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.



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
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
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • 🇮🇳 Markit Manufacturing PMI (SEP) Actual: 56.8 Expected: 52.8 Previous: 52
  • Trump signs stopgap funding bill to avert government shutdown -BBG
  • #USD is again struggling against #ASEAN currencies as of late Could recent gains seen in $USDSGD, $USDMYR, $USDPHP and $USDIDR be at risk? Check out my latest tech update here -
  • Heads Up:🇮🇳 Markit Manufacturing PMI (SEP) due at 05:00 GMT (15min) Expected: 52.8 Previous: 52
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.17%, while traders in Wall Street are at opposite extremes with 67.02%. See the summary chart below and full details and charts on DailyFX:
  • What is seasonal change in volatility. Are we going through one right now? Find out:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.20% 🇨🇦CAD: 0.19% 🇪🇺EUR: 0.19% 🇨🇭CHF: 0.15% 🇬🇧GBP: 0.12% 🇯🇵JPY: 0.02% View the performance of all markets via
  • White House Chief of Staff Mark Meadows: White House virus stimulus counteroffer above $1.5 trillion -BBG
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.73% US 500: 0.59% FTSE 100: 0.42% France 40: 0.22% Germany 30: 0.21% View the performance of all markets via
EUR/USD to Find Near-Term Relief on Delayed Fed Rate-Hike

EUR/USD to Find Near-Term Relief on Delayed Fed Rate-Hike

2015-10-28 14:25:00
David Song, Shuyang Ren,

- Federal Open Market Committee (FOMC) Expected to Preserve Current Policy in October.

- Will There Be Another 9-1 Split Within the Committee?

Trading the News: Federal Open Market Committee (FOMC) Interest Rate Decision

Based on Fed Funds Futures, market participants are pricing a 4% probability for a rate-hike a the Federal Open Market Committee’s (FOMC) October 28 interest rate decision, and more of the same from Janet Yellen and Co. may encourage a near-term rebound in EUR/USD as the central bank further delays the normalization cycle.

What’s Expected:


Click Here for the DailyFX Calendar

Why Is This Event Important:

Even though the FOMC remains on course to remove the zero-interest rate policy (ZIRP), the central bank may try to buy more time amid the downside risks surrounding the real economy, and the dollar may largely struggle to retain the advance from earlier this month should the policy statement reveal another 9-1 split within the committee.

Expectations: Bearish Argument/Scenario




Consumer Confidence (OCT)



Advance Retail Sales (MoM) (SEP)



Average Weekly Earnings (YoY) (SEP)



Subdued wage growth paired with the ongoing slack in private-sector consumption may push Chair Janet Yellen to endorse a wait-and-see approach, and increased uncertainty surrounding the timing of the Fed liftoff may produce near-term headwinds for the greenback as market participants scale back bets for higher borrowing-costs.

Risk: Bullish Argument/Scenario




Existing Home Sales (MoM) (SEP)



Housing Starts (MoM) (SEP)



Consumer Price Index Core (YoY) (SEP)



Nevertheless, the FOMC may keep the door open for a 2015 liftoff amid the improvement in the housing market accompanied by the stickiness in consumer price growth, and the dollar may mount a larger advance going into November should the central bank show a greater willingness to normalize monetary policy.

Join DailyFX on Demand to Cover the Entire FOMC Rate Decision!

How To Trade This Event Risk(Video)

Bearish USD Trade: Committee Tries to Buy Time & Endorse Wait-and-See Approach

  • Need green, five-minute candle following the rate decision to consider a long EUR/USD position.
  • If market reaction favors a bearish dollar trade, buy EUR/USD with two separate position.
  • Set stop at the near-by swing low/reasonable distance from cost; at least 1:1 risk-to-reward.
  • Move stop to entry on remaining position once initial target is met, set reasonable limit.

Bullish USD Trade: Fed Shows Greater Willingness to Normalize Sooner Rather Than Later

  • Need red, five-minute candle to favor a short EUR/USD trade.
  • Implement same strategy as the bearish dollar trade, just in reverse.

Potential Price Targets For The Release


EUR/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • EUR/USD stands at risk of resuming the long-term downward trend as the Relative Strength Index (RSI) fails to preserve the bullish formation from back in March; break/close below 1.1000 (78.6% retracement) may spur a move back towards the July low (1.0807).
  • DailyFX Speculative Sentiment Index (SSI) shows the retail crowd is now net-long EUR/USD going into the end of October, with the ratio currently sitting around +1.06 as 52% of traders are long.
  • Interim Resistance: 1.1760 (61.8% retracement) to 1.1810 (38.2% retracement)
  • Interim Support: Interim Support: 1.0790 (50% expansion) to 1.0800 (23.6% expansion)

Read More:

CAD Struggles as Oil Prices Slip- AUD to Face 3Q CPI Report

Price & Time: USDOLLAR – Quarterly Opening Range Break Ahead?

Impact that the FOMC rate decision has had on EUR/USD during the last meeting


Data Released



Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)



09/17/2015 18:00 GMT





September 2015 Federal Open Market Committee (FOMC) Interest Rate Decision


The Federal Open Market Committee (FOMC) voted 9-1 to retain the current policy in September, with Richmond Fed President Jeffrey Lacker dissenting against the majority and pushing for a 25bp rate hike. Despite the ‘moderate’ recovery, it seems as the majority remains unconvinced to remove the zero-interest rate policy (ZIRP) amid the disinflationary environment, and the central bank may look to further delay its normalization cycle amid the downside risks surrounding the region. Even though the Fed kept the door open for a 2015 liftoff, the dollar struggled to hold its ground following the rate decision, with EUR/USD pushing above the 1.1400 handle to end the North American trade at 1.1428.

--- Written by David Song, Currency Analyst and Shuyang Ren

To contact David, e-mail Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

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