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
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
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
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
USD/JPY
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
More View more
Real Time News
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: https://t.co/bTXkGN1CIM #DailyFXGuides https://t.co/E8nwHmBwE6
  • Missed the weekly outlook webinar today? See the recording here: https://t.co/7vz7cXUZfJ #Dollar #stimulus #stocks #gold
  • 🇨🇭 Unemployment Rate (FEB) Actual: 3.6% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2021-03-08
  • USD/HKD edged higher as stock market melted down.. Capital outflow? https://t.co/isRXrgVIlv
  • Heads Up:🇨🇭 Unemployment Rate (FEB) due at 06:45 GMT (15min) Previous: 3.7% https://www.dailyfx.com/economic-calendar#2021-03-08
  • 🇯🇵 Eco Watchers Survey Outlook (FEB) Actual: 51.3 Previous: 39.9 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Gold, Crude Oil Price Forecast: Edging Higher on the Back of Stimulus, Saudi Oil Facility Attack https://www.dailyfx.com/forex/market_alert/2021/03/08/Gold-Crude-Oil-Price-Forecast-Edging-Higher-on-the-Back-of-Stimulus-Saudi-Oil-Facility-Attack.html https://t.co/ZXrwjTaK3W
  • 🇯🇵 Eco Watchers Survey Current (FEB) Actual: 41.3 Previous: 31.2 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/ZdQnb2WoEc
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (FEB) due at 06:00 GMT (15min) Previous: 39.9 https://www.dailyfx.com/economic-calendar#2021-03-08
After a Two-Day Tumble, Will NFPs Save or Sacrifice Dollar?

After a Two-Day Tumble, Will NFPs Save or Sacrifice Dollar?

John Kicklighter, Chief Strategist

Talking Points:

• The Dollar has suffered its biggest two-day loss through Thursday since July 2013

• A weakened currency leverages the focus on key fundamentals, and jobs data hits at the heart of rate forecasts

NFPs often stirs stronger volatility responses, but trends will look to bigger picture, relative considerations

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

If we were going to see the USDollar collapse into a deeper bear trend, this would be the technical lead up and impending data you would expect could accomplish it. The Greenback has dropped sharply these past two trading sessions, bringing the equally-weighted index and a number of the 'Major' crosses to key levels. Yet, absent additional cannon fire to sink the currency; the long-term trend is still decisively bullish and the core fundamental imbalance still favors its advantage. The US labor report is one of the more capable rounds of event risk to tap a deeper fundamental nerve that can tip the scales of such an established trend. The wide gulf between the market's view of Fed hikes this year and the FOMC's own projections can shift the gravity in the speculators' favor to meaningful weigh the Dollar. This is not a low hurdle to leap though. An in-line - and especially hawkish - outcome can work to return the market to trend. What do we watch in this event risk and what scenarios does the Dollar face? That is the focus of today's Strategy 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.

DISCLOSURES