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.

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
More View more
Real Time News
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today: https://t.co/XtydfV5wS6 https://t.co/Iw9haaHAnn
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sr63f https://t.co/raO3gCGqQ6
  • 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/8A1QhwMVKo https://t.co/rWVlBs6H3c
  • The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation. Get your weekly $USD forecast from @DavidJSong here: https://t.co/JTuP7CLlyi https://t.co/tOvqn3Gdpc
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/s5dn4ZKnku
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACyvdZ https://t.co/6VjW5FEiQW
  • Global stocks bounce back from recent pullback as key resistance levels lie ahead. Get your weekly equities forecast from @HathornSabin here: https://t.co/wXSWo1JygD https://t.co/vWVaSEQTXT
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9FlspUVZz https://t.co/9kfBu04auM
  • 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/lgDf5ddzFV https://t.co/8GJ6OQYgnW
  • Bitcoin (BTC) started the day on the front foot on the Twitter news before the latest China crypto ban hammered the market lower. Get your weekly crypto forecast from @nickcawley1 here: https://t.co/ZKHGXeVhsR https://t.co/QSltMQml6N
US AM Digest: Traders Wait for Powell to Climb the Capitol

US AM Digest: Traders Wait for Powell to Climb the Capitol

DailyFX Research,

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

The Jerome Powell era begins in earnest today as the new Fed Chair is set to appear in front of the US House Financial Services Committee for the first time. Yet as market participants eagerly await hearing from Fed Chair Powell, market expectations for any significant move today around the commentary are extremely low: options markets are implying less than a 1% move in any USD-pair during the course of today’s session. Given that markets are effectively pricing in Powell to be version 2.0 of Janet Yellen – thereby continuing her FOMC’s path of monetary policy – it would take a surprise comment akin to Yellen’s 2016 slip-up regarding the legality of negative interest rates to provoke a significant move (a comment she walked back at her next appearance).

DailyFX Economic Calendar: Tuesday, February 26, 2018 – North American Releases

US AM Digest: Traders Wait for Powell to Climb the Capitol

Tuesday has already proven to be an exceptionally busy day on the North American calendar, particularly for the United States. The data released has been less than reassuring for the US economy, however. The Trade Balance deficit grew in January, despite ongoing rhetoric from the Trump administration that it would like to see the deficit eliminated. Durable Goods Orders, a proxy for consumers’ financial health, dropped more than anticipated. Home prices’ gains appear to be stalling as well – a trend we’ll want to watch as interest rates and mortgage rates have risen since December. Fed Chair Jerome Powell is set to speak in front of the US House Financial Services Committee today at 10 EST/15 GMT.

DailyFX Webinar Calendar: Tuesday, February 26, 2018

US AM Digest: Traders Wait for Powell to Climb the Capitol

Five Things Traders are Reading

  1. “US Dollar Waits on New Fed Chair Powell - Expectations are Low” by Christopher Vecchio, CFA, Senior Currency Strategist
  2. “South African Cabinet Reshuffle: the Good, the Bad and the Rand” by Shaun Murison, CFTe, Technical Strategist
  3. “Market Sentiment in Neutral But Busy Week Ahead for Confidence Indicators” by Martin Essex, MSTA, Analyst and Editor
  4. “Gold Price Retests Chart Resistance But USD Dominates” by Nick Cawley, Analyst
  5. “Crude Oil, Gold Prices May Fall on Hawkish Fed Chair Powell” by Ilya Spivak, 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