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
Mixed
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
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
GBP/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
USD/JPY
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
More View more
Real Time News
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/1G7CRsegRX https://t.co/U5nV4ch2t8
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:https://t.co/sR7HqpK8BI https://t.co/Q6WGzHhudp
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/2MCG036HGH https://t.co/CbnRsuyRwi
  • #Gold saw its worst performance the past 5 days in 5 months as longer-dated government bond yields in developed countries rose Could this be the beginning of a turning point in #XAUUSD? https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/08/15/Gold-Price-Outlook-Will-XAUUSD-Brush-off-Worst-Week-in-5-Months.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/x2Indk3b7P
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/PT09ZsIOCa
  • The US #Dollar may rise, buoyed by haven demand as fiscal stimulus talks stagnate and swelling tensions between Washington and Beijing sink trade talks. Get your #currencies update from @DanielGMoss here: https://t.co/Wcw9PDUr67 https://t.co/gnYZYl6aLV
  • Upside in #CrudeOil struggling ahead of #OPEC meeting. Cartel likely to maintain wait and see approach. Get your #commodities update from @JMcQueenFX here: https://t.co/gNHHKoTUzm https://t.co/eF40DRIBJ5
  • #Gold had some big moves last week, and while vol is expected to die down a bit, it will be important to see if gold can hold its ground in the coming days/weeks. Get your #metals update from @PaulRobinsonFX here: https://t.co/N8a84hRnHN https://t.co/3fjodPHTDm
  • The S&P 500's refusal to hit a record and Dollar's anchor to range this past week is sign of summer liquidity conditions, but the quiet is not insurmountable. 'S&P 500 Record and Dollar Break Look to Stimulus and Trade to Override Seasonality' https://www.dailyfx.com/forex/video/daily_news_report/2020/08/15/SP-500-Record-and-Dollar-Break-Look-to-Stimulus-and-Trade-to-Override-Seasonality-.html https://t.co/mbvPkdQfYl
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/DmhBkcMZBK https://t.co/kFk6ccU3Sk
Dollar as a Safe Haven or Source of Global Instability?

Dollar as a Safe Haven or Source of Global Instability?

2020-07-09 13:30:00
John Kicklighter, Chief Strategist
Share:

US Dollar Points:

  • The Dollar maintains a distinct ‘safe haven’ status, but it is when absolute liquidity is prized that the currency’s nuanced problems are downplayed
  • Stimulus remains a prominent theme heading into the third quarter as speculation over the Fed committing to yield curve control has the FOMC minutes in the crosshairs
  • Meanwhile, the return of trade war pressures from the US against China and the EU reminds that the Dollar may actually be an epicenter of uncertainty
USD Forecast
USD Forecast
Recommended by John Kicklighter
Download the new 3Q Dollar forecast!
Get My Guide

The US Dollar managed to close this past quarter without having to commit to a systemic bullish or bearish trend – much like broader risk benchmarks such as the Dow. It will prove difficult for the benchmark currency to avoid a clear drive through the second half of 2020 as more critical systemic issues come to a head.

Through the opening week of the new month, quarter and half; the Greenback looks like it may weigh in on its often-assumed sacrosanct safe haven status. Through the past few weeks, the inverse correlation between the DXY Dollar Index and the S&P 500 was remarkably acute. That is a change from the carry status the currency held in 2019. Should the rise of the coronavirus cases in the United States (and around the world) trigger another avalanche in capital markets, the Dollar will likely see its profile swell again. Yet, that role is not certain.

A serious caveat to the most liquid currency moving forward is the growing hostility of the United States towards its major counterparts – both trade rivals and partners. While the carry over trade war with China is taking on a new life as the White House increasingly ascribes blame for the global pandemic on the country, there are tensions arising even with the European Union. This policy uncertainty is likely to only increase as the US election comes into view (November 3rd). Watch this thread unfold starting in this very first full week of the new quarter.

Chart of the DXY Dollar Index Overlaid with the US Economic Policy Uncertainty Index (Weekly)

Fed US Dollar and economic policy uncertainty

Chart Created on Tradingview Platform

See the full fundamental and technical analysis of the US Dollar for the third quarter in our new guide.

USD Forecast
USD Forecast
Recommended by John Kicklighter
Get Your Free USD Forecast
Get My Guide

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.