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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇰🇷 Business Confidence (JAN) due at 21:00 GMT (15min) Previous: 82 https://www.dailyfx.com/economic-calendar#2021-01-27
  • The Euro is under pressure this morning following surprisingly dovish comments from ECB’s Knot, going against his typically more hawkish stance. Get your $EURUSD market update from @JMcQueenFX here:https://t.co/ySbYLIAvM5 https://t.co/KLEP03REcm
  • US equities hovering near session lows in wake of the FOMC statement and press conference from Fed Chair Powell. The S&P 500 Index is currently trading -2.7% lower with 30-minutes to go until the close. $SPX $SPY $ES_F #Stocks https://t.co/pT56yQF4md
  • Fed Chair Powell: -Have not made decision on removing bank restrictions -Some housing tightness is passing phenomenon -Large increases in home prices unlikely to be sustained -Corporate defaults have been fewer than expected -We haven't seen as much scarring as we feared
  • Fed Chair Powell: -Emergency lending facilities were very helpful to economy -Haven't talked with US Treasury about emergency tools
  • Federal Reserve holds its policy interest rate and pace of asset purchases steady as expected. Get your $XAUUSD market update from @RichardSnowFX here:https://t.co/8CIIMYDUtr https://t.co/0U48GH20aM
  • Fed Chair Powell: -World has been struggling with disinflationary forces for a while -US inflation dynamics won't change much over near term -More concerned about recovery than pickup in inflation -Inflation resembling past decades seems unlikely
  • Fed Chair Powell: -Talk of tapering asset purchases is premature -Just too early to be talking about dates on tapering bond buying plans -Tapering would be gradual when we do it -Whole focus on exit is premature $SPX $NDX $DJI $USD $DXY $XAUUSD $TNX
  • Fed Chair Powell: -Pandemic, new virus strains still provide considerable downside risks -Will take quite a while to get to herd immunity -Vaccine rollout likely to be a struggle -Nothing more important to economy now than vaccinations
  • Fed Chair Powell: -Coming months' rise in inflation will be transient -We will be patient and not react when we see modest bumps in inflation -Very unlikely that we'll see troubling inflation -Not going to adopt a formula on inflation
Forex Trading: Short EURGBP Ahead Of U.K. CPI, BoE Minutes

Forex Trading: Short EURGBP Ahead Of U.K. CPI, BoE Minutes

David Song, Strategist

We shorted the EURGBP at 0.8128 as the U.K. Consumer Price report is expected to show heightening price pressures in November, and we anticipate to see the pair track higher going into the Bank of England (BoE) Minutes as the central bank drops its dovish tone for monetary policy. Although the headline reading for U.K. inflation is expected to hold at 2.7%, an uptick in core consumer prices should spark a bullish reaction in the sterling, and we will maintain a bearish forecast for the pair amid the deviation in the policy outlook. In turn, we have set our stop above the daily high (0.8155), and will keep an open target for now as the pair looks poised for a key reversal.

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

DISCLOSURES