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
  • If you'd rather watch a market video rather than US Presidential debates - or whether I gauged the market aftermath correctly - you can watch my trading video for what matters Wednesday here:
  • 🇨🇳 Non Manufacturing PMI (SEP) Actual: 55.9 Previous: 55.2
  • 🇨🇳 NBS Manufacturing PMI (SEP) Actual: 51.5 Expected: 51.2 Previous: 51
  • Here we go #PresidentialDebate2020
  • Heads Up:🇺🇸 Presidential Debate due at 01:00 GMT (15min)
  • Heads Up:🇨🇳 Non Manufacturing PMI (SEP) due at 01:00 GMT (15min) Previous: 55.2
  • Heads Up:🇨🇳 NBS Manufacturing PMI (SEP) due at 01:00 GMT (15min) Expected: 51.2 Previous: 51
  • What are some key points post the US Presidential debate? Get your key highlights here with @ZabelinDimitri at 10:30PM EST here:
  • Although recent polls suggested that Joe Biden is leading, the odds that Donald Trump may again defy the preconceived forecasts still exist. Remember he is Trump. And thus a face-to-face debate is worth traders’ precious time. Live TV show begins in 50 mins.
  • Dow displayed a bearish trading pattern overnight: 7 out of 9 sectors in the red, with 86.7% of the index constituents ending lower. Energy, materials and industrials were among the worst performers, while healthcare and consumer discretionary struggled to hold small gains.
DailyFX US AM Digest: Euro Knocked Back by ECB; DXY Index Above 94

DailyFX US AM Digest: Euro Knocked Back by ECB; DXY Index Above 94

2017-10-26 13:30:00
DailyFX Research,

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

The DXY Index traded above 94.00 for only the third day in October today, fueled by Euro weakness around the European Central Bank rate decision (the Euro is 57.6% of the DXY Index overall). Markets were anticipating a taper to the ECB’s QE program to €30 billion/per month, but the taper was seen as a touch more dovish in that the duration of the program was pushed to September 2018, rather than June 2018 as was expected. ECB President Mario Draghi used his press conference to underscore the ECB’s commitment to keeping interest rates at their current low levels for an extended period of time, including beyond the termination of the QE program. You can read the ECB market alert here.

DailyFX Economic Calendar: Thursday, October 26, 2017 – North American Releases

DailyFX US AM Digest: Euro Knocked Back by ECB; DXY Index Above 94

With the ECB policy meeting in the rearview mirror, the remainder the North American economic calendar is relatively quiet. There are no other ‘high’ importance releases on the day, and only one ranked ‘medium’ – the September US Pending Home Sales report. Housing data for the US has been mixed in September, with the New Home Sales and Existing Homes sales giving divergent readings. Markets have generally been discounting the impact of September US economic data due to the interference wrought by Hurricanes Harvey and Irma.

DailyFX Webinar Calendar: Thursday, October 26, 2017

DailyFX US AM Digest: Euro Knocked Back by ECB; DXY Index Above 94

IG Client Sentiment Index Chart of the Day: EURUSD

DailyFX US AM Digest: Euro Knocked Back by ECB; DXY Index Above 94

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

EURUSD: Retail trader data shows 35.2% of traders are net-long with the ratio of traders short to long at 1.84 to 1. The number of traders net-long is 12.7% lower than yesterday and 21.9% lower from last week, while the number of traders net-short is 12.7% higher than yesterday and 7.6% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.

Five Things Traders are Reading

  1. “EUR/USD Revisits Support After ECB Reduces, Extends QE” by James Stanley, Currency Strategist
  2. “Euro Stumbles as ECB Signals Tightening of Monetary Policy” by Martin Essex, MSTA, Analyst and Editor, and Christopher Vecchio, CFA, Senior Currency Strategist
  3. “Preview for October ECB Meeting and Outlook for EUR-crosses” by Christopher Vecchio, CFA, Senior Currency Strategist
  4. “Bitcoin Pushes Higher on Amazon Rumor; Gold Falls Further” by Nick Cawley, Analyst
  5. “DAX Consolidating or Topping? ECB May Determine Its Fate” by Paul Robinson, Market Analyst

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.