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
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • Japan total bond issuance is said to rise above 200 trillion #Yen -BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.61%, while traders in US 500 are at opposite extremes with 75.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/e9Wte2ys3d
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/4AzMu1F1Ph
  • My trading video for today: 'S&P 500 Can't Extend a Bullish Gap, Dollar Drop Cues $USDCAD, $NZDUSD Breaks' https://www.dailyfx.com/forex/video/daily_news_report/2020/05/27/SP-500-Cant-Extend-a-Bullish-Gap-Dollar-Drop-Cues-USDCAD-NZDUSD-Breaks.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/oSB23nRkfE
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.01% 🇨🇦CAD: -0.05% 🇨🇭CHF: -0.13% 🇬🇧GBP: -0.15% 🇦🇺AUD: -0.19% 🇪🇺EUR: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/N60kYwUinJ
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.86% US 500: 0.85% FTSE 100: 0.42% Germany 30: 0.42% France 40: 0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/511qP0ytab
  • (Sentiment Weekly) Signals from IG Client Sentiment hint that the FTSE 100 and S&P 500 could have room for weakness ahead as the CAC 40 attempts to climb towards key resistance #SP500 #FTSE100 #CAC40 - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/05/27/FTSE-100-SP-500-CAC-40-Forecasts-Analyzing-Signals-in-Positioning.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/5yVyQF6Jix
  • Japan compiles new stimulus package of 117.1 trillion #Yen, new spending in second extra budget is 31.9 trillion Yen -BBG citing relevant document
  • Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all. Get your market update from @DavidCottleFX here:https://t.co/QzNoNYgMgP https://t.co/jTtYhKosIa
  • China's #Yuan falls 0.28% to 7.1560/USD which is the weakest since September 2019 -BBG
The Relentless Run in USD is Set to Continue

The Relentless Run in USD is Set to Continue

2016-12-15 17:12:00
James Stanley, Strategist
Share:

- This is an interview between Sara Walker of IG.com and DailyFX Strategist, James Stanley, conducted on the morning after the Federal Reserve’s December 2016 rate hike.

- The primary topic of discussion was the relentless move that’s been seen in the Greenback in the post-election environment. After yesterday’s FOMC statement and press conference, that strength looks likely to continue as the Federal Reserve is getting more optimistic about the continued recovery in the United States and looking to hike rates more quickly than before the election.

- But this isn’t without risks, as we’ve seen before in January of this year. The United States is one of the lone economies looking at tighter policy options, and this could further expose the US Dollar to further gains. But – should the Dollar run too far, too fast – this could potentially de-rail the state of what’s been a rather tenuous U.S. recovery.

- We also looked at why the Yen may be one of the better currencies to pick on next year in anticipation of continued Yen-weakness.

- Regarding technical levels on the U.S. Dollar (as represented by ‘DXY’), we’re currently trading at 14-year highs and we’ve just broken above a major resistance level at 101.80. After such a major level gives way, it can often show back-up as support after a retracement. On the resistance side of the coin, potential levels at 105 and 109 could be interesting for longer-term targets on DXY.

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

DISCLOSURES

News & Analysis at your fingertips.