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
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
Bullish
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
Wall Street
Bullish
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
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 🇯🇵 Foreign Bond Investment (10/APR) Actual: ¥1714.4B Previous: ¥375.1B https://www.dailyfx.com/economic-calendar#2021-04-14
  • Heads Up:🇯🇵 Foreign Bond Investment (10/APR) due at 23:50 GMT (15min) Previous: ¥377B https://www.dailyfx.com/economic-calendar#2021-04-14
  • 5 out of 11 S&P 500 sectors ended higher, with 51.1% of the index’s constituents closing in the green. Energy (+2.91%), financials (+0.66%) and materials (+0.64%) were among the best performers, while consumer discretionary (-1.17%) and information technology (-1.15%) trailed. https://t.co/FMscTetRLb
  • The Euro has regained lost ground against its major counterparts recently. Are further gains in the offing or is this just a short-term countertrend correction? EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD key levels. Get your market update from @DanielGMoss here:https://t.co/BK1ezTva9R https://t.co/FpTQ6vUjys
  • The US Dollar may extend gains against the Thai Baht. But, its price action within USD/SGD, USD/PHP and USD/IDR seem to be favoring more range-bound trading conditions. Get your market update from @ddubrovskyFX here:https://t.co/DYCLXAFcCr https://t.co/HSQSmci2Fb
  • The Turkish central bank is on tap tomorrow. You may recall that President Erdogan removed Governor Naci Agbal about a month ago. The benchmark rate is at 19% heading in... https://t.co/GFyKzB3DfF
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 22:05 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-14
  • US CDC meeting on Johnson & Johnson shot finishes without a vote, more data needed - BBG
  • NZD/USD attempts to negate a head-and-shoulders formation after defending the March low (0.6943). Get your $NZDUSD market update from @DavidJSong here:https://t.co/QLYcoTUdCG https://t.co/y5wpl479Av
  • #Bitcoin retreats from all-time highs, down 1.5% on the day #BTC $BTCUSD https://t.co/XUZZmTrhgs
GBP Crosses Sitting at Support Following BoE- U.K. 2Q GDP in Focus

GBP Crosses Sitting at Support Following BoE- U.K. 2Q GDP in Focus

David Song, Strategist

Talking Points:

- GBP/USD Holds Near-Term Support Despite Unanimous BoE Vote

- NZD/USD Outlook Hinges on Reserve Bank of New Zealand (RBNZ) Outlook

- USDOLLAR Topping Process Remains in Focus; 10,470 in View

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10440.22

10452.06

10427.51

-0.08

93.50%

GBP/USD:

  • Slips to a fresh weekly low of 1.7022 as Bank of England (BoE) Minutes shows a 9-0 vote to retain current policy.
  • Sitting at key Fibonacci confluence around 1.7020-30; lower-high in place?
  • Markets turning attention to the BoE Inflation report due out on August 13 as there appears to be a growing rift within the Monetary Policy Committee (MPC).
  • DailyFX Speculative Sentiment Index (SSI) continues to show net-short positioning in GBP/USD as the ratio stands at -2.6125.

NZD/USD:

  • Reserve Bank of New Zealand (RBNZ) is widely expected to deliver another 25bp rate hike, but forward-guidance for monetary policy will be key focus.
  • Need greater willingness from RBNZ Governor Graeme Wheeler for another rate hike later this year.
  • According to Credit Suisse Overnight Index Swaps (OIS), 12-month expectations show the cash rate increasing by 70bp.

For more updates, sign up for David's e-mail distribution list.

GBP Crosses Sitting at Support Following BoE- U.K. 2Q GDP in Focus

Join DailyFX on Demand for Real-Time SSI Updates Across the Majors!

Read More:

Price & Time: Unbreakable

BoE Sings Dovish Tune - How Threatened are GBP Longs?

USDOLLAR Daily

GBP Crosses Sitting at Support Following BoE- U.K. 2Q GDP in Focus

Chart - Created Using FXCM Marketscope 2.0

USDOLLAR(Ticker: USDollar):

  • Dow Jones-FXCM U.S. Dollar Index remains at risk of a near-term topping process as it retains the descending channel from earlier this year.
  • Will need to see another close above 10,440 (78.6% Fibonacci retracement) to look for a more meaningful run at the 10,470 pivot.
  • A bearish break in the Relative Strength Index (RSI) may suggest that a lower-high is in place.
  • Interim Resistance: 10,508 (61.8% retracement) to 10,524 (38.2% retracement)
  • Interim Support: 10,354 (Oct. low) to 10,375 (50.0& retracement)

Release

GMT

Expected

Actual

MBA Mortgage Applications (JUL 18)

11:00

--

2.4%

DOE U.S. Crude Oil Inventories (JUL 18)

14:30

-2900K

-3969K

DOE U.S. Distillate Inventory (JUL 18)

14:30

2000K

1636K

DOE U.S. Gasoline Inventories (JUL 18)

14:30

1000K

3379K

Click Here for the DailyFX Calendar

--- Written by David Song, Currency Analyst

To contact David, e-mail dsong@dailyfx.com. Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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

DISCLOSURES