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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • 🇧🇷 GDP Growth Rate YoY (Q4) Actual: -1.1% Expected: -1.6% Previous: -3.9% https://www.dailyfx.com/economic-calendar#2021-03-03
  • 🇧🇷 GDP Growth Rate QoQ (Q4) Actual: 3.2% Expected: 2.8% Previous: 7.7% https://www.dailyfx.com/economic-calendar#2021-03-03
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.59%, while traders in Germany 30 are at opposite extremes with 74.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/iW6hnADxXY
  • Heads Up:🇺🇸 MBA Mortgage Applications (26/FEB) due at 12:00 GMT (15min) Previous: -11.4% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇵🇱 Interest Rate Decision (MAR) due at 12:00 GMT (15min) Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇧🇷 GDP Growth Rate YoY (Q4) due at 12:00 GMT (15min) Expected: -1.6% Previous: -3.9% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇧🇷 GDP Growth Rate QoQ (Q4) due at 12:00 GMT (15min) Expected: 2.8% Previous: 7.7% https://www.dailyfx.com/economic-calendar#2021-03-03
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.89% Silver: -0.79% Gold: -0.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/s6gSdtSyzk
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.17% 🇨🇦CAD: 0.16% 🇦🇺AUD: -0.05% 🇳🇿NZD: -0.11% 🇨🇭CHF: -0.17% 🇯🇵JPY: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/gbOKCTOkIE
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here.https://t.co/pb5E2KgRzW #DailyFXGuides https://t.co/LLkrZwdTae
US Dollar, FX Majors Face Volatility Risk Despite Holiday Lull

US Dollar, FX Majors Face Volatility Risk Despite Holiday Lull

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Currency markets at near-standstill in thin holiday trade
  • European, US news-flow offers little impetus for activity
  • Low participation can boost sudden knee-jerk volatility

Currency markets are near-standstill as liquidity remains scarce and the few market participants actually paying attention in the inter-holiday lull are reticent to commit to a direction until the calendar turns to 2017. A near-empty European data docket will do little to inspire activity.

Looking further ahead, there seems little reason to think that US home sales figures will shake things loose after an impressive consumer confidence reading passed largely unnoticed yesterday. The results will probably mean little for Fed policy bets as officials focus on the on-coming regime change on the fiscal side.

As noted previously however, the quiet may give way to corrective reversals bookending 2016. Any such moves could be exaggerated by low participation levels, making for sudden spikes of volatility. With that in mind, traders would be wise not to take current tranquility for granted.

See the schedule of upcoming webinars and join us LIVE to follow the financial markets!

Asia Session

US Dollar, FX Majors Face Volatility Risk Despite Holiday Lull

European Session

US Dollar, FX Majors Face Volatility Risk Despite Holiday Lull

** All times noted in GMT

--- 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