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
Bullish
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • RT @C_Barraud: 🇺🇸 *PELOSI SAYS `MILES APART' ON SOME ISSUES IN #STIMULUS TALKS - BBG *PELOSI: `VERY FAR APART' ON MONEY FOR GETTING KIDS TO…
  • White House Economic Advisor Larry Kudlow: -Data suggests economy only needs 'targeted money' -Thinks economy is entering a 'self-sustaining recovery' -Trump 'completely opposes' bailing out states $USD $TNX $SPX
  • FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Jul 20, 2020 when FTSE 100 traded near 6,264.90. A contrarian view of crowd sentiment points to FTSE 100 strength. https://www.dailyfx.com/sentiment https://t.co/iX4wB4HOah
  • Fed's Rosengren says the #Fed has been clear that negative interest rates are unlikely to be used
  • Back from vacation and back on schedule Going live for today's stock market webinar in 10 minutes - https://t.co/rmwDABTiN2 https://t.co/oC3Igu2muT
  • I've seen three more headlines today suggesting that there is significant money still on the sidelined despite the climb in markets. Is the assumption that some small tech milestone or new headline would excite investors to pay record amounts to get into a stretched market?
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.57% 🇪🇺EUR: 0.41% 🇨🇦CAD: 0.40% 🇳🇿NZD: 0.14% 🇬🇧GBP: -0.16% 🇯🇵JPY: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3mZjwCXcwc
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 2.39% France 40: 1.37% US 500: 1.29% Germany 30: 1.14% Wall Street: 0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/3rljxp4YdZ
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-12
  • Poll: What do you think set off Gold's sharp tumble yesterday - its largest single-day plunge since the April 2013 crash? Answering this question for yourself can help you decide whether this is a temporary waver or the impetus for a new trend.
US Dollar Rally May Resume as Fed Chair Yellen Speaks

US Dollar Rally May Resume as Fed Chair Yellen Speaks

2017-02-14 06:35:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Aussie Dollar buoyed by upbeat data, Yen corrects upward
  • US Dollar rally may resume after Fed Chair Yellen speaks
  • Eurozone GDP, UK CPI figures may pass without fanfare

The Australian Dollar outperformed in overnight trade, buoyed by supportive economic data. The Japanese Yen likewise traded higher in a move that looked corrective after yesterday’s slump against the spectrum of G10 FX majors.

The US Dollar was also in digestion mode, edging lower against its top counterparts having advanced to a monthly high against a backdrop of rising Treasury yields and steepening Fed rate hike projections yesterday. That move appeared to reflect pre-positioning for upcoming commentary from Janet Yellen.

The FOMC Chair begins two days of testimony before members of Congress. If she hints that December’s projection calling for three rate hikes remains unchanged despite continued uncertainty about the trajectory of fiscal policy, the greenback’s push upward may resume.

UK CPI data headlines the economic calendar in European trading hours. The headline year-on-year inflation rate is expected to hit 1.9 percent, the highest since June 2014. That may not offer much of a lasting lift to the British Pound considering the BOE’s apparent reluctance to tighten policy however.

The same goes for a revised set of fourth-quarter Eurozone GDP figures. The ECB looks firmly committed to a dovish posture despite recent improvements in economic news-flow, suggesting the Euro will find it difficult to capitalize even if the data appears upbeat at surface level.

Where will the markets trend this week? Join a webinar and ask a DailyFX analyst!

Asia Session

US Dollar Rally May Resume as Fed Chair Yellen Speaks

European Session

US Dollar Rally May Resume as Fed Chair Yellen Speaks

** All times listed in GMT. See the full DailyFX economic calendar here.

--- 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.