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
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 non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order? Get your market update from @FxWestwater here:
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
Fed Reserve Chair Janet Yellen Presses For Rate Hike in 2015

Fed Reserve Chair Janet Yellen Presses For Rate Hike in 2015

Yash Gandhi,

Talking Points:

  • US Federal Reserve Chair Janet Yellen claims Fed remains on track to raise rates this year
  • Several FOMC members echoed liftoff sentiments, note economy’s readiness
  • Fed Funds Futures price a September rate hike at 20%, December hike at 70%

The United States Federal Reserve hasn’t raised rates since June of 2006 however we may be closer to the end of this streak than many expect. Fed Chairwoman Janet Yellen reiterated her belief that a hike in 2015 was appropriate in her semi-annual testimony to the House financial panel Tuesday. And, Yellen wasn’t alone when it came to her hawkish comments. A range of Fed members speaking this past session echoed a tightening monetary policy lean.

Janet Yellen’s prepared testimony brought upbeat news on the economy. She noted the Fed is likely to raise its main interest this year assuming forecasts for stronger growth and lower employment. Yellen added the timing of the liftoff takes a backseat to pace. She emphasized policy will remain “highly accommodative for some time.” Yellen’s comments come after the Federal Open Market Committee’s forecasts, which were updated at the June rate meeting and implied two quarter-point rate rises this year. She noted fed liftoff will truly gauge the market’s economic recovery and said growth abroad could provide, “additional support for U.S. economic activity.”

Kansas City Fed President Esther George, speaking early in the Asia session, said “it’s time” when asked for her thoughts on a fed liftoff. George has been on the hawkish end of the spectrum for some time, and has repeatedly advocated for a shift in monetary policy. George assessed, “A 25-basis-point increase in the fed-funds rate should not have an adverse effect on the economy.”

President of the Federal Reserve Bank of Cleveland Loretta Mester spoke two hours after Yellen and echoed, "The economy can handle an increase in the fed funds rate.” She referenced a small increase and said with the economic progress that has been made near zero interest rates can be stepped back from.

John Williams went as far as to say, “September would be a very plausible time to start liftoff.” President of the San Francisco Federal Reserve, Williams has until recently been considered a dovish official. Last week he proposed seeing inflation figures before making a decision. However, speaking an increasingly decisive tone, Williams said the U.S. economy is likely to be at full employment “well before” 2016.

The 30-Day Fed Funds Futures by from the CME – used to hedge against expected changes in interest rates – shows the market remains dubious. Markets are pricing an independent 25-basis-points hike in September 2015 at 20%, an October 2015, at 40% and a December 2015 rate hike at 70%. Futures are priced on the basis of 100 minus the effective federal funds rate. September, October, and December stand at 99.835, 99.785, and 99.710 respectively.

Fed Reserve Chair Janet Yellen Presses For Rate Hike in 2015

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