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
Bearish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • The price of gold struggles to retain the rebound from the start of the week as longer-dated US Treasury yields hold above pre-pandemic levels. Get your $XAUSD market update from @DavidJSong here:https://t.co/zE7NafvfTq https://t.co/4BxMT0iyi1
  • Uh oh. Another financial product/meme pivot. I think Elon is just a BTD kind of guy who is in tune with the social trading trends and wants to bring the retail crowd along with him. Would fit the essence of Tesla and Space X https://t.co/EP9zj1rXzU
  • Canadian #Dollar Forecast: $USDCAD Bears Fail at Support- March Levels - https://t.co/XkyFns8odx https://t.co/8Q4Tu0viz0
  • I feel the LaserEyes trend is a more effective social spread because of the visual impact. Kind of disappointed the community hasn't gotten a more tangible visual cue for BTD / BTFD. Or maybe there is one and I'm just behind the trend....which happens a lot recently
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.87% 🇨🇦CAD: 0.78% 🇳🇿NZD: 0.45% 🇪🇺EUR: -0.19% 🇯🇵JPY: -0.20% 🇨🇭CHF: -0.70% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/U3yK9hfDka
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: -0.35% Oil - US Crude: -0.37% Gold: -0.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/7dEtLof6us
  • The price of oil extends the series of lower highs and lows from the February high ($63.81) ahead of the (OPEC) (JMMC) meeting on March 3. Get your #crudeoil market update from @DavidJSong here:https://t.co/6hjIL77koa https://t.co/h2gQHVFvaB
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.57%, while traders in GBP/JPY are at opposite extremes with 66.37%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/nb2pDL6nuW
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.38% France 40: 0.24% Germany 30: 0.23% US 500: 0.00% Wall Street: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/VRWeokQ9gk
  • Schumer says Senate will take to stimulus bill this week - BBG $USD
Webinar: Priced-In v/s Not Priced-In - FOMC Preview (12.13.2016)

Webinar: Priced-In v/s Not Priced-In - FOMC Preview (12.13.2016)

James Stanley, Senior Strategist

- In this webinar, we used price action to analyze markets ahead of tomorrow’s FOMC rate decision. As we move into tomorrow’s Fed meeting, the U.S. Dollar is remaining near 13-year highs, U.S. stocks are at all-time-highs, and the general expectation is that the Fed is going to hike tomorrow while getting more hawkish towards rate hikes in 2017 and thereafter. The bar is incredibly high for continuation of the US-moves as we go into tomorrow’s rate decision.

- The central theme of today’s webinar was: What’s priced-in and what isn’t? As in, investors have been pricing-in a rate hike from the Fed since the U.S. Presidential Election. Few are expecting a no-hike scenario; so we can probably safely say that tomorrow’s rate hike is ‘priced-in’ the market before the rate decision even happens. But given that tomorrow’s hike is already likely priced-in, what could drive the U.S. Dollar-higher?

- We’d likely need a more-hawkish Fed for 2017 and thereafter. If the Fed signals three or more hikes for 2017, this could bring on that more-hawkish scenario. In those situations, USD/JPY could be attractive as a continuation-move in the Dollar could be paired-up with what’s been an extremely weak Japanese Yen.

- But there’s also the possibility for the scenario in which the Fed hikes tomorrow, but the U.S. Dollar remains confined below resistance at 101.80 (DXY), which is the 61.8% Fibonacci retracement of the 2002-2011 major move in the Greenback. In this scenario, short-USD exposure could be sought against the British Pound, as we had discussed in-depth in this morning’s Market Talk entitled, Why Did the British Pound Stop Going Down?

--- Written by James Stanley, Analyst for DailyFX.com

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

Contact and follow James on Twitter: @JStanleyFX

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

DISCLOSURES