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
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
Bullish
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
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
GBP/USD
Bullish
USD/JPY
Bearish
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
  • Heads Up:🇷🇺 CBR Press Conference due at 12:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-18
  • US will ban people from downloading TikTok and We Chat from the 20th of September
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/7eR2z8LA3V
  • Libya's Haftar says the army has decided to resume output of oil #OOTT
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.24%, while traders in NZD/USD are at opposite extremes with 67.30%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KhSpML2e1A
  • 🇷🇺 Interest Rate Decision Actual: 4.25% Expected: 4.25% Previous: 4.25% https://www.dailyfx.com/economic-calendar#2020-09-18
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: 0.51% Silver: 0.47% Oil - US Crude: 0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/neu57eYQAY
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.44% 🇯🇵JPY: 0.43% 🇬🇧GBP: 0.15% 🇨🇭CHF: -0.01% 🇪🇺EUR: -0.03% 🇦🇺AUD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/H9AOMIjOnG
  • Heads Up:🇷🇺 Interest Rate Decision due at 10:30 GMT (15min) Expected: 4.25% Previous: 4.25% https://www.dailyfx.com/economic-calendar#2020-09-18
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/UalZ8cRSXB https://t.co/0sMIVrdslY
US Dollar Tumbles, Sees Significant Volatility on Leaked FOMC Minutes

US Dollar Tumbles, Sees Significant Volatility on Leaked FOMC Minutes

2015-08-19 18:25:00
David Rodriguez, Head of Product
Share:

- US Dollar rallies sharply as Bloomberg News headline shows early release of Fed minutes

- Full release shows headline was misleading, forces material US Dollar pullback

- Follow real-time news update via the Forex Real Time News page

The US Dollar saw significant volatility as the highly-anticipated minutes from the July US Federal Reserve meeting were leaked. Dovish rhetoric pushed the Greenback lower across the board.

All eyes were on the FOMC Meeting Minutes due at 14:00 ET/18:00 GMT, but the US Dollar suddenly rallied sharply as a Bloomberg News headline at 13:36 ET said “MOST FED OFFICIALS IN JULY SAW CONDITIONS FOR A RATE RISE NEARING.” Information came through in bits and pieces, and it remains unclear which news organization or individual prematurely released the official Fed document.

Ultimately the US Dollar rally faded as the full FOMC Minutes showed that the hawkish headline was almost certainly misleading. The full document showed that officials retain a wait and see approach towards raising interest rates, and indeed the implied odds of a Fed rate hike in September fell considerably.

US Dollar Surges on Initial Bloomberg News Leak, Pulls Back Sharply on Full FOMC Minutes Release

US Dollar Tumbles, Sees Significant Volatility on Leaked FOMC Minutes

Source: DailyFX Powered by TradingView, Prepared by David Rodriguez

The dovish shift in Fed rhetoric bodes poorly for the US Dollar, and we may see it continue to trade to fresh lows against the Euro and other major counterparts through near-term trading.

Written by David Rodriguez, Senior Strategist

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

DISCLOSURES