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
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Notice

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 2.19% Gold: 0.74% Oil - US Crude: 0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/QNPEEysdEK
  • The Dow Jones, Nasdaq 100 and S&P 500 will look to the arrival of earnings season for influence. Get your #equities market update from @PeterHanksFX here:https://t.co/96vOGDYq2K https://t.co/xUE3PxGz9B
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.41%, while traders in France 40 are at opposite extremes with 75.87%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/akuL5mmcvW
  • Pfizer states it can deliver 10% more vaccine doses to the US by the end of May $PFE $SPX $NDX $RUT
  • Had the pleasure of sitting down with @GuyAdami and @RiskReversal for another episode of The Macro Setup to discuss $GLD $BTC and $SPX ahead of earnings season and the Coinbase IPO Watch here - https://t.co/6usEdkA5om
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.41% Germany 30: 0.06% Wall Street: 0.00% FTSE 100: 0.00% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0qT3sH7l3i
  • #Bitcoin breaks out to fresh all-time highs as investors cast an eye to the long awaited Coinbase IPO #BTC $BTCUSD https://t.co/qwxlzkGa9C
  • NY Fed Treasury purchase schedule remains unchanged - BBG
  • Silver posting a strong session, now up 2.3% on the day. In recent trade, silver has struggled to break above the 50-day EMA $XAG $USD https://t.co/BetnXeKLj3
  • Bitcoin sets another record high. BTC/USD gains traction in anticipation of Coinbase IPO. Get your $btc market update from @Tams707 here:https://t.co/twYdOVA0hW https://t.co/EXlj1yWjyL
DailyFX US AM Digest: Dollar Dive Enters Day Three

DailyFX US AM Digest: Dollar Dive Enters Day Three

DailyFX Research,

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open - signup here

The US Dollar is down for a third straight day despite no clear negative drivers coming out of the United States, on either the economic data or political sides. US bond markets were closed yesterday due to the US federal holiday, and US Treasury yields have held steady around the same levels from Friday’s close upon reopening today.

The British Pound and the Euro are trading higher after a steady flow of improved economic data the past two days, with the August German Industrial Production report posting its highest level in six-years and both August UK Industrial and Manufacturing Production beating expectations soundly. Although it hasn’t impacted markets beyond the local region thus far – Spanish bonds and equities, mainly – attention remains on the Catalan independence push, as a formal declaration of independence could be declared on Tuesday.

DailyFX Economic Calendar: Tuesday, October 10, 2017 – North American Releases

DailyFX US AM Digest: Dollar Dive Enters Day Three

The North American economic calendar is heavier than yesterday, although considering there were no data or events on Monday, that doesn’t say much. The truth is that the calendar is still light for the remainder of the session. If there is an event to keep an eye on, however, it will be the 10 EDT/14 GMT speech by Federal Reserve Bank of Minneapolis President Neel Kashkari. The Minneapolis Fed president is widely considered to be one of the more dovish members of the FOMC. Accordingly, should Mr. Kashkari reveal any hawkish leanings – particularly on the doorstep of the September FOMC minutes tomorrow and the September US Advance Retail Sales and Consumer Price Index reports – the US Dollar would likely find a much-needed bullish driver to stop its three-day slide.

DailyFX Webinar Calendar: Tuesday, October 10, 2017

DailyFX US AM Digest: Dollar Dive Enters Day Three

IG Client Sentiment Index Chart of the Day: GBPUSD

DailyFX US AM Digest: Dollar Dive Enters Day Three

Learn more about the IG Client Sentiment Index on the DailyFX Sentiment page

GBPUSD: Retail trader data shows 56.2% of traders are net-long with the ratio of traders long to short at 1.28 to 1. The number of traders net-long is 6.2% higher than yesterday and 36.6% higher from last week, while the number of traders net-short is 11.1% higher than yesterday and 14.2% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.

Five Things Traders are Reading

  1. “US Dollar Uptrend Dented as Euro, Pound Find Reasons to Rally” by Christopher Vecchio, CFA, Senior Currency Strategist
  2. “Euro Continues to Ignore Catalan Crisis, But For How Long?” by Martin Essex, MSTA, Analyst and Editor
  3. “Gold Prices Rise But Gains May Be Fleeting as FOMC Minutes Loom” by Ilya Spivak, Senior Currency Strategist
  4. “GBP/USD Rallies on Upbeat UK Economic Data” by Martin Essex, MSTA, Analyst and Editor
  5. “US Dollar May Erase Near-Term Losses as FOMC Minutes Approach” by Ilya Spivak, Senior Currency Strategist

The DailyFX US AM Digest is published every day before the US cash equity open - you can SIGNUP HERE to receive this report in your inbox every day.

The DailyFX Asia AM Digest is published every day before the Tokyo cash equity open - you can SIGNUP HERE to receive that report in your inbox every day.

If you're interested in receiving both reports each day, you can SIGNUP HERE.

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

DISCLOSURES