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. See our updated Privacy Policy here.

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
Wall Street
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
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
More View more
Real Time News
  • Gold prices are plodding along below symmetrical triangle support, with momentum indicators starting to point lower. Get your market update from @CVecchioFX here: https://t.co/9JDAY4QlnJ https://t.co/ftL6JbIC3c
  • Ouch. S&P Global said today that El Salvador's announcement that Bitcoin was legal tender represented an 'immediate' negative credit risk to its B- standing. They warn of trouble with IMF fund access and fiscal vulnerabilities. #Bitcoin
  • 🇺🇸 Overall Net Capital Flows (JUL) Actual: $126B Previous: $32B https://www.dailyfx.com/economic-calendar#2021-09-16
  • 🇺🇸 Foreign Bond Investment (JUL) Actual: $10.2B Previous: $10.9B https://www.dailyfx.com/economic-calendar#2021-09-16
  • US equities have come under a bit of pressure recently which has played in nicely with the recent trend in the S&P 500, which has been bouncing off a key trendline support for the past year. Get your market update from @HathornSabin here:https://t.co/QIyCQJUasG https://t.co/LxuUGGY4yS
  • Heads Up:🇺🇸 Overall Net Capital Flows (JUL) due at 20:00 GMT (15min) Previous: $31.5B https://www.dailyfx.com/economic-calendar#2021-09-16
  • Heads Up:🇺🇸 Foreign Bond Investment (JUL) due at 20:00 GMT (15min) Previous: $10.9B https://www.dailyfx.com/economic-calendar#2021-09-16
  • Gold on the back foot today, but has rallied off the session low of $1,744 $XAUUSD #Gold https://t.co/PKawUT15S0
  • El Salvador's adoption of Bitcoin as legal tender has immediate negative implications for the country's credit rating - S&P Global via BBG $BTCUSD #Bitcoin
  • A stellar retail sales report takes the USD to fresh session highs and raises the probability of a more hawkish Fed at next week’s meeting. Get your market update from @JMcQueenFX here:https://t.co/upf3QgIuty https://t.co/SZaPbW5W4r
Pound Down on Brexit Deal Tumult, US Dollar May Rise on Fed-Speak

Pound Down on Brexit Deal Tumult, US Dollar May Rise on Fed-Speak

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – BRITISH POUND, BREXIT, US DOLLAR, FED, G20, TRADE WAR

  • Aussie, NZ Dollars rise with APAC stocks on G20-linked optimism
  • British Pound broadly lower as Brexit deal hopes continue to fizzle
  • US Dollar may rise as Fed comments boost rate hike expectations

The sentiment-linked Australian and New Zealand Dollars rose in Asia Pacific trade, echoing an upbeat mood on regional stock exchanges. Like yesterday, this seems to reflect hopes for de-escalation in the US vs. China trade war after presidents Trump and Xi meet at the G20 summit this weekend.

BRITISH POUND DOWN AMID BREXIT DEAL TURMOIL

The British Pound underperformed, accelerating downward toward the end of the session and just ahead of the opening bell in Europe. That seems linked to dimming prospects for passing the Brexit deal championed by Prime Minister Theresa May.

A group of prominent economists said in a joint report that Ms May’s proposal will lower UK GDP by as much as 5.5 percent per capita versus staying within the EU, while a “no-deal” Brexit could trim as much as 8.7 percent. Separately, Donald Trump said the deal on offer might hurt plans for a US/UK trade pact.

US DOLLAR MAY RISE ON FED COMMENTARY

Looking ahead, Fed-speak is likely to overshadow an uneventful economic data docket. Comments from Vice Chair Richard Clarida may prove to be most market-moving after his earlier remarks seemed to stoke speculation that the US central bank might be looking to slow the pace of interest rate hikes.

Mr Clarida said the Fed is monitoring external developments for possible headwinds but did not add Chair Powell’s oft-repeated caveat that such things will only impact policy if they alter progress on domestic objectives. The US Dollar may rise if Clarida clarifies this in favor of the status quo, as seems likely.

See our free guide to learn how to use economic news in your trading strategy!

ASIA PACIFIC TRADING SESSION

Asia Pacific Trade Economic Calendar

EUROPEAN TRADING SESSION

Pound Down on Brexit Deal Tumult, US Dollar May Rise on Fed-Speak

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

FX TRADING RESOURCES

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

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

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

DISCLOSURES