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.

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
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
Mixed
Wall Street
Mixed
Gold
Bearish
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
More View more
Real Time News
  • The British Pound may fall if EU and UK negotiators fail to reach a consensus as the December 31 deadline nears. The third presidential debate is on deck, how might markets react? Find out from @ZabelinDimitri here:https://t.co/kDSYzBDA3t https://t.co/7bZVhygGzW
  • 6 out of 9 Dow Jones sectors closed in the green, with 73% of the index’s constituents ending higher on Thursday. Energy (+3.57%), financials (+1.99%) and industrials (+1.93%) were leading, whereas information technology (-0.52%) and consumer staples -0.49%) were lagging. https://t.co/ClzN5LtWLG
  • The Dow Jones, S&P 500 and AUD/USD could be at risk of extending losses as retail investors increase upside exposure. What are key technical levels to watch for? Find out from @ddubrovskyFX here:https://t.co/ivQmFUTGdU https://t.co/aTLUtE6OaE
  • 🇯🇵 Inflation Rate Ex-Food and Energy YoY (SEP) Actual: 0.0% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2020-10-22
  • 🇯🇵 Inflation Rate YoY (SEP) Actual: 0.0% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-10-22
  • Heading into the final US Presidential debate with a market that seems to be distinctly focused on the November 3rd election - or its implications including a US stimulus deal potential - two-thirds of people in my poll don't think it will factor into heavy Friday volatility: https://t.co/dArCxCWwAn
  • 🇯🇵 Core Inflation Rate YoY (SEP) Actual: -0.3% Expected: -0.4% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-10-22
  • Heads Up:🇯🇵 Inflation Rate Ex-Food and Energy YoY (SEP) due at 23:30 GMT (15min) Previous: -0.1% https://www.dailyfx.com/economic-calendar#2020-10-22
  • Heads Up:🇯🇵 Core Inflation Rate YoY (SEP) due at 23:30 GMT (15min) Expected: -0.4% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-10-22
  • Heads Up:🇯🇵 Inflation Rate YoY (SEP) due at 23:30 GMT (15min) Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-10-22
Dollar and Yen to Rise as Aussie Falls if FOMC Stokes Rate Hike Bets

Dollar and Yen to Rise as Aussie Falls if FOMC Stokes Rate Hike Bets

2014-09-17 02:48:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Pound May Look Past BOE Minutes as Scotland Referendum Looms Large
  • US Dollar and Yen to Rise as Aussie Declines if FOMC Stokes Rate Hike Bets
  • See Economic Releases Directly on Your Charts with the DailyFX News App

The publication of minutes from September’s Bank of England policy meeting headlines the economic calendar in European trading hours. Investors will be watching for the continued evolution of the voting pattern on the rate-setting MPC committee following Augusts’ split 7-2 decision.

UK economic news-flow has broadly improved relative to consensus forecasts and commentary from BOE officials has been broadly supportive over recent weeks. This means that it is quite possible that the hawks added new members to their ranks this month.

While such an outcome may offer a short-term boost to the British Pound, significant follow-through seems unlikely. Indeed, traders are likely to withhold directional conviction until the outcome of this week’s Scottish Independence referendum is behind them.

Later in the day, the spotlight turns to the FOMC policy announcement. This outing will be accompanied by release of an updated set of forecasts for key metrics of US economic activity as well as press conference from Chair Janet Yellen.

The Fed has warned about complacently buoyant risk appetite as the end of QE3 looms ahead next month. If policymakers opt to shake things loose with upbeat activity projections and/or a hawkish outing from Ms Yellen, the US Dollar may renew its advance after yesterday’s pullback.

Critically, the onset of risk aversion may also materialize if traders perceive the Fed’s tone as having shifted toward the hawkish side of the spectrum. Successive rounds of QE have proven supportive for risk appetite. Fear of a relatively sooner unwinding of stimulus may reverse this dynamic, with sentiment-geared Australian, Canadian and New Zealand Dollars likely to bear the brunt of selling pressure while the Yen gains amid an unwinding of carry trades.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

22:45

NZD

Current Account Balance (NZ$) (2Q)

-1.000B

-1.065B

1.468B

22:45

NZD

Current Account GDP Ratio (2Q)

-2.5%

-2.5%

-2.7%

0:30

AUD

Westpac Leading Index (MoM) (AUG)

-0.1%

-

-0.1%

1:45

CNY

MNI Business Indicator (SEP)

52.2

-

57.3

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

6:00

EUR

EU 25 New Car Registrations (YoY) (AUG)

-

4.5%

Low

8:30

GBP

Bank of England Sep Meeting Minutes

-

-

High

8:30

GBP

Claimant Count Rate (AUG)

2.9%

3.0%

Medium

8:30

GBP

Jobless Claims Change (AUG)

-30.0K

-33.6K

Medium

8:30

GBP

ILO Unemployment Rate (3M) (JUL)

6.3%

6.4%

Medium

8:30

EUR

Employment Change (3M/3M) (JUL)

120K

167K

Low

8:30

GBP

Average Weekly Earnings (3M/Y) (JUL)

0.5%

-0.2%

Low

8:30

GBP

Weekly Earnings ex Bonus (3M/Y) (JUL)

0.7%

0.6%

Low

9:00

EUR

Eurozone CPI (MoM) (AUG)

0.1%

-0.7%

Medium

9:00

EUR

Eurozone CPI (YoY) (AUG F)

0.3%

0.3%

Medium

9:00

EUR

Eurozone CPI - Core (YoY) (AUG F)

0.9%

0.9%

Medium

9:00

EUR

Eurozone Construction Output (MoM) (JUL)

-

-0.7%

Low

9:00

EUR

Eurozone Construction Output (YoY) (JUL)

-

-2.3%

Low

9:00

CHF

ZEW Survey (Expectations) (SEP)

-

2.5

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.2815

1.2887

1.2924

1.2959

1.2996

1.3031

1.3103

GBPUSD

1.5950

1.6100

1.6189

1.6250

1.6339

1.6400

1.6550

--- 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