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
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
More View more
Real Time News
  • AUD/USD defends the advance following the Federal Reserve interest rate decision as the US Gross Domestic Product (GDP) report warns of a weaker-than-expected recovery. Get your $AUD market update from @DavidJSong here:
  • RT @WVenketas: #FTSE100 index up 1% today and 9.70% YTD after several constituents posted record #earnings results with help from a #dovish…
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 3.01% Gold: 1.15% Oil - US Crude: 0.57% View the performance of all markets via
  • Gold Setting Up Potential Bullish Breakout - #GOLD chart
  • Gold Setting Up for Possible Bullish Breakout $Gold
  • 🇺🇸 Pending Home Sales YoY (JUN) Actual: -1.9% Previous: 13.1%
  • Please join us at 11:00 EST/15:00 GMT for a webinar on how to identify price trends with trader sentiment. Register here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.79%, while traders in Wall Street are at opposite extremes with 72.77%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 2.75% Gold: 1.10% Oil - US Crude: 0.67% View the performance of all markets via
  • Heads Up:🇺🇸 Pending Home Sales YoY (JUN) due at 14:00 GMT (15min) Previous: 13.1%
Bank Research Consensus Weekly 04.16.12

Bank Research Consensus Weekly 04.16.12

David Song, Strategist
Bank_Research_Consensus_Weekly_04.16.12_body_BankResearch.png, Bank Research Consensus Weekly 04.16.12

How Big Is the Fiscal Cliff in 2013?

David Greenlaw, Chief U.S. Fixed Income Economist, Morgan Stanley

Under current law, the US economy will experience a fiscal tightening of unprecedented magnitude at the end of this year. The main drivers include the scheduled expiration of the Bush era tax cuts, expiration of the 2010-11 payroll tax cut, expiration of emergency unemployment benefits, a budget sequester tied to the outcome of the failed Super Committee deliberations, other reductions in non-defense discretionary spending attributable to previously enacted budget appropriations legislation, defense spending reductions tied to a scaling back of activities in Iraq/Afghanistan, and the imposition of some new taxes on individuals imposed by the Affordable Care Act that was passed in 2010. While the Bush era tax cuts seem to get most of the attention, there are many changes that lie ahead under current law.

Full Story

Spain and Main in Pain

Thomas Hovard, Chief Analyst, Danske Bank

Risk aversion has been increasing throughout the last couple of weeks driven not so much by any significant events, more by the sum of all parts (fewer positive economic surprises, LTRO headlines disappearing and southern Europe jitters among others). Well, one significant driver though is Spain, where 10Y govie rates are approaching 6% again compared with around 5% at the beginning of March. SMP (the govie debt buyback programme at the ECB) could come back into play as indicated by ECB board member Benoit Coeure to ease pressure on both Spain and Italy.

Full Story

Low Rates are Hanging Around

John E. Silvia, Chief Economist, Wells Fargo

The Treasury market continues to take its cues from a domestic economy, which no longer seems to be ramping up as quickly as it was a few weeks earlier and the European Financial Crisis, which is still very much with us. News on inflation this week was largely as expected. While the inflation numbers continue to run a little ahead of the Fed’s comfort zone, price increases are not particularly widespread and the headline CPI is still decelerating on a year-to-year basis.

Full Story

Canada – Interest Rate Decisions To Grab More Attention

Chris Jones, Economist,TD Bank Financial Group

Given the weekly events, it appears that business psyches and confidence levels here in Canada are no longer stuck in neutral. Last Thursday, the economy churned out 82,300 net new jobs, the seventh largest monthly tally posted in forty six years. The data release was positive all round, with strength noted across sectors, industries and in most provinces. In two survey releases, the Bank of Canada (BoC) detailed that firms are more upbeat about their sales’ prospects, have more access to credit, and are experiencing fewer capacity constraints than just four months ago. The good news did not end there – housing starts in March clocked in their fastest annualized pace since the onset of the recession. Low interest rates and unseasonably warm weather were the driving forces behind the robust homebuilding performance. However, we would be remiss if we said that all data releases this week were positive in nature – Canada’s international trade surplus narrowed to $292 million in February, much lower than the $1.9 billion figure posted the month prior.

Full Story

Compiled by David Song, Currency Analyst

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