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
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
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
  • Heads Up:🇮🇪 Inflation Rate YoY (APR) due at 10:00 GMT (15min) Previous: 0% https://www.dailyfx.com/economic-calendar#2021-05-13
  • Cryptocurrency sell-off accelerating...sea of red. #btc #bitcoin #rth #ethereum #ltc #xrp @DailyFX Prices via @IGcom https://t.co/nbt2FsI4xp
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/FJJQ8lO3Gz
  • Please join @PaulRobinsonFX at 6:00 EST/10:00 GMT for a webinar where you can learn how to become a better trader in current markets. Register here: https://t.co/XO3SOn8u43 https://t.co/FfZ1IVvbBi
  • UK vaccination data...💪💪💪 @DailyFX https://t.co/N6oM2ppeVV
  • Heads Up:🇬🇷 Unemployment Rate (FEB) due at 09:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-13
  • Heads Up:🇬🇷 Unemployment Rate (JAN) due at 09:00 GMT (15min) Previous: 15.8% https://www.dailyfx.com/economic-calendar#2021-05-13
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/mFZ7MF273J
  • 🇨🇳 FDI (YTD) YoY (APR) Actual: 38.6% Previous: 39.9% https://www.dailyfx.com/economic-calendar#2021-05-13
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.13%, while traders in GBP/JPY are at opposite extremes with 65.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7cb0zMMeyv
US Dollar May Fall as Fed Offers Little Beyond Expected Rate Hike

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

Ilya Spivak, Head Strategist, APAC

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