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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • What are the six major stock types utilized by every trader? Learn here:
  • President Donald Trump: Will give up power if electoral college votes for Biden - BBG
  • President Donald Trump says conceding is going to be a very hard thing to do - BBG
  • 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:
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.20% 🇨🇭CHF: 0.16% 🇪🇺EUR: -0.01% 🇦🇺AUD: -0.06% 🇨🇦CAD: -0.08% 🇬🇧GBP: -0.23% View the performance of all markets via
  • Turkey's central bank raises reserve requirement ratios - BBG $USDTRY
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Gold: 0.12% Silver: -0.06% Oil - US Crude: -1.57% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.73%, while traders in NZD/USD are at opposite extremes with 74.62%. See the summary chart below and full details and charts on DailyFX:
  • BoC Deputy Governor Wilkins: Real estate bounce back has been 'sharp, 'aggressive' Pent-up demand drove sharp housing rebound Doesn't see a lot of speculation in housing - BBG $CAD
  • BoC Governor Macklem: Negative rates in toolkit; not being discussed Could lower effective lower bound, not be negative Ample scope to scale up QE if needed - BBG $CAD
President Trump Signs $1.3 Trillion Spending Bill After Veto Threats

President Trump Signs $1.3 Trillion Spending Bill After Veto Threats

2018-03-23 20:30:00
Peter Hanks, Analyst

Talking Points:

  • $1.3 trillion funding bill averts government shutdown
  • The bill provides sweeping increases to military spending, domestic spending, and tools for combatting opioid addiction
  • Markets rebounded slightly after the bill was signed but soon continued sliding

Learn the number one mistake traders make when trading. Download our Traits of Successful Traders Guide in the Beginner section of the DailyFX Trading Guides page.

Under the gun of another shutdown, the US government rushed through a sizable spending program that will keep the lights on through early September. The government spending bill passed quickly through rounds of voting in the House (256-167) and a subsequent passage from the Senate (65-32). The Senate vote may be the last opportunity for major legislation change before the midterm elections in November. The $1.3 trillion bill received criticism from fiscal conservatives over the amount of spending at a time when Republicans have complete control of the federal government. Despite criticism, the massive bill provides funding for key issues of each party.

Highlighted within the bill are appropriations for increased military spending, domestic spending, border security, election security, and funds to battle opioid addiction. House Speaker Paul Ryan praised the increased military spending saying “this critical legislation begins to reverse the damage of the last decade and allows us to create a 21st century fighting force.” The bill presents the largest increase in military spending in the last 15 years and provides increased pay to military personnel. Spending was also increased on specific military equipment like jets, submarines, and tanks.

Domestic spending and border security were next on the docket as funds were given to the tunnel project between New York and New Jersey, a key sticking point for President Trump leading up to the signing. A $1.6 billion was provisioned for border security and $700 million for election security as midterm elections draw nearer. In recent weeks, opioid addiction has been an area of concern for both parties and was awarded $2.8 billion. President Trump asserted he would never sign another bill similar to the bill presented today, expressing his unhappiness with the length and size of the spending appropriations.

President Trump Signs $1.3 Trillion Spending Bill After Veto Threats

Although trade tensions have been the dominant force in markets this week, the bill provided a slight intraday bump to US equities. However, markets seem unable to shrug off the ongoing trade tensions and the bump was quickly erased as markets continued their downward trend from earlier in the day. In the address, President Trump was optimistic about nearing a conclusion to trade negotiations with ally South Korea and Commerce Secretary Wilbur Ross said the deal is due to be completed next week. In contrast, the introduction of a tariff on $60 billion worth of Chinese goods Thursday suggestions tension will not simply abate.

Read more on how trade tariffs and trade wars can impact the US economy and its Dollar.

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