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
Bullish
Wall Street
Bullish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/02/24/Canadian-Dollar-Price-Forecast-Loonie-USD-CAD-USDCAD-CAD-JPY-CADJPY-EUR-CAD-EURCAD.html
  • $NZDUSD is up over 60 pips today, currently trading above the 0.7400 level. The pair is now trading at its highest level since early 2018. $NZD $USD https://t.co/msjDKSmFvW
  • Fed Chair Powell: - Haven't yet seen the labor market scarring we were concerned about - Labor market has come back faster and bankruptcies have been lower than anticipated - Prospect to get back to a much better place in the second half of the year #Fed $USD
  • $AUDUSD has surged by over 40-pips over the last two hours, taking out the prior session highs. This move pushed the pair to a high of 0.7945, a new highest level since early 2018. $AUD $USD https://t.co/8iSZY4RHQC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.49%, while traders in Wall Street are at opposite extremes with 75.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Kvis4fAcuC
  • Heads Up:🇺🇸 Fed Clarida Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-02-24
  • Fed Chair Powell: - The public and the world have confidence in the dollar #Fed $USD
  • The RBNZ noted that operational work to enable the OCR to be taken negative if required has now been complete. Get your $NZD market update from @JMcQueenFX here:https://t.co/R1UTWCHdqT https://t.co/2v0yTvBorT
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.50% Silver: 0.33% Gold: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/eJbD5UV2zK
  • Fed Chair Powell: - We are not acting on forecasts with regards to our policy, only actual data - There is reason for optimism for 2H 2021 if we control the virus #Fed $USD
Strategy Video: Dollar Awaits Fed Promise to Hike or Hold Through 2015

Strategy Video: Dollar Awaits Fed Promise to Hike or Hold Through 2015

John Kicklighter, Chief Strategist

Talking Points:

• The market is certain the Fed will not act at its July meeting - though we should be prepared just in case

• Instead, the focus for the FOMC decision will be on the statement and whether it reinforces 2015 hikes

• A Dollar response is expected whether more hawkish or dovish, the unknown quantity is the SPX impact

What kind of Trading best suits you? Technical or Fundamental? Short-term or Long-term? Take our Trader Survey and find out.

Dollar traders stand in wait for the Fed's position on monetary policy when it updates the market Wednesday. One of the FX market's most impressive performances over the past year-and-a-half has found its conviction in the shift from the US central bank towards an earlier 'normalization' than most of its counterparts. Even if a hike is not realized at this particular gathering, the event carries critical importance for reinforcing the communication of an impending hike or pumping the break on the pace it had previously laid out. This may prove just as effective a market mover as a change itself thanks to the market's focus and the forward-looking nature of the investment crowd. At the last meeting, the FOMC forecasts maintained their view of 50 basis points of hikes in 2015 and a restrained pace of tightening (suggesting no back-to-back hikes). If reinforced after no tightening this month, that would necessitate a hike in September. While the Dollar's interests are clear in this event, the general sentiment of the financial markets is the bigger 'risk' and the more difficult to predict. We discuss the Fed rate decision and its market impact in today's Strategy Video.

WILL A MOVE TO TIGHTEN EASY MONEY SIGNAL EQUITIES' TURN?

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