0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bullish
Low
High
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
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • 🇨🇳 FDI (YTD) YoY (JUL) Actual: 0.5% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2020-08-13
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/6b3JtrSQnP
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/4hIQtGPL0N
  • Gold Prices May Resume Selloff After Digesting Largest Drop in 7 Years - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/08/13/Gold-Prices-May-Resume-Selloff-After-Digesting-Largest-Drop-in-7-Years.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold https://t.co/aWOvE1KJXc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.83%, while traders in US 500 are at opposite extremes with 77.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EQ77jevtaX
  • Heads Up:🇫🇷 IEA Oil Market Report due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-13
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/QPW1os7wbE
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.98% Gold: 0.60% Oil - US Crude: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gDZGfvBOHv
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇨🇭CHF: 0.22% 🇬🇧GBP: 0.21% 🇦🇺AUD: -0.01% 🇨🇦CAD: -0.03% 🇳🇿NZD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9IwXKOUieT
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.16% US 500: -0.17% Germany 30: -0.24% France 40: -0.50% FTSE 100: -0.96% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MtMyrT3zZY
US Dollar Needs Sentiment Consistency to Set Lasting Trend

US Dollar Needs Sentiment Consistency to Set Lasting Trend

2019-02-16 16:00:00
Ilya Spivak, Head Strategist, APAC
Share:
USD

US DOLLARFUNDAMENTAL FORECAST: NEUTRAL

  • US Dollar unable to hold up after touching six-week high
  • Fundamental driver inconsistency leaves outlook clouded
  • Risk trend conviction needed, January FOMC minutes due

Gain confidence in your US Dollar trading strategy with our free guide!

The US Dollar attempted to extend higher last week, touching a six-week high against an average of its major currency counterparts. The move would not prove lasting however, with prices erasing gains to finish Friday’s session in essentially the same place as Monday’s trade began.

Seesawing performance seems to reflect fundamental cross-currents competing for influence over the Greenback. It can find an appeal in a superior yield profile in risk-on trade or leverage its unrivaled liquidity to attract haven demand when the pendulum swings to a risk-off setting.

Sentiment trends need to remain at least somewhat consistent for either dynamic to build discernible traction. When that is not the case – and last week was a case in point for inconsistency – a clear-cut narrative with follow-on potential is difficult to divine.

The domestic front is unlikely to offer clarity in the week ahead. Minutes from January’s FOMC meeting amount to the only bit of top-tier event risk, and they seem unlikely to offer much beyond the “wait-and-see” narrative that Fed officials have presented in a steady stream of recent commentary.

That means a decisive break is likely to need commitment from risk appetite. With mixed reviews of progress in US-China trade talks and reinforcement of global slowdown fears in recent data flow, the path of least resistance probably leans in favor of de-risking. If it can be sustained, USD might find fuel for gains.

Looking for a technical perspective on USD? Check out the Weekly USD Technical Forecast.

--- Written by Ilya Spivak, Sr. Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivakon Twitter

US DOLLAR TRADING RESOURCES

OTHER FUNDAMENTAL FORECASTS:

Australian Dollar Forecast –May Head Lower If RBA Jawboning Starts Anew

British Pound Forecast – Sterling Struggles as the Brexit Clock Ticks

Gold Forecast – Gold Bull-Flag Formation Continues to Unfold Ahead of FOMC Minutes

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

DISCLOSURES

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.