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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • YouGov MRP poll has Joe Biden winning 350 electoral college votes vs Donald Trump's 188
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.14% 🇦🇺AUD: 0.42% 🇨🇭CHF: 0.27% 🇯🇵JPY: 0.20% 🇳🇿NZD: 0.13% 🇨🇦CAD: 0.12% View the performance of all markets via
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release!
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Germany 30: 2.72% France 40: 2.05% FTSE 100: 1.45% US 500: 0.92% Wall Street: 0.92% View the performance of all markets via
  • BoE's Ramsden says the BoE are not about to use negative rates imminently
  • BoE's Ramsden says if you have negative rates in the toolbox, you are duty bound to explore in more detail the operational considerations $GBP
  • BoE's Ramsden says he sees effective lower bound is still at 0.1% $GBP
  • BoE's Ramsden says the initial fall in the UK and global activity was less sharp than BoE feared in May $GBP
  • Japan will remove travel bank for 10 countries or more from from the beginning of October, according to Nikkei Asian Review
  • Brexit latest: Unlike the EU, the UK have tunnel vision
USD Index Finds Buyers

USD Index Finds Buyers

2010-11-24 14:50:00
Thomas Long, Course Instructor

This daily chart of the USD Index shows a market that is in a strong downtrend, but has shown some recent relative strength. The move up through the upper trendline does not constitute a change of trend but does imply a change in sentiment....for the time being anyway. This is likely a result of the flight to safety play taking place in the financial markets right now. During times of uncertainty, traders move to markets that offer safety rather than potential big returns. That usually means a move to the short-term US Treasury market. One needs to buy US Treasuries with US Dollars, so first these traders must sell the currency they are currently holding and buy the USD. That pick up in safety interest is most likely what caused this move up through the trendline. Further buying interest could be the result of a falling US stock market or geopolitical events. However, in the absence of the flight to safety, the USD index does remain in a strong downtrend with more downside expected.

USD_Index_body_72934d1290609469-chart-day-usd-index-1124.png, USD Index Finds Buyers

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