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
Bearish
Oil - US Crude
Bearish
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
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • 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: https://t.co/ADSC4sIHrP https://t.co/roqwTv3eyP
  • Technical analysis of charts aims to identify patterns and market trends by utilising 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/ghcFd5ufaD
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true. Simplify your trading strategy with these four indicators here: https://t.co/fYgcMxImlP https://t.co/kkekBVYvhV
  • 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/9S5tXIs3SX https://t.co/VwIkOMpvYl
  • “The UK and EU have agreed to return to the negotiating table to try to agree a post-#Brexit trade deal. But on Friday, a joint statement said ‘significant divergences’ remained.” - BBC News #GBP
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here: https://t.co/Sy3g6HGLrR https://t.co/aRfVCRZut3
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/uUh18lR3yK
  • The rising wedge is a popular reversal pattern that is predictive in nature and can give traders a clue to the direction and distance of the next price move. Incorporate the rising wedge in your trading strategy and learn more here: https://t.co/zTTk2WOrj9 https://t.co/q5oBalZieU
  • Both the S&P 500 and $EURUSD will enter the coming week with momentum to their back. What can trip up the rallies? What could keep them going? My overview for the week ahead: https://www.dailyfx.com/forex/video/daily_news_report/2020/12/05/SP-500-and-EURUSD-Rallies-Face-Different-Conviction-Questions-.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/YfEXEhkbhl
  • After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council. Get your $EURUSD market update from @MartinSEssex here:https://t.co/Slu7tHo2a4 https://t.co/9am4szeia1
Dollar Climbs As Fed Chair Yellen Builds Hawkish Tone after Hike

Dollar Climbs As Fed Chair Yellen Builds Hawkish Tone after Hike

2016-12-19 22:00:00
Christian Lewis,
Share:

Talking Points:

  • Fed Chairwoman’s Yellen addressed University of Baltimore Commencement
  • Struck an optimistic tone, citing strongest job market in a decade
  • Increased longer-term forecast for interest rates remained intact

See how retail traders are positioning in the majors using the DailyFX SSI readings on the sentiment page.

The US Dollar climbed as Fed Chair Janet Yellen addressed the University of Baltimore Commencement on the state of US employment. In her remarks, the policy head took an optimistic tone about the future of the US economy. While Yellen did not directly mention monetary policy in her speech, she assured those graduating that they would be entering the strongest job market in nearly a decade. With the unemployment rate at 4.6 percent, its lowest level since 2007, Fed policy makers have indicated a growing confidence in the US economy. Yellen also stated that she sees indications that wage growth is picking up, and that weekly earnings for younger workers have made promising gains.

The speech by the Fed Chair comes less than a week after the FOMC raised the benchmark lending rate by 25 basis points. That move had been projected fairly clearly by Fed policy makers and was widely expected by the market. However, the Fed did deliver a bit of drama when they increased their forecast for rate hikes in 2017 to three from two. The market has appears to maintain a certain skepticism to this more hawkish forecast. Chair Yellen’s remarks Monday will help to solidify those views and perhaps curb the doubt that lingers in the market. Moving forward, it will be prudent to pay very close attention to Fed language to see if they begin to falter with their hawkish strides. Data will also play a key role in the convergence of market and Fed forecast with the Fed’s-favorite inflation measure, the PCE deflator, due for release Thursday.

Dollar Climbs As Fed Chair Yellen Builds Hawkish Tone after Hike

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

DISCLOSURES