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.

Free Trading Guides
EUR/USD
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
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
USD/JPY
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
Gold
Bearish
Oil - US Crude
Mixed
Bitcoin
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.94%, while traders in France 40 are at opposite extremes with 87.29%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9Q4yJsrfRI
  • EUR/USD Technical Analysis: Euro Rise Unlikely to Undo Downtrend - https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2019/10/16/EURUSD-Technical-Analysis-Euro-Rise-Unlikely-to-Undo-Downtrend.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #EURUSD #technicalanalysis
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.09% 🇪🇺EUR: -0.02% 🇬🇧GBP: -0.25% 🇦🇺AUD: -0.32% 🇳🇿NZD: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/la6Ae67t8c
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.23% US 500: -0.27% France 40: -0.29% Germany 30: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/jJoCuqFBZ3
  • Geopolitical developments send #oil prices soaring or falling. Get your market update from @MartinSEssex here:https://t.co/XVXLyG8vjq #OOTT https://t.co/Kv2LHTbEYP
  • US Dollar Technical Outlook: USD/INR, USD/SGD, USD/MYR, USD/IDR $USDINR $USDSGD #ASEAN - https://www.dailyfx.com/forex/technical/article/special_report/2019/10/16/US-Dollar-Technical-Outlook-USDINR-USDSGD-USDMYR-USDIDR.html?CHID=9&QPID=917702 https://t.co/kMf5jZVvrx
  • Overnight index swaps are now pricing in a 100% chance of an #RBNZ rate cut in November, after briefly softening following better-than-expected New Zealand CPI data earlier today #RBNZ $NZDUSD
  • The Swedish #Krona and Norwegian #Krone will be in for a tense week ahead of #Brexit-related drama and a crucial EU summit which could be a turning point for the EU-UK divorce. Get your market update from @ZabelinDimitri :https://t.co/zjTNQmDHTt https://t.co/zhR7J38A4M
  • RT @cherykang: Carrie Lam just started her policy address. Lawmakers chanting "five demands, not one less." Now, policy address temporaril…
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.27% Silver: 0.14% Gold: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TlvwJsIj0c
April FOMC Minutes Show Growing Chances for June Rate Hike

April FOMC Minutes Show Growing Chances for June Rate Hike

2016-05-18 19:29:00
Varun Jaitly,
Share:

Talking Points:

  • ‘Most’ Fed members see June hike likely if economic data supports it
  • Global risks cited in previous meetings seen to have largely diminished after March
  • Labor markets and inflation growth continues to show steady growth

Having trouble trading in the FX markets? This may be why.

In the latest Federal Open Market Committee (FOMC) minutes, ‘most’ members according to the report viewed the possibility of a June rate hike as being “likely” so long as economic data supported such action. Officials also noted that the global risks cited in previous meetings had largely diminished since March. Those concerns had been frequently brought up in Fed speeches by Chair Yellen and in other member statements over the past months. Some officials also voiced concern that the market’s pricing of a June rate hike was “unduly low”, suggesting the Fed is materially more optimistic than the markets. In keeping with previous statements and meetings the committee stressed its data dependency as the Fed’s key point of analyzing the viability of an interest rate hike. Some members, however, raised some issues including the commercial real estate market as lending had reportedly tightened in previous months.

The US Dollar strengthened sharply after the April minutes were released, while the S&P 500 dropped over 25 points in the minutes that followed.With regards to economic data dependency, the Fed acknowledged growth in labor market conditions amidst weaker growth in real GDP. Consumer price inflation remained below the committee’s target in the near term as depressed energy prices continued to suppress price pressures. Non-farm payrolls and general labor market conditions showed “solid” growth in March. The committee also noted the slight increase in the unemployment rate, however this was seen as a nonissue as both labor force participation and employment to population ratio increased. The Federal Reserve’s dual mandate including inflation and employment both showed solid growth over the first 4 months of 2016, and may give the committee the confidence to hike in June.

April FOMC Minutes Show Growing Chances for June Rate Hike

April FOMC Minutes Show Growing Chances for June Rate Hike

April FOMC Minutes Show Growing Chances for June Rate Hike

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

DISCLOSURES

News & Analysis at your fingertips.