diff --git a/packages/core/src/client.ts b/packages/core/src/client.ts
index cf834a2c34..c36e5dd1fc 100755
--- a/packages/core/src/client.ts
+++ b/packages/core/src/client.ts
@@ -22,7 +22,7 @@ import {
 import {
   composeExchanges,
   defaultExchanges,
-  fallbackExchangeIO,
+  fallbackExchange,
 } from './exchanges';
 
 import {
@@ -147,7 +147,7 @@ export class Client {
     this.results$ = share(
       this.exchange({
         client: this,
-        forward: fallbackExchangeIO,
+        forward: fallbackExchange({ client: this }),
       })(this.operations$)
     );
 
diff --git a/packages/core/src/exchanges/fallback.test.ts b/packages/core/src/exchanges/fallback.test.ts
index 6819729651..79a54d4d58 100644
--- a/packages/core/src/exchanges/fallback.test.ts
+++ b/packages/core/src/exchanges/fallback.test.ts
@@ -1,9 +1,15 @@
 import { forEach, fromValue, pipe } from 'wonka';
 import { queryOperation, teardownOperation } from '../test-utils';
-import { fallbackExchangeIO } from './fallback';
+import { fallbackExchange } from './fallback';
 
 const consoleWarn = console.warn;
 
+const client = {
+  debugTarget: {
+    dispatchEvent: jest.fn(),
+  },
+} as any;
+
 beforeEach(() => {
   console.warn = jest.fn();
 });
@@ -16,7 +22,7 @@ it('filters all results and warns about input', () => {
   const res: any[] = [];
 
   pipe(
-    fallbackExchangeIO(fromValue(queryOperation)),
+    fallbackExchange({ client })(fromValue(queryOperation)),
     forEach(x => res.push(x))
   );
 
@@ -28,7 +34,7 @@ it('filters all results and warns about input', () => {
   const res: any[] = [];
 
   pipe(
-    fallbackExchangeIO(fromValue(teardownOperation)),
+    fallbackExchange({ client })(fromValue(teardownOperation)),
     forEach(x => res.push(x))
   );
 
diff --git a/packages/core/src/exchanges/fallback.ts b/packages/core/src/exchanges/fallback.ts
index 7aa790cd5d..ca15daa679 100644
--- a/packages/core/src/exchanges/fallback.ts
+++ b/packages/core/src/exchanges/fallback.ts
@@ -1,18 +1,25 @@
 import { filter, pipe, tap } from 'wonka';
-import { ExchangeIO, Operation } from '../types';
+import { Operation, ExchangeIO } from '../types';
 
 /** This is always the last exchange in the chain; No operation should ever reach it */
-export const fallbackExchangeIO: ExchangeIO = ops$ =>
+export const fallbackExchange: ({ client: Client }) => ExchangeIO = ({
+  client,
+}) => ops$ =>
   pipe(
     ops$,
-    tap<Operation>(({ operationName }) => {
+    tap<Operation>(operation => {
       if (
-        operationName !== 'teardown' &&
+        operation.operationName !== 'teardown' &&
         process.env.NODE_ENV !== 'production'
       ) {
-        console.warn(
-          `No exchange has handled operations of type "${operationName}". Check whether you've added an exchange responsible for these operations.`
-        );
+        const message = `No exchange has handled operations of type "${operation.operationName}". Check whether you've added an exchange responsible for these operations.`;
+
+        client.debugTarget!.dispatchEvent({
+          type: 'fallbackCatch',
+          message,
+          operation,
+        });
+        console.warn(message);
       }
     }),
     /* All operations that skipped through the entire exchange chain should be filtered from the output */
diff --git a/packages/core/src/exchanges/fetch.test.ts b/packages/core/src/exchanges/fetch.test.ts
index 2eac8215d3..768be2e94f 100755
--- a/packages/core/src/exchanges/fetch.test.ts
+++ b/packages/core/src/exchanges/fetch.test.ts
@@ -40,7 +40,11 @@ const response = {
 
 const exchangeArgs = {
   forward: () => empty as Source<OperationResult>,
-  client: {} as Client,
+  client: ({
+    debugTarget: {
+      dispatchEvent: jest.fn(),
+    },
+  } as any) as Client,
 };
 
 describe('on success', () => {
diff --git a/packages/core/src/exchanges/fetch.ts b/packages/core/src/exchanges/fetch.ts
index aca8dd8cd7..50c65bbfb3 100755
--- a/packages/core/src/exchanges/fetch.ts
+++ b/packages/core/src/exchanges/fetch.ts
@@ -3,6 +3,7 @@ import { Kind, DocumentNode, OperationDefinitionNode, print } from 'graphql';
 import { filter, make, merge, mergeMap, pipe, share, takeUntil } from 'wonka';
 import { Exchange, Operation, OperationResult } from '../types';
 import { makeResult, makeErrorResult } from '../utils';
+import { Client } from '../client';
 
 interface Body {
   query: string;
@@ -11,7 +12,7 @@ interface Body {
 }
 
 /** A default exchange for fetching GraphQL requests. */
-export const fetchExchange: Exchange = ({ forward }) => {
+export const fetchExchange: Exchange = ({ forward, client }) => {
   const isOperationFetchable = (operation: Operation) => {
     const { operationName } = operation;
     return operationName === 'query' || operationName === 'mutation';
@@ -31,6 +32,7 @@ export const fetchExchange: Exchange = ({ forward }) => {
 
         return pipe(
           createFetchSource(
+            client,
             operation,
             operation.operationName === 'query' &&
               !!operation.context.preferGetMethod
@@ -60,7 +62,11 @@ const getOperationName = (query: DocumentNode): string | null => {
   return node !== undefined && node.name ? node.name.value : null;
 };
 
