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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
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
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.20% 🇳🇿NZD: 0.16% 🇬🇧GBP: 0.11% 🇪🇺EUR: 0.07% 🇯🇵JPY: 0.00% 🇨🇦CAD: -0.04% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.81%, while traders in Germany 30 are at opposite extremes with 65.02%. See the summary chart below and full details and charts on DailyFX:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • #DJIA futures eyeing a retest of the February record-high (29595.3) after breaking above Falling Wedge resistance A daily close above the January low (28130.2) could signal the resumption of the primary uptrend extending from the March doldrums $DJI #DowJones #WallStreet
  • @DailyFXTeam Wall Street Futures Update: Dow Jones (+0.32%) S&P 500 (+0.35%) Nasdaq 100 (+0.37%) [delayed] -BBG
  • #Market Snapshot $AUDUSD and $EURUSD drifting from session-highs as the haven-associated $JPY attempts to claw back lost ground. #SP500 futures, #Gold and #crudeoil all moving higher while the #ASX200 struggles to penetrate key resistance at 6,000
  • Join @DanielGMoss's #Webinar at 10:00 PM ET/2:00 AM GMT for his weekly coverage of trading prep for $AUDUSD in the week ahead. Register here:
  • Dow Jones climbed a second day on fiscal stimulus hopes. All 9 Dow sectors were up. Traders face a quiet calendar day, with the 1st presidential debate closely eyed. The live TV debate will be on air from 9:00 to 10:30am Singapore time on Wednesday.
  • According to John Hopkins University, Coronavirus deaths globally have surpassed 1 million people
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:
US Dollar Casts Worried Eye on Mueller Indictment, Trump Fed Pick

US Dollar Casts Worried Eye on Mueller Indictment, Trump Fed Pick

2017-10-30 04:30:00
Ilya Spivak, Head Strategist, APAC

Talking Points:

  • US Dollar might suffer if Powell looks set to replace Yellen as Fed Chair
  • Indictment in Mueller’s Trump/Russia probe might cool tax cut prospects
  • Kiwi Dollar broadly lower as prices correct after Friday’s swift rebound

A lackluster offering on the European economic data docket is likely to put US news-flow back into the spotlight. The Fed’s favored PCE inflation gauge is due to cross the wires, with the core on-year inflation rate seen holding steady at 1.3 percent. An upside surprise echoing recently upbeat US data outcomes may stoke rate hike speculation, boosting the US Dollar.

The greenback may find it challenging to build data-driven momentum however. First, the proximity of Wednesday’s FOMC policy announcement probably makes traders leery of directional commitment. Second, politics could interfere as President Trump prepares to name the next Fed Chair and Special CounselRobert Mueller unveils the first indictment in his probe into the Trump campaign’s links to Russia.

Rumors suggesting Fed Governor Jerome Powell may be promoted to Chairman when Janet Yellen ends her term in February hurt the US currency on Friday as markets seemingly reckoned that to be comparatively less dovish than installing Stanford economist John Taylor at the helm. A similar fate may befall the benchmark unit if Mr Powell’s chances appear to be firming further.

Meanwhile, Mr Mueller’s seminal move might be interpreted as undermining prospects of securing the passage of tax reform legislation. Speculation that inflationary tax cuts will force the Fed into a steeper tightening cycle has been a major upward driver for the Dollar in recent weeks. If Mueller’s announcement is seen as a roadblock on this front, some of those gains may evaporate.

The New Zealand Dollar underperformed in otherwise muted Asia Pacific trade. The move appeared to be corrective after Friday’s outsized advance that saw the Kiwi lead the way higher against all of its G10 FX counterparts. That impressive advance probably reflected broad-based support for rates-sensitive USD alternatives triggering a retracement of dramatic losses suffered over the prior two weeks.

What is the #1 mistake that traders make, and how ca you fix it? Find out here.

Asia Session

US Dollar Casts Worried Eye on Mueller Indictment, Trump Fed Pick

European Session

US Dollar Casts Worried Eye on Mueller Indictment, Trump Fed Pick

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

--- Written by Ilya Spivak, Currency Strategist for

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.