Saxo Bank uses cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy.
Okay
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider.
show more
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Show less
TradersInstitutional and Partners
General.Accessibility.Close

Quick Links

All categories

FX Breakout Monitor September 13 2019

Forex 5 minutes to read

John Hardy

Head of FX Strategy

Summary:  The FX Breakout Monitor shows few new developments today as the recent extension lower in many euro crosses was rejected as the euro rallied strongly in reaction to yesterday's ECB meeting. Next week will inevitably prove important for USD pairs over the FOMC meeting on Wednesday.

The FX Breakout Monitor is back, and it is expanded with "autosignals" that show examples of how to trade new breakouts, defined as new 19-day high or low closes not preceded by a breakout in the same direction in the prior week.
Today's FX Breakout Monitor

Related Articles

MACRO

Macro Dragon: Touching Base - Coronavirus, BoC + ECB, Synthetic Fridays & Happy Chinese New Year

Macro Dragon = Daily Cross-Asset Global Views

Its ECB Thursday today, as well as synthetic Friday for the Macro Dragon given next week is Chinese New Years in the region, with Mon also being a hol in SG. Most important for this wk will be tmr's flash PMIs which will either confirm that PMIs continue to trend up from the lows of last year, are consolidating, or potentially reversing lower. Remember we also have a BoE that is likely to cut (unless we get blowout bullish econ numebrs from the UK on Fri) next wk & a Fed that is likely on the sidelines. We also touch in on the latest in the coronavirus & the Wuhan lock-down.

Saxo Services & Products

General

Contact Us

Saxo Bank A/S - Representative Office
Boulevard Plaza - Tower 1
30th floor, office 3002
Dubai Downtown, Burj Khalifa area
Dubai
UAE

Call Us

+971 4 5206999

Join our Community

Country

UAE

The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Complex products, including CFDs and FX, come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. 65% of retail investor accounts lose money when trading CFDs with this provider.

Trade responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

Saxo Bank A/S is licensed by the Danish Financial Supervisory Authority and operates in the UAE under a representative office license issued by the Central bank of the UAE.

The content and material made available on this website and the linked sites are provided by Saxo Bank A/S. It is the sole responsibility of the recipient to ascertain the terms of and comply with any local laws or regulation to which they are subject.

The UAE Representative Office of Saxo Bank A/S markets the Saxo Bank A/S trading platform and the products offered by Saxo Bank A/S.