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.

Free Trading Guides
Oil - US Crude
Wall Street
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
  • Wall Street Futures Update S&P 500: -0.33% Dow Jones: -0.34% NASDAQ 100: -0.32% (delayed) - BBG
  • (Asia AM) The Japanese #Yen and US Dollar sank as the Australian Dollar rose despite escalating US-China tensions over Hong Kong. $USDJPY may be readying to turn lower after clearing support - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/05/26/Yen-Sank-Despite-US-China-Hong-Kong-Tensions-USDJPY-May-Fall.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/GxJ7D7W5Ov
  • RBNZ's Orr: Sees 'more room to go' on home loan interest rates -BBG
  • The $AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal. Get your market update from @ZabelinDimitri here:https://t.co/LkEFJViPWY https://t.co/6QH27c5ZHS
  • RBNZ's Orr: Expects credit demand to lift and bank lending to match greater credit demand -BBG
  • RBNZ Governor Adrian Orr: Sees more room for banks to increase lending, banks have done well with loan restructures -BBG $NZDUSD #RBNZ
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/12:00 AM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTCTm44 https://t.co/AyCMqK52oa
  • BoC's Poloz: Negative rates needed only in extreme conditions, extreme conditions may happen if fiscal policy not used -BBG $USDCAD
  • S&P500: Still, risks to the rally remain so traders will have to discern whether this is an honest breakout or a mere head-fake higher. Get your #equities market update from @PeterHanksFX here:https://t.co/zDlsun6VIF https://t.co/IQ1ITcVj7I
  • Very interesting to see the 'pro-risk' Australian Dollar diverge with the #SP500 during Tuesday's Wall Street session. #USD struggled to capitalize on its 'safe-haven' appeal as stocks retreated. Gentle reminder that asset relationships and traits are not always absolute $AUDUSD https://t.co/bs8uXo6q6S
How Will the Fed Decision and Forecast Effect the Dollar, SPX?

How Will the Fed Decision and Forecast Effect the Dollar, SPX?

2016-03-15 22:14:00
John Kicklighter, Chief Strategist

Talking Points:

  • The Federal Open Market Committee (FOMC) will give rate decision and update its forecasts Wednesday at 18:00 GMT
  • After the unexpected reaction to recent ECB and BoJ policy changes, monetary policy's influence on markets is in flux
  • While the Dollar has rebalanced heading into the event, 'risk trends' have notably leveraged an optimistic view

How are retail traders positioning in the Dollar heading into the FOMC decision? See how speculative traders anticipate and react to the important event risk using the FXCM SSI readings on DailyFX's sentiment page.

Following the unexpected and volatile responses to the ECB's and BoJ's recent monetary policy upgrades, the tension surrounding the already high-profile Fed meeting is almost painful. The Federal Open Market Committee (FOMC) board will announce their decision on policy Wednesday afternoon, and the probability of a change to rates to follow December's 'liftoff' is particularly low. However, that doesn't ease the pressure in this event risk. Beyond accounting for a non-negligible hawkish surprise, we have a more detailed update from the US central bank that includes a press conference from Chairwoman Yellen and forecasts. While the economic projections are important for shaping the pace of monetary policy, it is the forecasts for interest rates themselves that will cut straight to the heart of speculation. We discuss the importance of this event to the Dollar's standing and the broader financial market in today's Strategy Video.

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.


News & Analysis at your fingertips.