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.



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
Please try again
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
  • The US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
FX Week Ahead - Top 5 Events: Brexit, BOC & ECB Meetings, Mexican & US Inflation

FX Week Ahead - Top 5 Events: Brexit, BOC & ECB Meetings, Mexican & US Inflation

Christopher Vecchio, CFA, Senior Strategist

FX Week Ahead Overview:

  • The second week of December brings about significant event risk from around the globe, including two central bank rate decisions (BOC and ECB) and a potential conclusion to the Brexit saga.
  • Monthly seasonality for December favors risk appetite in FX markets, with the Euro and New Zealand Dollar as the top performing currencies in the past 5-years.
  • After a selloff to end November and start December, key USD-pairs have seen retail trader positioning shift enough to suggest that a turn may be coming in the near-term.

EARLY WEEK | Brexit Deal Between EU and UK

Is this the end of the Brexit saga? For several weeks, it appeared that a deal would be reached in order to avoid the worst case scenario ‘no deal, hard Brexit’ outcome. And while it seemed highly unlikely that either EU or UK Brexit negotiators and political leadership would walk away from discussions due to competition issues or fisheries…here we are.

Read more: FX Week Ahead: Brexit Deal Deadline & EUR/GBP Rate Forecast

12/09 WEDNESDAY | 12:00 GMT | MXN Mexican Inflation (CPI) Report (NOV)

At the start of the week, Mexican President Andres Manual Lopez Obrador nominated Galia Borja Gomez, the Treasurer of the Mexican Finance Ministry, to join Banxico has deputy governor. Historically, Banxico has had a hawkish tilt, seeking to keep price pressures down even if it meant constraining growth. But the ascent of Gomez to deputy governor, coupled with downside price pressures, may be cultivating an environment where Banxico seeks to tamp down the Mexican Peso.

Read more: FX Week Ahead: November Mexican Inflation & USD/MXN Rate Forecast

12/09 WEDNESDAY | 15:00 GMT | CAD Bank of Canada Rate Decision (DEC)

The December Bank of Canada rate decision will conclude on Wednesday, December 9 at 15:00 GMT. The BOC has been maintaining its emergency low interest rate regime since the start of the coronavirus pandemic, and amid building economic momentum, it appears unlikely that policymakers will be acting again anytime soon.

Read more: FX Week Ahead: December BOC Rate Decision and USD/CAD Rate Forecast

12/10 THURSDAY | 12:45 GMT | EUR European Central Bank Rate Decision (DEC)

If the ECB does eventually act to cap Euro gains, then it seems less and less likely that the efforts will come vis-à-vis the interest rate channel. On Wednesday, November 11, ECB President Christine Lagarde said that “while all options are on the table, the pandemic emergency purchase program and targeted longer-term refinancing operations have proven their effectiveness. They are therefore likely to remain the main tools for adjusting our monetary policy.” More QE might be on its way, but rate cuts seem unlikely – this year or next.

Read more: FX Week Ahead: December ECB Rate Decision and EUR/USD Rate Forecast

12/11 FRIDAY | 13:30 GMT | USD US Inflation (CPI) Report (NOV)

Marginally weaker price pressures may not do much to move the needle on Federal Reserve monetary policy, which remains exceptionally accommodative. To this end, the Fed intends on keep interest rates low through 2023. If inflation were to rise in the coming months, the greatest boost could come from the next tranche of US fiscal stimulus.

Read more: FX Week Ahead: November US Inflation & USD/JPY Rate Forecast

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist

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