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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.37%, while traders in Wall Street are at opposite extremes with 75.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/JPLBeXHsnx
  • Heads Up:🇮🇹 Industrial Production MoM (MAR) due at 08:00 GMT (15min) Expected: 0.4% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2021-05-11
  • Heads Up:🇮🇹 Industrial Production YoY (MAR) due at 08:00 GMT (15min) Expected: 37.2% Previous: -0.6% https://www.dailyfx.com/economic-calendar#2021-05-11
  • Heads Up:🇨🇳 New Yuan Loans (APR) due at 08:00 GMT (15min) Expected: CNY1600B Previous: CNY2730B https://www.dailyfx.com/economic-calendar#2021-05-11
  • British Pound May Extend Sharp Rise with Queen's Speech in Focus - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/05/11/British-Pound-May-Extend-Sharp-Rise-with-Queens-Speech-in-Focus.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #GBP #QueensSpeech #BOE #EURGBP https://t.co/kvhARmS65a
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.03% Gold: -0.12% Oil - US Crude: -0.86% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VEefc8HQ7a
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.02% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.03% 🇯🇵JPY: -0.09% 🇳🇿NZD: -0.11% 🇨🇭CHF: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rlRifz8HJ4
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.19% US 500: -0.39% Germany 30: -1.12% France 40: -1.14% FTSE 100: -1.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Buso4CQNX2
  • RT @KyleR_IG: #Nikkei extends its tumble to find support around its 50-day MA. Still not buying this inflation narrative -- nominals aren't…
  • #Gold seemed to weaken after the Fed's consumer CPI survey crossed the wires But #XAUUSD is also perceived as an anti-inflation hedge Learn more about why the yellow metal might have did what it did and what to expect ahead in my briefing here - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/11/Gold-Price-Outlook-Turns-to-Fed-Speak-After-Consumer-Inflation-Expectations-Jitter.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Cvg3rdlb69
US Dollar Trade Levels– Majors Carve Clear Monthly Opening-ranges

US Dollar Trade Levels– Majors Carve Clear Monthly Opening-ranges

Michael Boutros, Strategist

US Dollar Flat for July- Monthly Opening Range in Focus

Trading market turns are always tricky, but a few of the setup’s we’ve been tracking have price testing some critical levels. We’re looking for follow-through this week with some well-defined monthly opening-ranges in view. The DXY has continued to fail ahead of weekly resistance and keeps the broader long-bias vulnerable near-term.

Key Trade Levels in Focus

DXY – Looking for resistance ahead of yearly high-day close at 95.32- Near-term support still 94.20/24

EUR/USD – Constructive while above 1.1650- topside resistance objectives at 1.1779 & 1.1827/52

GBP/USD – Risk for near-term exhaustion but focus is higher while above 1.3164. Topside resistance objectives at 1.3290 & 1.3362.

Crude – Risk is lower sub-73. Support objectives at 68.03 & 67.14

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 will be Federal Reserve Chairman Jerome Powell’s remarks before congress at the semi-annual Humphrey Hawkins testimony. Keep in mind we also get the release of UK CPI and the Aussie employment- both of events of interest considering their current technical setups. In this webinar we review updated technical setups on DXY, EUR/USD, GBP/USD, Crude, Gold, USD/JPY, AUD/USD and Bitcoin.

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:

Weekly Technical Updates:

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 mboutros@dailyfx.com

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

DISCLOSURES