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. See our updated Privacy Policy here.

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
Oil - US Crude
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
More View more
Real Time News
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/JTw3w7KYXP
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.10% 🇪🇺EUR: -0.15% 🇯🇵JPY: -0.18% 🇬🇧GBP: -0.39% 🇳🇿NZD: -0.56% 🇦🇺AUD: -0.69% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/a8XYJHybtN
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: -0.05% Oil - US Crude: -0.25% Gold: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/C66zBofenc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.72%, while traders in France 40 are at opposite extremes with 71.64%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6QmJTzlrho
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/1mnOXUuBpt https://t.co/8PhqKCpyzf
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.03% France 40: 0.03% US 500: 0.02% FTSE 100: -0.06% Germany 30: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Mkxtacawl4
  • AUD declined into the weekend, wiping out earlier gains against USD #IronOre tumbled this week, with futures on #SGX down about 15%! -> 3-month low China is further cracking down on steel output to ebb pollution Iron ore is a key AU export to China, posing a risk #AUD $AUDUSD https://t.co/NSDM7Ln5sA
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:https://t.co/7G7pWntiyY https://t.co/gAlFxO9Fl4
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.11% Silver: -0.53% Gold: -0.95% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qTX1rsmxSM
  • Mexico’s second quarter GDP grows 1.5% q/q and 19.7% y/y, slightly below market expectations. Get your $USDMXN market update from @DColmanFX here:https://t.co/s3i0GDWXpr https://t.co/CD7aQhOG19
Fed’s Janet Yellen Weighs on Economy After Dismal NFP Figures

Fed’s Janet Yellen Weighs on Economy After Dismal NFP Figures

Varun Jaitly,

Talking Points:

  • Fed Chairman Yellen is the last member to speak before June 15th FOMC meeting
  • Yellen noted the dismal May NFP figures, said other labor indicators showed strength
  • The Chairman also echoed Brainard’s caution on Brexit and Chinese rebalancing

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

The US Dollar spiked higher moments after the content of Fed Chair Janet Yellen’s Monday speech crossed the wires. In her statement, the central banker addressed the disappointing Non-Farm Payroll figures (the smallest increase in jobs since August 2011) that were released last week, and what they mean for the Fed’s outlook. Her comments echoed those of Loreta Mester, who spoke on Saturday suggesting a single month’s figures should not be given too much weight. The Chairwoman also noted that other labor market indicators have been more positive, such as data suggests wages may finally be picking up.

With regards to other risks to the rate path, Yellen cited the potential fallout from the Brexit, as well as the challenges facing China during its rebalancing. In her speech, the Chair remained vague on the timing of the tightening path as she maintained that it will be gradual. After last week’s NFP numbers, the probability of a hike at the next meeting fell from 22 to 4 percent. After Yellen’s speech today, that number fell further to 2 percent. Given the drastic shift in market expectations since Thursday, today’s speech drew a much more attentive market. Yellen will be the last Fed official scheduled to speak before the week-long blackout period prior to the June 15th FOMC meeting.

Fed’s Janet Yellen Weighs on Economy After Dismal NFP FiguresFed’s Janet Yellen Weighs on Economy After Dismal NFP Figures

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

DISCLOSURES