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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
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
  • Democratic Senator Manchin open to President Biden's "human infrastructure" and undoing some GOP tax cuts - NBC
  • pretty sure I made a Time Variance Authority reference when critiquing strong form market efficiency earlier today in the @Nadex boot camp needless to say I’m hyped for #Loki episode 3 tonight
  • Bank of Japan member says need to enhance easing during the expected recovery - BBG
  • Bank of Japan member says vaccination delays will mean slower growth - BBG
  • Heads up traders! Will be covering the #Euro in the aftermath of last week's #Fed and incoming US PCE data and the BoE later this week, looking at retail trader positioning $EURUSD $EURGBP Starting the session in about 10min, signup below!
  • Please join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here:
  • Heads Up:🇯🇵 BoJ Monetary Policy Meeting Minutes due at 23:50 GMT (15min)
  • The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data. Get your market update from @ddubrovskyFX here:
  • 5 out of 9 Dow Jones sectors ended higher, with 43.3% of the index’s constituents closing in the green. Consumer discretionary (+1.27%) and materials (+0.62%) outperformed, whereas industrials (-0.25%) and communication services (-0.21%) trailed behind.
  • 🇦🇺 Markit Manufacturing PMI Flash (JUN) Actual: 58.4 Previous: 60.4
Does Hitting ECB, BoJ Limits Mean Clear Euro, Yen Gains Ahead?

Does Hitting ECB, BoJ Limits Mean Clear Euro, Yen Gains Ahead?

John Kicklighter, Chief Strategist

Talking Points:

  • The ECB reflected on its previous massive stimulus upgrades at its April 21 meeting rather than add more
  • Both the ECB and BoJ are closing in on the practical limits of accommodative monetary policy
  • If an active central bank push has peaked, are the Euro and Yen naturally set for significant gains ahead?

See the DailyFX Analysts' 2Q forecasts for the Dollar and Euro in the DailyFX Trading Guides page.

The last two major upgrades in ECB policy (December and March) led to unexpected Euro gains and capital market losses. That seemed to contradict the theoretical relationship between monetary policy and speculative positioning. So, what happens when the market is more confident or even certain that the limits have been reached? Will the significant devaluations levered against those currency's where easing was most prevalent post natural and persistent rallies? While both the Euro and Japanese Yen have seen significant pressure in the rise of their respective central banks' easing efforts, the linear relationship of 'dovish policy, bearish currency' does not ensure the reversal is certain. A relative value market see fundamental influence wax and wane as circumstances change. And, the limits of the doves does not ensure the running of the bulls. We focus in the Euro and Yen as policy shifts in today's Strategy Video.

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.