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.



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
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
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • 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:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released. Get your weekly Euro forecast from @MartinSEssex here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
US Initial Jobless Claims Continue at Historic Levels, USD Gyrates

US Initial Jobless Claims Continue at Historic Levels, USD Gyrates

Thomas Westwater, Analyst


  • US initial jobless claims print 5245k Thursday morning
  • COVID-19 continues to plague US labor market
  • US Dollar ticking higher post-report

The US labor market continues to break down as the COVID-19 pandemic assails the economy. Initial jobless claims for the week ending April 11 crossed the wires at 5245k Thursday morning versus estimates of 5500k. The US dollar shifted modestly higher post-release, although, the USD basket remains off session highs and looks to be failing to follow through on any strength.


US Dollar Basket initial jobless claims

Source: IG Charts

Equity markets have treaded higher in recent weeks amid immense support from central banks and fiscal policymakers, but risks from the economic backdrop lingers. Markets may also be pricing in an economic recovery already as some see the current pandemic leveling off, however, many experts are still skeptical. Currently global cases of COVID-19 are just past the 2 million mark worldwide, and nearly 640k in the United States according to Johns Hopkins University.


US initial jobless claims

Source: Bloomberg

Continuing claims also released this morning, revealing 11769k claims. This figure highlights the record number of US workers laid off in recent weeks remain without jobs. While the rise in continuing claims is unsurprising, it underscores the severity of the US labor markets posture. State stay-at-home orders will likely continue to hamper the economy through at least May, as currently expected.

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