-const createFetchSource = (operation: Operation, shouldUseGet: boolean) => {
+const createFetchSource = (
+  client: Client,
+  operation: Operation,
+  shouldUseGet: boolean
+) => {
   if (
     process.env.NODE_ENV !== 'production' &&
     operation.operationName === 'subscription'
@@ -113,7 +119,9 @@ const createFetchSource = (operation: Operation, shouldUseGet: boolean) => {
     let ended = false;
 
     Promise.resolve()
-      .then(() => (ended ? undefined : executeFetch(operation, fetchOptions)))
+      .then(() =>
+        ended ? undefined : executeFetch(client, operation, fetchOptions)
+      )
       .then((result: OperationResult | undefined) => {
         if (!ended) {
           ended = true;
@@ -132,12 +140,23 @@ const createFetchSource = (operation: Operation, shouldUseGet: boolean) => {
 };
 
 const executeFetch = (
+  client: Client,
   operation: Operation,
   opts: RequestInit
 ): Promise<OperationResult> => {
   const { url, fetch: fetcher } = operation.context;
   let response: Response | undefined;
 
+  client.debugTarget!.dispatchEvent({
+    type: 'fetchRequest',
+    message: 'A fetch request is being executed.',
+    operation,
+    data: {
+      url,
+      fetchOptions: opts,
+    },
+  });
+
   return (fetcher || fetch)(url, opts)
     .then(res => {
       const { status } = res;
@@ -150,11 +169,37 @@ const executeFetch = (
         return res.json();
       }
     })
-    .then(result => makeResult(operation, result, response))
+    .then(result => {
+      client.debugTarget!.dispatchEvent({
+        type: 'fetchSuccess',
+        message: 'A successful fetch response has been returned.',
+        operation,
+        data: {
+          url,
+          fetchOptions: opts,
+          value: result,
+        },
+      });
+
+      return makeResult(operation, result, response);
+    })
     .catch(err => {
-      if (err.name !== 'AbortError') {
-        return makeErrorResult(operation, err, response);
+      if (err.name === 'AbortError') {
+        return;
       }
+
+      client.debugTarget!.dispatchEvent({
+        type: 'fetchError',
+        message: err.name,
+        operation,
+        data: {
+          url,
+          fetchOptions: opts,
+          value: err,
+        },
+      });
+
+      return makeErrorResult(operation, err, response);
     });
 };
 
diff --git a/packages/core/src/exchanges/index.ts b/packages/core/src/exchanges/index.ts
index 798c4f481a..213e8cc095 100644
--- a/packages/core/src/exchanges/index.ts
+++ b/packages/core/src/exchanges/index.ts
@@ -4,7 +4,7 @@ export { subscriptionExchange } from './subscription';
 export { debugExchange } from './debug';
 export { dedupExchange } from './dedup';
 export { fetchExchange } from './fetch';
-export { fallbackExchangeIO } from './fallback';
+export { fallbackExchange } from './fallback';
 export { composeExchanges } from './compose';
 
 import { cacheExchange } from './cache';
diff --git a/packages/core/src/types.ts b/packages/core/src/types.ts
index 2b5e2ff8db..8ccf51e069 100644
--- a/packages/core/src/types.ts
+++ b/packages/core/src/types.ts
@@ -88,11 +88,27 @@ export type ExchangeIO = (ops$: Source<Operation>) => Source<OperationResult>;
 
 /** Debug event types (interfaced for declaration merging). */
 export interface DebugEventTypes {
+  // Cache exchange
   cacheHit: { value: any };
   cacheInvalidation: {
     typenames: string[];
     response: OperationResult;
   };
+  // Fetch exchange
+  fetchRequest: {
+    url: string;
+    fetchOptions: RequestInit;
+  };
+  fetchSuccess: {
+    url: string;
+    fetchOptions: RequestInit;
+    value: object;
+  };
+  fetchError: {
+    url: string;
+    fetchOptions: RequestInit;
+    value: Error;
+  };
 }
 
 export type DebugEvent<T extends keyof DebugEventTypes | string> = {
@@ -100,5 +116,5 @@ export type DebugEvent<T extends keyof DebugEventTypes | string> = {
   message: string;
   operation: Operation;
 } & (T extends keyof DebugEventTypes
-  ? { data: T extends keyof DebugEventTypes ? DebugEventTypes[T] : never }
+  ? { data: DebugEventTypes[T] }
   : { data?: any });