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
Please try again
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your $AUD market update from @ddubrovskyFX here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
What Might Bring Life Back into USD? FOMC, NFP May Help

What Might Bring Life Back into USD? FOMC, NFP May Help

James Stanley, Strategist

Talking Points:

- The U.S Dollar retracement continues as the Greenback has run-down to find support at the 50% Fibonacci retracement of the post-Election move.

- The remainder of this week and most of next bring a plethora of U.S. drivers to markets – the highlights being next week’s Federal Reserve meeting and Non-Farm Payrolls on Friday.

- If you’re looking for trading ideas, check out our Trading Guides. And if you’re looking for ideas that are more short-term in nature, please check out our Speculative Sentiment Index Indicator (SSI).

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

As the U.S. Dollar runs deeper into a widely-watched support zone, traders and journalists have begun to question the sustainability of the Greenback’s uptrend. To be sure, the bullish move in the U.S. Dollar started in curious fashion with an aggressive reversal on the night of the U.S. Presidential Election. But as the world did not fall of its axis after Donald Trump was elected President, excitement around the potential for new fiscal policies helped to drive prices higher. And once we came into December, the one-two combo of the European Central Bank and then the Federal Reserve both contributed to additional strength in the Greenback with each of their actions. The ECB adding more stimulus, weakening Euro and thereby strengthening USD; and the Federal Reserve hiked rates for only the second time in the past 10 years while also saying that they were expecting a full three rate hikes in 2017.

But as we came into the New Year with prices hovering near 14-year-highs, traders began to take profits out of what had been a fairly surprising move. And as the Greenback has continued to stair-step down to lower levels of support, buyers have been unable to offset the continued selling. As of this morning, the U.S. Dollar is trading right-around the psychological level of 100 on ‘DXY’, and this is also around the 50% retracement of the post-Election move at 99.85.

What Might Bring Life Back into USD? FOMC, NFP May Help

Chart prepared by James Stanley

Since the turn of the New Year the U.S. Dollar has faced a combination of profit taking from the prior up-trend combined with a lack of bullish drivers to bring more demand into the marketplace. The lack of potential drivers may not be a long-term issue though, as the remainder of this week and then most of next week bring to markets a litany of U.S. drivers. Tomorrow brings U.S. Trade Balance numbers and Friday the release of GDP and Durable Goods. But it’s next week where matters get really interesting:

What Might Bring Life Back into USD? FOMC, NFP May Help

Derived from the DailyFX Economic Calendar; prepared by James Stanley

Next week brings the Fed on Wednesday and then Non-Farm Payrolls on Friday. These are currently two of the biggest and most important push-points on the U.S. Dollar, and we’ll see both in the spotlight next week. This is an opportune time for the U.S. Dollar to ‘fly or die’ to either extend or reverse that previous bullish-move.

--- Written by James Stanley, Strategist for

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

Contact and follow James on Twitter: @JStanleyFX

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