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. See our updated Privacy Policy here.

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
Bullish
Wall Street
Mixed
Gold
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
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
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
More View more
Breaking news

Fed Leaves Rates, QE Unchanged, FOMC Sees 2 Rate Hikes in 2023

Real Time News
  • one of the few trends that hasn't yet turned around - the $USD, still pressing higher $DXY https://t.co/iEW04U3dVE https://t.co/siOzTtNk2H
  • Fed's Powell: - 2022 will be a really good year, with substantial job development as a result of growth - Forecasts show that next year will be a fantastic year
  • Fed's Powell: - Inflation will be higher by 2023, according to the Fed, due to high jobs - For next year, we are looking at an economy that will not have the same degree of fiscal support
  • Fed's Powell: - Inflationary pressures are expected to increase in the near future as the economy reopens - By 2023, inflation forecasts would more accurately represent increased resource use
  • Fed's Powell: - It would be premature to call the pandemic "defeated" - Clearly, since the March meeting, FOMC policymakers have become more optimistic about the economy's prospects
  • Fed's Powell: - We expect the current high inflation readings will begin to decline - In inflation expectations increase, contrary to our base case, we will take steps to reduce them
  • rally started about 15 mins into the presser but stocks are really liking what Powell has been saying $NQ hasn't quite clawed back the entirety of the move but, its been a one way train past half hour $NAS $QQQ https://t.co/npB1zLrDyr https://t.co/MWOGdfXsTi
  • If you're watching the Dollar, keep an eye on $USDBRL with the Brazilian central bank rate decision due in a little with an expected 75bp rate hike
  • I think Powell is right about a stronger labor market coming down the pipeline: - UI ends - schools reopened fully - vaccination rates increase - lockdown/distancing measures lifted
  • Fed's Powell: We are working on a supplementary leverage ratio, but there is nothing specific to share at this time
US Dollar Retreat May Stall Before Fed Freshmen Face Hearings

US Dollar Retreat May Stall Before Fed Freshmen Face Hearings

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – US DOLLAR, EURO, ECB, FED

  • US Dollar pullback continues, but may struggle for follow-through
  • Comments from ECB officials may cool speculation on QE cutback
  • Clarida, Bowman confirmation hearings to inform Fed policy bets

The US Dollar edged cautiously lower against its major counterparts, extending two days of corrective weakness after the benchmark currency hit a four-month high last week. The pullback appears to reflect digestion after an upshift in the expected Fed rate hike path drove an aggressive rally from mid-April lows.

A dull offering on the US calendar offers little to reignite momentum but downside follow-through may still stall as investors look on to a week of data points burnishing the Fed’s relatively hawkish credentials. News flow from Australia, Japan and the Eurozone is due to show tightening there remains far off.

A taste of what this looks like could come courtesy of comments from ECB officials Monday. Rhetoric suggesting the central bank is skittish about dialing back QE – a sentiment likely to be echoed by President Draghi later in the week – may hurt the Euro and help the greenback by extension.

USD sellers may likewise struggle to sustain momentum as markets withhold further conviction before hearing what comes out of Senate confirmation hearings for Richard Clarida and Michelle Bowman. They are nominated to the Fed’s Vice Chair and community banking posts, respectively.

See our free guide to learn how to use economic news in your trading strategy!

ASIA PACIFIC TRADING SESSION

Asia Pacific Trading Session Economic Calendar

EUROPEAN TRADING SESSION

European Trading Session Economic Calendar

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

FX TRADING RESOURCES

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES