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
Wall Street
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
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/bde30KM8OE
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here: https://t.co/sjh91mjtXs https://t.co/dGT067zKnH
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/VLZQhrQTAf
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here: https://t.co/Xr3xtoFpZy https://t.co/j5xDAG6LLb
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here: https://t.co/m920Uvmngm https://t.co/yQYtfHf66s
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1dg6y3 https://t.co/Dqq9S9vGvo
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/lccPTTlvj0
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here: https://t.co/WIKdSesfkJ https://t.co/Fx0qr32xgI
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/IRS9MaA7h8
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here: https://www.dailyfx.com/forex/fundamental/forecast/weekly/CHF/2021/09/18/Gold-Price-Outlook-Hinges-on-Fed-Rate-Decision-Forward-Guidance.html https://t.co/dWWxtErjK0
USD Dented, but Not Harmed, by US Government Shutdown - So Far

USD Dented, but Not Harmed, by US Government Shutdown - So Far

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- Traders are largely shrugging off news of the US government shutdown, as political theater and gridlock have become the norm in Washington, D.C. over the past decade.

- Next vote on a bill to end the shutdown will come in the Senate at 12 EST/17 GMT today.

- Retail trader sentiment suggests a tougher trading environment for the US Dollar heading into next week.

Upcoming Webinars for Week of January 21 to 26, 2018

Today at 7:30 EST/12:30 GMT: FX Week Ahead: Strategy for Major Event Risk

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

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

See the full DailyFX Webinar Calendar for other upcoming strategy sessions

The US Dollar (via DXY Index) gapped lower to start the week as the US federal government shutdown entered day three. However, with various Senators sounding optimistic that a deal could get done soon, there has been very little follow through on the initial weakness seen when FX markets opened up for the week. The next vote on a bill to end the shutdown will come in the Senate at 12 EST/17 GMT today.

Elsewhere, the Euro has been rather quiet this morning with all attention on the United States. The calendar is completely empty on the day, and the news that a German coalition government would be coming together under Chancellor Angela Merkel was already priced in.

The British Pound has enjoyed a bit more liveliness than the Euro this morning, despite an equally quiet economic calendar. Instead, focus is on commentary from French President Emmanuel Macron, who said that the UK could get a special trade deal with the EU post-Brexit. While the official negotiations don't begin in earnest until March, such remarks are a sign that things are moving in the right direction for a 'soft Brexit' for the UK.

Overall, the US Dollar has been dented, but not truly harmed, by the US government shutdown so far. US Treasury yields continue to nudge higher, with the 10-year yield now at its highest level since July 7, 2014. Meanwhile, US equity markets continue to linger near all-time highs (per futures markets) ahead of the implied cash equity open this morning.

As things stand, traders are largely shrugging off news of the US government shutdown, as political theater and gridlock have become the norm in Washington, D.C. over the past decade.

Read more: The Big Question This Week: Is the Euro Too Strong?

--- Written by Christopher Vecchio, CFA, Senior 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