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
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
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
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: https://t.co/CNtqrKWDBY https://t.co/lvIUu5FHoq
  • 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: https://t.co/yOUVEEqhc5 https://t.co/bpKdIqGxsn
  • 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: https://t.co/rfwUWJfbz9 https://t.co/jmcAIW4w5k
  • 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: https://t.co/zEEUHZBx7g https://t.co/M9isuvnzqF
  • 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: https://t.co/6Ct5R0H41F https://t.co/c4rXmMjMrv
  • 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: https://t.co/lgDf5cVYOn https://t.co/4dhCP5pnxM
  • 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: https://t.co/kLXZewWBMd https://t.co/w1Nu0z569m
  • 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: https://t.co/8G8mUX4so6 https://t.co/Gn41XsGktg
  • 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: https://t.co/SRsG8CxjEn https://t.co/2AR1qgx0tz
  • 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: https://t.co/5rjm2gr3EL https://t.co/aLwhWHMPqz
DailyFX US AM Digest: US Dollar Slide Continues as Shutdown Deadline Approaches

DailyFX US AM Digest: US Dollar Slide Continues as Shutdown Deadline Approaches

DailyFX Research,

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

The US Dollar is on pace to close the week out at a three year low (per the DXY Index) as the specter of a US federal government shutdown looms at the end of the day today. This particular government shutdown would be a unique phenomenon, insofar as a government shutdown hasn’t occurred when one singular party has been in control of the White House, the Senate, and the House of Representatives since the Jimmy Carter administration in September 1979 (a period of abject policy failure all-around – fiscal, monetary, foreign, etc.). Accordingly, the push higher by US Treasury yields – the 10-year yield is at its highest level since September 2014 – isn’t of the variety that would benefit the US Dollar (improving growth and inflation expectations); rather, the rise in long-end yields may be reflecting growing political risks in the US.

DailyFX Economic Calendar: Friday, January 19, 2018 – North American Releases

DailyFX US AM Digest: US Dollar Slide Continues as Shutdown Deadline Approaches

It’s a quiet Friday to close out the North American economic calendar for the week, with only one ‘high’ rated event. Even then, it’s debatable that the preliminary January US U. of Michigan Sentiment report deserves such a level of importance, given the fact that confidence readings have been holding near multi-decade highs for over a year now, resulting in the data leaving little discernible impact on FX markets. With the US federal government shutdown rapidly approaching at midnight tonight, all eyes should be on the news wire for real-time updates out of Washington, D.C.

DailyFX Webinar Calendar: Monday, January 22, 2018

DailyFX US AM Digest: US Dollar Slide Continues as Shutdown Deadline Approaches

IG Client Sentiment Index Chart of the Day: Spot Gold

DailyFX US AM Digest: US Dollar Slide Continues as Shutdown Deadline Approaches

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

Spot Gold: Retail trader data shows 63.9% of traders are net-long with the ratio of traders long to short at 1.77 to 1. The number of traders net-long is 3.6% higher than yesterday and 2.5% lower from last week, while the number of traders net-short is 1.5% higher than yesterday and 3.3% higher from last week.

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

Five Things Traders are Reading

  1. “USD Bearish Momentum Continues as Government Shutdown Nears” by Christopher Vecchio, CFA, Senior Currency Strategist
  2. “GBPUSD Shrugs Off Poor UK Retail Sales, Brexit Optimism Dominates” by Martin Essex, MSTA, Analyst and Editor
  3. “Strong U. of Michigan Confidence Survey to Fuel Bearish EUR/USD Series” by David Song, Currency Analyst
  4. “S&P 500 Technical Analysis: Wobbling, but Still Strong” by Paul Robinson, Market Analyst
  5. “EUR/JPY Technical Analysis: Trend-Line Bounce into Resistance Zone” by James Stanley, 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