Never miss a story from Ilya Spivak

Subscribe to recieve updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from Daily FX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Ilya Spivak

You can manage you subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Talking Points:

  • German jobs, Swiss and UK PMIs unlikely to generate FX fireworks
  • US Dollar might find a lifeline in December FOMC meetingminutes
  • Aussie, NZ Dollars fall as Pound gains amid corrective price action

A relatively lackluster offering on scheduled European event risk doesn’t seem likely to generate fireworks. German unemployment statistics as well as manufacturing and construction PMI surveys out of Switzerland and the UK (respectively) are on tap. The outcomes will probably mean little for near-term ECB, BOE and SNB policy trends and so ought to pass with quietly.

Minutes from December’s FOMC meeting then enter the spotlight. The announcement sent the US Dollar tumbling even as officials called for three rate hikes in 2018 – topping priced-in bets – while lifting growth and employment forecasts. If the publication echoes confidence in underlying economic strength channeled by Fed Chair Yellen at the presser following the sit-down, the greenback may at last find a lifeline.

The Australian and New Zealand Dollars faced selling pressure while the British Pound traded broadly higher in otherwise quiet Asia Pacific trade. An empty economic calendar and the absence of other singularly identifiable catalysts suggests all three moves are corrective. The Aussie and Kiwi hit two-month highs while Sterling touched to a one-month low on the eve of the calendar turn to 2018.

What is the #1 mistake that traders make, and how can you avoid it? Find out here!

Asia Session

No Data.

European Session

US Dollar May Find a Lifeline in December FOMC Minutes

** 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