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
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
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
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Technology stocks continue to be a source of weakness for US equities, undermining risk appetite. Meanwhile, US-China tensions simmer beneath the surface creating uncertainty. Get your #equities update from @PeterHanksFX here: https://t.co/yH8oTwT3iW https://t.co/tvfrXThyaC
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/Xi9QU3ADPF
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/cQwbeZ6Feq
  • #Oil prices saw a reprieve to the recent selling pressure but remain at risk while below downtrend resistance. Here are the levels that matter on the #WTI technical chart. Get your #commodities update from @MBForex here: https://t.co/CcXsF3JCMH https://t.co/RUmS1cX52v
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/boEI8RuQdC
  • The growth-linked New Zealand Dollar may rise on the upcoming #RBNZ rate decision following rosy economic data. However, downside potential in the S&P 500 could offset $NZDUSD gains. Get your #currencies update from @ddubrovskyFX here: https://t.co/LfCe6C6G3P https://t.co/kUeBxxeaEf
  • It was a quiet week in Aussie as $AUDUSD put in its second consecutive week of indecision. But taking a more granular look highlights the potential for a reversal scenario. Get your #currencies update from @JStanleyFX here: https://t.co/PPK20nubAf https://t.co/0nfmRRFNnz
  • The S&P 500 pushed the market's comfort with a head-and-shoulders pattern through Friday's close. What should we look for in technical patterns, overlapping fundamental tides and speculative positioning for the likes of $EURUSD next week? https://www.dailyfx.com/forex/video/daily_news_report/2020/09/19/EURUSD-Pressure-Building-while-Anxious-Traders-Weigh-Did-SP-500-Break.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/lgVJVwi8th
  • Sterling remains trapped by overarching fundamentals drivers and both $GBPUSD and $EURGBP are going to have to wait until the Brexit dust settles. Get your #currencies update from @nickcawley1 here: https://t.co/vF1K1cy0nd https://t.co/NSA7qiQihc
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/d9EmTOHyTv
DailyFX US AM Digest: US Dollar Steady at Start of Big Week

DailyFX US AM Digest: US Dollar Steady at Start of Big Week

2017-10-30 12:45:00
DailyFX Research,
Share:

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

The Euro is stabilizing after last week’s tumble following the October ECB rate decision as new catalysts are sought after. Upcoming Euro-Zone CPI and GDP releases on Tuesday could offer further reprieve. Meanwhile, the British Pound continues to tread water ahead of the BOE’s November policy meeting this Thursday, when it is widely believed a 25-bps rate hike will be announced. Given that a rate hike is almost 100% priced-in, the forward guidance on future rate hikes will be the determining factor for the Sterling. Finally, the US Dollar is only down slightly on the day (via DXY Index) as US Treasury yields have eased from multi-month (the 10Y) or multi-year (the 2Y) highs. The Fed rate decision this Wednesday is expected to be merely a placeholder.

DailyFX Economic Calendar: Monday, October 30, 2017 – North American Releases

DailyFX US AM Digest: US Dollar Steady at Start of Big Week

The remainder of the day on the North American economic calendar is fairly light, with four items left and all being ‘low’ importance. Instead, traders should be keeping an eye tuned to the news wire, as it is very likely US President Trump will make his pick for the next Fed Chair at some point in the coming days before he leaves for his Asia diplomacy tour on November 3. Jerome Powell, a 2012 Obama-appointee to the Federal Reserve Board of Governors, is believed to be favored over current Fed Chair Janet Yellen.

DailyFX Webinar Calendar: Monday, October 30, 2017

DailyFX US AM Digest: US Dollar Steady at Start of Big Week

IG Client Sentiment Index Chart of the Day: Positioning Summary Table

DailyFX US AM Digest: US Dollar Steady at Start of Big Week

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

Five Things Traders are Reading

  1. “FX Markets Brace for Big Week: EZ CPI; BOJ, FOMC, & BOE; US NFP” by Christopher Vecchio, CFA, Senior Currency Strategist
  2. “USD/JPY, GBP/USD Volatility Expectations Differ Ahead of BoJ, BoE” by Paul Robinson, Market Analyst
  3. “COT: Large Specs Stubbornly Long Euro, CAD, AUD, but Fleeing from NZD” by Paul Robinson, Market Analyst
  4. “US Dollar Casts Worried Eye on Mueller Indictment, Trump Fed Pick” by Ilya Spivak, Senior Currency Strategist
  5. “After ECB Policy Meeting, Euro Adrift Looking for a Life Boat” by Christopher Vecchio, CFA, 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