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
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇺🇸 Fed Brainard Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-11
  • RT @carlquintanilla: * WHITE HOUSE TO ANNOUNCE NEW PARTNERSHIP WITH RIDE SHARING COMPANIES $UBER, $LYFT TO MAKE ALL RIDES TO AND FROM VACCI…
  • The Nasdaq 100 to Dow ratio took another serious hit this morning to readily clear the floor of its 10 months of congestion. Where is Hans Gruber when you need him? https://t.co/kwGiIMgFM8
  • Lumber futures pacing back-to-back declines for the first time since mid-March. Read up on the lumber market here: https://www.dailyfx.com/forex/fundamental/article/weekly_spotlight/2021/05/07/will-lumber-prices-prick-us-housing-bubble-or-will-low-rates-prevail.html $LB $LBS #Commodities https://t.co/O4zA7u5yaH
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.30% 🇯🇵JPY: 0.26% 🇬🇧GBP: 0.21% 🇳🇿NZD: -0.01% 🇨🇦CAD: -0.02% 🇨🇭CHF: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Q57TKC4p2W
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -1.67% Wall Street: -1.78% France 40: -2.34% Germany 30: -2.38% FTSE 100: -2.78% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/qXVjzv7tfg
  • Fed's Mester: -Want to see more, broader progress in recovery -May end year with inflation above 2%, but falling next year -Sees upside risks to inflation forecast -Sees upward valuation pressures in equity markets -Don't see elevated market risks now, but must be attuned $SPX
  • Inflation concerns revive the reflation trade, evident in yesterday’s Nasdaq drop DAX 30 likely to face increase selling pressure as tech stocks unwind. Get your market update from @HathornSabin here:https://t.co/LH8K92N8LY https://t.co/BB2FDC9qtW
  • Hey traders! Risk aversion really picked up yesterday at the close of the session. What is in-store today? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/wJkVH4AZUY
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.49% Oil - US Crude: 0.35% Gold: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/GKaLs4uLkI
US Dollar Strength Tentative, Selective at Best

US Dollar Strength Tentative, Selective at Best

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EUR strength post-CPI lost; GBPUSD nears key EMA support.

- USDCAD triangle breakout contingent on Canadian GDP today.

- See the DailyFX Economic Calendar for Tuesday, March 3, 2015.

Event risk is heavy the next few days, although today may be a lull in the storm. Data flow out of Europe was light this morning, and the only significant event on the calendar for the North American trading session is the December and Q4'14 Canadian GDP report. If they're not operating in the CAD-crosses, traders most likely have an eye turned to Thursday and Friday for cues for direction in the Euro, Sterling, and US Dollar.

See the above video for technical considerations in EURUSD, GBPUSD, AUDUSD, and USDCAD.

Read more: Too Early to Call a Bottom in EUR-crosses Despite CPI Data

--- Written by Christopher Vecchio, Currency Strategist

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

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

DISCLOSURES