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
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Risk aversion is starting to take serious traction but the Dollar is also climbing after Powell's failed attempt to soothe markets. That said, I'm watching $USDJPY (sentiment below) along with the Nasdaq 100. My analysis:
  • Copper is on track to make a sixth consecutive monthly gain as prices inch towards its all-time high. The global backdrop remains supportive despite a short-term pause in the rally. Get your market update from @FxWestwater here:
  • RT @globaltimesnews: China's GDP growth target in 2021: above 6 % #TwoSessions2021
  • Retail trader signals still hint that the Dow Jones and S&P 500 may be at risk, placing the focus on year-long rising trendlines to see if dominant upside biases hold.Get your market update from @ddubrovskyFX here:
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.84% Gold: -0.18% Silver: -0.66% View the performance of all markets via
  • BoJ's Kuroda: Importance of keeping yield curve low remains unchanged, appropriate to increase flexibility of ETF purchases -BBG
  • BoJ's Kuroda: Don't think it is necessary to expand long-term yield band -BBG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.06% 🇬🇧GBP: 0.06% 🇨🇦CAD: 0.05% 🇪🇺EUR: -0.08% 🇦🇺AUD: -0.12% 🇳🇿NZD: -0.23% View the performance of all markets via
  • Japan's Prime Minister Suga: Hard to restart 'go to' travel within this fiscal year -BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.79%, while traders in GBP/JPY are at opposite extremes with 69.67%. See the summary chart below and full details and charts on DailyFX:
Dollar Charges to Multi Week Highs on Strong US GDP Data

Dollar Charges to Multi Week Highs on Strong US GDP Data

Tyler Amend,

Talking Points:

- US Annualized GDP (3QA) beat analyst estimates with a headline reading of 3.5%.

- US Personal Consumption (3QA) falls just short of estimates at 1.8%.

-EURUSD falls 1.2547 before rebounding.

US Gross Domestic Product beat analyst estimates of 3.0% with a headline reading of 3.5%, which was 1.1% lower than the prior reading. The slowdown in GDP expansion is a modest reflection of a decrease in inventory investment and a lack of consumer spending. This slow down in US GDP could be indictive of Q3 retail performance, which could reflect the slowdown in personal consumption.

US Personal Consumption data fell below analyst estimates of 1.9% slipping to 1.8%. This small slowdown in personal consumption is a side effect of the slowdown in GDP expansion that has been noted over the past few headline readings.

Here’s a summary of the data this morning that’s contributed to US Dollar price action:

- Initial Jobless Claims (OCT25): 287K versus 285K expected, from 283K (revised to 284K).

- Continuing Claims (OCT18): 2384K versus 2352K expected, from 2351K (revised to 2355K).

- GDP Annualized (3QA): 3.5% versus 3.0% expected, from 4.6% (q/q).

- Personal Consumption (3QA): 1.8% versus 1.9% expected, from 2.5%.

-GDP Price Index (3QA): 1.3% versus 1.4% expected, from 2.1%.

-Core PCE (3QA): 1.4% versus 1.4% expected, from 2.0%.

See the US Dollar economic calendar for Thursday, October 30, 2014.

EURUSD 1-minute Chart: October 30, 2014 Intraday

Dollar Charges to Multi Week Highs on Strong US GDP Data

Charts Created using Marketscopeprepared by Tyler Amend

EURUSD fell to 1.2547 on the back of a strengthening dollar before retracing all dollar gains and moving to an intraday high of 1.2607. This could be a reflection of a large amount of EURUSD short positions exiting the market. EURUSD is currently trading around 1.2602 at the time of this report.

--- Written by Tyler Amend, DailyFX Research

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