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. See our updated Privacy Policy here.

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
Subscribe
Please try again
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
Oil - US Crude
Bearish
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
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
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.19%, while traders in France 40 are at opposite extremes with 70.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/V8ZnsZ4edi
  • S&P 500 Index Rebound May Offer Relief for Nikkei 225 and ASX 200 https://www.dailyfx.com/forex/market_alert/2021/05/14/SP-500-Index-Rebound-May-Offer-Relief-for-Nikkei-225-and-ASX-200.html https://t.co/ZnGfxTKewh
  • Update on #Cryptocurrencies #BITCOIN +1.94% #BITCOINCASH +5.98% #ETHEREUM +3.83% #RIPPLE +4.27% #LITECOIN +4.10% #DOGECOIN +10.44%
  • The British Pound gained aggressively, placing the focus on levels that may send GBP/USD and GBP/JPY lower, with EUR/GBP still open to a turn higher. Will Sterling’s advance continue? Get your $GBP market update from @ddubrovskyFX here:https://t.co/PHoCHVc20M https://t.co/NKKwqiEESG
  • RT @FxWestwater: #Corn had quite the day, with a big limit-down drop after the USDA #WASDE report forecasted higher ending stocks. https://…
  • Japan plans virus emergency in Hokkaido, Hiroshima and Okayama -BBG
  • The Dow Jones and S&P 500 outlook appears bleak in the near term as retail traders increase their upside exposure. At the same time, these indices confirmed bearish technical warning signs. Get your market update from @ddubrovskyFX here:https://t.co/fKCHELbOxo https://t.co/9C6i6IHqCr
  • USD/CHF May Reverse Downtrend if Falling Wedge Plays Out - #USDCHF chart https://t.co/6VXrYbCodi
  • The Euro's technical posture against the US Dollar, Japanese Yen and Australian Dollar shows potential for near-term directional shifts. Here are the EUR/USD, EUR/AUD and EUR/JPY levels to watch. Get your $EUR market update from @FxWestwater here:https://t.co/7rW8FGPBUt https://t.co/Lu6KAC3YzQ
  • #Dogecoin up over 13% as Elon Musk tweets he is working with #Doge devs to improve system transaction efficiency, adding it is 'potentially promising' This is a day after #Tesla suspended Bitcoin payments for vehicle purchases, courtesy of @FxWestwater - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/05/12/Bitcoin-BTC-Plunges-on-Tesla-Bitcoin-Suspension-AUDUSD-Spars-USD-Strength.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/NlPFPbGGSL
US Dollar Dips After US Budget Deficit Tops $1 Trillion for a Fourth Year

US Dollar Dips After US Budget Deficit Tops $1 Trillion for a Fourth Year

Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: U.S. government posts first budget surplus in September in four months; overall deficit for fiscal year 2012 tops $1 billion for a fourth year > Ongoing debate over impending fiscal policy changes > USDCAD declines

The U.S. government posted its first monthly budget surplus in five months in September, while the overall federal budget deficit topped $1 trillion for a fourth straight year. According to the Treasury Department’s monthly budget statement released today, the government recorded a budget surplus of $75.0 billion in September compared with a $62.7 billion shortfall a year earlier. September’s monthly surplus fell in line with the median forecast of 20 economists surveyed by Bloomberg News.

Receipts outpaced outlays in September, with revenue rising 8.9 percent from the same month last year to $262 billion, while spending fell 38 percent to $187 billion over the same period.

Meanwhile, the overall budget shortfall for the year ended in September came in at $1.09 trillion. U.S. policymakers are continuing to deliberate on the impact of the impending fiscal policy changes of higher taxes and government spending cuts a month before the presidential election.

USDCAD 1-minute Chart: October 12, 2012

US_Dollar_Dips_After_US_Budget_Deficit_Tops_1_Trillion_for_a_Fourth_Year__body_Picture_2.png, US Dollar Dips After US Budget Deficit Tops $1 Trillion for a Fourth Year

Chart created using Market Scope – Prepared by Tzu-Wen Chen

The U.S. dollar dipped slightly against most major currencies in the minutes after the monthly budget statement was released. At the time this report was written, the greenback had declined further against the Canadian dollar, with the USDCAD pair trading at C$0.9792.

--- Written by Tzu-Wen Chen, DailyFX Research

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

DISCLOSURES