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
EUR/USD
Bullish
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
Bullish
Wall Street
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
Gold
Bullish
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
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • The US Dollar may rise against ASEAN currencies like the Singapore Dollar if local retail sales and sentiment data disappoints. USD/IDR may fall on the Bank of Indonesia. Get your market update from @ddubrovskyFX here:https://t.co/HpH8pXFdLl https://t.co/ZuHLVL8ItN
  • The US Dollar may rise against the Singapore Dollar and Philippine Peso. USD/MYR’s downtrend holds, but a bullish pattern brews. USD/IDR seems stuck between key technical levels.Get youe #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/TF6DRVp6kX https://t.co/MYbR79MTux
  • US Supreme Court says Justice Ruth Ginsburg has passed away -BBG
  • 3 consecutive down weeks for the #SP500 as of today, the first actually in almost one year How's the #Fed balance sheet dong? Up 0.76% this week, most in a month. Though all things considered, materially unchanged since June/July Markets may be growing increasingly impatient... https://t.co/wD6wga9vsu
  • The New Zealand Dollar appears poised to extend its climb against its haven-associated counterparts as long-term trend break hints at cyclical upturn. Get your $NZDUSD market update from @DanielGMoss here: https://t.co/CPxP1Q8B6d https://t.co/NBJ9qkaNei
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇳🇿NZD: 0.07% 🇪🇺EUR: -0.06% 🇨🇦CAD: -0.30% 🇨🇭CHF: -0.33% 🇬🇧GBP: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lYbgFKQKmu
  • USD/MXN is in danger of picking up more momentum as the recent decline takes out support levels and gains ‘negative curvature’ to its path. Get your $USDMXN technical analysis from @PaulRobinsonFX here: https://t.co/eQzD6JyA5c https://t.co/km6neTN3M6
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.33% Oil - US Crude: -0.55% Silver: -0.64% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/0yp0FnGl8y
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.22%, while traders in NZD/USD are at opposite extremes with 71.43%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fu1Xj6AuYv
  • US Equity Update (Friday Close): $DJI -0.88% $SPX -1.12% $NDX -1.30% $RUT -0.38% $VIX -2.00%
Beware the Dollar, Pound and Aussie Volatility on Heavy Data

Beware the Dollar, Pound and Aussie Volatility on Heavy Data

2016-07-27 00:26:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

  • Top event risk Wednesday is the FOMC rate decision with sway over the Dollar and global risk trends
  • UK 2Q GDP and Australian CPI are market-moving events in their own right for the Pound and Aussie Dollar
  • Sparks from today's data does not offer free-and-clear trend with high level data due later in the week

See how retail traders are positioning in the majors using the SSI readings on DailyFX's sentiment page.

Beware the impending tide of high profile event risk. The first 48 hours of this trading week was light on important scheduled event risk, but the second half is overloaded with influential movers. With benchmarks like the S&P 500 carving out a tight range at record highs or the USDollar stalled just after last week's breakout, these are markets that are primed for motivation. The question is whether the event risk will align to speculative learn or conflict with it.

Top event risk over the coming 24 hour period will be Wednesday's FOMC rate decision. There are few entities or events that can tout global impact, but the Fed's monetary policy decisions certainly qualify. For the Dollar's increasingly unique policy lean compared to aggressive doves or the borrowed time on risk trends, this event can quickly cut to the bone. Yet, the impact will not likely be so decisive. There is a very low probability that the US central bank hikes rates at this meeting which will put the onus on market participants to break down the statement that accompanies the decision of no change. However, traders are used to leaning in closely to evaluate these events; so beware volatility.

While the Fed will draw most of the speculative focus, it certainly isn't the only high-profile event risk this week. There is plenty of market-moving potential on the docket that can drive other major currencies - and perhaps even potential to stir underlying risk trends. In the upcoming session, UK 2Q GDP and Australia consumer inflation are important indicator for their respective countries and currencies which can translate into localized volatility. For Pound traders, the platform for which the economy has jumped off the Brexit diving board will be very important to the ultimate impact of the split. For the Aussie Dollar, a 63 percent probability of an RBA cut at the next meeting harkens to the reaction of the last cut which came amid a 50/50 standing. Beyond the next 24 hours, the docket only fills out further. Caution on what exposure we take is especially important now. We discuss this and opportunity in today's Trading Video.

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

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

DISCLOSURES