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
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.84%, while traders in EUR/USD are at opposite extremes with 73.21%. See the summary chart below and full details and charts on DailyFX:
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open of the week!
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.02% 🇬🇧GBP: 0.00% 🇦🇺AUD: -0.13% 🇨🇭CHF: -0.29% 🇪🇺EUR: -0.35% 🇨🇦CAD: -0.50% View the performance of all markets via
  • Heads Up:🇺🇸 Chicago Fed National Activity Index (SEP) due at 12:30 GMT (15min) Expected: 0.39 Previous: 0.79
  • Weekly Strategy Webinar starting in 15mins on DailyFX!
  • 🇲🇽 Economic Activity YoY (AUG) Actual: -9.4% Expected: -8.2% Previous: -9.9%
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here:
  • Heads Up:🇲🇽 Economic Activity YoY (AUG) due at 12:00 GMT (15min) Expected: -8.2% Previous: -9.8%
  • Join @MBForex at 8:30 AM ET/12:30 PM GMT for his weekly strategy #webinar Register here:
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min)
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, Analyst

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


--- Written by Dimitri Zabelin, Jr Currency Analyst for

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.