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
Bullish
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
GBP/USD
Mixed
USD/JPY
Mixed
Gold
Bullish
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Notice

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • Overall, UK assets were relatively unchanged with $GBPUSD hovering around pre-announced levels, while UK 2yr gilt yields dipping a meagre 1bp and the #FTSE 100 seeing a marginal lift. Get your market update from @JMcQueenFX here: https://t.co/oeYjMx82rv https://t.co/fU3fmijyn9
  • RT @markets: U.S. jobless claims increase less than forecast to 208,000 https://t.co/AJtf2iElag https://t.co/R4MB7XVbWM
  • 🇺🇸 (USD) Philadelphia Fed Business Outlook (SEP), Actual: 12.0 Expected: 10.5 Previous: 16.8 https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=TweetRobot&utm_campaign=twr
  • 🇺🇸 (USD) Initial Jobless Claims (SEP 14), Actual: 208k Expected: 213k Previous: 206k https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=TweetRobot&utm_campaign=twr
  • WTI Oil Price Outlook: Sharp Moves, Nasty Headlines, Levels to Know https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2019/09/19/wti-crude-oil-price-outlook-sharp-moves-nasty-headlines-levels-to-know-js52-oil-chart.html https://t.co/mjwcK3S0uC
  • 🇺🇸 (USD) Continuing Claims (SEP 7), Actual: 1661k Expected: 1672k Previous: 1674k https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=TweetRobot&utm_campaign=twr
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.85%, while traders in France 40 are at opposite extremes with 82.89%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/QfI3m1UEqZ
  • RT @business: Iran’s foreign minister warns that any U.S. or Saudi strike on his country would lead to “all-out war” https://t.co/i6O5k2IBqu
  • Heads Up:🇺🇸 USD Continuing Claims (SEP 7) due at 12:30 GMT (15min), Actual: N/A Expected: 1672k Previous: 1670k https://www.dailyfx.com/economic-calendar#2019-09-19
  • Heads Up:🇺🇸 USD Initial Jobless Claims (SEP 14) due at 12:30 GMT (15min), Actual: N/A Expected: 214k Previous: 204k https://www.dailyfx.com/economic-calendar#2019-09-19
GBP/USD Wobbled as Trade War Fears Hurt S&P 500. All Eyes on BoJ

GBP/USD Wobbled as Trade War Fears Hurt S&P 500. All Eyes on BoJ

2019-03-14 23:00:00
Daniel Dubrovsky, Analyst
Share:

Asia Pacific Market Open Talking Points

  • GBP/USD wobbled as Brexit saga lingered, US Dollar appreciated
  • Trade war fears may have hurt sentiment, resistance tamed S&P 500
  • BoJ may downgrade economic forecasts, Asia stocks may trade mixed

Find out what the #1 mistake that traders make is and how you can fix it!

Key FX Developments Thursday

The British Pound wobbled, underperforming against its major counterparts after upside support from a ‘no-deal’ Brexit being rejected faded. GBP/USD aimed lower after technical cues warned of a turn lower in the near-term. Sterling struggled after the UK Parliament voted to delay the Brexit deadline. The nation will have to justify its request to do so, requiring unanimous agreement from the other 27 EU member states.

The US Dollar appreciated at the expense of Sterling weakness, weighing down on anti-fiat gold prices which may now find confirming a technical bullish break more difficult. Sentiment also fell apart later in the day after the S&P 500 lacked the momentum to find follow-through after gains in European benchmark stock indexes. It ended the day about 0.1% lower as resistance at 2824 held.

Risk appetite falling apart may have been because of trade war concerns. A meeting between US President Donald Trump and China’s Xi Jinping was pushed back to at least April. Meanwhile, the EU Parliament voted against resuming trade talks with the US. The pro-risk Australian Dollar fell while the anti-risk Swiss Franc gained, perhaps owing to its status as a regional haven to European geopolitical concerns.

Friday’s Asia Pacific Trading Session

The New Zealand Dollar got a slight boost as domestic manufacturing PMI data beat expectations early into Friday’s trading session. At an unscheduled time during the Asia Pacific trading session, the Bank of Japan interest rate decision will cross the wires.

While it is expected to leave its policy-setting tools unchanged, it may downgrade economic forecasts amidst slowing global growth, just as most other central banks have been doing. S&P 500 futures are little changed, suggesting perhaps a mixed session for APAC equities in the immediate sense.

US Trading Session Economic Events

GBP/USD Wobbled as Trade War Fears Hurt S&P 500. All Eyes on BoJ

Asia Pacific Trading Session Economic Events

GBP/USD Wobbled as Trade War Fears Hurt S&P 500. All Eyes on BoJ

** All times listed in GMT. See the full economic calendar here

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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

DISCLOSURES

News & Analysis at your fingertips.