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.

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
  • US equities continue to run higher with the Nasdaq 100 setting a fresh all-time-high, not even three months after giving back almost a third of its value in about a month. Get your #Nasdaq technical analysis from @JStanleyFX here: https://t.co/1LI54uvI8x https://t.co/e9FvSLqfaA
  • The US Dollar may be at risk to losses against some of its #ASEAN counterparts. USD/SGD, USD/PHP, USD/MYR and USD/IDR have recently broken to the downside. Will losses continue? Find out from @ddubrovskyFX here: https://t.co/0RTlj6maTT https://t.co/UyQ4i0AihI
  • The British Pound technical outlook still seems to favor the downside. GBP/CAD may pressure key rising support from August as GBP/AUD could prolong its downtrend. GBP/CHF may fall. Get your $GBP market update from @ddubrovskyFX here: https://t.co/hBOpDKXmfW https://t.co/AJlT2YKeCu
  • USD/JPY is approaching medium-term uptrend resistance and while the outlook remains constructive, the advance may be vulnerable near-term while below confluence resistance. Get your $USDJPY technical analysis from @MBForex here: https://t.co/93D7AyhHtG https://t.co/KQcLLrkMP3
  • AUD/USD has had the most impressive show of trend over the past couple of months with the pair gaining almost 1500 pips from the March low. Get your $AUDUSD technical analysis from @JStanleyFX here: https://t.co/vLz4Rpln3u https://t.co/AOwnJja5V8
  • Has the #Euro been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/AyRiYpb4cN
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/ygwjGNvS61
  • The $USD, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop. Find out from @ZabelinDimitri here: https://t.co/L8cfAgVx94 https://t.co/THWhPAS6AM
  • The price of #gold plunged 1% immediately after the stunning US jobs report crossed the wires. Get your market update from @RichDvorakFX here: https://t.co/8i0L6YIqjy https://t.co/y9dIXazJf9
  • S&P 500, Dow Jones, Nasdaq explode higher with stocks surging in response to shockingly better-than-expected monthly jobs data. Get your #equities market update from @RichDvorakFX here: https://t.co/nuMVWOzzuC https://t.co/M3nGBjd7kZ
U.S. Dollar Higher As China, U.K. Growth Concerns Worry Investors

U.S. Dollar Higher As China, U.K. Growth Concerns Worry Investors

2013-04-19 04:08:00
Christopher Almeida,
U.S._Dollar_Higher_As_China_U.K._Growth_Concerns_Worry_Investors_body_rewind_19th_april_2013.png, U.S. Dollar Higher As China, U.K. Growth Concerns Worry Investors

Created Using Marketscope 2.0

THE TAKEAWAY: The U.S. Dollar strengthened this week despite improving data from Europe and the U.K., as stock markets fell and investors speculated that wider risk aversion trends were returning.

The U.S. Dollar had a strong start to the week as China reported that its GDP grew 7.7 per cent which disappointed analysts who were expecting an 8 per cent figure for growth. The Australian Dollar, which is closely tied with growth in China, fell against the Greenback as investors lost some confidence in the commodity based currency. The rally continued into the week however it was not without volatility as sharp losses in the Dollar were experienced against the Euro as the E.U. declared a budget surplus of more than 1 billion Euros. An in-line print of the U.K. Consumer Price Index saw the Pound rally against its counterparts, and further losses were experienced in the American currency as the Federal Reserve’s Governor Elizabeth Duke spoke to bankers in Washington. In her speech, Duke said that the U.S. economy was recovering, and that low rates would not last forever. A sell-off in the Dollar ensued as Duke’s remarks that the housing market was recovering saw investors dump their safe asset holdings for riskier investments.

Downward pressure on the Greenback subsided and the currency embarked on a rally that would see the Dollar Index go from below 10,450 to above 10,525. Wednesday saw the release of the Bank of England’s Minutes from their April meeting which again had Mervyn King losing a vote to increase the Qualitative Easing program. The minutes stated that further asset purchases could facilitate a smoother path to economic equilibrium, and the Pound fell against the U.S. Dollar on news that it had been voted down. The Dollar continued to rally as the S&P500 Index experienced losses in New York trading. Finally, the Federal Reserve’s Beige Book was released and saw the economy grow at a moderate pace through April, and saw a more upbeat sentiment forcing investors in the safe-haven currency to consolidate their positions and perhaps take some money off the table. Going into the weekend speculators are still unsure whether wider risk aversion is taking over or not.

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


News & Analysis at your fingertips.