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.

Free Trading Guides
EUR/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
GBP/USD
Bullish
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
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • Update on #Cryptocurrencies #BITCOIN -2.00% #BITCOINCASH -1.14% #ETHEREUM -1.87% #RIPPLE -1.34% #LITECOIN -1.23%
  • RT @CVecchioFX: A question I frequently get asked these days is, "Is it realistic to believe that the US Dollar can lose its role in the gl…
  • LIVE NOW: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • US 10-Year Notes Draw 1.842% Primary Dealers Accepted: 24.5% Direct Bidders Accepted: 19.4% Indirect Bidders Accepted: 56.1% B/C Ratio: 2.43
  • ⬇️ Highly recommend my fellow volatility fiends give this article a read https://t.co/iQTNxAInvW
  • RT @HuXijin_GT: US Congress passed many China-related bills, China can't respond to all of them. The principle of Chinese government, as I…
  • here we go, starting right now -> https://www.dailyfx.com/webinars/1338844901231735299?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr https://t.co/xx9H1CqID9
  • LIVE IN 5 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=1338844901231735299&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Great comprehensive article on volatility by @PaulRobinsonFX: 'Market Volatility: The Impact of Volatility in Major Financial Markets' https://www.dailyfx.com/forex/fundamental/article/special_report/2019/12/05/Market-Volatility-The-Impact-of-Volatility-in-Major-Financial-Markets.html
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.16%, while traders in US 500 are at opposite extremes with 77.02%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kaNGUABcNM
US Dollar May Rebound as Jobs Data Boosts Fed Rate Hike Prospects

US Dollar May Rebound as Jobs Data Boosts Fed Rate Hike Prospects

2018-11-02 07:31:00
Ilya Spivak, Sr. Currency Strategist
Share:

TALKING POINTS – US DOLLAR, TRUMP, CHINA, TRADE WAR, AUSSIE DOLLAR, YEN

  • US Dollar may rise as upbeat jobs data bolsters Fed rate hike speculation
  • Aussie, NZ Dollars rise with APAC stocks as anti-risk Yen underperforms
  • Hopes for US/China trade accord swelling after “positive” Trump, Xi call

The sentiment-linked Australian, Canadian and New Zealand Dollars tracked rising stocks in Asia Pacific trade while the anti-risk Japanese Yen underperformed. Hopes for a breakthrough in the US trade war with China continued to drive optimism.

The latest bit of encouragement came amid reports that President Donald Trump has instructed his cabinet to draft a possible trade deal after call with his counterpart Xi Jinping. Officials from Beijing later painted the call as “positive”. The two leaders are due to meet on December 1.

US DOLLAR MAY RISE ON JOBS DATA

From here, the spotlight turns to October’s US jobs report. Payrolls growth is expected to recover to print broadly in line with the trend average at 200k per month and the unemployment rate is seen holding at 3.7 percent, the lowest in almost five decades.

Wage inflation may be the most exciting bit of the release however as forecasts envision a jump to 3.1 percent, the highest in 9 years. That would reinforce recent signs of accelerating price growth on display in leading ISM and PMI activity surveys and might boost Fed rate hike bets, sending the US Dollar higher.

Join our live US jobs data webinar to see how the outcome will impact the markets!

ASIA PACIFIC TRADING SESSION

Asia Pacific Trade Economic Calendar

EUROPEAN TRADING SESSION

European Trade 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

News & Analysis at your fingertips.