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.



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
Wall Street
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
  • 8 out of 11 S&P 500 sectors ended higher, with 69.5% of the index’s constituents closing in the green. Financials (+0.61%) and information technology (+0.56%) outperformed, while healthcare (-0.73%) and real estate (-0.59%) trailed behind.
  • 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:
  • What is your forex trading style? Take the quiz and find out:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here:
  • 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:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • 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:
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
FOMC Minutes Later Today - USD Set for October 28 Redux

FOMC Minutes Later Today - USD Set for October 28 Redux

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EUR/USD continues to track the daily 8-EMA lower.

- Fed's October policy statement's evolution from September important.

- See the November forex seasonality report that forecasts US Dollar strength.

Later today at 14:00 EST/19:00 GMT, the Federal Reserve will release the minutes from their October 27-28 policy meeting. Typically, these minutes only generate a modest market reaction; but given the outcome of the October meeting, and in turn, the expectations for the December 16 meeting, today's set of minutes may carry additional weight.

Indeed, the October 28 policy statement release came as a surprise to market participants given the Fed's upgraded tone, leading to a broad US Dollar rally. In September, Fed officials declined the opportunity to raise rates due to a litany of factors, including: persistent low inflation due to the sustained drop in energy prices; the growth melt-off in emerging markets; and financial market volatility due to ongoing issues in China. Yet the October policy statement was notably absent of these concerns, leading traders to stake out rather aggressive USD-long positions in its wake.

While markets are already aware of the shift in Fed tone, due to the proximity in the shift relative to the extected rate hike event horizon, markets are likely to pay extra attention today to the details: what provoked the Fed to change its calculus and upgrade its assessments.

Notably, we'll be looking for signs that Fed officials were looking for incoming data to continue its improved trend as a sine qua non to any rate hike in December. If that's revealed, then the US Dollar already has a strong case to make: the recent October US Nonfarm Payrolls report was arguably the best report of 2015; and recent inflation data suggests that non-rent services - perhaps due to rising labor costs - are seeing higher prices (per Bloomberg Intelligence Economists Josh Wright and Carl Riccadonna).

The review of the meeting at which the Fed upgraded their assessments could prove to not only reaffirm traders' collective belief in action next month, but likewise cement the USDOLLAR Index in its recent breakout attempt amid rising interest rate expectations.

USDOLLAR Index Daily Chart: April 2015 to Present

USDOLLAR Index daily chart

Read more: EUR/JPY Not Taking USD/JPY, GBP/JPY Cues - EUR-crosses Look Soft

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

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.