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
  • South Korea Covid cases hit new daily record at 1,896 - BBG
  • Bank of Japan Summary: - Vital to study climate change impact - Premature tightening should be avoided - BBG $USDJPY
  • Heads Up:🇯🇵 BoJ Summary of Opinions due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-07-27
  • 6 out of 9 Dow Jones sectors ended lower, with 56.7% of the index’s constituents closing in the red. Information technology (-0.80%), industrials (-0.55%) and energy (-0.34%) were among the worst performer, whereas communication services (+0.50%) outperformed. https://t.co/f3nUjK3Mmz
  • Hey there traders! I will be hosting this session in about 50 minutes Will be talking about the Dow Jones and S&P 500 ahead of the Fed and Core PCE data Signup for the session below! https://t.co/cm2ubS2wBd
  • RT @FxWestwater: Asia AM - Japanese Yen Outlook: $USDJPY Drops on Haven Flows as Traders Brace for #FOMC Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/07/27/Japanese-Yen-Outlook-USDJPY-Drops-on-Haven-Flows-as-Traders-Brace-for-FOMC.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr htt…
  • Please join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here: https://t.co/AzOQip9B3r https://t.co/tYPv6QYQIG
  • US Dollar Outlook: Fed Decision Due - Will it Spark Fireworks? The $DXY edged lower on Tuesday with $EURUSD, $GBPUSD, and $USDJPY all feeling Dollar weakness. Will the Fed catch markets off-guard with another hawkish surprise tomorrow? Link to Analysis - https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/07/27/us-dollar-outlook-fed-decision-due-will-it-spark-fireworks.html https://t.co/iTt0jJiuUC
  • Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook. Get your market update from @FxWestwater here:https://t.co/T3oQa9qksd https://t.co/qgDReDbtcd
  • USD/JPY price action has weakened sharply on the session but is searching for support. Get your $USDJPY market update from @RichDvorakFX here:https://t.co/s6baPFYuS3 https://t.co/1ze3cKJytb
US AM Digest: US Dollar Gains as Rebalancing Continues

US AM Digest: US Dollar Gains as Rebalancing Continues

Justin McQueen, Analyst

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

The DXY Index continues to hover around the psychological 90.00 handle with the greenback keeping its shine amid the support from month and quarter-end demand. Given the holiday quietened trade, major G10 pairs have been trading within a relatively tight range, USD/JPY has so far held onto 106.50 after yesterday saw its largest 1 day advance this year, option expiries worth 1.1bln at 106.40-50 likely to magnetize price action for now. Notable mover this morning is the Loonie, which rose to a high of 1.2944 following a surprise fall in the latest GDP readings (M/M -0.1% vs. Exp. 0.1%).

DailyFX Economic Calendar: Thursday, March 29, 2018 – North American Releases

US AM Digest: US Dollar Gains as Rebalancing Continues

With a bulk of the data from the US and Canada out of the way, participants will keep a close eye on Chicago PMI which is expected to tick up slightly to 62 from 61.9, alongside the final reading for the U. of Michigan Sentiment data. Also, given the holiday shortened week, the Baker Hughes Rig Count (typically published on Friday) will be released later today. In terms of central bank speech, Philadelphia Fed President Harker (Non-Voter) is set to speak on the economic outlook, however comments may be similar to what had been seen earlier, in which Harker stated that he expects 3 rate hikes this year amid stronger inflation (previously saw 2 rate hikes). Reminder, US core PCE (Fed preferred measure of inflation) printed in-line with expectations at 1.6%, still somewhat below the FOMC’s 2% inflation target.

DailyFX Webinar Calendar: Thursday, March 29, 2018

US AM Digest: US Dollar Gains as Rebalancing Continues

IG Client Sentiment Index Chart of the Day: USDCAD

US AM Digest: US Dollar Gains as Rebalancing Continues

USDCAD: Retail trader data shows 50.8% of traders are net-long with the ratio of traders long to short at 1.03 to 1. The number of traders net-long is 5.4% higher than yesterday and 11.4% higher from last week, while the number of traders net-short is 0.8% higher than yesterday and 14.6% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDCAD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDCAD-bearish contrarian trading bias.

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

Five Things Traders are Reading

  1. EUR/USD Vulnerable to Further Losses on Rising U.S. Inflation” by David Song, Currency Strategist
  2. Gold & Silver Technical Outlook: Resistance Validated Again, Eyes on Support Now” by Paul Robinson, Market Analyst
  3. Trade the News: EUR May Strengthen After German Inflation Data” by Martin Essex, MSTA, Analyst and Editor
  4. Euro May Fall if German Inflation Data Disappoints” by Ilya Spivak, Sr. Currency Strategist
  5. “Bitcoin Chart Nears Breakout Point” by Nick Cawley, Analyst

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