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.

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
EUR/USD
Bullish
Low
High
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
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • An improving economic backdrop is bolstering crude oil prices and in turn, the Canadian Dollar. Still, the risk-sensitive Australian Dollar continues to move higher. Get your market update from @FxWestwater here:https://t.co/NJ683bZKpe https://t.co/4XfW9FjwWk
  • Deeper losses in gold prices towards 1763.36 can’t be ruled out in the near-term. Get your $XAUUSD market update from @CVecchioFX here:https://t.co/tIoQ10Ox4g https://t.co/FXACtXI84s
  • The New Zealand Dollar is not a major I've been talking about frequently of late, but it is carving out one of the most impressively consistent trends among the standard FX crew. Impressive $NZDUSD weekly technicals and COT net spec positioning: https://t.co/PzxFCCiMm2
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.39% 🇨🇭CHF: 0.31% 🇬🇧GBP: 0.20% 🇦🇺AUD: 0.07% 🇯🇵JPY: -0.03% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/MTHtFXyiUS
  • A weekly chart of crude oil looks favorable for bulls, but this four-week charge has some serious fundamental headwinds in the headlines. Reports that even OPEC is concerned about the commodity's outlook https://t.co/w7mioBXi8o
  • 🇳🇿 Balance of Trade (OCT) Actual: N$-1M Previous: N$-1017M https://www.dailyfx.com/economic-calendar#2020-11-25
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.27% Oil - US Crude: 0.17% Gold: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qGMTFE8HeL
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.67%, while traders in EUR/USD are at opposite extremes with 74.23%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BOpeubJFYh
  • Heads Up:🇳🇿 Balance of Trade (OCT) due at 21:45 GMT (15min) Previous: N$-1017M https://www.dailyfx.com/economic-calendar#2020-11-25
  • USD/CAD is trading into the key support at the objective yearly open – looking for a reaction down here. Get your $USDCAD technical analysis from @MBForex here: https://t.co/3fFRjsjLYM https://t.co/EllLEN3yG2
Forex Strategy Video: Determining Market Bias Ahead of FOMC

Forex Strategy Video: Determining Market Bias Ahead of FOMC

2013-10-29 19:41:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

• Event risk does not always have a straightforward impact on the markets, it is shaped by bias

• Heading into the FOMC rate decision, the S&P 500 has soared suggesting a more dovish outlook

• A recent rebound for the USDollar may temper a bullish response to a surprise 'hawkish' Fed stance

Sign up for John’s email distribution list, here.

Fundamental event risk can generate meaningful volatility and trend development even when the outcome seems unchanged. Just as critical to events like the upcoming FOMC decision as the 'print' itself is the market bias going in. We see this important aspect to fundamental trading play out with events that generate far more activity than actual data prints would imply; the complete disarming of major market events; and even a reconfiguration of what data matters (as is the case with NFPs). In today's Forex Strategy Video, we walk through how to establish the market's bias as well as discuss how it can shape activity with a timely example in the FOMC rate decision.

Watch the FOMC rate decision Live in DailyFX-Plus or discuss general strategy for event risk like this with DailyFX analysts in DailyFX on Demand.

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

DISCLOSURES