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
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
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
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.20% 🇬🇧GBP: 0.20% 🇪🇺EUR: 0.06% 🇳🇿NZD: -0.00% 🇯🇵JPY: -0.05% 🇦🇺AUD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/cLSIr0JzHI
  • DAX 30 Index May Fall as Germany Extends Nationwide Partial Lockdown - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/11/30/DAX-30-Index-May-Fall-as-Germany-Extends-Nationwide-Partial-Lockdown.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $DAX #DAX30 #GER30 https://t.co/KlKH99Yya4
  • 🇨🇭 KOF Leading Indicators (NOV) Actual: 103.5 Expected: 101 Previous: 106.6 https://www.dailyfx.com/economic-calendar#2020-11-30
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.48% Germany 30: -0.52% France 40: -0.60% US 500: -0.73% Wall Street: -0.87% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/1BDhkhOZcT
  • Gold - 50% Fib retracement holds at first attempt.. the chart still looks messy. #gold #xau #xauusd @DailyFXTeam https://t.co/fpIidCLWLr
  • Heads Up:🇨🇭 KOF Leading Indicators (NOV) due at 08:00 GMT (15min) Expected: 101 Previous: 106.6 https://www.dailyfx.com/economic-calendar#2020-11-30
  • Heads Up:💶 Eurogroup Video Conference due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-30
  • 🇨🇭 Retail Sales YoY (OCT) Actual: 3.1% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-11-30
  • Heads Up:🇨🇭 Retail Sales YoY (OCT) due at 07:30 GMT (15min) Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-11-30
  • The AB=CD pattern is simple once you know how to spot it and draw the proper Fibonacci retracements. Make your trading strategy as simple as ABCD here: https://t.co/AKmlmaAZBS https://t.co/MLaA3Tgqlb
Pound May Rise on Carney Comments, US Dollar Eyes Trump Presser

Pound May Rise on Carney Comments, US Dollar Eyes Trump Presser

2017-01-11 06:24:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Pound may rise as BOE’s Carney keeps open mind on rate hikes
  • US Dollar looks to Trump presser for economic policy specifics
  • Yen down as Japan’s stocks rise, Aussie Dollar gains with yields

Testimony from Bank of England Governor Mark Carney before Parliament’s Treasury Select Committee is in focus in European trading hours. Realized and expected UK inflation are on the rise and Carney will probably get grilled about why this does not warrant tightening. This may translate into a conversation about the negative effects of Brexit-related uncertainty.

Brexiteer MPs are vocal members of the committee and have a long history of challenging Carney, who openly cautioned that exiting the EU would probably hurt economic growth ahead of the fateful referendum last year. Similar pressure this time around may see him reiterate that the BOE is prepared to pull back on stimulus if price growth appears more than transitory, which might boost the British Pound.

Later in the day, the spotlight will turn to President-elect Donald Trump as he holds his first formal press conference in almost six months. Traders will look for details on economic plans that has been expected to ramp up inflation and speed up the pace of Fed interest rate hikes, driving the US Dollar to 14-year highs. This so-called “Trump trade” has struggled lately amid uncertainty about policy specifics.

The Yen underperformed as Japanese shares advanced in overnight trade, pressuring the perennially anti-risk currency. The Australian Dollar outperformed against a backdrop of rising local bond yields, hinting that a modest intraday improvement in the RBA policy outlook may have accounted for gains. Still, the priced-in outlook implied in OIS rates shows markets do not expect a rate hike in the next 12 months.

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

Asia Session

Pound May Rise on Carney Comments, US Dollar Eyes Trump Presser

European Session

Pound May Rise on Carney Comments, US Dollar Eyes Trump Presser

** 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