Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

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
  • $AAPL post-earnings looks parabolic even on a log chart that split is going to juggle up the composition of the $DJIA though. Only 30 stocks and this has been like 11% of the index. Big driver about to have a smaller impact on the $Dow post-split https://t.co/7xhnvbjKLA https://t.co/cgUn1ybQ6U
  • Ripple (XRP) - This could get interesting if we close above Sunday's spike high ($0.325)...#xrp #Crypto @DailyFXTeam https://t.co/2rrL5efGBa
  • Among the FAANG members, only $AAPL seems to be carrying over the momentum from last week's earnings wave. Here is my version of the high market cap tech index overlaid on the stock https://t.co/Z6KnMefH1c
  • 🇲🇽 Markit Manufacturing PMI (JUL) Actual: 40.40 Previous: 38.60 https://www.dailyfx.com/economic-calendar#2020-08-03
  • RT @WVenketas: $USDCAD price forecast: Last Place Battle – #Loonie or #Dollar? $USD $CAD https://www.dailyfx.com/forex/market_alert/2020/08/03/USDCAD-latest-Last-Place-Battle-Loonie-or-Dollar.html
  • The #Euro and Sterling both had a positive tone last week going into month-end and sellers have appeared in both currencies today. Get your market update from @nickcawley1 here: https://t.co/LBmxuV1sG1 https://t.co/H56olNlp7L
  • While the Dollar is continuing to extend its tentative gains from Friday with broad results against EM counterparts, $USDCNH still refusing to participate. I wonder if this is a reflection of their relationship or a conscious curb https://t.co/lhGeb1bsYF
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.37% Gold: -0.41% Silver: -0.73% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dnPRohZ1Un
  • Heads Up:🇲🇽 Markit Manufacturing PMI (JUL) due at 14:30 GMT (15min) Previous: 38.60 https://www.dailyfx.com/economic-calendar#2020-08-03
  • 🇺🇸 Construction Spending MoM (JUN) Actual: -0.7% Expected: 1% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2020-08-03
JPY, Euro, GBP Price Action Ahead of 'Risk Thursday'

JPY, Euro, GBP Price Action Ahead of 'Risk Thursday'

2017-06-06 18:41:00
James Stanley, Strategist

Talking Points:

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

- If you’re looking for trading ideas, check out our Trading Guides. And if you’re looking for ideas that are more short-term in nature, please check out our IG Client Sentiment.

-If you would like to attend similar webinars in the future, DailyFX offers over 20 live sessions every week. Please peruse our webinar calendar to find a session of your liking.

- Thursday of this week brings three events that could have big implications for price action across markets. We looked at each of those in this morning’s Market Talk, and during this webinar, we got more in-depth by looking at extrapolated setups around each event.

- The first market that we looked at was USD/JPY, as a significant support break of the 110.00 level took place earlier in the day, and this can be evidence of safe-haven flows driving into the Yen ahead of Thursday’s batch of event risk. Given the potential for extreme USD-volatility around the James Comey testimony on Thursday morning, we looked elsewhere for Yen plays.

- EUR/JPY has two support zones that could open the door to bullish setups. The ‘S1’ zone of support runs from 121.67-121.95, while the ‘S2’ zone of support straddles the 120.00 psychological level between 119.90-120.32.

- GBP/JPY meanwhile, has broken below a significant level of 141.59; and this can open the door to bearish continuation approaches going into Thursday.

- We then moved over to look at the Euro around this Thursday’s ECB meeting. The Euro is stronger as growth has continued running high, leading to the idea that the European Central Bank may be nearing the end of their stimulus outlays. Despite the continued dovish comments from Mario Draghi, the Euro continues to run-higher; and this can open the door for a ‘buy the dip’ setup around Thursday’s ECB meeting, much as we saw around the bank’s April rate decision.

- For topside Euro plays, EUR/JPY may have a more amenable setup, particularly if the support zone from 121.65-121.95 can come into play.

- We also looked at the prospect of bullish continuation setups in EUR/AUD around the 1.5000 level of support.

- EUR/NZD could be attractive for Euro-weakness plays.

- EUR/GBP is working with the resistance side of a recent range; and given some of the nearby swing-high points of resistance, the door can be opened for bearish plays in the pair.

- We then moved over to Sterling ahead of Thursday’s U.K. elections. GBP/USD has been working within a 400-pip area after the Theresa May fueled-breakout of April on the announcement of early elections. Thursday’s event can propel price action on either side of this zone, at which point a directional bias could be assigned.

--- Written by James Stanley, Strategist for DailyFX.com

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

Contact and follow James on Twitter: @JStanleyFX

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


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.