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
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
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1cYv9t https://t.co/7Q5Y3RquIj
  • Heads Up:🇯🇵 BoJ Gov Kuroda Speech due at 05:35 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-27
  • 🇯🇵 Leading Economic Index Final (JUL) Actual: 104.1 Previous: 104.2 https://www.dailyfx.com/economic-calendar#2021-09-27
  • Crude Oil Prices Hit 2-Month High on Supply Squeeze, 2021 Top Eyed - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/09/27/Crude-Oil-Prices-Hit-2-Month-High-on-Supply-Squeeze-2021-Top-Eyed.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #OOTT #crudeoil https://t.co/Rx9kbVPlys
  • 🇯🇵 Leading Economic Index Final (JUL) Actual: 104.1 Previous: 104.6 https://www.dailyfx.com/economic-calendar#2021-09-27
  • 🇯🇵 Coincident Index Final (JUL) Actual: 94.4 Previous: 94.6 https://www.dailyfx.com/economic-calendar#2021-09-27
  • Heads Up:🇯🇵 Coincident Index Final (JUL) due at 05:00 GMT (15min) Previous: 94.6 https://www.dailyfx.com/economic-calendar#2021-09-27
  • Heads Up:🇯🇵 Leading Economic Index Final (JUL) due at 05:00 GMT (15min) Previous: 104.6 https://www.dailyfx.com/economic-calendar#2021-09-27
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqi8ZEe https://t.co/I4C6fBkYPe
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIasun https://t.co/Iqa6geONY6
Yen Aims Higher as Fed Roils Markets, Pound May Overlook BOE

Yen Aims Higher as Fed Roils Markets, Pound May Overlook BOE

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – YEN, COMMODITY CURRENCIES, STOCKS, BOE, BRITISH POUND

  • Yen up, commodity currencies down as Fed sinks APAC stocks
  • S&P 500 futures hint continued risk aversion is on the horizon
  • BOE rate decision might be a non-event for the British Pound

The anti-risk Japanese Yen rose while the sentiment-geared Australian, Canadian and New Zealand Dollars fell alongside stocks in Asia Pacific trade as regional bourses picked up a negative lead from Wall Street. The move follows a Fed monetary policy announcement that proved to be far less dovish than the markets predicted (as expected). The Kiwi underperformed on soft local GDP data.

The priced-in outlook implied in Fed Funds futures suggested investors had become unsure of seeing even one hike next year ahead of yesterday’s FOMC rate decision. For their part, Chair Powell and company dropped the reference to a likely third increase made in September’s forecast but stuck to their projection for two 25 basis point increases in 2019.

APAC shares are on pace to close down nearly 1.5 percent and bellwether S&P 500 futures are pointing sharply lower, hinting that more of the same is probably ahead. A policy call from the Bank of England tops the European calendar. It may be a non-event for the British Pound however as the growing threat of a disorderly “no-deal” Brexit keeps officials’ hands tied, at least in the near term.

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

ASIA PACIFIC TRADING SESSION

Yen Aims Higher as Fed Roils Markets, Pound May Overlook BOE

EUROPEAN TRADING SESSION

Yen Aims Higher as Fed Roils Markets, Pound May Overlook BOE

** 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