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
Mixed
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
Mixed
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
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
USD/JPY
Mixed
More View more
Real Time News
  • Mid-Week Strategy webinar begins right now and there's some vol to work with https://www.dailyfx.com/webinars/140187219 Topics: 1) Big inflation beat, USD gives back gains 2) EUR/USD jumping right back into resistance zone after CPI release 3) Gold - bull flag remains in-play Let's go
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.76% Germany 30: 0.26% France 40: 0.18% Wall Street: -0.40% US 500: -0.75% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/RqkV6znl1S
  • US inflation (April) is expected to jump to 3.6% y/y. USD41 billion 10-year USTs hit the street later in the session. Get your market update from @nickcawley1 here:https://t.co/jbDHCCgwME https://t.co/gsJqv03UDs
  • Core inflation CPI - excluding the typical volatile items like food and fuel - charged to the fastest clip of growth (+2.96%) since December 1995
  • Liz Cheney ousted from House GOP leadership. -@axios
  • I can see the Fed's strategy following the fastest headline inflation figure since 2008: https://t.co/yUeN7hbvyj
  • Fed's Clarida: - Fed will act if price pressures prove not transitory - Surprised by the strength of today's CPI report - Reopening economy puts some upside pressure on prices $USD $DXY $TNX
  • 🇬🇧 NIESR Monthly GDP Tracker (APR) Actual: 1.3% Previous: -1.5% https://www.dailyfx.com/economic-calendar#2021-05-12
  • RT @KyleR_IG: * US APRIL CORE CONSUMER PRICES RISE 3.0% Y/Y; EST. 2.3%: BBG #ausbiz $usd $dxy
  • that support hit - we can call that 'transitory' $EURUSD https://t.co/4eSc3Olgij
Trading Video: S&P 500 Rallies, Dollar Drops Ahead of FOMC

Trading Video: S&P 500 Rallies, Dollar Drops Ahead of FOMC

John Kicklighter, Chief Strategist

Talking Points:

• Usually in the lead up to major event risk - like Wednesday's FOMC - markets settle in anticipation

• Despite the influence the Fed event has over the Dollar and global sentiment, both USD and SPX jumped

• Dollar and risk markets will likely thin until the FOMC, setups outside its pull would be preferential

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

Typically, in the lead up to major event risk markets steady and thin out. With the FOMC rate decision due Wednesday, it would be reasonable to expect the Dollar to level out and US equities (a reflection of risk trends supported by monetary policy) to consolidate as well. The Greenback opened this week is a sizable stumble versus the Euro which may be profit taking or similar rebalancing. That said, the S&P 500's 1.4 percent rally - the biggest in six weeks - was exceptional. Are these moves - Dollar retreat and risk exposure build up - capable of extending their runs as we near the Fed's important policy update? What markets should consider within the 'blast radius' of the central bank decision and what options fall outside of it? We discuss opportunities and risks 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.

DISCLOSURES