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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model. Get your market update from @ZabelinDimitri here:https://t.co/n6zwlZJmGO https://t.co/F8sLZvRG1q
  • If you missed today's session on IG Client Sentiment where I discussed the outlook for the #DowJones, $AUDUSD and $USDCAD while discussing fundamentals and technicals, check out the recording below and stay tuned for a full report! - https://t.co/2wVxhtItzX
  • Wall Street Futures Update: Dow Jones (+0.213%) S&P 500 (+0.175%) Nasdaq Composite (+0.242%) [delayed] -BBG
  • RT @margaretyjy: Watch my Bloomberg TV interview at 9:00AM Singapore time. Coming in soon! https://t.co/Z6u6offept
  • The Core-Perimeter trading model helps traders understand interactions between global economies, helping to trade the assets embedded in these relationships. Get your market update from @ZabelinDimitri here:https://t.co/dKRAo00lfA https://t.co/jw5uvZBvRx
  • Hello there, traders! It has come to my attention that there have been people pretending to be me on Twitter. If you see anyone doing so, please be sure to report them. My Twitter handle is @ZabelinDimitri. Any variation of that is an imposter. Please spread the word.
  • After approximately 100 votes, it seems that a narrow majority of participants to my poll believe Gold ($GC_F) is going to resolve its congestion with a break lower: https://t.co/NTwXu7ZaGF
  • 🇯🇵 Bank Lending YoY (JUN) Actual: 6.2% Expected: 7.2% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-07-07
  • Heads Up:🇯🇵 Bank Lending YoY (JUN) due at 23:50 GMT (15min) Expected: 7.2% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-07-07
  • The ASX 200 and AUD/JPY are at risk of losses as cases of Covid-19 continue to climb in Victoria, Australia’s second-most populous state. Get your #ASX market update from @DanielGMoss here: https://t.co/O0LNvhy4eY https://t.co/D0gLVmr3Oy
Pound May Fall on UK CPI, Yen Down as China Issues RRR Cut

Pound May Fall on UK CPI, Yen Down as China Issues RRR Cut

2018-04-18 05:00:00
Ilya Spivak, Head Strategist, APAC


  • British Pound may fall if disappointing UK CPI trims BOE rate hike bets
  • US Dollar looks to Fed Beige Book, eyeing clues of steeper tightening path
  • Yen down as China RRR cut helps boost risk appetite in Asia Pacific trade

March’s UK CPI report headlines the economic calendar in European trading hours. The headline inflation rate is expected to register at 2.7 on-year, unchanged from the prior month. The core rate excluding volatile items to measure underlying price growth trends is seen ticking up to 2.5 percent however after dropping to a seven-month low in February.

UK economic data outcomes have increasingly underperformed relative to consensus forecasts in recent months, warning that analysts’ models may be overly rosy and opening the door for another downside surprise. Such a result may clash with a recent build in priced-in BOE rate hike expectations, cooling bets on a near-term increase and sending the British Pound lower.

Later in the day, the Fed Beige Book survey of regional economic conditions comes into the spotlight. An upbeat tone echoing optimism on display in recent comments from central bank officials may inspire a steepening of the expected policy tightening path, pulling the US Dollar upward. As it stands, markets have accounted for three hikes this year and put the probability of a fourth at 30.8 percent.

The Japanese Yen underperformed in Asia Pacific trade as regional shares advanced, sapping the appeal of the standby anti-risk currency. The benchmark MSCI APAC equity index added 0.5 percent. A positive lead from Wall Street was reinforced as the PBOC unexpectedly cut reserve requirements for a range of Chinese banks by 1 percent, easing worries about tightening monetary conditions.

See our quarterly FX forecasts to learn what will drive prices through mid-year!

Asia Pacific Trading Session

Pound May Fall on UK CPI, Yen Down as China Issues RRR Cut

European Trading Session

Pound May Fall on UK CPI, Yen Down as China Issues RRR Cut

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


--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

To receive Ilya's analysis directly via email, please SIGN UP HERE

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.