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
Wall Street
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
  • #USDollar Outlook Bearish on Mnuchin & Powell Testimonies, Key US Data ⬇️
  • 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:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The Japanese #Yen may continue to exhibit a bullish behavior as the Bank of Japan (BoJ) appears to be in no rush to alter the path for monetary policy. Get your #currencies update from @DavidJSong here:
  • The New Zealand Dollar appears poised to extend its climb against its haven-associated counterparts as long-term trend break hints at cyclical upturn. Get your $NZDUSD market update from @DanielGMoss here:
  • The US Dollar may rise against ASEAN currencies like the Singapore Dollar if local retail sales and sentiment data disappoints. USD/IDR may fall on the Bank of Indonesia. Get your market update from @ddubrovskyFX here:
  • The US Dollar may rise against the Singapore Dollar and Philippine Peso. USD/MYR’s downtrend holds, but a bullish pattern brews. USD/IDR seems stuck between key technical levels.Get youe #ASEAN currencies market update from @ddubrovskyFX 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 #Dollar has bottoming potential, but that is starting to lose weight as it fails to sustain any lift; next week could be a big one for #USD’s near-term outlook. Get your #currencies update from @PaulRobinsonFX here:
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
Worst US Jobs Report of 2015 Sinks USD/JPY, Supercharges EUR/USD

Worst US Jobs Report of 2015 Sinks USD/JPY, Supercharges EUR/USD

2015-10-02 13:06:00
Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- US economy added +142K jobs in September, nearly -60K below the forecast.

- Unemployment rate steady only as participation rate decreases; wage growth dries up.

-EURUSD trades as high as as $1.1316 after the report.

It might be time to put a pin in hopes for the Federal Reserve to raise rates in 2015. With the US labor market having been the sole pillar of fundamental strength supporting the US Dollar over the last year, the strongest talking point for a rate hike just took a significant hit. The September US labor market report was disappointing all around, arguably the worst report in recent memory – the worst perhaps since the May 2012 report that paved the way for QE2.

The US economy endured the second consecutive month of jobs growth below +200K, all but erasing the potential for a Fed rate hike this year. Earlier this week, there was over a 42% chance of a rate hike in December, per the Fed funds futures contracts. After the report today, that probability dipped to 30% (and falling).

Here are the data that’s sent the US Dollar to fresh daily lows:

- USD Change in Nonfarm Payrolls (SEP): +142K versus +201K expected, from +136K (revised lower from +173K).

- USD Unemployment Rate (SEP): 5.1% as expected unch.

- USD Labor Force Participation (SEP): 62.4% from 62.6%.

See the DailyFX economic calendar for Friday, October 2, 2015

EURUSD 1-minute Chart: October 2, 2015 Intraday

Worst US Jobs Report of 2015 Sinks USD/JPY, Supercharges EUR/USD

After the data releases, the US Dollar saw precipitous decline across the board, and has yet to recover. EURUSD initially jumped from $1.1150 to as high as $1.1316, and was last trading at $1.1288. Meanwhile, USDJPY sank to as low as ¥118.95 from ¥120.32, and was trading at ¥119.08 at the time this report was written.

Read more: Trade Setups in USD-pairs around September US NFPs

--- Written by Christopher Vecchio, Currency Strategist

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.