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
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/nHXiNJhLes
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/h0TmJcZeqr
  • $USDCAD sold off aggressively last week, putting it into position to test the important 2017 low; trading bias is neutral to bearish. Get your market update from @PaulRobinsonFX here: https://t.co/sphxUAW9TB https://t.co/ZhsTeJOOM8
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/qP96xmgDVn
  • The pro-risk Australian Dollar may extend gains after the record miss in US jobs data, amplifying dovish rhetoric from the Federal Reserve and keeping the Dow Jones and S&P 500 intact. Get your market update from @ddubrovskyFX here: https://t.co/yf8mPX3O3W https://t.co/uCCmjaxUhF
  • Who else is keeping close tabs on Dogecoin $DOGE this weekend? All eyes on Elon Musk @elonmusk, the proverbial 'Dogefather,' and his Saturday Night Live @nbcsnl performance kicking off at 11:30PM ET. The #crypto is already looking nice and perky following that trendline break! https://t.co/nrQsnlUqWj https://t.co/4lOz6NLQTG
  • There is some very interesting event risk over the opening half of this coming week of trade. It starts with Elon Musk hosting SNL tonight for Dogecoin traders and moves into US inflation data to as means to stir the ongoing Fed debate and Dollar https://www.dailyfx.com/forex/video/daily_news_report/2021/05/08/Dollar-Tumbles-Dow-Hits-Record-Highs-and-Dogecoin-Traders-Tune-In.html https://t.co/LXhjv7ToWC
  • It was a big week for Gold bulls and Gold prices broke out to fresh two-month-highs, finally taking-out the 1800 level along the way. Get your market update from @JStanleyFX here: https://t.co/D222Ni37Dv https://t.co/KcMYyx3Ro4
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/PjywaPeUsl
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/AjOSPzOFLb
Fed Should Hike Rate in 2015, Says FOMC Member Williams

Fed Should Hike Rate in 2015, Says FOMC Member Williams

Daniel Dubrovsky, Strategist

Talking Points:

  • Fed’s Williams sees raising interest rates later this year as the next appropriate step for monetary policy
  • US economy continues to expand, unemployment to fall further, inflation to reach 2% over 2 years
  • Sees signs of imbalances emerging in the form of high asset prices, particularly real estate

Follow commentary from top officials as it is released with the real-time news feed

San Francisco Fed President John Williams presented a speech on the US economic outlook in the early trading hours of Tuesday. It is important to note that Williams is a voter in the Federal Open Market Committee when it comes time for monetary policy decisions. One of the main takeaways from his speech is that he views 2015 as an appropriate time for the central bank to start raising interest rates. He added that his view is not immutable however and he will respond to economic developments over time.

Diving into the bulk of his projected outlook, Williams said that economic expansion is entering its 7th year with solid momentum. Over the past 5 years, real GDP growth has averaged a little over 2 percent with the pace of recovery to continue despite global headwinds. Consumer spending, roughly 70 percent of US GDP, has increased more than 3 percent over the past year. The San Francisco Fed President expects the unemployment rate to fall below 5 percent later this year and for it to remain there through 2016. His forecast for inflation is for it to reach the 2 percent goal over the next 2 years with risk that it could take longer than expected.

Looking ahead, Williams estimates that the country needs at most 100,000 jobs created each month for stable growth. The last time the US added less than 100K jobs on a monthly basis was in June 2012. Interestingly, the SF Fed President noted that there are signs of imbalances emerging. He sees this in the form of high asset prices, such as real estate. Williams added that the house price-to-rent ratio is at 2003 levels with house prices rapidly increasing. He does not think they are at a tipping point yet but he is looking out for potential potholes in the path to normalization.

The Dow Jones FXCM US Dollar edged modestly higher in the aftermath of the speech. September’s non-farm payrolls data will be released on Friday with the country expected to add 202,000 jobs.

Main Points:

  • Sees interest rate liftoff likely later this year
  • September FOMC rate decision to delay was a close call
  • Sees high asset prices, especially in real estate
  • Expects unemployment to fall below 5% later this year
  • Inflation to gradually move up to Fed’s 2% target
  • October FOMC is a “live” meeting
  • Expects pace of recovery to continue despite strong global headwinds
  • Appropriate path of policy to be gradual
Fed Should Hike Rate in 2015, Says FOMC Member Williams

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

DISCLOSURES