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
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook!
  • 4 consecutive down weeks for the #SP500, last matched over a year ago #Fed balance sheet continues to gain very cautiously, now at its highest since the middle of June. Still, at slower pace than last week Focus shifts to US fiscal stimulus next week in the House of Reps
New US Data the Fed Will Love

New US Data the Fed Will Love

2013-06-27 15:17:00
Kathy Lien, Technical Strategist

Today’s personal income and spending reports show more prudent US consumers, and with continued recovery in the labor markets, the Fed is more likely to stay its course toward tapering asset purchases this year.

The US dollar (USD) is trading lower against most major currencies thanks to the recent steadiness of global bond yields. US ten-year yields are trading below 2.5% this morning, while European and Asian bond yields have fallen across the board, and overnight SHIBOR rates in China have settled around 5.56%.

Many will recall how the recent havoc in the financial markets was caused by the spike in US and Chinese yields last week, and now that those yields have retreated, volatility has declined with equities and currencies trading higher.

This morning's US economic reports were in line with expectations, as personal income posted a 0.5% increase while personal spending grew by 0.3%. The healthy trend of stronger income versus spending is a dynamic that will delight the Federal Reserve because it signals Americans will be more frugal with their spending.

The PCE deflator rose 0.1%, which suggests that inflationary pressures are beginning to increase. Jobless claims, on the other hand, dropped from 355K to 346K, a number that is generally consistent with a continued recovery in the labor market.

Overall, these reports kept the dollar bid against the Japanese yen (JPY) but failed to have significant impact on its performance against the euro (EUR).

Later this morning, Fed policymakers and Federal Open Market Committee (FOMC) voters William Dudley and Jerome Powell will be speaking about the labor market and monetary policy. Both of these policymakers typically favor a more dovish monetary stance, and if they support Fed Chairman Ben Bernanke's view that asset purchases should be tapered this year, EURUSD could retest 1.30.

However, if either expresses skepticism or reservations about Bernanke's timing for reducing asset purchases, EURUSD could make its way back up to 1.31.

See also: A EUR/USD Question to Be Answered Thursday

By Kathy Lien of BK Asset Management

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