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
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
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • (Weekly Technical Outlook) US Dollar Outlook, Key Trend Reversals Playing Out? USD/CAD, AUD/USD, EUR/USD, GBP/USD #USD $USDCAD $AUDUSD $EURUSD $GBPUSD
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here:
US Dollar, EURUSD, USDJPY & More: Charts for Next Week

US Dollar, EURUSD, USDJPY & More: Charts for Next Week

Paul Robinson, Strategist

The US Dollar Index (DXY) has traded off a bit the last few sessions, but is coming down on support that might put a floor in here soon. On that, the Euro will be set up to roll over and trade lower again as trend and resistance keep the current bounce in as only a corrective move. USDJPY has taken a hit on haven flows as stocks get hit, this is seen as likely to continue…

Technical Highlights:

  • US Dollar Index (DXY) falling into support area
  • EURUSD could soon decline again to a new low
  • USDJPY to see more selling with stocks

See where our team of analysts see your favorite markets and currencies headed in the in the DailyFX Trading Forecasts.

US Dollar Index (DXY) falling into support area

The US Dollar Index (DXY) is backing off a bit after hitting a new cycle high, but the down-move may prove short-lived if rising trend support has anything to say about it. The trend-line in question is coming up from June. Should that break then a larger down-move will be the risk, but let’s first focus on the nearest support and the fact that the trend is still pointed higher overall.

With that said, though, there continues to be resistance in getting momentum running higher, eventually it appears as though USD will get into gear but that is hard yet to say when it will commence. Markets overall appear to be in for some volatility this quarter so that may come sooner rather than later.

US Dollar Index (DXY) Daily Chart (backing down towards support)

US Dollar, EURUSD, USDJPY & More: Charts for Next Week

U.S. Dollar Currency Index (DXY) Chart by TradingView

EURUSD could soon decline again to a new low

The Euro is naturally opposite the DXY as is the anti-Dollar and the largest constituent in the index. The June trend-line is coming up, and with the trend structure negative EURUSD should find difficulty to sustain strength. Look for it to stall, possibly today or early next week, and continue lower to a new low beneath 10879. Inching towards the April 2017 French election gap-fill.

EURUSD Daily Chart (trend, resistance working against)

US Dollar, EURUSD, USDJPY & More: Charts for Next Week

EURUSD Chart by TradingView

USDJPY to see more selling with stocks

USDJPY is taking some heat this week with pressure coming on global equity markets. Haven flows into the Japanese Yen could continue as stocks are set up to continue selling off. For more on this view, check this piece from this morning – Dow Jones, Nasdaq 100 Technical Forecast Darkens on Breakdown.

There is support in the current vicinity, but not expected to last. Stay below the trend-line up above and 10847 and USDJPY looks poised to trade neutral to negative. The lows under 10500 look at risk in the not-too-distant future if stocks continue to come off.

USDJPY Daily Chart (turn down at of picking up momentum)

US Dollar, EURUSD, USDJPY & More: Charts for Next Week

USDJPY Chart by TradingView

Resources for Forex & CFD Traders

Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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