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
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.51% 🇨🇦CAD: 0.39% 🇪🇺EUR: 0.38% 🇳🇿NZD: 0.04% 🇬🇧GBP: -0.12% 🇯🇵JPY: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qEABm6nDyn
  • US Treasury Yields: 2-Year: 0.159% 3-Year: 0.188% 5-Year: 0.299% 7-Year: 0.496% 10-Year: 0.671% 30-Year: 1.369% $TNX
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 2.87% Gold: 0.40% Oil - US Crude: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/9zzrCQMv2s
  • S&P 500 price is within striking distance of hitting all-time highs as stocks continue to rally. Get your market update from @RichDvorakFX here: https://t.co/pKvJ9wv9VY https://t.co/kkbBSDDVo8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.94%, while traders in US 500 are at opposite extremes with 78.38%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Ycy6nhUEDm
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.09% US 500: -0.02% Wall Street: -0.07% France 40: -0.14% FTSE 100: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/6KHC1wW7Wo
  • Ugly numbers but (always a but with data), June monthly GDP +8.7% gives hope.... https://t.co/CYevGpL7g5
  • Fed's Daly: #Fed committed to making inflation goal of 2% - BBG
  • With the S&P 500 just topping its all-time record high and the 10YR Treasury yield up again now to 67-bps, yesterday's selloff in stocks looks more like it had to do with margin calls related to the sharp reversal in precious metals.
  • I know it came out a while back but wow, prelim UK GDP data for Q2 QoQ was -20.4%, and YoY was -21.7%.
USD Outlook Bearish on Earnings Data, Stimulus Talks, Accommodative Fed

USD Outlook Bearish on Earnings Data, Stimulus Talks, Accommodative Fed

2020-08-01 08:00:00
Dimitri Zabelin, Analyst
US Dollar Basket


USD Losses May Be Amplified by Corporate Earnings

The US Dollar may fall if corporate earnings from large-cap companies – like HSBC and Walt Disney to name a few of the many – put a discount on haven-linked assets. Last week, four out of the five members of the so-called FAANG group – Facebook, Amazon, Apple Netflix and Google – posted record-breaking earnings in the worst recession in a century.

Despite the devastation caused by the coronavirus pandemic, technology stocks continue to surge in tandem with demand for digital services. A key factor behind the tech sector’s rise has been in part due to government shutdown policies and the implementation of work-from-home policies. This in turn has helped insulate technology stocks from the impact of the Covid-19 impact.

Follow me on Twitter @ZabelinDimitri for more market updates!

US Dollar Hammered by FOMC Rate Decision, Stocks Jumped With Joy

However, there also was another factor that hurt and may continue to damage the US Dollar and push stocks higher. In summary, last week, the Fed said it will not let go of the proverbial gas pedal in regards to QE and emphasized that tightening credit conditions is not even on the agenda at this time. Due to the “considerable” risk of the coronavirus, monetary authorities will be holding rates near zero for the foreseeable future.

You can see a summary of the main comments here.

The notion of an uninterrupted stream of liquidity from a devoted Federal Reserve helped further quell credit crisis fears and lift market sentiment. Consequently, this hammered demand for haven-linked assets like the US Dollar – and amplified gains in cycle-sensitive assets like stocks. These kinds of messages may therefore continue to be a point of weakness for the USD until another possible crisis triggers a flight to safety.

US Dollar Demand May Fade if Data Points to Economic Stabilization

This week, a cascade of PMI data out of key supply-chain and consumer-oriented economies will be crossing the wires. Better-than-expected prints could point to signs of economic stabilization and push cycle-sensitive assets higher at the expense of havens. Some alleviation of lockdown measures have helped restore economic activity but that may soon turn around as cases and deaths – particularly in the US – continue to rise.

US Fiscal Stimulus Talks May Amplify Dollar Losses

A sense of urgency among congressional lawmakers may help deliver a timely stimulus bill, with many anticipating another round of $1,200 checks. Having said that, disagreement over unemployment benefits and other matters concerning the distribution of the funds could cause delays. In this scenario, a sharp U-turn in sentiment could erase some of the gains stocks enjoyed and provide a tailwind for the battered US Dollar.

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

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

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


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.