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
Please try again
Oil - US Crude
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
More View more
Real Time News
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order? Get your market update from @FxWestwater here:
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX here:
DailyFX US AM Digest: US Dollar Starts 2018 the Way it Ended 2017

DailyFX US AM Digest: US Dollar Starts 2018 the Way it Ended 2017

DailyFX Research,

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

The first trading day of 2018 (though not the first ‘full’ trading day, given that Japan was on holiday) is off to a poor start for the US Dollar. While there are no new factors influencing the greenback per se, it would appear that the negative momentum that marked the end of December 2017 is finding follow through at the start of the New Year. Despite the fact that US President Trump signed the tax reform bill into law before Christmas, rates markets are not pricing in a material bump to US growth or inflation expectations. Accordingly, early signs indicate that traders feel the Federal Reserve may be too optimistic in their forecast for three hikes in 2018.

DailyFX Economic Calendar: Tuesday, January 2, 2018 – North American Releases

DailyFX US AM Digest: US Dollar Starts 2018 the Way it Ended 2017

The North American economic calendar is fairly quiet as trading resumes in the New Year, with the only ‘high’ importance event already in the rearview mirror (December Canadian Manufacturing PMI beat at 54.7 from 54.4). The rest of the day, bill sales are in sight at the US Treasury. It is worth noting that US government debt sales are scheduled to be at their highest rate in eight years, with net issuance due in at $1.3 trillion. A higher supply of US debt could mean there is a natural tendency for rates to be pointed higher (given the inverse relationship between price and rates).

DailyFX Webinar Calendar: Tuesday, January 2, 2018

DailyFX US AM Digest: US Dollar Starts 2018 the Way it Ended 2017

IG Client Sentiment Index Chart of the Day: EURUSD

DailyFX US AM Digest: US Dollar Starts 2018 the Way it Ended 2017

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

EURUSD: Retail trader data shows 26.9% of traders are net-long with the ratio of traders short to long at 2.72 to 1. The number of traders net-long is 38.4% higher than yesterday and 3.8% lower from last week, while the number of traders net-short is 7.4% higher than yesterday and 19.1% 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. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.

Five Things Traders are Reading

  1. “FX Markets Start the New Year with Euro-Zone CPI, US NFP in Sight” by Christopher Vecchio, CFA, Senior Currency Strategist
  2. “Volatility Won’t Stay Low Forever: Political Risks Set to Rise in 2018” by Christopher Vecchio, CFA, Senior Currency Strategist
  3. “GBP Falls as UK Manufacturing Misses Lofty Expectations” by Nick Cawley, Analyst
  4. “Will The Bank of England Offer a Bitcoin-Style Cryptocurrency?” by Nick Cawley, Analyst
  5. “DailyFX Q1 2018 Forecasts: USD, Oil and Equities” by the DailyFX Research Team

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.