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.

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
Bullish
Oil - US Crude
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
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
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
USD/JPY
Mixed
More View more
Real Time News
  • WTI crude oil prices (WTI) lost 4.7% so far this week. Demand concerns and a rising US Dollar sent crude oil prices lower on Thursday. Cloudy economic recovery prospects weighed on sentiment, despite falling US crude inventories. https://t.co/nVHCe4DX3g
  • Based on recent price action in the US Dollar, might... $USDSGD $USDMYR $USDPHP $USDIDR ...be heading higher next? Check out my latest #ASEAN technical update here - https://www.dailyfx.com/forex/technical/article/special_report/2020/09/24/US-Dollar-Comeback-Ahead-USDSGD-USDMYR-USDPHP-USDIDR.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/9sIQFVeydt
  • Wall Street Futures Update: Dow Jones (-0.393%) S&P 500 (-0.418%) Nasdaq 100 (-0.653%) [delayed] -BBG
  • 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: https://t.co/JdvW6HNuqV https://t.co/FXpr6RibWT
  • Markets attempted pull risk trends out of their dive this past session, but sentiment (via $SPX) ultimately returned to its bearish course. Meanwhile, $EURUSD is consistent with its reversal. My video for today: https://www.dailyfx.com/forex/video/daily_news_report/2020/09/24/EURUSD-Extends-its-Dive-as-Late-Day-Selloff-Puts-SP-500-On-Verge-of-Correction.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/Q6JZKW2B1y
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.57%, while traders in EUR/GBP are at opposite extremes with 64.76%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/JHNAiIgVLv
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.11% 🇪🇺EUR: -0.02% 🇯🇵JPY: -0.06% 🇨🇦CAD: -0.08% 🇳🇿NZD: -0.22% 🇦🇺AUD: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/im3IxxDQ3y
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.15% US 500: 0.12% FTSE 100: -0.94% Germany 30: -1.00% France 40: -1.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/X6mMfIY6HW
  • The US Dollar, British Pound, and Euro will all be closely watching key geopolitical developments in North America (Powell testimony), the UK (Brexit talks) and Europe (EU summit). Get your market update from @ZabelinDimitri here:https://t.co/q4AJW6PTCu https://t.co/e0rwBFOnqX
  • RT @stlouisfed: The current recession has in many ways been more extreme than the Great Depression, yet the economy is projected to recover…
US Dollar May Rise as Fed-Speak Fuels Rate Hike Speculation

US Dollar May Rise as Fed-Speak Fuels Rate Hike Speculation

2016-09-09 06:53:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • US Dollar may advance as Fed-speak stokes rate hike speculation
  • Pound gains after Hammond argues for City of London status quo
  • Yen correcting higher after yesterday’s broad-based down move

A relatively uneventful European data docket shifts the spotlight to comments from Boston and Dallas Fed Presidents Eric Rosengren and Robert Kaplan in the final hour of the trading week. Traders are almost certainly eager to onboard the last bits of guidance before the two-week blackout period ahead of this month’s FOMC meeting. Hawkish posturing in line with recent remarks from other US central bank officials may boost rate hike speculation, sending the US Dollar higher.

The Japanese Yen outperformed in overnight trade, trading broadly higher in a move that appeared to be corrective after the currency lagged its major counterparts in the prior session. The British Pound continued to recover from selling pressure that plagued the UK unit through most of yesterday’s European session. Losses appeared to accelerate in the run-up to testimony from Chancellor Philip Hammond before the House of Lords Economic Affairs Committee.

Concerns about the post-Brexit future of the City of London as regional financial hub seemed to be front and center for investors. Sterling bottomed and began to recover as Hammond spoke, possibly reflecting the government’s apparent commitment to defend the status quo. The Chancellor said the City supports the real economy across Europe and breaking it up – including the splitting up of clearing services – would be a mistake for the EU.

Is picking price direction most important for successful trading? See our study to find out!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

22:45

NZD

Card Spending Retail (MoM) (AUG)

-0.4%

0.3%

0.2%

22:45

NZD

Card Spending Total (MoM) (AUG)

-0.8%

-

0.3%

23:50

JPY

Money Stock M2 (YoY) (AUG)

3.3%

3.3%

3.4%

23:50

JPY

Money Stock M3 (YoY) (AUG)

2.8%

2.9%

2.9%

1:30

CNY

CPI (YoY) (AUG)

1.3%

1.7%

1.8%

1:30

CNY

PPI (YoY) (AUG)

-0.8%

-0.9%

-1.7%

1:30

AUD

Home Loans (MoM) (JUL)

-4.2%

-1.5%

1.7%

1:30

AUD

Investment Lending (JUL)

0.5%

-

3.3%

1:30

AUD

Owner-Occupier Loan Value (MoM) (JUL)

-3.1%

-

1.6%

4:30

JPY

Tertiary Industry Index (MoM) (JUL)

0.4%

0.8%

European Session

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

5:45

CHF

Unemployment Rate (AUG)

3.2% (A)

3.1%

Medium

5:45

CHF

Unemployment Rate SA (AUG)

3.4% (A)

3.3%

Medium

6:00

EUR

German Trade Balance (JUL)

19.5b (A)

24.7b

Medium

6:00

EUR

German Current Account Balance (JUL)

18.6b (A)

26.3b

Medium

6:00

EUR

German Exports SA (MoM) (JUL)

-2.6% (A)

0.2%

Low

6:00

EUR

German Imports SA (MoM) (JUL)

-0.7% (A)

1.1%

Low

8:30

GBP

Visible Trade Balance (£/Mn) (JUL)

-11650

-12409

Medium

8:30

GBP

Trade Balance Non EU (£/Mn) (JUL)

-3600

-4159

Low

8:30

GBP

Trade Balance (£/Mn) (JUL)

-4200

-5084

Low

8:30

GBP

Construction Output (MoM) (JUL)

-0.5%

-0.9%

Low

8:30

GBP

Construction Output (YoY) (JUL)

-3.4%

-2.2%

Low

8:30

GBP

BoE/TNS Inflation Next 12 Mths (AUG)

-

2.0%

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EUR/USD

1.1162

1.1204

1.1222

1.1246

1.1264

1.1288

1.1330

GBP/USD

1.3123

1.3245

1.3293

1.3367

1.3415

1.3489

1.3611

--- 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