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.

Free Trading Guides
EUR/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
GBP/USD
Bullish
USD/JPY
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
Gold
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
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/tTQIqZ68Yn
  • Yen Aims Higher on Coronavirus, Euro Up as Italy Risk Eases - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/01/27/Yen-Aims-Higher-on-Coronavirus-Euro-Up-as-Italy-Risk-Eases.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #JPY #coronavirus #EUR #italy https://t.co/TxyzIJkOo0
  • Heads Up:🇬🇧 GBP BBA Loans for House Purchase (DEC) due at 09:30 GMT (15min), Actual: N/A Expected: 44000 Previous: 43715 https://www.dailyfx.com/economic-calendar#2020-01-27
  • Missed today's Cross-Market Weekly Outlook webinar? Here's the archived video - https://t.co/YVf7HYJyYR Topics included: - Market impact of #coronoavirus scare - US Embassy attack in #Iraq - #FOMC, #BOE rate decisions - US, Eurozone 4Q #GDP data
  • IFO says the German economy has had a slow start to the year $EUR
  • 🇪🇺 EUR German IFO Current Assessment (JAN), Actual: 99.1 Expected: 99.1 Previous: 98.8 https://www.dailyfx.com/economic-calendar#2020-01-27
  • 🇪🇺 EUR German IFO Expectations (JAN), Actual: 92.9 Expected: 94.8 Previous: 93.9 https://www.dailyfx.com/economic-calendar#2020-01-27
  • 🇪🇺 EUR German IFO Business Climate (JAN), Actual: 95.9 Expected: 97.0 Previous: 96.3 https://www.dailyfx.com/economic-calendar#2020-01-27
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.63%, while traders in US 500 are at opposite extremes with 72.23%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/RJrPXJkhLH
  • Heads Up:🇪🇺 EUR German IFO Current Assessment (JAN) due at 09:00 GMT (15min), Actual: N/A Expected: 99.1 Previous: 98.8 https://www.dailyfx.com/economic-calendar#2020-01-27
US Dollar May Fall as Fed Offers Little Beyond Expected Rate Hike

US Dollar May Fall as Fed Offers Little Beyond Expected Rate Hike

2017-03-15 06:44:00
Ilya Spivak, Sr. Currency Strategist
Share:

Talking Points:

  • US Dollar may fall as hawks find nothing new in FOMC rate decision
  • Euro vulnerable as pro-, anti-EU forces clash in Netherlands election
  • Yen falls, Aussie and Kiwi Dollars rise as risk trends improve in Asia

The sentiment-linked Australian and New Zealand Dollars traded modestly higher while the anti-risk Japanese Yen edged downward in otherwise quiet Asian trade. Regional bourses played catch-up to losses on Wall Street but benchmark US (S&P 500) and European (FTSE 100) index futures traded higher, pointing to a rebalancing of risk trends back toward neutral ahead of the upcoming Fed policy announcement.

A rate hike seems all but assured, with the priced-in probability of an increase implied in Fed Funds futures at 100 percent. Meanwhile, steady US economic news-flow and lingering fiscal policy uncertainty mean that the FOMC rate-setting committee will probably shy away from substantive changes to its baseline outlook. A status-quo result may register as a disappointment for traders looking to advance the case for steeper tightening, echoing post-NFP dynamics and sending the US Dollar lower.

The European economic data docket is relatively quiet, putting the spotlight on the outcome of a general election in the Netherlands. The poll marks the first of several major contests between pro- and anti-EU forces on tap for 2017 and may be a preview of what is to come in French and German elections in the months ahead. A strong showing for Geert Wilders and his eurosceptic Party of Freedom may stoke worries that the Brexit referendum was just the first of many seismic changes in the regional order on the horizon. That is likely to weigh heavily on the Euro.

Are traders buying or selling the US Dollar ahead of the Fed rate decision? Find out here!

Asia Session

US Dollar May Fall as Fed Offers Little Beyond Expected Rate Hike

European Session

US Dollar May Fall as Fed Offers Little Beyond Expected Rate Hike

** 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.