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
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
Wall Street
More View more
Real Time News
  • What's the difference between leading and lagging indicators? Find out from here:
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here:
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here. #DailyFXGuides
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here:
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
Rewind: USD Rumbles Through a Busy Week, Excitement to Continue

Rewind: USD Rumbles Through a Busy Week, Excitement to Continue

Baruch Spier,

Talking Points:

  • US Dollar Index closes 5 points above the open
  • PMI’s and Inflation releases swat greenback around
  • Next week to include GDP, NFP’s, and FOMC

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

US Dollar 1-Hour 17:00 04/21 to 17:00 04/25 EST

Rewind: USD Rumbles Through a Busy Week, Excitement to Continue

Add the Trading Session Hours Indicator to your own Forex charts atFXCM Apps.

The Dow Jones FXCM US Dollar Index closed the week only 5 points higher than last Sunday’s open, but the greenback managed to post a fair amount of both gains and losses on a mix of releases from around the globe.

Monday’s trading in Forex markets was fairly muted, as there were limited releases and many traders may have returned late from their holiday weekends.

Shortly after the Tuesday close, the US Dollar posted significant gains on news that Australian inflation fell 0.3 percentage points short of expectations for the first quarter of 2014. AUD/USD declined over forty pips on the combination of the consumer prices release and the announcement that the HSBC Chinese Manufacturing PMI met expectations for April.

However, the greenback gave back some of those gains when Euro-zone and German PMI’s significantly beat expectations in the first April estimate. The Euro-zone composite PMI was an entire point higher than expected, and EUR/USD rallied 50 pips on the release.

The US Dollar went on to set a weekly high on Thursday just above 10,490 on the announcement that US Durable Goods Orders increased by the most in four months in March. Almost all of those gains proved temporary, as the greenback slowly fell back through the rest of the week’s trading.

A slightly worse than expected Japanese inflation release for March did not significantly move Yen trading, and the dollar decline continued shortly after the release.

Next week has an amazing amount of high importance US data; US GDP, the FOMC meeting, and the Change in Non-Farm Payrolls all fall in the same week.

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

Charts created by Baruch Spier using Marketscope 2.0

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

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