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.

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
Bearish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Mixed
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
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇩🇪 Bundesbank Mauderer Speech due at 13:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-28
  • UK PM Johnson spokesman says a deal is still possible but significant gaps remain, adds that EU must adopt more realistic policy for a deal
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.52%, while traders in Germany 30 are at opposite extremes with 60.54%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0hZsxwi79S
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open of the week! https://t.co/chKtG7ezG9
  • ECB Sources - New rift opening in ECB GC over future stimulus & economic projections - Hawk wanted in Sep to quietly reduce pace of PEPP purchases and objected to projections excluding fiscal measures - Doves object to Lagarde's timid language on Euro strength
  • EU's Sefcovic says UK position far apart from what the EU can accept $GBP
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.16% 🇦🇺AUD: 0.55% 🇪🇺EUR: 0.34% 🇳🇿NZD: 0.21% 🇯🇵JPY: 0.15% 🇨🇦CAD: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/40nxAUXNSB
  • Weekly Strategy Webinar starting in 15mins! https://t.co/lxd5fZnn4H
  • RT @meremortenlund: 🇺🇸💸Here is how to trade the US election https://t.co/mOl43ebajd
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/fqXGrwfEYs
Graphic Rewind: US Dollar Rallies Amid Quiet Market Conditions

Graphic Rewind: US Dollar Rallies Amid Quiet Market Conditions

2012-08-18 02:26:00
Adrian Robles,
Share:
Grapahic_Rewind_US_Dollar_Rallies_Amid_Quiet_Market__Conditions__body_Picture_5.png, Graphic Rewind: US Dollar Rallies Amid Quiet Market Conditions

2 Hr USDollar GMT MarketScope Chart, Created by Adrian Robles

The Dow Jones FXCM US Dollar Index (Ticker:USDollar) rose roughly 75 points on extremely quiet market conditions. The USD began its climb this week on better than expect retail sales data, an indicator of a healthy consumer economy. Though it is important to keeping in mind that retail sales may have just rebounded off of the 0.7% drop seen in June. The next major move in the US Dollar came on the announcement that US inflation is at 1.4%, a 0.2% drop from last month. Typically lower inflation raises the value of a currency, but the downward move may have been the result of QE3 speculators looking for signs of deflation. The US Dollar Index corrected one last time during the week on negative US economic data, among which was higher than expected initial jobless claims. High initial jobless claims may point to higher unemployment, and add to the speculation of QE3. The USD rallied during the last 24 hour of trading, popping on better than expected consumer confidence data.

It is uncertain whether volatility will pick up next week and drive investors to seek a safe haven currency like the US Dollar, or if risk appetite will pick up and with it demand for riskier assets. In the week ahead of us, with regards to the US Dollar, traders will be watching for the release of the FOMC minutes on Wednesday, and the meeting between Greek Prime Minister Samaras and German Chancellor Merkel that is set to take place on Friday.

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

DISCLOSURES