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
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 1.15% Wall Street: 0.59% FTSE 100: 0.09% Germany 30: 0.08% France 40: 0.05% View the performance of all markets via
  • Joe Biden is officially sworn in as President of the United States.
  • Joe Biden sworn in as 46th President of the US. $USD
  • Heads Up:🇬🇧 BoE Gov Bailey Speech due at 17:00 GMT (15min)
  • $EURCAD fell from around 1.5440 to around 1.5300, hitting its lowest level since early July, following no change to BoC's policy and a press conference from BoC Gov. Macklem. $EUR $CAD
  • $EURUSD is bouncing between well-established technical levels - to the upside the midpoint of the pair's historical range and head-and-shoulders neckline. Downside, 38.2% Fib of past three months run and 50 DMA
  • BoC Governor Macklem: - Rise in Canadian Dollar does pose some risk - We don't target the Canadian Dollar - Most appreciation in Canadian Dollar is coming from broad-based depreciation of US Dollar #BoC $CAD
  • BoC Governor Macklem - Micro-cut is one option available to the BoC - If we see further appreciation of CAD that will become more of a headwind and that presents downward risk to our projections $CAD
  • BoC Governor Macklem: - We could increase pace or shift composition of QE purchases - Yield curve control is an option - BoC reviews the full range of options and will use these options if necessary #BoC $CAD
  • Hey traders! Get your Wednesday market update from @DailyFX Chief Strategist @JohnKicklighter 👇. He covers the US Presidential inauguration and more!
Update on Fed Chief Shopping Lands USDollar in a Gap

Update on Fed Chief Shopping Lands USDollar in a Gap

Benjamin Spier, Technical Strategist
  • Summers withdraws bid for Fed Chief
  • Empire Manufacturing at a four month low
  • US Dollar sets a 58 point gap

Want to trade with proprietary strategies developed by FXCM? Find out how here.

A look back at the past 24 hours of Forex trading using movements in the US Dollar Index

US Dollar 15-Minute 08:00 09/13 to 08:00 09/16 EST

Update_on_Fed_Chief_Shopping_Lands_USDollar_in_a_Gap__body_Picture_1.png, Update on Fed Chief Shopping Lands USDollar in a Gap

Charts created by Benjamin Spier using Marketscope 2.0

The US Dollar set a significant 58 point gap between Friday’s close and Monday’s open, following a weekend headline that Lawrence Summers withdrew his bid to take over as Fed Chairman in January. Summers was considered to be the frontrunner against the more-dovish candidate Janet Yellen. Therefore, news that Summers was no longer in the running for the position weakened the US Dollar against the major pairs.

At the very beginning of the North American session on Friday, the US Dollar also declined a bit on a White House denial of a false story that Summers was chosen as President Obama’s nominee, as was explained in the last USD graphic rewind.

Finally, at the beginning of today’s North American session, US Dollar lost a bit more against majors when Empire State Manufacturing was unexpectedly announced at a four month low. The reaction to the release may exemplify the sensitivity to US economic releases in this ‘Septaper’ focused trading environment.

New to Forex? Watch this video

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to .

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