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.



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
  • The US Dollar may seesaw as investors navigate what could be a volatile week packed with US GDP data, rising Covid-19 cases, Q3 corporate earnings and more. Get your #currencies update from @ZabelinDimitri here:
  • USD/MXN pushes lower towards a critical support level in the midst of continued political uncertainty. Get your #currencies update from @HathornSabin here:
  • Gold Forecast - via @DailyFX “Gold price outlook still hinges on stimulus deal expectations and corresponding swings in real yields.” What will I have my eyes on in the week ahead? Link to Analysis: $GC_F $XAUUSD $GLD
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Talks between the EU and UK restarted today and will continue over the weekend as negotiators from both sides battle against the clock. Get your #currencies update from @nickcawley1 here:
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • The US Dollar is losing ground against ASEAN FX, with USD/SGD and USD/IDR possibly readying to extend declines. Will USD/PHP and USD/MYR follow? Find out from @ddubrovskyFX here:
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here:
Holiday Conditions Prevalent as US GDP Surge to +4.1% Barely Moves USD

Holiday Conditions Prevalent as US GDP Surge to +4.1% Barely Moves USD

2013-12-20 14:16:00
Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- US economy growing faster than expected, boosted by a revision higher in consumption.

- Improved consumption momentum diminshes concern of prior inventory buildup.

- US Dollar little moved as liquidity thin ahead of Christmas.

Signs that the US economy may have had a fluke period of growth in 3Q’13 have been diminished after the final revision showed improvement in key areas. Notably, with the growth rate topping +4% (+4.1%) for the first time since 2011, there is hope that the inventory buildup during the quarter was warranted given the uptick in consumption.

As these data are the final revisions, much of the information has already been priced in; and therefore, very little reaction has been seen across the board. Here’s the data driving price action in the US Dollar:

- GDP (3Q F): +4.1% versus +3.6% expected unch (annualized) (q/q).

- Personal Consumption (3Q F): +2.0% versus +1.4% expected unch (annualized) (q/q).

- GDP Price Index (3Q F): +2.0% as expected unch (annualized) (q/q).

USDOLLAR 5-minute Chart: December 20, 2013 Intraday

Holiday_Conditions_Prevalent_as_US_GDP_Surge_to_4.1_Barely_Moves_USD__body_Picture_1.png, Holiday Conditions Prevalent as US GDP Surge to +4.1% Barely Moves USD

Charts Created using Marketscopeprepared by Christopher Vecchio

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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