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.

Free Trading Guides
EUR/USD
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
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • The $USD suddenly seems scarce amid the #coronavirus outbreak. That threatens short-term financing underpinning global supply chains, despite the Fed’s epic efforts. Get your US Dollar market update from @DavidCottleFX here:https://t.co/D2p2VlkpJi https://t.co/GgQN6zFGG0
  • My trading video for today: 'S&P 500 Closes Best Week in 45 Years Unperturbed by Data, Helped by Fed' https://www.dailyfx.com/forex/video/daily_news_report/2020/04/10/SP-500-Closes-Best-Week-in-45-Years-Unperturbed-by-Data-Helped-by-Fed.html?ref-author=Kicklighter&QPID=917719&CHID=9
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.22%, while traders in Wall Street are at opposite extremes with 78.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/35HQhfNLVr
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.12% 🇨🇦CAD: 0.11% 🇪🇺EUR: 0.09% 🇬🇧GBP: 0.04% 🇦🇺AUD: 0.03% 🇳🇿NZD: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/eTpRMCtc2k
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.33% France 40: 1.21% Wall Street: 0.29% US 500: 0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/okA8WJ8OLb
  • #Gold prices well-supported as keeping interest rates ultra-low in response to the 2008 global financial crisis proves problematic for fighting the next one, the #coronavirus outbreak. Get your $XAUUSD market update from @DavidCottleFX here:https://t.co/zNpjufGv2b https://t.co/iUtAYQYi8D
  • #Dow Jones, DAX 40 and CAC 40 short exposure has been rising alongside their recent ascents. What can this mean for the outlook in global stock markets? Find out from @ddubrovskyFX here:https://t.co/NBlD6xlQRb https://t.co/Ra6C480Czl
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.18% Silver: 0.00% Gold: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/BBFCXmkgWy
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: -0.00% 🇪🇺EUR: -0.01% 🇯🇵JPY: -0.02% 🇦🇺AUD: -0.09% 🇨🇦CAD: -0.11% 🇳🇿NZD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/sN5ig7prHE
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.33%, while traders in Wall Street are at opposite extremes with 78.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lm7hFY5ytq
Bank Research Consensus Weekly 01.30.12

Bank Research Consensus Weekly 01.30.12

2012-01-30 16:50:00
David Song, Strategist
Share:
Bank_Research_Consensus_Weekly_01.30.12_body_BankResearch.png, Bank Research Consensus Weekly 01.30.12

The Confluence of Liquidity and Macro Policies

Manoj Pradhan, Morgan Stanley

Despite their best efforts, central banks have not been able to make a distinction between liquidity policy and macro policy. While this is understandable for DM central banks with policy rates close to zero, EM central banks have also seen the distinction between the two blur. Take the example of recent EM easing. So far in 2012, the central banks of Chile, Israel, India and Hungary have all surprised markets by delivering more easing than had been expected (Hungary didn't hike at all, against expectations of a hike). Of the four, India's ‘easing' was only a cash reserve ratio cut of 50bp with no change in the policy rate. However, despite a pointed remark in the RBI's statement that the time was not yet appropriate for monetary policy to be eased, the CRR cut remains a clear signal of forthcoming traditional macro easing in March or April (see RBI Cuts CRR by 50bp; Urges Cut in Fiscal Deficit to Allow Interest Rate Cuts, January 24, 2012). A 50bp RRR cut by the PBoC in December also provided a similar signal to markets. EM policy-makers have never been shy about using liquidity measures, but the degree to which they are employed now is a magnitude higher than has been the case historically.

Full Story

FX: The Bernanke ‘Put’ is Back

Kasper Kirkegaard, Senior Analyst, Danske Bank

The FOMC meeting was not expected to be the market mover it turned out to be. However, if the Fed was looking to send bond yields lower, it certainly succeeded. The yield on 10-year government bonds is back below 2% and the dollar is weaker.

Full Story

FOMC and GDP: Low Rates Stay

John E. Silvia, Chief Economist, Wells Fargo

This weeks messages from both the FOMC (Federal Open Market Committee) and Friday’s GDP release were that interest rates will remain low—the positive—but that there will be no near-term exit for debtors—public and private—from their deleveraging and rationalizing of spending.The FOMC indicated that current easy monetary policy will remain in place through 2014. Although, by examining the preferences of individual members, it was also clear that some preferred to raise rates earlier—some preferred much earlier. In addition, the FOMC stated its inflation expectation for the long run to be 2 percent for the overall, not core, PCE deflator.

Full Story

United States – Federal Reservations

Chris Jones, Economist,TD Bank Financial Group

Bond markets were taken by surprise this week when the Federal Reserve committed to keep interest rates near zero through 2014 – 18 months longer than previously announced. Yet those left scratching their head need only look at this morning’s disappointing GDP release to understand why the Fed did what it did. While the economy grew 2.8% in the fourth quarter – its best quarterly showing since mid- 2010 – the strength mainly came from rebounding inventory investment. Growth in domestic demand, key to a more robust recovery, decelerated dramatically. Indeed the data made clear that this is an economy that has fallen short of expectations and is short on momentum. The Fed is doing all that it can to change that. But further monetary easing isn’t what is going to provide the jolt the economy needs.

Full Story

Compiled by David Song, Currency Analyst

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

DISCLOSURES

News & Analysis at your fingertips.