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
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
USD/JPY
Bullish
Gold
Mixed
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • After negotiating a series of economic and geopolitical risks in 2019, the S&P 500 rounded out the year more than 30% higher. Will the stock market crash in 2020? Find out from @PeterHanksFX here: https://t.co/8KsjB9YkBB https://t.co/4ph9bdMxz9
  • Italy reports first death from coronavirus - BBG
  • Bullish signals from IG Client Sentiment earlier this week correctly forecasted that $EURUSD could rise in the near-term. A close above 1.0852 opens the door to near-term strength while downside resumption entails taking out 1.0778 - https://t.co/YySE3VulgC https://t.co/mr7jIWtoVW
  • #Gold prices soared towards the 2013 high in the best week since June 2019. The medium-term $XAUUSD technical outlook is bullish. The week ahead will be scrutinized for signs of a top #technicalanalysis - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/02/21/Gold-Price-Technical-Forecast-Bullish-as-XAUUSD-Targets-2013-High.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/KwGYG9n7hM
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.60% 🇬🇧GBP: 0.59% 🇪🇺EUR: 0.59% 🇳🇿NZD: 0.29% 🇨🇦CAD: 0.26% 🇦🇺AUD: 0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/zlA41tLYcc
  • The $SPX closed a volatile week right on confluent support around 3337-3340 Holding this area will be critical going forward https://t.co/CKm6DLDYDw
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Gold: 1.49% Silver: 0.72% Oil - US Crude: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/f60M6H4z0O
  • France outlook downgraded to stable from positive by Moody's ratings - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.96%, while traders in France 40 are at opposite extremes with 75.32%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0eoB5BRiH6
  • Not only has an equally-weighted (USD, EUR, GBP, JPY) index of #gold charged to a fresh record high this past week, it has done so on the biggest weekly rally since January 2015 https://t.co/RmtSwlRKtK
Late Risk Surge Nothing New-AUDUSD 9985 is Pivot

Late Risk Surge Nothing New-AUDUSD 9985 is Pivot

2011-09-29 21:38:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Markets continue to swing wildly as the month and quarter end tomorrow. If the last 3 days are any guide, then the end of day surge in risk will be sold in Asia and Europe (late day US moves have been retraced). Support overnight is 1150 and 1144 in ES, and 9740/50 in AUDUSD. Weakness overnight may be well supported as the sharp end of day advance has impulsive characteristics.

In summary, look for a partial retracement of the end of day rally in risk before the next leg higher into 9840/80 in AUDUSD and 1171/74 in ES. Those levels may produce the final highs before an early October sell off into fresh lows. Bottom line - I remain bearish below this week's highs (9985 AUDUSD and 1190 ES are the 'lines in the sand') with the understanding that risk may extend slightly higher before selling off sharply.

Jamie holds the Chartered Market Technician (CMT) designation from the Market Technician Association. He is the author of Sentiment in the Forex Market. Send requests to receive his reports via email to jsaettele@dailyfx.com and follow hom on Twitter @JamieSaettele.

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

DISCLOSURES

News & Analysis at your fingertips.