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
Bullish
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Mixed
GBP/USD
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
USD/JPY
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
More View more
Real Time News
  • Heads Up:🇯🇵 BoJ Quarterly Outlook Report due at 03:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-15
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Expected: -0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2020-07-15
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/OjTZOQEytM https://t.co/BWTj74xdGl
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.68% Silver: 0.28% Gold: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/KLaO6iawft
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.41% 🇳🇿NZD: 0.39% 🇬🇧GBP: 0.22% 🇪🇺EUR: 0.08% 🇯🇵JPY: -0.01% 🇨🇭CHF: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XJ4YXmLkHx
  • RT @DanielGMoss: #Silver Price Eyes Fresh 2020 Highs on $USD Weakness https://www.dailyfx.com/forex/market_alert/2020/07/15/Silver-Prices-May-Trek-Higher-on-Weakening-US-Dollar-and-Stimulus-Hopes.html
  • If you missed this week's session on IG Client Sentiment, check out the full recording on YouTube here - https://t.co/uVdyQTHnpn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.82%, while traders in US 500 are at opposite extremes with 76.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ZW0P70iNI9
  • China reaffirms vow to sanction US officials over Hong Kong -BBG
  • $USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:https://t.co/5GO9UrvO4y https://t.co/3x4BbsYUTg
U.S. Dollar Higher on Stronger Domestic Data, Safe Haven Bets

U.S. Dollar Higher on Stronger Domestic Data, Safe Haven Bets

2013-03-29 01:11:00
Christopher Almeida,
Share:
US_Dollar_Higher_on_Stronger_Domestic_Data_Safe_Haven_Bets_body_rewind_29_march.png, U.S. Dollar Higher on Stronger Domestic Data, Safe Haven Bets

Created Using Marketscope 2.0

THE TAKEAWAY: The U.S. Dollar Index ended the week slightly higher after positive data encouraged investors, and offshore concerns supported safe-haven bets.

The start of the week saw some large gains in the U.S Dollar as the Chicago Fed printed a National Activity Index for February of 0.44 versus a January result of -0.32. This improvement was again reaffirmed by the Dallas Federal Reserve Bank which reported a Manufacturing Activity Index of 7.4 in March versus a 2.2 print for February and a forecast of 3.2.

The Dollar entered into a period of consolidation after the initial rally, and then finally rose as safe-haven bets started to gain traction as wider risk trends started to weigh on the minds of investors. A CBS interview with the New York Federal Reserve President William Dudley then saw traders seek the Greenback as Dudley provided a reasonably cautious outlook saying that the fiscal drag in the United States of America was at its most intense point.

The Greenback continued to regain some safe-haven status as the S&P fell as U.K. GDP fell 0.3% in the fourth quarter. This sent the Pound sharply lower against its American counterpart sending the U.S. Dollar Index past the 10,475 mark. Traders started to take some money off the table later in the week as catalysts for more gains in the Dollar became less clear, and on Thursday afternoon, the Greenback fell sharply as economists expected a Chicago report of Business Conditions to show 56.5 but were disappointed when the printed number yielded 52.4.

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

DISCLOSURES

News & Analysis at your fingertips.