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.



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
Please try again
More View more
Real Time News
  • 🇳🇱 Consumer Confidence (SEP) Actual: -5 Previous: -6
  • A rough start to the week with the cryptocurrency market a sea of red with losses on either side of -10% a common sight.Get your market update from @nickcawley1 here:
  • RT @FxWestwater: Gold, Copper Forecast: XAU Eyes FOMC, Evergrande News Sends Copper Flying Link:…
  • Heads Up:🇳🇱 Consumer Confidence (SEP) due at 04:30 GMT (15min) Previous: -6
  • PBoC liquidity injection + reports that Evergrande will make its next onshore bond payment ($35.88-million on 23 Sept) is bolstering risk appetite here. Yet, there is still no word on the $83.53-million offshore bond payment also due Thursday. Over to you now, Jpow & Co.
  • 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:
  • Bank of Japan: - Outlook highly uncertain amid Covid - Asset purchase outline unchanged - Cuts assessment of production - exports, production impacted by supply side constraints - BBG
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Previous: -0.1%
  • What is your forex trading style? Take the quiz and find out:
  • Hello there traders! @FxWestwater and I collaborated to bring you a breaking news story on China's #Evergrande coupon payment $AUDUSD $NZDUSD #AUD #NZD Check out the full story here -
US Dollar Majors In Focus Ahead of a BIG Week of Event Risk

US Dollar Majors In Focus Ahead of a BIG Week of Event Risk

Michael Boutros, Strategist

USD Majors Face Slew of Headline Risks

It’s a week packed with major event risk and for the USD, the focus is on whether the recent pullback from resistance in the Dollar Index (DXY) has further to go. We reviewed recent setups highlighted on the USD crosses and heading into the start of the week, the levels are clear.

Key Levels in Focus

DXY – Initial resistance at 93.91 Bearish invalidation at 94.33. Initial support at 92.96 & 92.28/44

EUR/USD – Key near-term support at1.1616/36. Resistance 1.1827 backed by 1.1910 & 1.1947/61

AUD/USD – Constructive while above 7513. Topside resistance objectives at 7632 backed by 7689 & 7709 (head & shoulders measured objective)

GBP/USD – Key resistance at 1.3495-1.3504 (near-term bearish invalidation). Initial support 1.33 backed by 1.3182

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

Highlighting this week’s economic calendar are central bank interest rate decisions from the FOMC, the ECB (European Central Bank) and the BoJ (Bank of Japan). Keep in mind we also have the Nuclear Summit in Singapore with the meeting between President Trump and Kim Jong Un likely to keep the market headline driven over the next 24 hours. In this webinar we review updated technical setups on DXY, EUR/USD, USD/JPY, GBP/USD, AUDUSD, USDCAD, Gold, AUD/JPY, Silver, USD/CHF and EUR/GBP.

New to Forex? Get started with this Free Beginners Guide

KeyEvent Risk This Week

Economic Calendar

Economic Calendar - latest economic developments and upcoming event risk

Other Setups in Play:

Why does the average trader lose? Avoid these Mistakes in your trading

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex or contact him at

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