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
  • Crude oil prices pulled back slightly after API reported an unexpected 2.56 million-barrel build in US crude inventories for the week ending Jan 15th. Markets anticipated a 1.17-million-barrel drop initially.
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • Noguchi nominated for BOJ board by Japan's government - BBG
  • $GBPNZD could extend recent losses after surging away from the 100-MA and failing to breach range resistance at 1.9120 - 1.9150 A retest of the monthly low looks on the cards if sellers can drive the exchange rate back below the 21-EMA (1.8956) $GBP $NZD #technicalanalysis
  • The British Pound may continue gaining ground against its haven-associated counterparts in the near term. However, the currency may give up gained ground against the New Zealand Dollar.Get your $GBP market update from @DanielGMoss here:
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 0.44% Gold: -0.05% Oil - US Crude: -0.49% View the performance of all markets via
  • Precious Metals Analysis: Gold and Silver Buoyant as Real Yields Fall - #Gold #Silver #XAUUSD #XAGUSD
  • ECB is rumored to be pursuing yield spread control strategy - BBG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇦🇺AUD: 0.32% 🇬🇧GBP: 0.17% 🇨🇦CAD: 0.13% 🇨🇭CHF: 0.10% 🇯🇵JPY: -0.01% View the performance of all markets via
  • 🇯🇵 BoJ Interest Rate Decision Actual: -0.1% Expected: -0.1% Previous: -0.1%
US Dollar (USD) Uptrend Continues - Beware of Upcoming PMI, Jobs Data

US Dollar (USD) Uptrend Continues - Beware of Upcoming PMI, Jobs Data

Nick Cawley, Strategist

US Dollar (DXY) Price, Chart and Analysis.

  • Initial jobs claims and preliminary PMI data on the slate.
  • US dollar remains the shelter in a storm.
How to Use IG Client Sentiment in Your Trading
How to Use IG Client Sentiment in Your Trading
Recommended by Nick Cawley
Improve your trading with IG Client Sentiment Data
Get My Guide

US Dollar (DXY) Price – Higher Lows But Important Data Prints Near.

The greenback has moved steadily higher all week, touching levels last seen two weeks ago. Today’s move was given a push by Euro-Zone and UK PMI data releases which recorded record lows, with the services sector in particular hammered by the sharp economic downturn caused by coronavirus.

EUR/USD Drops as Eurozone PMI Crash Signals Severe Recession

The US dollar now faces its moment of truth with both the weekly initial jobless claims data and the preliminary April PMIs release out this afternoon. The services PMI should be closely followed after both the EU and UK readings cratered to record lows of 11.7 (26.4 prior) and 12.3 (36.0 prior) respectively. The initial jobless claims figure is forecast at 4.5 million for the week ending April 18. In the last four weeks, the jobless queue in the US has grown by over 22 million, wiping out all of the last decades job creation.

US Dollar (USD) Uptrend Continues - Beware of Upcoming PMI, Jobs Data

The daily US dollar basket (DXY) chart continues to flash positive technical signals with a series of higher lows and a pair of higher swing-lows showing on the chart. The 20-day moving average is adding weight to support, while a close above the 38.2% Fibonacci retracement level at 100.37 would likely open a re-test of the April 6 high at 101.04. Above here, the DXY would likely eye 101.74 in the short- to medium-term. Support seen at 99.62 before cluster of prior lows and the 50% Fibonacci retracement (99.25) and the double low at 98.80.

US Dollar (DXY) Daily Price Chart (December 2019 - April 23, 2020)

US Dollar Price Chart
Building Confidence in Trading
Building Confidence in Trading
Recommended by Nick Cawley
Planning Breeds Confidence
Get My Guide

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on the US Dollar – bullish or bearish?? You can let us know via the form at the end of this piece or via Twitter @nickcawley1.

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