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
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • $GBPUSD crossed back above 1.3600 as the pair recovers from weakness yesterday and last week. The 1.3600 area has repeatedly come into play on the pair since mid December. $GBP $USD https://t.co/7uKgTrerg6
  • BoE Chief Economist Haldane: - Bounceback from Covid may be sharper than after financial crisis - BoE is not engaging in monetary financing - QE is temporary action to keep borrowing costs low #BoE $GBP
  • US Indices have held onto their earlier gains as the trading day continues. DOW +0.51% NDX +1.35% SPX +0.82% RUT +1.15% $DOW $QQQ $SPY $IWM
  • The price of gold trades below the 50-Day SMA ($1859) once again as the V-shape recovery from the November low ($1765) unravels. Get your $XAUUSD market update from @DavidJSong here:https://t.co/UrQKgi3VJR https://t.co/g6SpuXwrv0
  • webinar starting right now - topics up for discussion today: 1. Did USD just top? 2. Resistance at prior support EUR/USD 3. How long might USD pullback run for? starting right now - https://www.dailyfx.com/webinars/455809179 https://t.co/didg11SWgq
  • Treasury Sec. nominee Yellen: Cryptocurrencies are of a particular concern for money laundering and terrorists financing. $BTC
  • Treasury Sec. nominee Yellen: Low interest rates are "likely for a long time." $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 66.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PRnsvqwD8B
  • Heads Up:🇬🇧 BoE Haldane Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-19
  • Heads Up:🇮🇹 Italy PM Confidence Vote in Parliament due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-19
British Pound Volatility Ahead as Super Thursday Gets Underway

British Pound Volatility Ahead as Super Thursday Gets Underway

Ilya Spivak, Head Strategist, APAC

Talking Points:

All eyes are on the Bank of England as traders brace for so-called “Super Thursday”. Officials will unveil the latest edition of the quarterly Inflation Report (QIR) – a guide for where policy will steer in the months ahead – as well as a monetary policy announcement and minutes from the MPC meeting that produced it. Governor Mark Carney will also hold a press conference.

Central bank officials find themselves in a difficult position. Hopes for a smooth Brexit process are fading after June’s snap election stripped Prime Minister May of parliamentary majority and economic growth undershot MPC forecasts in the first half of the year. That would argue against tightening if not for soaring inflation and growing stability risks posed by rapid consumer credit growth.

Markets see a rate increase becoming more likely than not in the first quarter of next year. If Carney and company seem worried that recent price gains might be sticky as the labor tightens or turn up the volume on financial stability concerns, a sooner hike might appear more likely. That will probably boost the British Pound. Alternatively, an emphasis on Brexit risks and sluggish growth could hurt the UK unit.

US news-flow comes into the spotlight later in the day, with the service-sector ISM survey as well as factory and durable goods orders statistics due to cross the wires. Comments from St. Louis and Minneapolis Fed branch presidents James Bullard and Neel Kashkari are also on tap. US Dollar follow-through seems unlikely whatever happens however as July’s much-anticipated jobs report looms on Friday.

Retail traders expect GBP/USD to fall. Find out here what that hints about the actual price trend!

Asia Session

British Pound Volatility Ahead as Super Thursday Gets Underway

European Session

British Pound Volatility Ahead as Super Thursday Gets Underway

** 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