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.

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
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Today's article and webinar recording for those who missed it - https://www.dailyfx.com/forex/market_alert/2021/06/23/Nasdaq-100-Outpaces-Dow-Jones-as-Reflation-Trade-is-Put-on-Pause.html?ref-author=phanks&QPID=917701&CHID=9
  • U.S. stocks rallied on Tuesday with the NASDAQ composite closing at an all time high as investors shifted into technology and other growth stocks. Get your market update from @WVenketas here:https://t.co/r1UXIkHlLo https://t.co/AhuUp0gSfM
  • Fed's Rosengren: - Cryptocurrencies and money market reform both need particular attention - People are encouraged to take risks during prolonged periods of extremely low interest rates
  • 🇰🇷 Consumer Confidence (JUN) Actual: 110.3 Previous: 105.2 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.32% 🇦🇺AUD: 0.30% 🇬🇧GBP: 0.11% 🇨🇭CHF: -0.00% 🇪🇺EUR: -0.13% 🇯🇵JPY: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UsCf9GyMQF
  • Fed's Rosengren: - We are still a long way from pre-pandemic levels in terms of employment - We still have a significant employment gap to close
  • Fed's Rosengren: - Since the economy opened up so fast, there are shortages of products and services - I expect inflation to be somewhat higher than 2% next year
  • Heads Up:🇰🇷 Consumer Confidence (JUN) due at 21:00 GMT (15min) Previous: 105.2 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Fed's Rosengren: - Several areas of the economy are still struggling - While there are elevated prices for many goods and services, those prices will moderate next year
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.39% Oil - US Crude: 0.27% Gold: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EgbnKb4O6H
Rate Forecasts and QE Speculation Stir Among More than Just the Dollar

Rate Forecasts and QE Speculation Stir Among More than Just the Dollar

John Kicklighter, Chief Strategist

Talking Points:

• The Dollar and Treasury yields jumped as FOMC anticipation makes speculators jittery

• Over the past session, monetary policy speculation was stirred for the Pound, Yen, Aussie and Euro

• Before the Fed announces its policy decision Thursday, we will fodder for a host of other central banks

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!

The countdown to the Fed's decision Thursday is ticking loudly across the global financial markets, but the US policy view isn't the only game in town. While speculation surrounding the Fed's bearings leveraged two-year Treasury yields and the Greenback this past session - and will likely experience another bout of volatility after the upcoming US CPI figures - we are passing through fundamental highlights that shape monetary policy bearings for most of the majors. This past session, we absorbed a BoJ rate decision, UK inflation (BoE), the RBA's minutes and ECB President Draghi's remarks on possible QE expansion. Ahead, we have UK jobs data, New Zealand GDP and the SNB gathering. Be on guard for fundamentally-derived volatility swells across the FX market; but don't lose site of the heavy-hitting event risk Thursday that has the capacity to change the current on investor sentiment itself. We keep track of the fires in today's Trading Video.

DOLLAR RANGE BOUND UNTIL FED DELIVERS

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