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.

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
EUR/USD
Bullish
Oil - US Crude
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
Wall Street
Bearish
Gold
Mixed
GBP/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
USD/JPY
Mixed
More View more
Real Time News
  • The AB=CD pattern is simple once you know how to spot it and draw the proper Fibonacci retracements. Make your trading strategy as simple as ABCD here: https://t.co/AKmlmaAZBS https://t.co/PJNaBQbcOF
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.34% US 500: -0.42% Germany 30: -1.26% FTSE 100: -1.33% France 40: -1.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/mKRNkN4A38
  • 🇫🇷 Business Confidence (SEP) Actual: 96 Expected: 95 Previous: 93 https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇫🇷 Business Confidence (SEP) due at 06:45 GMT (15min) Expected: 95 Previous: 93 https://www.dailyfx.com/economic-calendar#2020-09-24
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:https://t.co/7kPzAoNoLG https://t.co/BPmQFiMiv2
  • WTI crude oil prices (WTI) lost 4.7% so far this week. Demand concerns and a rising US Dollar sent crude oil prices lower on Thursday. Cloudy economic recovery prospects weighed on sentiment, despite falling US crude inventories. https://t.co/nVHCe4DX3g
  • Based on recent price action in the US Dollar, might... $USDSGD $USDMYR $USDPHP $USDIDR ...be heading higher next? Check out my latest #ASEAN technical update here - https://www.dailyfx.com/forex/technical/article/special_report/2020/09/24/US-Dollar-Comeback-Ahead-USDSGD-USDMYR-USDPHP-USDIDR.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/9sIQFVeydt
  • Wall Street Futures Update: Dow Jones (-0.393%) S&P 500 (-0.418%) Nasdaq 100 (-0.653%) [delayed] -BBG
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/FXpr6RibWT
  • Markets attempted pull risk trends out of their dive this past session, but sentiment (via $SPX) ultimately returned to its bearish course. Meanwhile, $EURUSD is consistent with its reversal. My video for today: https://www.dailyfx.com/forex/video/daily_news_report/2020/09/24/EURUSD-Extends-its-Dive-as-Late-Day-Selloff-Puts-SP-500-On-Verge-of-Correction.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/Q6JZKW2B1y
US Dollar, Stocks Eye Fed's Willians Outlook on Economy, Policy

US Dollar, Stocks Eye Fed's Willians Outlook on Economy, Policy

2019-07-02 06:30:00
Dimitri Zabelin, Analyst
Share:

US DOLLAR FORECAST, FED MONETARY POLICY, US GROWTH OUTLOOK– TALKING POINTS

  • US Dollar, stocks eyeing speech by Fed’s John Williams
  • He is expected to provide his outlook on economy, policy
  • How can the G20 US-China trad truce impact his tone?

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

The US Dollar and equity markets will be closely watching a speech by FOMC Vice Chairman John C. Williams where he will speak on the topics of global growth and outlook for monetary policy. Since February, US economic data has been tending to underperform relative to economists’ expectations and the recognition of the wilting US economy is being reflected in a neutral-bordering-on-dovish shift in monetary policy.

As the US-China trade war continued to ravage global markets, the negative ripple effects boomeranged back to the US economy and caused central bank officials – particularly hawks – to pivot toward a more dovish or at the least neutral policy stance. While it is not Jerome Powell who is speaking, commentary from other members can have significant market impacts much like when James Bullard cooled aggressive rate cut bets.

The US Dollar tumbled after Bullard said that a 50-bps cut in July would be “overdoing it”. It is possible that if Williams expresses dovish undertones, it may marginally increase rate cut expectations despite a recent cool-off after the US and China reached a trade truce at the G20 summit Osaka, Japan. The temporary respite from this fundamental headwind sent the US Dollar higher on the basis that it may cause a delay in rate cuts.

CHART OF THE DAY: USD INDEX (DXY) RE-TESTING FORMER SUPPORT AFTER RATE CUT BETS BEGUN TO COOL

US Dollar, Stocks Eye Fed's Willians Outlook on Economy, Policy

FX TRADING RESOURCES

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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

DISCLOSURES