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
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
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
Mixed
Gold
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
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • PBoC Governor says they will increase credit support to the economy and will step-up counter-cyclical adjustment for the economy
  • Over 3 yards expiring at 1.3000 this week keeps $GBPUSD upside rather contained https://t.co/gOHlWgtQpF
  • LIVE IN 30 MIN: Join Currency Strategist @PaulRobinsonFX as he keeps you updated with the latest movements and trends during the London session for the FX and CFDs Market. Register here: https://www.dailyfx.com/webinars/243785867?CHID=9&QPID=917720
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/w7f9yQwfib
  • The $AUDUSD and $EURUSD downtrend may prolong as traders counterintuitively buy into their descent. Meanwhile, the USD/CAD uptrend may accelerate on rising net-short bets. Get your market update from @ddubrovskyFX here:https://t.co/dlzJ31kf3f https://t.co/4X0tBVglwD
  • RT @GrayConnolly: Jeremy spoke in class today
  • RT @DShahTR: https://t.co/HQKpJtMw5v
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.72%, while traders in France 40 are at opposite extremes with 83.41%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ueoSLUWKzP
  • Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order. Get your update on market drivers in Asia from @DavidCottleFX here: https://t.co/E2hqoRdO7q https://t.co/mCZcz5lLpu
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Silver: 0.32% Gold: -0.14% Oil - US Crude: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ZiRe0m5CYF
Trading Video: Doubt for S&P 500 Record Highs, Trades for EURUSD and GBPUSD

Trading Video: Doubt for S&P 500 Record Highs, Trades for EURUSD and GBPUSD

2014-05-24 01:24:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• The 'risk on' sentiment embodied by the S&P 500 both ballooned and drew deeper skepticism this past week

• Participation and activity levels further collapsed before the a long US and UK holiday weekend

• Without changes in risk or yield themes, setups for pairs like EURUSD, GBPUSD and AUDUSD are more suitable

Looking to better understand range trading? Watch this Education video on the strategy.

Find out what live events and webinars are scheduled this week with the DailyFX Live Webinar Calendar!

A record high close for the torchbearer of investor sentiment - the S&P 500 - this past week comes the immediate caveat that conviction is virtually nonexistent. On the one hand, we have a persistent and mature trend. On the other, there is the constant derision of doubt that prevents the move from gaining momentum. The risk-positive trades in equities, Yen crosses, and carry trades are thereby ironically bridled until risk aversion can deflate some of the excess and provide bargains. Before we return to fundamentally-undervalued investing or the speculative trading of a rapid risk reversal, we can source our trade opportunities for current conditions. We look at the overview of the market and its different setups in the weekend Trading Video.

Sign up for John’s email distribution list, here.

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

DISCLOSURES

News & Analysis at your fingertips.