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
  • DXY broke upward sloping channel, 200-day next. May be on its way to trading to the yearly low at 89.2. Get your market update from @PaulRobinsonFX here:
  • USD/JPY attempting to muscle its way higher off session lows with help from these Waller comments (see thread below) $USDJPY $USD #Forex
  • Fed's Waller: - Fed could taper at a faster rate than previous taper - I was in favor of tapering MBS before Treasuries; majority of Committee did not agree
  • Fed's Waller: - We should taper early and quickly to pave way for potential rate hikes in 2022 - Inflation expectations are well anchored
  • Fed's Waller: - Inflation running well above 2% target - If next two jobs reports come in as strong as the last report, Fed can taper by September
  • RT @ZabelinDimitri: Rising Australia-#China tension could compound medium-term bearish outlook for #AUD
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.03% Silver: -0.07% Oil - US Crude: -0.12% View the performance of all markets via
  • The USD Majors are poised within well-defined setups into the open of the month with a host of event risk on tap this week including the RBA & BoE interest rate decisions, NFP and Canada employment. Get your market update from @MBForex here:
  • Bitcoin (BTC), Ethereum (ETH) giving back some of the weekend’s gains. Ethereum/Bitcoin spread makes a break above trendline resistance. Get your cryptocurrency update from @nickcawley1 here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.64%, while traders in France 40 are at opposite extremes with 78.21%. See the summary chart below and full details and charts on DailyFX:
Dollar's CPI Rally Lacking, Stall in Risk Raises Yen Crosses Appeal

Dollar's CPI Rally Lacking, Stall in Risk Raises Yen Crosses Appeal

John Kicklighter, Chief Strategist

Talking Points:

• US CPI ticked up according to Tuesday's figures, but the development hardly furthers Fed rate speculation

• Risk trends leveled out with the S&P 500 holding at its 200-day moving average as sentiment still unsteady

FOMC minutes will give another go for Dollar volatility but risk trends offer deeper waters for pairs like JPY

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

US inflation data this past session was top event risk, and it would offer a modest reinforcement to prevailing Dollar bulls. However, the encouragement was modest. While there has been suggestion the October CPI update was the turning point for price pressures, the actual 0.2 percent annual reading hardly puts us within reach of the 2.0 percent target. Given the Greenback's strength in the past years - and certainly the past week - we need data that is more definitively an upgrade. Perhaps the upcoming FOMC minutes and Fed speeches will provide. In the meantime, I maintain a very near-term view of my NZDUSD short, long term for my USDCHF long and high requirement for new Dollar exposure. In contrast, there may be more immediate potential in 'risk-oriented' positions. With the S&P 500 holding its 200-day moving average as resistance, the week's opening swell in sentiment may falter and provide the drop back into range that motivates other assets with a similar predilection. The Yen crosses may have an option for regardless of the risk direction and intensity. We take a look at the markets and its potential ahead 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.