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
Bearish
Oil - US Crude
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
Wall Street
Mixed
Gold
Bearish
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
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Ambiguity abounds. The US open finds the $SPX loitering above its 100-day moving average as well as its technical 'correction' (-10% from highs) and below the neckline of its H&S break https://t.co/MlsRVbzkBi
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -0.70% Oil - US Crude: -1.32% Silver: -1.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/4xYTddorjQ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.28%, while traders in EUR/GBP are at opposite extremes with 64.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7OJ5FXh4rF
  • another nasty week in Cable $GBPUSD but most of that sell-off was Monday and Tuesday, after which support came into play. 2712 has now helped to hold the lows for three (going on four) days - even as $USD rally has continued https://t.co/kKURzmx61S https://t.co/eHZZ9rZC9X
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: -0.32% Silver: -0.93% Oil - US Crude: -1.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fdLE2SYbFA
  • While risks may be starting to skew to the upside in Brexit negotiations, GBP/USD continues to trade in choppy fashion, with pullbacks finding support at 1.2720-30. Get your $GBPUSD market update from @JMcQueenFX here:https://t.co/TOrUJKapR1 https://t.co/txDbUikOFZ
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.21% US 500: -0.30% Wall Street: -0.50% France 40: -1.37% Germany 30: -1.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/eOrhf8Ozhy
  • Heads Up:🇺🇸 Fed Williams Speech due at 13:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-25
  • 🇺🇸 Durable Goods Orders Ex Transp MoM (AUG) Actual: 0.4% Expected: 1.2% Previous: 2.4% https://www.dailyfx.com/economic-calendar#2020-09-25
  • 🇺🇸 Durable Goods Orders MoM (AUG) Actual: 0.4% Expected: 1.5% Previous: 11.2% https://www.dailyfx.com/economic-calendar#2020-09-25
DailyFX US AM Digest: US Dollar Gains at Start of Quieter Week

DailyFX US AM Digest: US Dollar Gains at Start of Quieter Week

2017-11-06 13:50:00
DailyFX Research,
Share:

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

It’s the start of a quieter week for FX markets, with the US Dollar continuing its push higher against the Euro. The progress of tax reform legislation is perhaps the most significant driver the US Dollar in the coming days, during a week otherwise absent of meaningful economic data or significant commentary from Federal Reserve policymakers. The British Pound has stabilized a few days after the Bank of England rate decision as rates markets have finally settled on November 2018 as being the most likely period for the next 25-bps rate hike; prior to the BOE last week, markets were pricing in August 2018. Elsewhere, volatility expectations are creeping up for the Australian and New Zealand Dollars in the days ahead of the RBA and RBNZ rate decisions, while the lackluster calendar has lower implied vol for the British Pound, Euro, and Swiss Franc this week.

DailyFX Economic Calendar: Monday, November 6, 2017 – North American Releases

DailyFX US AM Digest: US Dollar Gains at Start of Quieter Week

The North American economic docket is considerably light this week, and Monday is perhaps the perfect microcosm of what to expect for the next five days overall. There are a smattering of data releases, but they’re all rated ‘low,’ while the Fed speakers due up won’t likely be talking about near-term monetary policy decisions. As such, the news wire stands a much better chance of providing a catalyst for price action on Monday, particularly as investors await details on US President Trump’s tax reform efforts.

DailyFX Webinar Calendar: Monday, November 6, 2017

DailyFX US AM Digest: US Dollar Gains at Start of Quieter Week

IG Client Sentiment Index Chart of the Day: AUDUSD

DailyFX US AM Digest: US Dollar Gains at Start of Quieter Week

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

Five Things Traders are Reading

  1. “FX Markets Turn to Asia-Pacific Region for Top Drivers in Week Ahead” by Christopher Vecchio, CFA, Senior Currency Strategist
  2. “NZD/USD & GBP/USD Short-term Volatility Expectations Differ Significantly” by Paul Robinson, Market Analyst
  3. “European Economy Booming According to Sentix Index” by Martin Essex, MSTA, Analyst and Editor
  4. “COT: Oil Positioning Nears Record; CAD Traders Sell Most in 6 Months” by Paul Robinson, Market Analyst
  5. “Euro Will Look for Drivers Beyond the Economic Calendar This Week” 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