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
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
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
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/v6m2DLdhHa
  • Heads Up:🇮🇳 Monetary Policy Meeting Minutes due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-18
  • Italy PM Draghi states that more stimulus is needed to return to pre-covid - must be vigilant on inflation expectations
  • China's Cabinet will grant subsidy to farmers - state media
  • ECB extends leverage ratio to banks until March 2022
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 84.85%, while traders in France 40 are at opposite extremes with 75.76%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9FBAOSUkA5
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 1.88% Gold: 1.04% Oil - US Crude: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/CTOzYyUZ0r
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.09% 🇪🇺EUR: 0.07% 🇨🇭CHF: -0.10% 🇨🇦CAD: -0.16% 🇬🇧GBP: -0.24% 🇳🇿NZD: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SxtA2i2fRq
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/bZEFtp8kFe https://t.co/vBkN4uScVN
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 0.14% Wall Street: 0.02% US 500: 0.00% Germany 30: -0.31% FTSE 100: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/1DqihMnbIE
US Dollar May Rise as Powell Speech Boosts Fed Rate Hike Bets

US Dollar May Rise as Powell Speech Boosts Fed Rate Hike Bets

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – US DOLLAR, POWELL, FED, AUSSIE DOLLAR, RBA, CAD, USMCA

A lackluster offering on the European economic calendar is likely to see currency markets looking ahead to a speech from Fed Chair Jerome Powell for direction cues. He is due to opine on the US economic outlook at an event hosted by the National Association for Business Economics (NABE). An upbeat tone echoing last week FOMC policy announcement may boost 2019 rate hike bets and send the US Dollar higher.

See our US Dollar forecast to see what is likely to set the trend in the fourth quarter!

TALKING POINTS – US DOLLAR, POWELL, FED, AUSSIE DOLLAR, RBA, CAD, USMCA

The Australian Dollar was little-changed followinga status-quo monetary policy announcement from theRBA. Governor Philip Lowe and company kept the baseline cash rate at 1.5 percent as widely expected and signaled continued stasis in the near term. Priced-in policy bets implied in bank bill futures envision an increase no sooner than October of next year.

The Canadian Dollar continued to move higher, building on explosive gains scored yesterday after negotiators managed to strike a deal on a revamped NAFTA trade agreement after over a year of haggling. The new framework will be called the “US-Mexico-Canada Agreement”, or USMCA. Hopes for a deal emerged on Friday, starting what would become the largest two-day rise since January 2016.

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

ASIA PACIFIC TRADING SESSION

US Dollar May Rise as Powell Speech Boosts Fed Rate Hike Bets

EUROPEAN TRADING SESSION

US Dollar May Rise as Powell Speech Boosts Fed Rate Hike Bets

** 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