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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.25%, while traders in Germany 30 are at opposite extremes with 77.17%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dYXU7ukRwn
  • Heads Up:🇿🇦 Balance of Trade (OCT) due at 12:00 GMT (15min) Previous: ZAR33.51B https://www.dailyfx.com/economic-calendar#2020-11-30
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.57% Gold: -0.85% Silver: -1.92% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/sqkI5pXajb
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.31% 🇨🇦CAD: 0.28% 🇬🇧GBP: 0.18% 🇯🇵JPY: 0.10% 🇨🇭CHF: 0.10% 🇦🇺AUD: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JtkOOLrtBz
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-30
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.20% FTSE 100: 0.11% France 40: -0.39% US 500: -0.45% Wall Street: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Z8IqQDxEvC
  • Dividend investing is the practice of investing in dividend-paying stocks. Why should you invest in dividend stocks? Find out: https://t.co/v8jRlj0OvP https://t.co/84CzBgWQLg
  • Heads Up:💶 ECB President Lagarde Speech due at 10:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-30
  • 🇮🇹 Inflation Rate YoY Prel (NOV) Actual: -0.2% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-11-30
  • Heads Up:🇮🇹 Inflation Rate YoY Prel (NOV) due at 10:00 GMT (15min) Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-11-30
Graphic Rewind: US Dollar Falls to a Weekly Low Despite Lack of Local News

Graphic Rewind: US Dollar Falls to a Weekly Low Despite Lack of Local News

2014-01-22 18:46:00
Benjamin Spier, Technical Strategist
Share:

Talking Points:

  • US Dollar falls to a new weekly low despite a lack of releases this week
  • Greenback posts losses against the Aussie on higher inflation

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

US Dollar 15-Minute 12:00 01/21 to 12:00 01/22 EST

Graphic_Rewind_US_Dollar_Falls_to_a_Weekly_Low_Despite_Lack_of_News_body_Picture_1.png, Graphic Rewind: US Dollar Falls to a Weekly Low Despite Lack of Local News

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

The Dow Jones FXCM Dollar Index has fallen to a new 5-day low in a week that has so far lacked a single US data release, as the Yen, Aussie, and Pound each took turns rising against the greenback on Wednesday on better than expected local releases.

The dollar decline began in the Tokyo session on the announcement of Australian inflation in Q4 at 0.3 percentage points higher than expected. AUD/USD popped 80 pips following the release and set a new 4-day high.

The dollar losses continued with the release of the Bank of Japan monetary policy decision. Although there was no policy change and the inflation outlook was unchanged, the BoJ also did not look ready to propose any further easing which may have discouraged some Yen bears and led to a decline in USD/JPY.

Finally, GBP/USD rallied to a new 14-day high on the announcement that unemployment fell to 7.1% in the September through November period, despite comments from the Bank of England minutes that the MPC is in no rush to raise interest rates.

New to Forex? Watch this video

Charts created by Benjamin Spier using Marketscope 2.0

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES