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
Mixed
USD/JPY
Mixed
Gold
Bullish
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 #tradingstyle https://t.co/0Wn4xBL0AY
  • Do you know which type of stock is the right investment for you? Stock types help investors decide on specific #stocks to trade or assist with valuation methods either fundamentally or technically. Learn more about stock types here: https://t.co/yO3JalkqUU https://t.co/RoNdExHAdt
  • The status of the US #dollar as the safe-haven asset of choice remains untouched and any weakness in the greenback is likely to be short-lived. Get your $USD market update from @nickcawley1 here: https://t.co/LO2u38jpUT https://t.co/ctgCJSOeTH
  • #FTSE 100 testing key support as the index lacks a directional bias. #DAX reverses off channel top. Get your indices technical analysis from @JMcQueenFX here: https://t.co/IHF2dgMfg9 https://t.co/2fMTFlOeTR
  • With knowledge of price action, traders can perform a wide range of technical analysis functions without the necessity of any indicators, including management of risk. Build on you knowledge of price action here: https://t.co/9hQA0bsYtt https://t.co/5KQowxuiBf
  • The term ‘Ichimoku,’ literally means ‘one glance,’ in Japanese. Ichimoku, or the one glance indicator, is considered to be a self-contained system in the fact that no additional indicators are necessary. Learn more about the 'one glance' indicator here: https://t.co/T7o7W9C0Ro https://t.co/7bhBfWvEkR
  • Support and resistance are the cornerstone of technical analysis, making it the foundation that you build your knowledge on. Build a stronger foundation here: https://t.co/yXLaRpl90I https://t.co/85JHunf2Xf
  • Many traders ask how a trading method that is 77 years old is applicable today. Learn about the Gartley pattern and see how you can incorporate it into your trading style here: https://t.co/2yPmGH0XvT https://t.co/rtqUKZSdn1
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/ywv7RVP9qY
  • Crude oil prices may rise on supply-disruption fears after the outcome of the Iran election, but sentiment from #coronavirus fears may derail Brent’s recovery ahead of the G20 summit. Get your crude #oil market update from @ZabelinDimitri here: https://t.co/83iTphwaWv #OOTT https://t.co/RgQku64XyW
US Dollar May Rise if US Data Amplifies Trade War, Recession Fears

US Dollar May Rise if US Data Amplifies Trade War, Recession Fears

2019-08-26 06:30:00
Dimitri Zabelin, Junior Currency Analyst
Share:

US Dollar, US-China Trade War – TALKING POINTS

  • US Dollar may rise vs Euro if US-China trade war fears spill over into European hours
  • European stock markets may be in turmoil while bonds and CHF may emerge as victors
  • Risk aversion may be amplified if US durable goods order fall short of median estimates

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

APAC Recap

The Japanese Yen surged when APAC’s Monday session opened. S&P 500 futures and crude oil prices – along with Asian equity indices – gapped lower alongside the cycle-sensitive AUD and NZD. Trade war fears over the weekend placed a premium on anti-risk assets and soured sentiment as the rift between Beijing and Washington continued to widen.

US Durable Goods Order Data May Magnify Risk Aversion

The US Dollar may rise against the Euro if US durable goods order data falls short of the 1.2 percent estimate, which is already lower than the previous print at 1.9 percent. If the report underwhelms, it could amplify the risk-off tilt markets are experiencing against the backdrop of deteriorating US-China trade relations. The demand for liquidity will likely outweigh the downward pressure of an uptick in Fed rate cut bets.

Looking at a US Dollar index shows that despite market expectations of an increase in the central bank adopting accommodative monetary policy, the Greenback has continued to rise. Fundamental headwinds from geopolitical uncertainty to fierce trade wars are boosting the US Dollar as traders shift from chasing yields to preserving capital.

CHART OF THE DAY: A Rough Start to the Week

Chart Showing USDNY

USDCNH chart created using TradingView

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

News & Analysis at your fingertips.