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.

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
Subscribe
Please try again
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
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
Gold
Mixed
GBP/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
USD/JPY
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
More View more
Real Time News
  • The US Dollar may fall versus ASEAN currencies if dovish Fed speak extends the boost in sentiment after a huge miss in non-farm payrolls. USD/PHP is eyeing the Philippine Central Bank. Get your market update here:https://t.co/BKjG92HWzX https://t.co/8MhgacRMO9
  • Bearish Gartley Pattern Hints at Downward Potential for Nas100 - #NDX chart https://t.co/37TnsEsOqf
  • Japan's Aso: - Around 4 trillion Yen left in reserve funds - It is unlikely that reserve funds will be insufficient - BBG $USDJPY
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.15% Oil - US Crude: -0.48% Silver: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/9IUnKsOJmx
  • Global stock markets may see turbulent volatility if darkening clouds over Washington’s relations with Beijing turn into a geopolitical storm. Which assets will be the lifeboat? Find out here:https://t.co/RkFI6qAyik https://t.co/dS3yMypxer
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.05% 🇨🇭CHF: 0.03% 🇦🇺AUD: 0.02% 🇨🇦CAD: -0.04% 🇳🇿NZD: -0.08% 🇯🇵JPY: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8RjWgZnVuC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.19%, while traders in France 40 are at opposite extremes with 70.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/V8ZnsZ4edi
  • S&P 500 Index Rebound May Offer Relief for Nikkei 225 and ASX 200 https://www.dailyfx.com/forex/market_alert/2021/05/14/SP-500-Index-Rebound-May-Offer-Relief-for-Nikkei-225-and-ASX-200.html https://t.co/ZnGfxTKewh
  • Update on #Cryptocurrencies #BITCOIN +1.94% #BITCOINCASH +5.98% #ETHEREUM +3.83% #RIPPLE +4.27% #LITECOIN +4.10% #DOGECOIN +10.44%
  • The British Pound gained aggressively, placing the focus on levels that may send GBP/USD and GBP/JPY lower, with EUR/GBP still open to a turn higher. Will Sterling’s advance continue? Get your $GBP market update from @ddubrovskyFX here:https://t.co/PHoCHVc20M https://t.co/NKKwqiEESG
Forex News: Sterling Bounces Back from New Lows on Bullish Developments

Forex News: Sterling Bounces Back from New Lows on Bullish Developments

Benjamin Spier, Technical Strategist

It’s been an exciting session for Cable traders.

The Pound fell to a new 4-month low, slightly above 1.5800 against the US Dollar, at the beginning of the European hours. The pair steadily fell following BoE Governor King’s comments yesterday about the possibility of giving up the central bank’s 2% inflation target for a nominal GDP target. King said he still supports the inflation target. King’s comments were referring to a statement by incoming BoE Governor Mark Carney, who said a growth target should be considered by central bankers without mentioning specific economies.

Then, as UK Prime Minister Cameron began to speak about a referendum on EU membership, GBPUSD began a rebound towards 1.5850 as Carney remained optimistic that the UK will succeed in negotiating EU treaty changes. The rally continued as high as 1.5880 when UK jobless claims fell more than expected.

The fourth quarter UK GDP will be announced on Friday, and Governor King said yesterday that he expects the economy to have depressed from Q3, which was boosted by the Olympics. In response to Cameron, German Foreign Minister Westerwelle said Germany wants ambitious reform of the Euro-area, and that he wants the UK to be an active part of the European Union.

In other economic release, Euro-zone government debt was announced at 90.0% of GDP in Q3, slightly higher than 89.9% in Q2. Also, French Finance Minister Moscovici said that France maintains a 0.8% growth forecast for 2013.

Later today, the Bank of Canada rate decision will be released at 15:00 GMT, and the bank is expected to maintain a 1.00% interest rate target.

GBPUSD Daily: January 23, 2013

Sterling_Bounces_Back_from_New_Lows_on_Bullish_Developments_body_gbpusd.png, Forex News: Sterling Bounces Back from New Lows on Bullish Developments

Chart created by Benjamin Spier using Marketscope 2.0

--- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES