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
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
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • BTC/USD continues to move away from all-time-high. Get your $BTC USD market update from @HathornSabin here:https://t.co/Sdn1MYKJUI https://t.co/Rg5m1u3vUH
  • These companies are all set to report earnings next week. Which of the reports has the most market-moving potential?
  • The Dow and S&P500 edge slightly back into the green in afternoon trading, joining the Nasdaq. The Russell 2000 remains in the red. DOW +0.03% NDX +0.49% SPX +0.07% RUT -0.81% $DOW $QQQ $SPY $IWM
  • $EURUSD is up slightly today after no changes in the ECB's policy stance, rising from around 1.2120 to currently trade around 1.2150. The pair remains notably off the 1.2300 levels hit earlier this month. $EUR $USD https://t.co/prVZJHYeet
  • Risk trends have definitely throttled back today suggest, which further suggests yesterday was a relief rally. But there remains a notable pace advantage of the tech-based Nasdaq to broader $SPX. Still the core of speculative appetite chasing momentum https://t.co/Mbinh0d0vS
  • ECB is said to be seeking new gauges to help with stimulus decisions - BBG. #ECB $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 71.02%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3l38C71A5Y
  • The price of gold turned sharply higher Wednesday, aided by a weaker US dollar, and the precious metal is now running into a cluster of resistance which may prove tricky to overcome in the short-term. Get your $XAUUSD market update from @nickcawley1 here:https://t.co/QXImirPhig https://t.co/7NHSYSG6wr
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: -0.38% Gold: -0.46% Oil - US Crude: -0.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wjD8G0OKGh
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.42% 🇨🇭CHF: 0.31% 🇪🇺EUR: 0.28% 🇦🇺AUD: -0.01% 🇯🇵JPY: -0.06% 🇨🇦CAD: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/p6eJQtcP7a
Pound May Look Past UK GDP Data, Jackson Hole Firmly in Focus

Pound May Look Past UK GDP Data, Jackson Hole Firmly in Focus

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • British Pound seems likely to overlook revised Q2 UK GDP figures
  • Jackson Hole symposium will probably overshadow US data flow
  • Yen gently lower after Trump-inspired surge in quiet AsiaPac trade

A revised set of second-quarter UK GDP data headlines an otherwise quiet European economic calendar. Preliminary forecasts showing output added 0.3 percent in the three months to June are expected to be confirmed. Absent a major deviation from expectations, the outcome seems unlikely to trigger a lasting response from the British Pound considering its limited implications for near-term BOE policy.

A smattering of US statistics are due to hit the wires later in the day but the second-tier releases on offer are likely to be overshadowed by the start of the Fed’s annual monetary policy symposium in Jackson Hole, Wyoming. Heavy-hitting speeches from Chair Yellen and ECB President Mario Draghi are due Friday and investors will likely opt against making strong direction bets until those have passed.

The G10 FX majors put in a mixed performance in Asia-Pacific trade. The Japanese Yen corrected gently lower having soared against a backdrop of risk aversion in the preceding session. The perennially anti-risk currency hit a two-month high against an average of its major counterparts after a worrying speech from US President Donald Trump at a rally in Phoenix, Arizona soured market sentiment.

What is the #1 mistake that FX traders make and how can you fix it? Find out here!

Asia Session

Pound May Look Past UK GDP Data, Jackson Hole Firmly in Focus

European Session

Pound May Look Past UK GDP Data, Jackson Hole Firmly in Focus

** 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