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.

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
Bullish
Oil - US Crude
Bearish
Wall Street
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
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
Mixed
More View more
Real Time News
  • US President Biden: - I am unsure if I have enough support for reconciliation - The infrastructure investments are a significant down payment on my priorities
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.85%, while traders in France 40 are at opposite extremes with 70.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qzsSsxLWTt
  • Banxico isn't scared surprise 25 bps rate hike, not sure many were expecting that quick move down in $USDMXN, return to support ~19.700 https://t.co/eirgp5QLa1
  • US President Biden: - There will be no rise in the gas tax - There are no fees for electric vehicles - This agreement is a significant step toward competing with China
  • US President Biden: - The infrastructure agreement will result in the creation of millions of jobs in the United States - Expenditures will bring long overdue investments
  • USD/MXN sharply lower following a surprise 25 bps rate hike from Banxico $USDMXN https://t.co/muUToFz4uk
  • A surprise 25bp rate hike from the Mexican Central Bank. Sharp $USDMXN drop https://t.co/kuqxcdpGmu
  • 🇲🇽 Interest Rate Decision Actual: 4.25% Expected: 4% Previous: 4% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.01% US 500: 0.59% France 40: 0.10% Germany 30: 0.04% FTSE 100: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MZpFleFSeB
  • Breakdown of bipartisan $1.2 trillion infrastructure deal: - Includes $579 billion in new spending - $312 billion for transportation - $266 billion on water, broadband, environmental remediation, power
Strategy Video: Is a USDJPY Breakout Signaling a Yen Cross Rally?

Strategy Video: Is a USDJPY Breakout Signaling a Yen Cross Rally?

John Kicklighter, Chief Strategist

Talking Points:

  • We discuss how looking at common-currency crosses can signal trade opportunities and false starts
  • Where USDJPY's bullish wedge break may whet traders' appetite, EURJPY and AUDJPY lead us to reconsider
  • A view of Dollar, Yen and Euro based majors shows where short-term opportunities are arising

Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.

Can a USDJPY breakout turn into a lasting trend without supporting moves from other yen crosses like EURJPY, GBPJPY and AUDJPY? While individual pairs can sustain their own trends, it is rare that such a development occurs without buying or selling pressure for a single currency across the market. In this relative performance assessment, we find many opportunities arise - from false breakout retracements, leading signals for new trend developments and even spread trades. We revisit this concept looking at Yen, Euro and Dollar-based crosses that have projected various developments and trade signals in today's Strategy 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