

Hosted by Currency Strategists Michael Boutros, Paul Robinson & David Song, this week’s conversation revolves around the lackluster U.S. Non-Farm Payrolls release along with a preview of the upcoming central bank rate decisions from the RBA & ECB.

-The USD is under pressure with the DXY trading at fresh yearly lows after a weak employment print with support seen just lower. Despite the softerreport, Fed Fund Futures are still showinga greater than 80% probability for June rate-hike.

-ECB to release updated forecasts at the June 8thinterest rate decision. EURUSD continues to stretch higher but is vulnerable for a near-term pullback.

-RBA to endorse wait-and-see approach and the keep official cash rate at a record-low of 1.50%. A review of the Aussie crosses casts a mixed outlook heading into the start of the month.

Technical setups highlighting key levels on DXY, USDJPY, JPN225, XAUUSD, USDCAD, AUDUSD, EURUSD, EURAUD, EURJPY, USDCHF, USDZAR, Gold, GER30.

Key Data Releases Next Week

DailyFX Round Table: Tracking FX Market Behavior Ahead of RBA & ECB

Enjoy today’s webinar? Join Michael, Paul & David in their weekly strategy webinars.

Michael Boutros – Mondays at 8:30ET

Paul Robinson – Tuesdays 5am ET

David Song – Wednesdays at 12:30ET

---Written by Michael Boutros, Currency Strategist, Paul Robinson, Market Analyst, and David Song, Currency Analyst with DailyFX

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

DISCLOSURES

News & Analysis at your fingertips.