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
Bullish
GBP/USD
Bullish
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
USD/JPY
Bullish
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
Oil - US Crude
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
Bitcoin
Bullish
More View more
Real Time News
  • The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the #SP500. What does this mean for $AUDUSD and $NZDUSD ahead? #AUD #NZD #RBA #RBNZ - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/17/AUDUSD-NZDUSD-Outlook-Looks-Past-Stocks-to-Rate-Cut-Bets.html?CHID=9&QPID=917702 https://t.co/ddf2fV7Kyl
  • A few snippets from today's commentary. Check out the link below for the full story (via @DailyFX). https://t.co/I31tuq764r https://t.co/x0BaiOFA1P
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/e2YrN3dBrl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.00%, while traders in France 40 are at opposite extremes with 79.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UL7hqSD2Ki
  • US Dollar Forecast: $USD Lacking Impetus Ahead of Consumer Sentiment #Forex traders shift focus away from US-China trade deal headlines - perhaps toward the monthly release of #ConsumerSentiment data for volatility and clues on the Greenback's next move https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/01/16/us-dollar-forecast-usd-lacking-impetus-ahead-of-consumer-sentiment.html
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.11% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.03% 🇨🇭CHF: -0.05% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kxcb9EtIWb
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.45% France 40: 0.26% Wall Street: 0.07% US 500: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/I5YIsKQAog
  • 🇯🇵 JPY Tertiary Industry Index (MoM) (NOV), Actual: 1.3% Expected: 1.0% Previous: -5.2% https://www.dailyfx.com/economic-calendar#2020-01-17
  • The $JPY has weakened as a bounce-back in risk appetite saps haven-asset demand. However, the old uptrend line still provides clear resistance. Get your market update from @DavidCottleFX HERE:https://t.co/IMhgQ9jbF9 https://t.co/I7087olftk
  • Heads Up:🇯🇵 JPY Tertiary Industry Index (MoM) (NOV) due at 04:30 GMT (15min), Actual: N/A Expected: 1.0% Previous: -4.6% https://www.dailyfx.com/economic-calendar#2020-01-17
Traders Debate: US-China Trade War, Forex Forecasts & More | Podcast

Traders Debate: US-China Trade War, Forex Forecasts & More | Podcast

Share:

Talking points on this podcast:

  • US/China trade war: What now for EUR/USD?
  • GBP/USD’s future as the Brexit dialog continues
  • Is Bitcoin finally maturing as a market?

This time on Trading Global Markets Decoded, our host Martin Essex is joined by DailyFX analysts Nicholas Cawley and David Cottle, based in the UK and Singapore respectively. On the agenda this time: The latest on the US-China trade war and EUR/USD, the outlook for GBP/USD as the Brexit dialogue continues, and insight on a range of asset classes, from Crude oil to Bitcoin. You can listen to this podcast with Nick Cawley and David Cottle by clicking on the link above or one of the alternative platforms listed below.

Traders debate market forecast for forex, gold, crude oil, Bitcoin

Where is the most-traded pair, EUR/USD headed? Nick says: ‘Lower for longer. The upside is very limited for the Euro as a currency. The only way EUR/USD will go up is if the US Dollar weakens; I can see no reason for the Euro to strengthen. Everything points south.” David agrees: “From a fundamental perspective the Euro has all sorts of difficulties; a riven central bank, a new, [yet-to-be-established] head of the ECB; there’s always a chance of some general Dollar weakness feedback with a Trump presidency and a trade spat with China.”

Gold has been on a run during the summer – but has that interest waned in recent months? Nick says, “There’s always interest in gold. It’s a good trading market for an intraday or a day trader, with well-known drivers, and I like it as a trading vehicle. Can it go to $1,700? I don’t think so. Will it go back down to $1,400? Maybe. [We may be stuck in the] $1,460-$1,540 range [in the immediate future].”

In Bitcoin, Nick believes we have a market that is maturing. “I never thought I’d say that about cryptocurrencies. It used to be a long-only market; you bought it, you sat on it, you listened to the hype and you hope you’d double your money in 24 hours. And some days it happened.

“Will it go back to $20,000? I don’t know. But the longer the market goes on, the more types of investor that gets involved and you have an asset class that will continue to garner interest.”

However, David remains skeptical. “You get the market [rising], but I was reading about the lack of increase in people actually using it for things [as a medium of exchange], and I find it hard to square that.”

For more ways of listening to the DailyFX podcast, click on one of the additional channels below.

Follow DailyFX on Twitter for more insight

Looking for the latest news and strategies from our analysts at DailyFX? Take a look at our Twitter feed @DailyFX.

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

DISCLOSURES

News & Analysis at your fingertips.