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
Oil - US Crude
Bearish
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
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
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 66.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ElMUYZ7p9R
  • The rest of the New York trading session is absent major scheduled event risk with US markets closed for the Martin Luther King Jr holiday. There is always a risk of unscheduled developments
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.50% Gold: 0.41% Oil - US Crude: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/eXSdZgvVeB
  • Despite China's better-than-expected 6.5% 4Q GDP report, $USDCNH is still up on the day. There is strong external influence on this rate, but Dollar still exerts the greater pressure. If it breaks 6.50 and Biden keeps pressure on China trade, I'll be watching https://t.co/5W5tcfeTZ5
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.19% 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.02% 🇨🇦CAD: -0.16% 🇦🇺AUD: -0.25% 🇳🇿NZD: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/BrmnTuolx0
  • The Capitol of the United States has been temporarily shut down ahead of President-Elect Biden's inauguration out of caution
  • Another Dollar pair on my radar is $USDCHF. Its 20-day day correlation coefficient to EURUSD is -0.90 (very strong negative). If the latter's break is sustained, both have appeal. If it stalls (soon), USDCHF is still abiding its resistance which supports establishing levels https://t.co/Pcre3xCbYd
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 0.13% France 40: 0.11% Germany 30: 0.09% Wall Street: 0.07% FTSE 100: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ZXdpvpEJJ3
  • Germany's central bank (Bundesbank) warned earlier today in its monthly report that if the government extended its Covid lockdown, the country could suffer "a sizeable setback"
  • The US Dollar Index rallied more than 0.6% this week marking the second consecutive weekly advance. Get your $USD update from @MBForex here: https://t.co/hVshzMbc31 https://t.co/LG0HG9fQ4c
Fed Rate Decision Top Event Risk, But Sentiment Key Market Mover

Fed Rate Decision Top Event Risk, But Sentiment Key Market Mover

John Kicklighter, Chief Strategist

Talking Points:

• After the ECB fireworks this past week, the market will be even more focused on the upcoming Fed decision

• Monetary policy seems to be changing as a clear path in exchange rates, but it is also building as a sentiment scale

• In addition to the FOMC decision; the BoJ, BoE, SNB, Russian and South African central banks will weigh rates

See the DailyFX Analysts' favorite 2016 trading opportunities in the DailyFX Trading Guides page.

Conviction in fundamental themes has become mixed, but volatility remains high for the FX and broader financial markets. Key event risk that stirs the deeper thematic pools can forge breaks from recent consolidation and revive major technical trends. The event risk with the greatest authority and anticipated influence over the market is Wednesday's FOMC rate decision. As the only major central bank that has ventured into the hawkish policy arena, the Fed leverages a currency on the opposite end of the typical spectrum and has shaped the interpretation of how monetary policy is influencing investor sentiment. However, following the distinct shift in reaction to exceptional changes from the European and Japanese central banks; the markets look more introspective over their bearings. In addition to Fed policy and risk trends; traders should monitor the array of other central bank decisions on tap - BoJ, BoE, SNB, CRB and SARB - as well as commodities for a macroeconomic assessment. We discuss the major trends and the key catalysts ahead for traders in this weekend Strategy Video.

Watch retail traders position into and react to the Fed rate decision using the FXCM SSI readings on DailyFX's Sentiment page.

To receive John’s analysis directly via email, please SIGN UP HERE

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

DISCLOSURES