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
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bearish
Wall Street
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
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
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • IGCS hints that gold prices may reverse higher as the S&P 500 aims for new highs. Things are looking a little bit more choppy for the growth-linked Australian Dollar. Get your $AUD market update from @ddubrovskyFX here:https://t.co/xiaQOr5D7D https://t.co/ZIwVyai2m2
  • The US Dollar technical outlook remains broadly bearish against ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. Where to from here? Find out from @ddubrovskyFX here:https://t.co/ijSi1wlLpQ https://t.co/k34HQK8UXU
  • San Francisco issues new stay-at-home order for residents - Reuters via BBG
  • Productive procrastination = you have a list of tasks in varying degrees of importance and you put the most important and high-priority item on the bottom but still need to feel and be productive so you do other tasks while avoiding the thing u need to do the most. Familiar?
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.61% 🇬🇧GBP: -0.12% 🇨🇭CHF: -0.13% 🇪🇺EUR: -0.22% 🇯🇵JPY: -0.34% 🇳🇿NZD: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/OgYcNSUCI2
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.59% Gold: -0.10% Oil - US Crude: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Jc0b1GCn7D
  • Despite reaching an all-time high in April 2020, USD/ZAR has steadily declined as bulls failed to maintain favor. Get your $USDZAR market update from @Tams707 here:https://t.co/32cstWfLt1 https://t.co/7RlEbk7r3I
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.50%, while traders in Wall Street are at opposite extremes with 74.56%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9Ft0XDFIEF
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.21% France 40: 0.20% Germany 30: 0.11% Wall Street: 0.02% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/57pcTwXMK1
  • RT @JoeBiden: Tune in as I deliver remarks on the final jobs report of 2020 and the state of our economy. https://t.co/JEvoHosVGv
Pound Drops on Hard Brexit Fears, US Dollar Eyes Fed-Speak

Pound Drops on Hard Brexit Fears, US Dollar Eyes Fed-Speak

2017-01-09 09:45:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • British Pound slumps as UK PM May revives “hard Brexit” fears
  • Australian Dollar follows local shares higher amid risk-on trade
  • Cautious Fed-speak may cool rate hike bets, weigh on US Dollar

The British Pound is underperforming in otherwise quiet trade at the start of the trading week, roiled by comments from UK Prime Minister Theresa May over the weekend. May rekindled worries about a “hard” Brexit – wherein the UK would lose access to the EU single market – in an interview with Sky TV. She said her priority is to negotiate the best possible UK/EU trade deal while remaining firmly outside the regional bloc rather than find ways to keep bits of membership intact.

The Aussie Dollar outperformed, rising alongside the benchmark S&P/ASX 200 stock index. The broadly upbeat tone appeared to be supportive for the sentiment-linked currency. Australian shares outperformed amid a broadly upbeat mood across Asian equity exchanges, albeit in rather thin conditions as Japanese markets remained shuttered for a holiday.

The spotlight turns to Fed commentary from here. Boston and Atlanta Fed Presidents Eric Rosengren and Dennis Lockhart are due to speak. Resurgent Fed rate hike speculation triggered by Friday’s jobs report – specifically, the jump in wage growth to a cycle high of 2.9 percent on-year – may see some pushback if their remarks mirror the cautious tone on display in minutes from December’s FOMC meeting. The US Dollar may give back some recent gains in this scenario.

See the schedule of upcoming webinars and join us LIVE to follow the financial markets!

Asia Session

Pound Drops on Hard Brexit Fears, US Dollar Eyes Fed-Speak

European Session

Pound Drops on Hard Brexit Fears, US Dollar Eyes Fed-Speak

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

--- 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