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. See our updated Privacy Policy here.

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
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
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
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
  • #Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week. Can Gold bulls hold? Get your market update from @JStanleyFX here: https://t.co/NGRTSfceOW https://t.co/QkSUORIQE2
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here: https://t.co/Ye4m1FMKUW https://t.co/PHK2sqB1jV
  • Top event risk for more than just the Dow and Dollar this week is the Wednesday #FOMC rate decision. What the markets expect sets the tone for how the event impacts price action. My run down of the week and Fed decision: https://www.dailyfx.com/forex/video/daily_news_report/2021/06/12/Dollar-and-SP-500-Breaks-Must-Abide-the-FOMC-Decision-This-Week.html https://t.co/Huvth4f706
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here: https://t.co/BnA07cMV0s https://t.co/AkE7bFRWAt
  • $GBPUSD continues to trade in ranges as volatility dwindles. UK data to play second fiddle to FOMC. Get your market update from @JMcQueenFX here: https://t.co/T0Eg4KaENB https://t.co/GMmZa5L0Il
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here: https://t.co/BgZLFljIhZ https://t.co/wlGgQrcK3X
  • What's the difference between leading and lagging indicators? Find out from here: https://t.co/vGx8HCagF5 https://t.co/qnQ8Cx0DKv
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/RJLpBgS43V
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/6GrWzkOouM
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/lIUxpfSem3
Forecast - The Clash of the Fed, BoJ and RBNZ Rate Decision

Forecast - The Clash of the Fed, BoJ and RBNZ Rate Decision

John Kicklighter, Chief Strategist

Talking Points:

  • The sudden rise in activity this past week may be waylaid by high-level event risk ahead
  • While the docket will offer wide scope for data, the three rate decisions Wednesday are heaviest event risk
  • In order of potency (under extreme outcomes), the rate decisions go: Fed to BoJ to RBNZ

Harness the power of big data to evaluate millions of historical price points to calculate the probabilities of short-term market moves using the GSI Indicator.

Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. We are still in the transition of extremely quiet market conditions - the product of seasonal and structural confluence - into more productive ones. And, while we may start off this new period with ranges standing and volatility measures cooling their heels, it is only a temporary pause predicated on the distraction of high level event risk. Amid a docket that will cover general sentiment to Brexit to European growth, the most important event risk is the monetary policy decisions scheduled on Wednesday.

In chronological order, we await the release of the Bank of Japan (BoJ), Federal Reserve (Fed) and Reserve Bank of New Zealand (RBNZ) policy decisions through the middle of the week. While the New Zealand central bank's deliberation can generate significant influence for New Zealand Dollar crosses - the Kiwi is the best performing major over the past 3 months - its global impact is limited. Not so for the BoJ and Fed. The Japanese authority maintains one of the most extremely accommodative programs in the developed world. It is also one of the best examples of a central bank losing credibility and thereby influence over its stated economic targets and implicit financial targets. With an evaluation of past efforts due, this will be important for all corners.

Overall, the Fed's policy decision is easily the most omnipotent event we have seen in some time. Not only is the US unique in pursuing a normalizing course when its peers expand the limits of easing, but it is a critical component of the global policy effort. The Fed is laying the course to pull back from extremes that can illustrate to the market that conditions can hold steady when others follow in its wake. And, moving in that direction to bolster confidence and returns while reducing exposure is a necessity. Will the Fed tempt the market or avoid unsettling the markets? We discuss these and other events/themes in the recording of this week's fundamental webinar.

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