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.

Free Trading Guides
EUR/USD
Bearish
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
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
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
GBP/USD
Mixed
USD/JPY
Bearish
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
  • EUR/GBP Forecast: Levels & Signals to Consider- Euro vs GBP Price Outlook More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/eur-gbp/2020/04/03/EURGBP-Forecast-Levels-Signals-to-Consider--Euro-vs-GBP-Price-Outlook-MK.html?CHID=9&QPID=917714 https://t.co/HCt1SLVG8V
  • 🇺🇸 USD Baker Hughes U.S. Rig Count (APR 3), Actual: 664 Expected: N/A Previous: 728 https://www.dailyfx.com/economic-calendar#2020-04-03
  • Russia to attend OPEC+ meeting on April 6th - TASS
  • Hey traders! With the weekend around the corner during quarantine, we hope you have planned some catching up with friends & family and of course binge-watching series! #quarantineplans https://t.co/SZMQcOIMjw
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.35%, while traders in US 500 are at opposite extremes with 68.63%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/36XYnpSUDv
  • Heads Up:🇺🇸 USD Baker Hughes U.S. Rig Count (APR 3) due at 17:00 GMT (15min), Actual: N/A Expected: N/A Previous: 728 https://www.dailyfx.com/economic-calendar#2020-04-03
  • Russian President Putin says cuts to production could be slightly higher or lower than 10 million bpd $CL_F
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 6.72% Gold: 0.32% Silver: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/pJBXcra8CM
  • Italy virus deaths total 14,681 currently $EURUSD
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.03% 🇨🇭CHF: -0.48% 🇯🇵JPY: -0.50% 🇳🇿NZD: -1.00% 🇦🇺AUD: -1.02% 🇬🇧GBP: -1.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/epF85BIpbN
Fed Hints at 2015 Rate Hike Giving USD Much Needed Lift

Fed Hints at 2015 Rate Hike Giving USD Much Needed Lift

2014-03-20 11:40:00
Christopher Vecchio, CFA, Senior Strategist
Share:

Talking Points:

- EURUSD breaks key support levels lower - bias shifting negative.

- USDJPY runs through first long trigger level, watch equities.

- Several important events on the US economic calendar today.

To keep up with developments central banks and their policy changes, be sure to sign up for my distribution list.

The EURUSD and USDJPY are breaking out of short-term congestion patterns supportive of further US Dollar strength. It all started yesterday after the Federal Reserve indicated that it not only intended to continue tapering QE3 by $10B month (now down to $55B/month in total), but that there would only be a limited cushion between the end of QE3 and the first interest rate hike.

While QE3 looks to be on pace to be fully tapered by the 4Q'14 - culminating in a larger $15B cut in October or $10B in October and $5B in December - Fed Chair Yellen's commentary that there would be approximately six months between the end of QE3 and the first Fed rate hike has spooked markets.

The US Dollar, which was one of the worst performers of the year up until yesterday, has seen a major relief rally as the US yield curve has gone "belly up," and now further gains versus the Euro (EURUSD price lower) and the Japanese Yen (USDJPY price higher) could gather.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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

DISCLOSURES

News & Analysis at your fingertips.