Affiliate Disclosure
Affiliate Disclosure 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: Market Sees 80% Chance of Fed Rate Cut in March

Last Friday’s lower-than-expected US PPI data has raised expectations that the Federal Reserve will begin cutting interest rates in March, leading to a rise in stocks.

  1. The release of PPI data in the US on Friday had some impact as the number was lower than expected, leading the market to reassess its opinion of the chance the Fed will begin cutting rates in March. A few days ago the CME’s FedWatch tool showed a 67% probability of a hike, now it has risen to 80%. This has boosted stock markets, with the NASDAQ 100 Index rising to reach a level only about 100 points off its all-time high made just a matter of days ago, while the Japanese Nikkei 225 Index made another new 34-year high price.
  2. The SEC’s authorisation last week of the sale of retail Bitcoin ETFs by several investment houses seems to have triggered a fall in the price of Bitcoin, which has reached as low as $42k after making a new 20-month high price just last Thursday.
  3. In the Forex market, the Euro has been the strongest major currency since the Tokyo open today. The New Zealand Dollar has been the weakest. There remains a valid long-term bullish trend in the EUR/USD currency pair. The US Dollar is still consolidating. The Japanese Yen is also weak, with its 2-year bond yield dropping below zero for the first time since July 2023, which helped the Nikkei 225 Index rise to make another 34-year high price.
  4. Cocoa futures reached new multi-year high prices last Friday, which will keep trend traders interested in this commodity on the long side. It has been exhibiting a powerful bullish trend for more than a year now.
  5. There will be a release today of UK Claimant Count Change data.

Ready to trade our Forex News? Here’s a list of some of the best online forex trading platforms to check out.

Top Forex Brokers

    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