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USD/CHF IG Client Sentiment: Our data shows traders are now at their most net-long USD/CHF since Jan 18 when USD/CHF traded near 0.92.

April 12, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading …

Market Outlook - Asian Market

US Dollar Extends Rise as Liquidity Comes Back and Markets Absorb NFP Report

April 10, 2023

The US Dollar gained on Monday as liquidity came back online and markets fully absorbed Friday’s non-farm payrolls report. Will DXY’s momentum hold ahead?

Cryptocurrency

Bitcoin on the move, above US$29.5K

April 10, 2023

Crypto adding to its recent gains in early Asia morning time. Bitcoin on approach to $30K: I’ve not got any fresh news on it at …

Market Outlook - North American Market

Can the Japanese Yen rely on its safe-haven appeal in Q2 – Will USD retaliate?

April 10, 2023

While the BoJ is expected to maintain the current status quo throughout Q2, the focus remains on the Fed’s next move.

Market Outlook - Asian Market

Australian Dollar Drops as Currency Markets Await US NFPs, Will AUD/USD Keep Going?

April 7, 2023

The Australian Dollar fell as US jobless claims data briefly jittered markets ahead of the highly anticipated non-farm payrolls report. Will AUD/USD extend lower next?

Market Outlook - Asian Market

Nasdaq 100 Dips as Soft ISM Services Data Fuels Economic Woes, Will Support Hold?

April 5, 2023

The tech-heavy Nasdaq 100 underperformed on Wednesday as soft US ISM Services data fueled economic woes. Will key support hold as traders turn towards Thursday’s …

Cryptocurrency

Ethereum rises to the highest since August in a 5% rally

April 4, 2023

The drop in the US dollar today on soft job openings data has led to some wonky market moves, including Ethereum. The Nasdaq and broad …

Market Outlook - Asian Market

US Dollar Slide Fast Approaching Pivotal Support Zone After ISM Manufacturing Miss

April 3, 2023

The US Dollar continued its slide, with disappointing ISM Manufacturing amplifying its selloff. This means the DXY Dollar Index is quickly approaching a pivotal area …

Trading Education

DailyFX Global Earnings Calendar

April 3, 2023

DailyFX’s user-friendly and fully customizable earnings calendar is live and available for stock market traders interested in tracking upcoming quarterly reports of key companies worldwide.

Market Outlook - Asian Market

US Dollar Continues Diverging from the Fundamentals, Will PCE Data Realign Traders?

March 30, 2023

The US Dollar still found no love as traders continued piling into Wall Street despite not-so-dovish commentary from Federal Reserve officials. Will PCE data revive …

Market Outlook - Asian Market

US Dollar Dismissed Despite Upbeat Consumer Confidence, Further Pain Ahead?

March 28, 2023

Despite upbeat US consumer confidence data, the US Dollar did not receive any love on Tuesday as the 2-year Treasury yield gained. Is further pain …