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
More View more
Forex Trading Video: Will Dollar Strength Last for 1.3600 EURUSD, 1.6500 GBPUSD Breaks?

Forex Trading Video: Will Dollar Strength Last for 1.3600 EURUSD, 1.6500 GBPUSD Breaks?

John Kicklighter, Chief Strategist

Talking Points:

• The FOMC aftermath allowed moderate follow through for the dollar, but risk trends stabilized quickly

• Where the dollar won a strong EURUSD break on rate forecasts, GBPUSD needs another push at 1.6500

• Will a move away from open stimulus from the Fed, ECB, BoE and BoJ contribute to the sentiment collapse?

Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.

In the aftermath of the FOMC rate decision, the dollar has found good follow through on EURUSD. However, bigger technical levels are coming in view for other majors like GBPUSD, AUDUSD and NZDUSD - and that shift in the Fed's rate hike time frame may not translate into a lasting run for the greenback. Can GBPUSD break 1.6500 as their competitive yields balance out? What about AUDUSD at 0.9000 or NZDUSD at 0.8500 where the carry is more significant and rate outlook just as remarkable on the other side of the pair? Will a universal shift away from boundless stimulus by all the major central banks as of late usher in - or even trigger - a collapse in risk appetite? We discuss these trading consideration and more in today's Trading Video.

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

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