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
EUR/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
Oil - US Crude
Mixed
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
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • The S&P 500 is a stumble from a record high and the Dollar is leaning hard on a breakdown. I prefer a $GBPUSD over a AUDUSD on the volatility. Talk about NFPs and market bias in my video for today: https://www.dailyfx.com/forex/video/daily_news_report/2020/08/07/GBPUSD-and-USDCAD-Breakout-Candidates-SP-500-Complacency-Awaits-NFPs-.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/1Q370CIW2m
  • 🇨🇳 Balance of Trade (JUL) Actual: $62.33B Expected: $42B Previous: $46.42B https://www.dailyfx.com/economic-calendar#2020-08-07
  • Chinese exports for July jump 10.4% year-on-year, smashing expectations of a 0.9% climb - BBG $USDCNH
  • Heads Up:🇨🇳 Balance of Trade (JUL) due at 03:00 GMT (15min) Expected: $42B Previous: $46.42B https://www.dailyfx.com/economic-calendar#2020-08-07
  • The #RBI unexpectedly held rates unchanged yesterday What is the road ahead for $USDINR and the #Nifty 50 ahead of key Indian data next week? #Rupee https://www.dailyfx.com/forex/fundamental/article/special_report/2020/08/07/Indian-Rupee-USDINR-Look-Past-RBI-Rate-Hold-Nifty-50-Uptrend-Holds.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/KoaBZvChfd
  • Copper prices seem to have stalled just shy of key chart resistance as geopolitical tensions weigh on the global-growth proxy. Get your copper market update from @ddubrovskyFX here:https://t.co/qseySE5dWP https://t.co/T1pquI7oNZ
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.13% Oil - US Crude: -0.06% Silver: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rl8FyylLPm
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.02% 🇪🇺EUR: -0.10% 🇬🇧GBP: -0.11% 🇨🇭CHF: -0.14% 🇨🇦CAD: -0.14% 🇦🇺AUD: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/fLk36GuM52
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.95%, while traders in US 500 are at opposite extremes with 79.00%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/QgYIse5iUn
  • RT @Reuters: Trump issues executive order to address the 'threat' posed by TikTok, saying that beginning in 45 days, any transaction subjec…
S&P 500 Marches on as Fed Caves on Policy Tightening

S&P 500 Marches on as Fed Caves on Policy Tightening

2019-02-01 17:00:00
Justin McQueen, Analyst
Share:

Equity Analysis and News

  • Federal Reserve Bows Down to Market
  • Bank of England’s not so ‘Super’ Thursday

Federal Reserve Bows Down to Market

Markets had expected a dovish FOMC meeting and that is exactly what they got, with Powell and Co. not only providing a dovish signal but going one step further, having mentioned that they could adjust balance sheet normalization if required (Balance sheet normalization process). Consequently, US equity markets have continued its strong start to the year. Next week, Fed officials will place their attention towards the latest PCE data, while the end of the government shutdown will begin to see US data pick up.

Bank of England’s not so ‘Super’ Thursday

Brexit is the dominating theme for UK assets and will continue to remain as such, with uncertainty continuing. Consequently, the Bank of England have been somewhat tight-lipped as they await clarity on how the UK will exit the EU. Recent data from the UK is unlikely to stir much optimism from BoE officials with much of the data continuing to be hampered from the ongoing Brexit uncertainty. However, as this weighs on the Pound, the FTSE is back towards the pivotal 7000 level.

RECOMMENDED READING

RESOURCES FOR FOREX & CFD TRADERS

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES

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.