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
EUR/USD
Mixed
Oil - US Crude
Bullish
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
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • 🇨🇳 FDI (YTD) YoY (JUL) Actual: 0.5% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2020-08-13
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/6b3JtrSQnP
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/4hIQtGPL0N
  • Gold Prices May Resume Selloff After Digesting Largest Drop in 7 Years - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/08/13/Gold-Prices-May-Resume-Selloff-After-Digesting-Largest-Drop-in-7-Years.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold https://t.co/aWOvE1KJXc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.83%, while traders in US 500 are at opposite extremes with 77.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EQ77jevtaX
  • Heads Up:🇫🇷 IEA Oil Market Report due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-13
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/QPW1os7wbE
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.98% Gold: 0.60% Oil - US Crude: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gDZGfvBOHv
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇨🇭CHF: 0.22% 🇬🇧GBP: 0.21% 🇦🇺AUD: -0.01% 🇨🇦CAD: -0.03% 🇳🇿NZD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9IwXKOUieT
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.16% US 500: -0.17% Germany 30: -0.24% France 40: -0.50% FTSE 100: -0.96% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MtMyrT3zZY
US Dollar Soars, Commodity Dollars and Yen Plunge on Fed Outlook

US Dollar Soars, Commodity Dollars and Yen Plunge on Fed Outlook

2016-08-22 04:28:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • US Dollar outperforms as Fed rate hike speculation gathers steam
  • Aussie, Kiwi Dollars face selling pressure on shifting yield spreads
  • Yen veers away from sentiment cues as US yields take center stage

The US Dollar traded broadly higher against its major counterparts on building FOMC rate hike speculation ahead of a much-anticipated Janet Yellen speech on Friday. Investors appear to be driven by a conspicuous about-face in rhetoric from San Francisco Fed President John Williams, whose pronouncements are closely monitored because the markets see him as a close confidant of the Fed Chair.

Williams unveiled a decidedly dovish essay early last week, driving the greenback lower. He rushed to reposition by Thursday however, speaking almost as though he had been chastised to get back in line. Williams said he would prefer to hike rates “sooner rather than later” and even echoed hawkish comments from New York Fed President Bill Dudley expressing concern about the markets’ under-pricing of rate hike probability.

The Australian and New Zealand Dollars facedoutsized selling pressure as the prospect of nearing Fed tightening weighed heaviest on the yield-sensitive high beta FX space. Interestingly, the Japanese Yen is also on the defensive. It appears as though the typically anti-risk currency is finding greater momentum in shifting yield expectations than sentiment trends (at least in the near term), with USDJPYtracking 2-year US Treasury yields.

Looking ahead, a quiet European and US economic calendar presents few roadblocks to continuation of established trade dynamics. Momentum may fizzle however if overnight price action turns out to reflect catch-up flows on Friday’s price action rather than a further deepening of conviction in the Fed outlook.

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

05:00

JPY

Supermarket Sales (YoY) (JUL)

0.2%

-

-0.5%

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

07:00

CHF

Money Supply M3 (YoY) (JUL)

-

2.5%

Low

07:00

JPY

Convenience Store Sales (YoY) (JUL)

-

0.8%

Low

08:00

CHF

Total Sight Deposits

-

512.9b

Low

08:00

CHF

Domestic Sight Deposits

-

434.7b

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EUR/USD

1.1218

1.1274

1.1299

1.1330

1.1355

1.1386

1.1442

GBP/USD

1.2773

1.2934

1.3004

1.3095

1.3165

1.3256

1.3417

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES

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.