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
GBP/USD
Bearish
USD/JPY
Mixed
Gold
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
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.20%, while traders in France 40 are at opposite extremes with 82.49%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/sCyvK3iy6d
  • The $USD gained versus SGD and IDR despite a “risk-on” tone in markets, boosted by strong declines in the Euro. What is the week ahead for USD/SGD, USD/IDR, USD/PHP and USD/MYR? Get your market update from @ddubrovskyFX here: https://t.co/3zCSbkEQ2c https://t.co/uFdMkQrZtZ
  • RT @SaraWalker_IG: Watch Anglo American at the open $AAL after higher #PALLADIUM prices boosted results, FY profit up 9% in line with estim…
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.05% Gold: -0.14% Silver: -0.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Vctc4lToMc
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.00% 🇪🇺EUR: -0.14% 🇨🇦CAD: -0.18% 🇯🇵JPY: -0.33% 🇦🇺AUD: -0.58% 🇳🇿NZD: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/oCl2xnI9yd
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: 0.11% Wall Street: 0.10% France 40: 0.01% Germany 30: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/UWRcuQLyJ0
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/7NYdsv43yx
  • European Opening Calls From IG: #FTSE 7450 -0.09% #DAX 13774 -0.11% #CAC 6103 -0.13% #AEX 628 -0.22% #MIB 25419 -0.23% #IBEX 10067 -0.17% #STOXX 3857 -0.22%
  • Heads Up:🇨🇭 CHF Industrial Output w.d.a. (YoY) (4Q) due at 07:30 GMT (15min), Actual: N/A Expected: N/A Previous: 8.0% https://www.dailyfx.com/economic-calendar#2020-02-20
  • GBP/USD Technical Analysis: British Pound Trend Reversal in Play - https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2020/02/20/GBPUSD-Technical-Analysis-British-Pound-Trend-Reversal-in-Play.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #GBPUSD #technicalanalysis https://t.co/R74kxDFLc7
British Pound Poised to Extend Gains as Jobless Rate Hits 15-Month Low

British Pound Poised to Extend Gains as Jobless Rate Hits 15-Month Low

2010-07-14 04:45:00
Ilya Spivak, Sr. Currency Strategist
Share:

Key Overnight Developments

• New Zealand Retail Sales Underperform, House Sales Fall Most Since Jan’09
Aussie Down on GDP Outlook Downgrade Despite Consumer Confidence Gain

Critical Levels

euroopen071420101

The Euro slipped 0.1 percent in overnight trade, pulling back as markets digested NY-session gains. The British Pound added 0.3 percent ahead of June’s employment report (see below). We remain flat EURUSD and GBPUSD.

Asia Session Highlights

euroopen071420102

Major currencies consolidated in overnight trade as a mixed batch of economic news countered cues from buoyant stock performance. The MSCI Asia Pacific regional benchmark index surged 1.6 percent, with technology shares leading exchanges higher after Intel posted the best quarterly performance on record.

New Zealand’s Core Retail Sales – adjusted to exclude volatile auto-related purchases, particularly fuel – slumped 0.2 percent in June, disappointing expectations calling for a 0.6 percent increase and marking the second consecutive decline. A separate report from REINZ showed House Sales fell 24.3 percent from the previous year, the most since January 2009.

Australian Consumer Confidence jumped 11.1 percent – the most in 13 months – according to a report from the Westpac Banking Group, but this seemed to be largely overlooked after the government revised down its 2010-11 economic growth forecast to 3 percent, down from 3.25 percent reported in May. The sharp jump in sentiment may owe to the ouster of increasingly unpopular Prime Minister Kevin Rudd and his replacement with Julia Gillard.

Euro Session: What to Expect


euroopen071420103

UK unemployment data headlines the economic calendar in European hours, with Jobless Claims expected to decline 20,000 in June as the jobless rate drops to 4.5 percent – the lowest in 15 months. The British Pound has been the top performer this week ahead of the release, with economic data taking on added significance while the markets wait for greater clarity on monetary policy with next week’s release of the minutes from July’s Bank of England meeting.

The rate decision, the first one since the government announced an ambitious emergency budget that promised to slash the deficit by 6.3 percent of GDP by 2014-15, proved to be a non-event as Mervyn King and company kept policy unchanged and offered no statement to explain their reasoning. By some accounts, this could be seen as a sign of the central bank’s skepticism about the feasibility of the ruling coalition’s plans, though in the meantime a positive tilt to economic data would help fill the fundamental bias vacuum and may encourage further sterling gains in the near term.


For real time news and analysis, please visit http://www.dailyfx.com/real_time_news

To receive future articles by email, please contact Ilya at ispivak@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.