Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Forex Today: Risk-On Sentiment Continues as Fed Hikes Seen Over

Risk-on sentiment remains in the market following last week’s cooler than expected US economic data, suggesting the Fed has likely completed the current rate hike cycle.

   

Top Forex Brokers

     
    1. Markets are enjoying a resurgence in risk-on sentiment as consensus firms around the notion that the Fed is done hiking rates, with the CMA FedWatch tool suggesting a 93% chance of no rate hike at the next Fed meeting later this month of September. Sentiment is also bullish in China on property stimulus issues, leading to the HIS rising by more than 2% today. Most stock markets are higher since the Asian open today.
    2. Risk-on sentiment is producing a gain in the Australian Dollar, while the US Dollar has been the weakest currency today in the Forex market, putting the AUD/USD currency pair in focus today.
    3. There are rallies in several commodities, with the most notable being WTI Crude Oil and Brent Crude Oil which reached long-term high prices last Friday, which will be of interest to trend traders on the long side.
    4. The USD/JPY currency pair remains within a valid long-term upwards trend. Trend traders and yield traders will be interested in being long of this currency pair.
    5. It is a public holiday today in both the USA and Canada. Labor Day is a major holiday in the USA to market volumes there can be expected to be very thin today.
    6. There will be a release tomorrow of the Reserve Bank of Australia’s Cash Rate and Rate Statement – the Bank is expected to leave its Rate unchanged at 4.10%.
    Adam Lemon
    About Adam Lemon

    Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

    Most Visited Forex Broker Reviews