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
More View more
Real Time News
  • Wall Street Futures Update: Dow Jones (-0.003%) S&P 500 (+0.073%) Nasdaq 100 (+0.021%) [delayed] -BBG
  • (Sentiment Weekly) Japanese Yen, Swiss Franc Analysis: USD/JPY, USD/CHF May Fall as Long Bets Rise #Yen #Franc $USDJPY $USDCHF
  • Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road? Find out from @ddubrovskyFX here:
  • Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields
  • The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce? Find out from @ddubrovskyFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.65%, while traders in France 40 are at opposite extremes with 80.44%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.50% 🇦🇺AUD: 0.26% 🇬🇧GBP: 0.16% 🇨🇭CHF: 0.11% 🇪🇺EUR: 0.10% 🇨🇦CAD: -0.02% View the performance of all markets via
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.35% Germany 30: 0.04% US 500: 0.00% FTSE 100: -0.06% Wall Street: -0.08% View the performance of all markets via
  • British Pound Price Outlook: GBP/USD, GBP/JPY Poised to Extend Climb - $GBP $GBPUSD $GBPJPY
  • The US Dollar may extend gains against the Thai Baht. But, its price action within USD/SGD, USD/PHP and USD/IDR seem to be favoring more range-bound trading conditions. Get your market update from @ddubrovskyFX here:
US Dollar Price Continues to Stabilize But Next Move Could be Lower

US Dollar Price Continues to Stabilize But Next Move Could be Lower

Martin Essex, MSTA, Analyst

USD price, news and analysis:

  • The US Dollar is more stable after its sharp fall last Wednesday.
  • However, fears of a US recession and the prospect of lower US interest rates could lead to a resumption of its downward move.

US Dollar may come under more downward pressure

USD is looking more stable after its drop last Wednesday on persistent fears of a US recession and the prospect of an interest rate cut later this year. However, the path of least resistance looks to be for further losses.

Last Wednesday’s Dollar decline was caused principally by a dovish Federal Reserve. Fed Chair Jerome Powell said US interest rates could be on hold for some time as global risks weigh on the economic outlook and inflation remains muted. That led to the markets calculating the chances of a rate cut at 65.5% by year-end, according to the CME FedWatch tool.

Target rate probabilities by December 11 Fed meeting

US fed funds target rate probabilities.

Source: CME

That, in turn, reflected worries about the lack of US growth, emphasized by an inversion of the US yield curve for the first time since 2007, with the yield on 10-year US Treasuries – currently 2.439% – below the yield on three-months Treasury debt, now at 2.459%. A yield curve inversion is seen by some as a harbinger of recession.

US Treasury Yield Curve (March 26, 2019)

US yield curve.


Meanwhile, concerns about the US-China trade dispute persist ahead of a meeting of the two sides this coming Thursday and this could all mean further USD losses in due course, benefiting currencies like the Japanese Yen and the Euro.

EURUSD Price Chart, Hourly Timeframe (March 20-26, 2019)

Latest EURUSD price chart.

Chart by IG (You can click on it for a larger image)

More to read

Hawkish vs dovish monetary policy explained

Central banks explained

Interest rates and FX

Resources to help you trade the forex markets:

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you:

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at or on Twitter @MartinSEssex

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