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
Please try again
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • The Nasdaq 100 index has likely formed an inverse “Head and Shoulders” pattern, which is typically viewed as a bullish trend reversal indicator. Prices may advance further to challenge their all-time highs. Get your market update from @margaretyjy here:
  • Earnings season begins this week with the arrival of quarterly reports from the country’s largest banks. Can they shrug off losses from the recent Archegos blowup and rally higher or will risk aversion take root? Market update from @PeterHanksFX here:
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • 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:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here:
US Dollar May Rise if GDP Update Brings Fed Outlook Back in Focus

US Dollar May Rise if GDP Update Brings Fed Outlook Back in Focus

Ilya Spivak, Head Strategist, APAC


  • US Dollar may rise if Q2 GDP update puts Fed outlook back in focus
  • Forecasts put growth at strongest in 4 years despite small downgrade
  • Canadian Dollar higher as hopes for NAFTA deal continue to grow

The European economic calendar is conspicuously threadbare yet again, putting the spotlight on revised second-quarter US GDP figures. The annualized economic growth rate is expected to be adjusted a bit lower, from 4.1 to 4 percent.

The outcome would still mark the strongest performance in four years, keeping the case for continued Fed interest rate hikes firmly intact. An increase in September is all but fully priced in at this point and the probability of another one in December now stands at 65.7 percent.

In fact, the GDP print may remind investors that the Fed stands alone among its G10 counterparts in the degree of tightening it is prepared to deliver through year-end and probably in 2019 as well. That may boost the US Dollar, which has struggled with the overlapping influence of policy- and risk-based cues recently.

The Canadian Dollar outperformed in otherwise muted Asia Pacific trade. That follows a report form Globe and Mail suggesting Ottawa is ready to make concessions in a bid to join the renegotiated NAFTA trade pact following a reported breakthrough in talks between the US and Mexico.

See our study on the history of trade wars to learn how it might influence financial markets!


Asia Pacific Trading Session Economic Calendar


European Trading Session Economic Calendar

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


--- Written by Ilya Spivak, Currency Strategist for

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.