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. See our updated Privacy Policy here.



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
More View more
Real Time News
  • Brent oil prices hit $80 per barrel for the first time since October 2018 #trading #OOTT
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • This week has started with the recovery rally in risk assets stalled and the Dollar looking down multiple barrels of fundamental threat in monetary policy and debt politics. $EURUSD is well positioned as indicator 1.1650-1.1750
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • AUD/NZD, Could This be the Turnaround? - #AUDNZD chart on @TradingView
  • Another pleasure being on @ausbiztv with host @AusAndrewG talking about US indices, rising bond yields and $USDJPY Check out the full interview here! -
  • 🇦🇺 Retail Sales MoM Prel (AUG) Actual: -1.7% Previous: -2.7%
  • 🇨🇳 Industrial Profits (YTD) YoY (AUG) Actual: 49.5% Previous: 57.3%
  • (APAC Stocks Briefing) Dow Jones Gains as Nasdaq 100 Sinks, Crude Oil Boosts Energy Stocks. ASX 200 in Focus #DowJones #CrudeOil #NASDAQ #ASX200
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
Asia AM Digest: US Dollar Gains Before Trump SOTU Speech

Asia AM Digest: US Dollar Gains Before Trump SOTU Speech

DailyFX Research,

To get the Asia AM Digest every day, SIGN UP HERE

The US Dollar found a lifeline at the start of the trading week, gaining ground against all of its major counterparts. The greenback rose alongside Treasury bond yields while the priced-in 2018 rate hike outlook implied in Fed Funds futures steepened. That points to an improving monetary policy outlook as the catalyst for the advance, which newswires linked to speculation that President Donald Trump will unveil an infrastructure-spending plan in tomorrow’s State of the Union speech.

The British Pound declined amid tension in Brexit negotiations. David Davis – the top UK official managing the country’s withdrawal from the European Union – pushed back against an EU proposal to set an October deadline for a final deal. He said the UK won’t sign anything until it gets clarity on the future trade accord between the two parties. The order of operations envisions the UK and the EU a trade deal after the former country has formally left the regional bloc.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

Asia AM Digest: US Dollar Gains Before Trump SOTU Speech

DailyFX Webinar CalendarCLICK HERE to register (all times in GMT)

Asia AM Digest: US Dollar Gains Before Trump SOTU Speech

IG Client Sentiment Index Chart of the Day: EUR/USD

Asia AM Digest: US Dollar Gains Before Trump SOTU Speech

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 35.3% of traders are net-long EUR/USD, with the ratio of traders short to long at 1.84 to 1. In fact, traders have remained net-short since Apr 18 when EUR/USD traded near 1.05687; price has moved 16.8% higher since then. The number of traders net-long is 23.7% higher than yesterday and 5.7% lower from last week, while the number of traders net-short is 1.2% lower than yesterday and 8.0% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/USD price trend may soon reverse lower despite the fact traders remain net-short.

Five Things Traders are Reading:

  1. Crude Oil Price Forecast: Bulls on Parade As Funds Increase Bets by Tyler Yell, CMT, Trading Instructor
  2. Weekly Technical Perspective on DXY, USD/JPY and NZD/USD by Michael Boutros, Currency Strategist
  3. EUR/JPY Runs into Fibonacci Support at Prior Triple Top by James Stanley, Currency Strategist
  4. FX Markets Look to EZ GDP, Aussie & EZ Inflation, FOMC & US NFP by Christopher Vecchio, CFA, Sr. Currency Strategist
  5. Bitcoin Bounce and EUR/USD Near Trend Line by Jeremy Wagner, CEWA-M, Head FX Trading Instructor

To get the Asia AM Digest every day, sign up here

To get the US AM Digest every day, sign up here

To get both reports daily, sign up here

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.