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
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
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
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • After a brief pause at the end of July, the #gold price rally has resumed full steam ahead in August, with fresh all-time highs emerging for each of the past three days.Get your $XAUUSD market update from @CVecchioFX here: https://t.co/tNl7KTX8CD https://t.co/4I5nHcw1GM
  • $USDJPY Daily Pivot Points: S3: 104.74 S2: 105.3 S1: 105.52 R1: 106.08 R2: 106.42 R3: 106.98 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • White House Chief of Staff Meadows says stimulus discussions will last as long as needed tonight - BBG
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.61% 🇳🇿NZD: 0.60% 🇬🇧GBP: 0.21% 🇯🇵JPY: 0.05% 🇨🇭CHF: -0.14% 🇨🇦CAD: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tnW4af9aVr
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 7.24% Gold: 1.33% Oil - US Crude: 0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YbvtFCzKwH
  • US moves to tighten disclosure requirements for Chinese listed securities on US exchanges - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.93%, while traders in US 500 are at opposite extremes with 76.34%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2L02UUzPZP
  • The S&P 500 continues its move higher on Thursday with investor hopes for fiscal stimulus rise as the stalemate in congress endures. Now within 2% of its prior all-time high,Get your S&P500 market update from @FxWestwater here:https://t.co/LQvQw51Vcy https://t.co/ttKETOBHeU
  • #AUDUSD boldly broke above a 2019 resistance range, but negative RSI divergence shows upside momentum is slowing. Do you think the pair will capitulate or break past the upcoming ceiling at 0.7295? https://t.co/FV64qtuXXL
  • Trump says he is reimposing tariffs on Canadian aluminum- BBG
US Dollar May Build on Rebound as Market Mood Sours Further

US Dollar May Build on Rebound as Market Mood Sours Further

2019-02-08 18:00:00
Ilya Spivak, Head Strategist, APAC
Share:
USD

US DOLLARFUNDAMENTAL FORECAST: BULLISH

  • US Dollar gains as global stocks break 6-week winning streak
  • Global growth fears may continue to stoke haven USD demand
  • Brexit, US border policy and US-China talks are wildcards

Gain confidence in your US Dollar trading strategy with our free guide!

Looking for a technical perspective on the US Dollar? Check out the Weekly USD Technical Forecast.

The US Dollar roared higher, scoring the largest gain in six months last week. Most of the move occurred against a backdrop of deteriorating risk appetite, as expected. The MSCI World Stock Index snapped a six-week uptrend amid swelling global slowdown fears, stoked by ominous comments from the RBA and BOE as well as signs of trouble in Brexit and US-China trade negotiations.

The week ahead may offer something similar. Inflation, retail sales and consumer confidence figures headline the domestic docket. Outcomes echoing the potent upturn in realized US data outcomes relative to forecasts since the beginning of the year might inspire a shift to a less-dovish setting on priced-in Fed policy bets. That may be doubly supportive for Greenback if it stokes risk aversion along the way.

Meanwhile, the first RBNZ policy statement since November and soundbites from a gathering of the Eurogroup may keep worries about slowing growth in the headlines. On the political front, the UK Parliament will vote on alternatives to Prime Minister May’s defeated Brexit withdrawal bill as US officials scramble to reach an immigration policy compromise before stop-gap funding for the government expires Friday.

On balance, this speaks to the kind of environment that is likely to inspire de-risking across financial markets. That bodes well for the benchmark US currency as its unrivaled liquidity serves as a magnet for haven-seeking capital flows. A longshot political breakthrough on either side of the Atlantic – or perhaps even between Washington and Beijing – seems to be the most significant risk to such a scenario.

--- Written by Ilya Spivak, Sr. Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivakon Twitter

US DOLLAR TRADING RESOURCES

OTHER FUNDAMENTAL FORECASTS:

Australian Dollar Forecast – Australian Dollar Could Take Some Rest On The Road Lower

New Zealand Dollar Forecast – NZD/USD Looks Vulnerable. How Dovish Will the RBNZ Turn Next Week?

Oil Forecast – Fears of Slowing Global Growth to Limit Further Gains

British Pound Forecast – Dovish BoE, Brexit Hell

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

DISCLOSURES

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.