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
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
  • $GBPUSD not far off the big 1.4000 psych level that has been in focus for much of the year
  • $USDCAD has dropped below its 20-day moving average for the first time in 38 trading days. As far as monetary policy focused crosses go, this is a good one; and the BOC has already tapered twice as the Fed drags its feet
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.76% 🇬🇧GBP: 0.51% 🇨🇦CAD: 0.44% 🇪🇺EUR: 0.33% 🇦🇺AUD: 0.23% 🇯🇵JPY: 0.20% View the performance of all markets via
  • Seeing some continued US Dollar weakness post-FOMC as expected. $DXY hitting fresh monthly lows with weekly jobless claims data and the 2Q GDP report released this morning both disappointing relative to consensus. Link to Analysis -
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.88% US 500: 0.52% France 40: 0.50% Wall Street: 0.49% Germany 30: 0.36% View the performance of all markets via
  • The US 2Q GDP was technically better than the previous quarter at 6.5% (prev 6.3% revised down), but far more tame than the 8.4% forecasted. The $DXY Dollar Index is responding to the data with its fourth consecutive slide
  • White House says it is necessary for congress to extend eviction moratorium, current ban cannot be extended unilaterally after high court case -BBG
  • AUD/USD defends the advance following the Federal Reserve interest rate decision as the US Gross Domestic Product (GDP) report warns of a weaker-than-expected recovery. Get your $AUD market update from @DavidJSong here:
  • RT @WVenketas: #FTSE100 index up 1% today and 9.70% YTD after several constituents posted record #earnings results with help from a #dovish…
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 3.01% Gold: 1.15% Oil - US Crude: 0.57% View the performance of all markets via
DXY Index Firms Up, but Still Stuck in Range

DXY Index Firms Up, but Still Stuck in Range

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- The US Dollar is finding a bid today against the Euro and the Japanese Yen, two currencies it has struggled against since the start of November.

- Despite a push to fresh monthly lows, AUD/USD has reversed and is now looking at a potential bullish key reversal on the day.

- Retail trader sentiment now suggests mixed conditions for the US Dollar around the Thanksgiving holiday.

Upcoming Webinars for Week of November 19 to 24, 2017

Wednesday at 6:00 EST/11:00 GMT: Mid-Week Trading Q&A

Wednesday at 7:30 EST/12:30 GMT: Central Bank Weekly

See the full DailyFX Webinar Calendar for other upcoming strategy sessions

The US Dollar has stabilized ahead of the holiday, and that may be just about all the greenback will do. The steep drop on November 14 found the DXY Index trading between the October 26 bullish outside engulfing bar low and the July 26 baerish engulfing bar high.

Since then, over the past week, price has yet to leave this newly-minted range; and given the liquidity drain expected over the coming days, it's not exactly the ideal conditions for a breakout.

Despite holding support near 93.48, technical damage has been done to the US Dollar's rally from the September lows. Not only has the three-week range from October 26 to November 14 broke, but so too has the uptrend from the September 8, 20, and October 13 lows. Momentum has swung lower as well, with the DXY Index still trading below its daily 8-, 13-, and 21-EMAs, and MACD and Stochastics trending lower (albeit in bullish territory still).

For now, all this equates to is it being appropriate to hold a broadly neutral US Dollar bias for the coming days; there may be individual instances in which a particular pair can be labeled 'bullish' or 'bearish' otherwise.

As the holiday nears, we'll be watching AUD/USD (bullish key reversal forming today) and USD/CHF (holding 0.9840) for potential opportunities. See the above video for full technical considerations in AUD/USD and USD/CHF, as well as in the DXY Index, EUR/USD, GBP/USD, and USD/JPY.

Read more: FX Markets Look to Pockets of Event Risk During US Holiday Week

--- Written by Christopher Vecchio, CFA, Senior 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.