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.

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
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
Oil - US Crude
Mixed
Wall Street
Mixed
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
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
More View more
Real Time News
  • WOW Singapore Q2 GDP -41.2% on QoQ on an annualized basis. Est: -35.9% - BBG
  • This Singaporean GDP reading for the second quarter does not bode well for the 'rest of world' figures due over the next few weeks. I would not be surprised if China simply 'weathered' this global impact with Thursday's release... https://t.co/HiflgPvptk
  • 🇸🇬 GDP Growth Rate YoY Adv (Q2) Actual: -12.6% Expected: -10.5% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-07-14
  • 🇸🇬 GDP Growth Rate QoQ Adv (Q2) Actual: -41.2% Expected: -37.4% Previous: -3.3% https://www.dailyfx.com/economic-calendar#2020-07-14
  • 🇸🇬 GDP Growth Rate QoQ Adv (Q2) Actual: -41.2% Expected: -37.4% Previous: -4.7% https://www.dailyfx.com/economic-calendar#2020-07-14
  • Stay tuned for a market alert! $USDSGD https://t.co/HCVdDt3lQw
  • Heads Up:🇸🇬 GDP Growth Rate YoY Adv (Q2) due at 00:00 GMT (15min) Expected: -10.5% Previous: -0.7% https://www.dailyfx.com/economic-calendar#2020-07-14
  • Heads Up:🇸🇬 GDP Growth Rate QoQ Adv (Q2) due at 00:00 GMT (15min) Expected: -37.4% Previous: -4.7% https://www.dailyfx.com/economic-calendar#2020-07-14
  • The GBP/NZD, EUR/NZD exchange rates seem poised to reverse their respective 4-month downtrends as NZD/CHF struggles at key resistance. Get your market update from @DanielGMoss here:https://t.co/DZguLNJBjh https://t.co/10kY8PzEr9
  • $USD $DXY | "US Dollar Ripe for Volatility as Stocks Swing Amid Earnings" -via @DailyFX The Greenback caught a bid as the anti-risk currency perked up alongside the VIX 'fear-gauge' after a nasty intraday reversal staged by the S&P 500. Full Analysis- https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/07/13/us-dollar-ripe-for-volatility-as-stocks-swing-amid-earnings.html https://t.co/NbD1QLN3qk
British Pound Looks to UK GDP Data to Guide BOE Rate Hike Outlook

British Pound Looks to UK GDP Data to Guide BOE Rate Hike Outlook

2014-07-25 05:41:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • British Pound Looking to 2Q GDP to Inform BOE Interest Rate Hike Bets
  • Australian Dollar Declined Overnight as Post-CPI Correction Continued
  • Add Economic Data Releases to Your Charts with the DailyFX News App

Second-quarter UK GDP figures headline the economic calendar in European hours. Expectations suggest output grew 0.8 percent, matching the first-quarter outcome. The year-on-year growth rate is expected to accelerate to 3.1 percent, the fastest in almost seven years.

Data from Citigroup shows UK economic news-flow aggressively deteriorated relative to expectations in the three months through June, opening the door for a downside surprise. Such an outcome is likely to undermine BOE interest rate hike speculation, weighing on the British Pound.

The Australian Dollar narrowly underperformed in overnight trade, sliding as much as 0.2 percent on average against its leading counterparts. The move tracked a decline in Australia’s benchmark 10-year bond yield, hinting the selloff reflected moderation in investors’ RBA policy outlook following a surge triggered by second-quarter CPI figures.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

23:01

GBP

Hometrack Housing Survey (MoM) (JUL)

0.1%

-

0.3%

23:01

GBP

Hometrack Housing Survey (YoY) (JUL)

5.8%

-

6.0%

23:30

JPY

National CPI (YoY) (JUN)

3.6%

3.5%

3.7%

23:30

JPY

National CPI Ex-Fresh Food (YoY) (JUN)

3.3%

3.3%

3.4%

23:30

JPY

National CPI Ex Food, Energy (YoY) (JUN)

2.3%

2.3%

2.2%

23:30

JPY

Tokyo CPI (YoY) (JUL)

2.8%

2.8%

3.0%

23:30

JPY

Tokyo CPI Ex-Fresh Food (YoY) (JUL)

2.8%

2.7%

2.8%

23:30

JPY

Tokyo CPI Ex Food, Energy (YoY) (JUL)

2.1%

2.0%

2.0%

23:50

JPY

PPI Services (YoY) (JUN)

3.6%

3.6%

3.6%

1:00

NZD

ANZ Activity Outlook (JUL)

45.1

-

45.8

1:00

NZD

ANZ Business Confidence (JUL)

39.7

-

42.8

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

6:00

EUR

German GfK Consumer Confidence (AUG)

8.9

8.9

Low

8:00

EUR

German IFO - Current Assessment (JUL)

114.5

114.8

Medium

8:00

EUR

German IFO - Expectations (JUL)

104.4

104.8

Medium

8:00

EUR

German IFO - Business Climate (JUL)

109.4

109.7

Medium

8:00

EUR

Euro-Zone M3 s.a. (YoY) (JUN)

1.2%

1.0%

Low

8:00

EUR

Euro-Zone M3 s.a. (3M Avg) (JUN)

1.0%

0.9%

Low

8:30

GBP

Gross Domestic Product (QoQ) (2Q A)

0.8%

0.8%

High

8:30

GBP

Gross Domestic Product (YoY) (2Q A)

3.1%

3.0%

High

8:30

GBP

Index of Services (MoM) (MAY)

0.2%

0.3%

Low

8:30

GBP

Index of Services (3M/3M) (MAY)

1.0%

0.9%

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.3368

1.3415

1.3440

1.3462

1.3487

1.3509

1.3556

GBPUSD

1.6828

1.6915

1.6951

1.7002

1.7038

1.7089

1.7176

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES

News & Analysis at your fingertips.