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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.83% Wall Street: 0.75% US 500: 0.46% France 40: 0.37% FTSE 100: 0.17% View the performance of all markets via
  • Market drivers for the week after the Fed: MOAR FED
  • FOMC Speakers this week
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • 🇺🇸 Chicago Fed National Activity Index (MAY) Actual: 0.29 Previous: -0.09
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 84.83%, while traders in France 40 are at opposite extremes with 69.62%. See the summary chart below and full details and charts on DailyFX:
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the weekly open! -
  • German Health Minister Spahn says there is a risk of a fourth wave due to Delta variant
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇬🇧GBP: 0.55% 🇦🇺AUD: 0.48% 🇪🇺EUR: 0.22% 🇨🇭CHF: 0.20% 🇯🇵JPY: 0.11% View the performance of all markets via
  • Weekly Strategy Webinar starting in 15mins on DailyFX! -
Bank Research Consensus Weekly 03.05.12

Bank Research Consensus Weekly 03.05.12

David Song, Strategist
Bank_Research_Consensus_Weekly_03.05.12_body_BankResearch.png, Bank Research Consensus Weekly 03.05.12

ECB to Do Less Later

Elga Bartsch,Chief European Economist, Morgan Stanley

The risks to our ECB call for 50bp of further rate cuts and outright Quantitative Easing (QE) in 1H12 have increased markedly in recent weeks. Euro area money markets have essentially priced out all ECB easing this year. The monthly ECB press conferences have become increasingly upbeat. Financial markets for risky assets have experienced a sharp rally in early 2012, fuelled by actual and expected LTRO liquidity. Business sentiment, at least in the core countries, appears to be stabilising. Globally commodity prices are on the rise.

Full Story

FX: On the other side of the LTRO

Kasper Kirkegaard, Senior Analyst, Danske Bank

The second 3Y LTRO met market expectations as EUR529.5bn was borrowed at the auction. This secures plenty of liquidity in the system. The effect on the currency market is likely to be the same as following the first 3Y LTRO in December – just less forceful.

Full Story

Normalization and Lingering Issues

John E. Silvia, Chief Economist, Wells Fargo

Credit markets for the non-financial corporate business sector have taken on the appearance of a balanced market for bank lending and a much more solid capital market. The net percentage of banks tightening standards and those reporting stronger demand appears to be fluctuating around neutral. The bank credit market for private-sector business lending appears to have stabilized at this point in the economic expansion. In addition, the pattern of C&I loans appears to follow the pattern of inventory gains. Business lending through banks appears consistent with the economic forces of inventory finance and little evidence exists of a credit crunch at banks at this time. Moreover, banks of all types, domestic and foreign, small and large, appear to be contributing to the growth of lending overall.

Full Story

United States – For The Optimist, A Glass Half Full

Martin Schwerdtfeger, Senior Economist,TD Bank Financial Group

There were a host of macroeconomic policy developments and data releases to keep investors busy throughout the week. In the U.S., equity markets reacted with some disappointment on Wednesday after Fed Chairman Bernanke sounded relatively less dovish in his semi-annual testimony before the Financial Services Committee. Indeed, Mr. Bernanke omitted any explicit mention to potential further long-term asset purchases – quantitative easing – by the Fed. He also highlighted that the Fed’s commitment to low interest rates until late 2014 is not set in stone, but conditional on the evolution of the economy. This does not imply a departure from what up to now has been, and still remains, an extremely accommodative policy stance. It is just an acknowledgement of the recent improvement in economic conditions, in particular the better tone of labor market indicators of late.

Full Story

Compiled by David Song, Currency Analyst

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