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.

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
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
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
USD/JPY
Mixed
More View more
Real Time News
  • The US Dollar plummeted on the heels of NFP with an outside-weekly reversal risking further May losses. Here are the levels that matter on the $DXY charts. Get your market update from @MBForex here: https://t.co/62p4Gd5E2c https://t.co/S6FwI8x3uK
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/ttuTdWFDD5
  • Long $USDCNH was one of my favorite setups for the 2nd quarter btw. I maintain, I like the fundamentals; but the greenback's recent battering needs to relent before this can perform
  • The Dollar's tumble this past week was an abrupt one. We'll see if inflation pressures trigger a shift in risk and rate expectations in the US which could turn the USD's bearings. Meanwhile, a pair I haven't highlighted ... https://t.co/yXl1aoOlIy https://t.co/TWV7tqv2y8
  • $DOGEUSD's daily range post Elon SNL spot is 0.2900. That may not sound like a lot but the current spot rate is ~ 0.5600. The lower wick (reversal from Sunday's low) is a 35% recovery from the low. A speculator's market, not an investor's. https://t.co/hAjg8YO7xA
  • What are some factors driving AUD? Get your free forecast for this quarter here:https://t.co/z85CIVYiuK #DailyFXGuides https://t.co/ZhVyZvw5Ii
  • Last week ended well for $EURUSD, with Friday’s shockingly poor US jobs data giving it a lift, and this week could well see its advance extend if it can break conclusively above resistance at 1.2150. Get your market update from @MartinSEssex here: https://t.co/EFPGUI8Uxc https://t.co/LZA6oXsmJO
  • $GBPUSD broke higher from a Symmetrical Triangle pattern late last week. Meanwhile, $EURGBP remains largely rangebound. Get your market update from @FxWestwater here: https://t.co/hnjGCww0ET https://t.co/0LcIv5Yudg
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/0gwSneZjOL
  • Another week of record breaking gains in the alt-coin space, while Ethereum (ETH) continues to print fresh highs and eats into Bitcoin’s (BTC) market dominance. Get your market update from @nickcawley1 here: https://t.co/robpKfDf8U https://t.co/3sOzL01rcI
US GDP Beat Sends US 10yr Yields to Three Month Highs

US GDP Beat Sends US 10yr Yields to Three Month Highs

Gregory Marks,

Talking Points:

-GDP Annualized (QoQ) (3Q S) comes in better than expected at 3.6% vs. 3.1% surveyed and 2.8% prior

-GDP Price Index (3Q S) beats at 2.0% vs. 1.9% surveyed and prior

-Initial Jobless Claims (NOV 30) better than expected at 298K vs. 320 expected and 321K prior revised

-Personal Consumption (3Q S) comes in at 1.4%, slightly below 1.5% expectations

U.S. GDP figures for the third quarter annualized beat market expectations of 3.1% to come in at 3.6%. Although Personal Consumption missed expectations by a tenth of a percent, the massive beat in GDP figures in addition to better than expected Initial Jobless Claims boosted the greenback and sent U.S. 10yr yields to three month highs. Currently above 2.85%, we have not seen these yields on the 10yrs since mid September.

Dow Jones FXCM USDollar Index (5-Minute Chart)

US_GDP_Beat_Sends_US_10yr_Yields_to_Three_Month_Highs_body_Picture_2.png, US GDP Beat Sends US 10yr Yields to Three Month Highs

Source: FXCM Marketscope

Strength in the USDollar was short lived despite the strong data and the Dow Jones FXCM USDollar Index retraced gains before the top of the hour. Market participants may be waiting for tomorrow’s non-farm payroll print in order to get final confirmation before the week is out in regards to the strength of U.S. data. If we see a beat in non-farm payrolls on Friday, market participants may continue to sell Treasuries and buy Dollars ahead of the Fed’s December FOMC meeting and rate decision.

US_GDP_Beat_Sends_US_10yr_Yields_to_Three_Month_Highs_body_Picture_1.png, US GDP Beat Sends US 10yr Yields to Three Month Highs

Gregory Marks, DailyFX Research Team

Keep up to date on event risk with the DailyFX Calendar.

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

DISCLOSURES