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. See our updated Privacy Policy here.

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
Oil - US Crude
Bullish
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
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/arxYmtQeUn https://t.co/rFlQtyQS81
  • Canadian Dollar snapped a three-week losing streak after USD/CAD stalled at key technical resistance. Get your CAD weekly forecast from @MBForex here: https://t.co/BPHuKecwnz https://t.co/73OmuCKfU9
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/KzhQnGiLyt
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/cuneuJNZlH
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/danCiP5vqK
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/JhYoQ7I19K
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here: https://t.co/BEYupi32qB https://t.co/PWeXE8tZVY
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/t34kotPE8R
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/lM1OIJdjhr
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/6qGEVjDlN6
Forex: Bank Research Consensus Weekly 12.17.12

Forex: Bank Research Consensus Weekly 12.17.12

David Song, Strategist
Forex_Bank_Research_Consensus_Weekly_12.17.12_body_BankResearch.png, Forex: Bank Research Consensus Weekly 12.17.12

FX: Central Banks in Focus

Arne Lohmann Rasmussen, Chief Analyst, Danske Bank

Main event this week was the announcement that the Fed will purchase USD40bn in mortgage-backed securities and USD45bn in longer-term Treasury securities. If the programme is continued for 12 months, this would imply a total balance sheet expansion of USD1,020bn. In other words, very aggressive monetary easing, which should surely be dollar negative.Continued monetary easing from the Fed is in our view supportive for carry strategies of which we recommend four of in our FX Top Trades 2013.

Full Story

FOMC Easing Creates Pricing Issues

John E. Silvia, Chief Economist, Wells Fargo

As expected, the Federal Open Market Committee (FOMC) decided to continue with the current easing program. With its supply of short-term securities running low, the Fed will now simply buy long-term Treasury securities of about $45 billion per month. This should increase the Fed’s balance sheet and thereby supply greater liquidity to capital markets. Yet, for financial market and private decision makers, the continued pursuit of lower unemployment in the labor market through monetary policy is creating a greater pricing problem over time in other markets and longer-run inflation risks as evidenced by the sell-off in Treasuries and the dollar.

Full Story

U.S. – On Guideposts And Magic Wands

Martin Schwerdtfeger, Senior Economist, TD Bank Financial Group

Nobody would dare and doubt the resolve of Fed Chairman Bernanke when he claimed that if “we could wave a magic wand and get unemployment down to 5 percent tomorrow, obviously we would do that”; but, in the absence of magic, Mr. Bernanke and his colleagues at the FOMC decided this week to stick with other tricks from their repertoire. First, they decided to continue buying agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities, initially to the tune of $45 billion per month. Finally, the Committee also modified its guidance about future changes to the interest rate. Namely, they anticipate that the federal funds rate is likely to stay exceptionally low at least as long as the unemployment rate remains above 6.5%, provided that inflation over the next two years is projected not to exceed 2.5%, and that longer-term inflation expectations remain stable. However, Chairman Bernanke emphasized that these thresholds are not automatic triggers for rate increases, but rather guideposts in terms of when the reduction of accommodation could begin.

Full Story

Compiled by David Song, Currency Analyst

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

DISCLOSURES