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
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • US Treasury Sec. Yellen: I hope to get approval from G20 for a worldwide tax reform plan
  • June Manufacturing PMI surges and climbs to a record high of 62.6 from 62.1 in May. Get your market update from @DColmanFX here:https://t.co/MkLyc2tlFy https://t.co/nJApnsSQPh
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.27%, while traders in GBP/JPY are at opposite extremes with 74.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/NrBgCtVZvN
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.12% France 40: 0.07% Germany 30: 0.06% FTSE 100: -0.04% Wall Street: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/z277OvYl2T
  • Australian #Dollar Forecast: #Aussie Breaks 2021 Range- $AUDUSD Rally at Risk - https://t.co/kV3Jr9KSqW https://t.co/3259U46BNn
  • Gold plunged into a critical uptrend support and the focus is on a reaction off this threshold. Get your $XAUUSD market update from @MBForex here:https://t.co/9647GKHVTa https://t.co/VOxFsFU8rf
  • NY Fed accepts $813.6 billion in reverse repo operations, a new record high $USD $DXY
  • Bostic sees first hike in 'late 2022' and doesn't want to hike until Taper is complete. If the Fed follows the three quarter spacing timeline it would suggest roughly: Dec 2022 hike < March 2022 finish taper < any month now start taper https://t.co/j25E9vAUc1
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.94%, while traders in GBP/JPY are at opposite extremes with 73.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6aDy5vbueT
  • Note: Bostic is a voter this year, but not a voter in 2022 or 2023 https://t.co/qs3RWJ2v3Z
Is a US Dollar Rally Brewing Ahead?

Is a US Dollar Rally Brewing Ahead?

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • US Dollar may rise as Fed-speak boosts December rate hike bets
  • Yen to stay volatile as BOJ continues to explain new policy regime
  • Crude oil may decline on OPEC fails to secure output freeze deal

The US Dollar may rise if extensive commentary from Federal Reserve officials mirrors the hawkish tone of Chair Janet Yellen, who all but promised tightening in December. A slew of speeches Yellen herself as well as eight regional branch Presidents, two Governors and Vice Chair Fischer is set to cross the wires.

The Japanese Yen continues to look to the Bank of Japan for direction clues as policymakers continue to explain the new stimulus delivery strategy announced last week. Two separate speeches from Governor Haruhiko Kuroda and a report outlining the range of opinions presented at the September 20-21 policy meeting take top billing.

Crude oil prices may decline as OPEC countries fail to secure an output management deal at an informal meeting on the sidelines of the International Energy Forum in Algiers. Speculation about such an accord has been a key driver of price action over the past two months. As with a similar attempt in Doha, disagreement between Iran and Saudi Arabia may doom negotiations.

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES