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
Mixed
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
Mixed
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
Gold
Mixed
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
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • US Treasury Yields: 2-Year: 0.158% 3-Year: 0.199% 5-Year: 0.308% 7-Year: 0.507% 10-Year: 0.669% 30-Year: 1.470% $TNX
  • #Dollar vs Mexican #Peso Technical Outlook: $USDMXN Breakdown Levels - https://t.co/CjeHj7lC8u https://t.co/dmeH2chdDt
  • NYC Mayor De Blasio says the city does not want National Guard troops to help with protests $SPX
  • Trump will meet soon with advisors to talk about new relief bill - DJ via BBG
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 1.24% 🇳🇿NZD: 1.03% 🇨🇦CAD: 0.56% 🇪🇺EUR: 0.46% 🇨🇭CHF: -0.07% 🇯🇵JPY: -0.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XNw8pkSsXa
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 1.98% Germany 30: 1.33% FTSE 100: 0.81% Wall Street: 0.71% US 500: 0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/J2WnVIkNxh
  • Trump says a COVID-19 vaccine is coming along really well, along with therapeutics $SPX
  • President Trump to speaking to the market's interests optimism of a expedited economic reopening, but not a lot of detail to gain traction around https://t.co/gc54MZMtuG
  • The $DXY Dollar Index is often a mirror of EURUSD - as the benchmark cross accounts for a vast majority of the trade-weighted index. The DXY is also down 6 straight trading days, but it hasn't seen a 7th since October 2007 https://t.co/ipeUVxqHOj
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.60% Gold: 0.25% Silver: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/nBg1O9AB2c
Strategy Video: Dollar Tumble Unlikely to Drive EURUSD Above 1.4000

Strategy Video: Dollar Tumble Unlikely to Drive EURUSD Above 1.4000

2014-04-10 00:34:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

• The dollar has not followed risk trends in some time, so record high equities are not an immediate threat

• Interest rate forecasts are key to the greenback's recent tumble and are the most likely driver ahead

• Tempering expectations of a near-term FOMC hike, however, does not equate to a dovish outlook

Do you want to trade an individual currency like the US Dollar and/or broader trend developments as with yield expectations? Use the Mirror Trader Currency Baskets to place a trade.

The dollar is in the middle of its biggest tumble in six months. Yet, the drive behind this move has imminent limitations which are likely to delay or even prevent a major break like EURUSD's ambitions on 1.4000. The currency's current tumble is not rooted in risk - the theme itself has lacked for consistent influence for some time. Instead, the bearish hit comes on behalf of interest rate expectations which have eased back as ambitious hawks recognize the slow pace the Fed is committed to in its transition from QE to Taper to the first rate hike. Yet, while that progression may be slowing, it is still being made. That is a reality that will translate into a correction rather than a trend for the benchmark dollar. We discuss the dollar and its bearings exclusively in today's Strategy Video.

Bring the economic calendar and events like NFPs and FOMC rate decisions to your charts with the DailyFX News App.

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

DISCLOSURES

News & Analysis at your fingertips.