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  • GBP/CAD has broken below the September uptrend while EUR/CAD may be ending its consecutive 12 day decline with EUR/CHF approaching key resistance as NZD/CAD aims at November lows. Get your currencies update from @ZabelinDimitri here: https://t.co/GpRB7IKhTA https://t.co/ThUcTZF4nz
  • My trading video for today: 'S&P 500 Suffers Its Worst Weekly Open Since 1981 as Coronavirus Fears Evolve' https://www.dailyfx.com/forex/video/daily_news_report/2020/02/25/SP-500-Suffers-Its-Worst-Weekly-Open-Since-1981-as-Coronavirus-Fears-Evolve.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/jWs8Db1rP7
  • Gold prices have remained bid for much of the past two weeks, and of recent, as that risk aversion theme has further priced-in to global markets. Get your XAU/USD technical analysis here: https://t.co/bc6ppTfJA1 https://t.co/yJQnEeLSth
  • Japan's Prime Minister Shinzo Abe: Government has put together policy on coronavirus measures, vital to limit spread of virus within Japan -BBG
  • The $USD rose as the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso fell. Emerging market capital outflows and the Fed’s repos are a key risk to the latter. Get your market update from @ddubrovskyFX here:https://t.co/CqxkyKCt12 https://t.co/IonjBYFj9u
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.43% Silver: -0.09% Gold: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/s7cmjiLqBH
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.23% 🇳🇿NZD: 0.20% 🇬🇧GBP: 0.10% 🇨🇦CAD: 0.06% 🇨🇭CHF: 0.05% 🇯🇵JPY: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/5B80pXcSaI
  • The #ASX200 stock index hit record highs this year but those days seem unlikely to return anytime soon as even equity buckles before the #coronavirus outbreak. https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/25/Australian-Dollar-ASX-Recouple-in-Misery-as-Coronavirus-Spreads.html?utm_source=Twitter&utm_medium=Cottle&utm_campaign=twr #AUD, #AUDUSD, #Australianbonds
  • LIVE NOW! Senior Currency Strategist @IlyaSpivak discusses the technical and fundamental $AUDUSD outlook for the week ahead here - https://www.dailyfx.com/webinars/378612179?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.61%, while traders in USD/CAD are at opposite extremes with 69.79%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fxZYAt6ZyZ
Bank Research Consensus Weekly 10.31.11

Bank Research Consensus Weekly 10.31.11

2011-10-31 20:10:00
David Song, Currency Strategist
Bank_Research_Consensus_Weekly_10.31.11_body_BankResearch.png, Bank Research Consensus Weekly 10.31.11

The Past, the People, the Policies

Spyros Andreopoulos, Morgan Stanley

Understanding central bank policies in the era of DDD (debt, deficits and deleveraging) requires understanding what shapes the thoughts of the people that make the decisions in these institutions.Most policy committees at central banks these days include a fair amount of (former) academic economists. Many of these have spent substantial parts of their careers studying ‘depression economics': the Great Depression of the 1930s, the Japanese slump of the 1990s, or both. (The two episodes hold an enduring fascination for economists, as they are both insufficiently understood and highly important from a policy perspective - therefore constituting a worthwhile intellectual battleground.) What informs the policy choices and strategies in these institutions at the current juncture are therefore, among other things, the lessons drawn from the past - including past mistakes.

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Dollar Sell-Off Catches Investors on the Wrong Foot

Kasper Kirkegaard, Senior Analyst, Danske BankThe dollar has fallen just as fast as it rallied and is now almost back to August levels. This has caught the market on the wrong foot, as a general euro bearish sentiment meant that investors had been sitting on significant short euro positions. These are now being unwound – explaining the speed of the correction.

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Financial Repression: Expensive Education for Savers

John E. Silvia, Chief Economist, Wells Fargo

In the early years of the post-WWII period, the Federal Reserve continued its policy of keeping nominal interest rates low to support U.S. Treasury financing of its debt at low interest rates. Unfortunately, in the post-WWII era, inflation rose double digits, on average, over the period 1947 and 1948. For savers during the war and over the early post-war period, this was an expensive lesson. In 1951, the Fed and the Treasury reached an accord that ended the Fed policy of low interest rates to help the Treasury finance its debt.

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United States – Plans To Save The World

James Marple, Senior Economist,TD Bank Financial Group

Without a doubt the theme of the last week was policy makers’ actions to avoid economic and financial catastrophe. In Europe, policy makers worked into the wee hours of Thursday morning to come up with a three part rescue plan for the Eurozone (see our report). Financial markets were relatively optimistic on initial receipt of the plan. Global equities rose and the Euro rallied. However, some of these early gains have since been unwound as details (or more accurately the lack thereof) were digested.

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Other Pre-screened Independent Contributors


J-Chart is an innovative charting and bias-neutral market analysis tool. Based on its proprietary theoretical concept and display of market price action, J-Chart provides a much clearer and unique insight into the market than conventional charting methods. This innovative charting and market analysis tool is designed to visualize market price action that constructs unique price patterns called "Equilibriums". Based on its "non-fixed time frame" concept and "Kinetic Equilibrium" application, J-Chart users are able to forecast markets' future movements with high accuracy.

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Compiled by David Song, Currency Analyst


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