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
Real Time News
  • The US Dollar could lose some ground against ASEAN currencies such as the Singapore Dollar and Thai Baht amid slowing Emerging Asia Covid case growth. Softer US NFPs may also bode well.Get your market update from @ddubrovskyFX here:
  • This week's non-farm payrolls (NFP) will likely be key to gauge the direction of gold as markets look ahead to the Jackson Hole Economic Symposium. Get your market update from @FxWestwater here:
  • Will be discussing the Japanese #Yen and what you can expect throughout this week in about 15min! Signup for the webinar in the link below!
  • Please join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here:
  • RT @FxWestwater: $NZDUSD Wedge Breakout Back in Play on Stellar Q2 Jobs Report Link:
  • 🇦🇺 Markit Services PMI Final (JUL) Actual: 44.2 Previous: 56.8
  • $AUDNZD likely to attempt closing at a new 2021 low over the remaining 24 hours following the stellar New Zealand jobs report The December 2020 low has been further exposed at 1.0418 since July's #RBNZ rate decision New Zealand bond yields on the rise
  • Strong jobs report lifts $NZD - Money markets pricing in a 93% probability of a 25bps hike at the August meeting (previously 77%) - Over the forecast horizon, the RBNZ had projected (in the May MPS) the unemployment rate to gradually fall to 4.3%
  • #NZDUSD cautiously higher after solid New Zealand jobs report Unemployment rate declined to 4.0% in Q2 from 4.7% prior (vs 4.4% anticipated) Job gains were at 1.7% y/y vs 1.2% expected Data seems to be supporting the case for a less-dovish #RBNZ given the cease to QE recently
  • 🇳🇿 Unemployment Rate (Q2) Actual: 4% Expected: 4.5% Previous: 4.7%
S&P 500 Revives Its Climb Without a True Risk Backing, Dollar Stabilizes

S&P 500 Revives Its Climb Without a True Risk Backing, Dollar Stabilizes

John Kicklighter, Chief Strategist

Talking Points:

• A rally from the S&P 500 this past session erased all of the week's pent up doubt

• As strong as the US stock move was, the backdrop for risk and market activity ahead is far from conducive

• After a critical technical breakdown, the Dollar quickly stabilized with underlying inflation firming

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot.

US equities seem to have made a strong 'risk-on' promise with a rally to 7-week highs while the Dollar pulled out of its own dive before momentum could truly set in. Which of these benchmarks better reflects the market pace we should expect through the end of the week and beyond? Not only is broader sentiment riddled with doubt over global growth, emerging markets capital flows, China's economy and monetary policy implications; but the economic docket is thin on event risk capable of genuinely staunching dribbling confidence. A strong run in risk will require a fundamental drive (whether bullish or bearish) and even a significantly move to range may struggle. Similar medium-term potential with inert current conditions exists for the Dollar's and Pound's recent swings. A return to trend remains a likely outcome, but it would be risky to force the trades or front run them. We look at trend, countertrends and conviction 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.