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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • US 10yr yields have notably tightened, falling from 1.10% yesterday to trade around 1.04% today. Yields still remain elevated in 2021 compared to earlier in the pandemic. $GOVT $IEF $USD
  • Hey traders! Get your Tuesday market update from @DailyFX Chief Strategist @JohnKicklighter 👇
  • $EURGBP is currently trading around 0.8855, nearing the lows set around 0.8840 last week. A break below this level would mark the pair's lowest level since May. $EUR $GBP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 70.50%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.50% Gold: -0.17% Oil - US Crude: -0.27% View the performance of all markets via
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.49% 🇬🇧GBP: 0.40% 🇦🇺AUD: 0.35% 🇪🇺EUR: 0.10% 🇯🇵JPY: 0.07% 🇨🇭CHF: 0.06% View the performance of all markets via
  • The DAX is breaking lower out of a short-term topping sequence, the pattern discussed on Thursday as having the potential to at least induce a pullback within the context of a larger uptrend. Get your #DAX market update from @PaulRobinsonFX here:
  • Yellen officially sworn in as Treasury Secretary by VP Harris. $USD
  • Gold Price Forecast: XAU/USD Resistance Bound Ahead of the Fed $Gold
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: France 40: -0.08% Wall Street: -0.09% US 500: -0.20% Germany 30: -0.21% FTSE 100: -0.24% View the performance of all markets via
US Consumer Credit Debt Climbs Less Than Expected in March

US Consumer Credit Debt Climbs Less Than Expected in March

Peter Hanks, Analyst

Talking Points:

  • The report revealed a seasonally adjusted annual increase of 3.6%
  • Revolving credit, mainly credit cards, fell 3% marking the second consecutive drop
  • Markets remain driven by geopolitical concerns but excess leverage remains a risk

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.

The March report for US consumer credit may prove to be a point of concern for consumer confidence, as consumer credit notches a second consecutive month of lower than expected increases. The report revealed consumer credit climbed by $11.62 billion compared to expectations of $16.0 billion and a previous gain of $10.60 billion. Revolving credit proves again to be a noteworthy figure, declining the most since the end of 2012. Consumer credit is not only a noteworthy consumption indicator when measuring economic growth, but it also reflects upon over-extended leverage which can contribute to market destabilization if excessive.

The slower increase in consumption can be attributed to a few things but primarily the slowdown was most prominent in revolving credit, also observed in the previous month’s report. In total, the first quarter marked a 0.9 percent annualized decline in credit-card debt outstanding, contrasted with the 10.3 percent surge in the final three months of 2017. This steep decline provides worrisome insight for consumer confidence, a metric due to be released this Friday with the University of Michigan Consumer Sentiment report. While consumer credit and revolving credit continue to decline, non-revolving credit like student and auto loans grew 6%. This month’s increase in non-revolving credit marks the third consecutive month of gains around that level. Lending by the federal government, mainly used for student loans, rose by $2.1 billion in March before seasonal adjustment. Similarly, student loan balances climbed $30.4 billion in the first quarter. Continued contributions from auto loans resulted in an increase of $9.1 billion in the January-March period.

While the data may provide a worrisome sign for consumer confidence, consumption still maintains multiple tailwinds heading into the second quarter. As gains from tax cuts finally start to materialize in paychecks and employment reaches record lows, consumers have all the tools they need to increase or continue spending. Similarly, wage gains continue to climb, albeit erratically. Despite the report providing meaningful information about the state of the US consumer and economy, markets remain dominated by geopolitical concerns like President Donald Trump’s decision on the Iran nuclear deal due Tuesday at 18:00 GMT according to a recent announcement.

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