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.

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
More View more
Real Time News
  • LIVE NOW: In this session, Currency Analyst @ddubrovskyFX discusses traders' positioning as a key element of market analysis to determine the prevailing and future price trends. https://www.dailyfx.com/webinars/998956395
  • South Korea #coronavirus cases top 1,000. For perspective, it was 51 a week ago.
  • Markets after realizing they may have to contend with reignited US-China trade tensions, #coronavirus and a neutral Fed all at the same time: https://t.co/PlC75iOY13
  • The $USD may rise against the Malaysian Ringgit after Prime Minister Mahathir Mohamad resigned. Bank of Malaysia may cut rates on #coronavirus fears with fiscal stimulus uncertain. Get your market update from @ddubrovskyFX here: https://t.co/WSx7FEf6W6 https://t.co/byzavtwAo5
  • LIVE IN 30 MIN: In this session, Currency Analyst @ddubrovskyFX discusses traders' positioning as a key element of market analysis to determine the prevailing and future price trends. https://www.dailyfx.com/webinars/998956395
  • The British Pound, #Euro and Japanese #Yen rose versus the US Dollar. #Coronavirus fears sank stocks and increased #Fed rate cut bets. The $GBPUSD technical bias still points lower #USD - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/02/26/British-Pound-Euro-Yen-Gain-as-US-Dollar-Weakens-in-Tense-Session.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/qupkKdbHms
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/1:00 AM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTDaWVC https://t.co/BlxHOemKwy
  • China is "fully expected" to meet terms outlined in "Phase 1" of the US-China trade deal despite the outbreak of the #coronavirus according to top US officials (SCMP) - First Squawk Could you imagine the pandemonium if markets had to contend with #covid19 and reignited tensions?
  • The #coronavirus has revealed that these debt markets are more susceptible to economic shocks than imagined".
  • has alleviated the anxiety of a region-wide default. Consequently, investors have grown more comfortable with investing in riskier assets (both sovereign and corporate) while underwriting standards for the latter deteriorate.
UK Economy Still Struggling with Subpar Data

UK Economy Still Struggling with Subpar Data

2011-10-11 09:43:00
David Schutz,

THE TAKEAWAY -> British industry grew slightly this month, but fell more than expected last month -> market reaction muted as focus remains elsewhere

Data from the UK industrial sector was mixed today due to extensive revisions of prior figures. Industrial production (MoM) edged the prediction by rising 0.2% instead of falling by the same number; however, the gains were mitigated by a revision to the previous figure from -0.2 to -0.4. The annual figure was also slightly above the predicted loss, coming in at -1.0% versus -1.1%, but offset by a change of the previous number from -0.7% to -0.9%.

Monthly manufacturing data came in at -0.3%, slightly below the predicted -0.2%, and the loss was exacerbated by a downward revision of the prior number from 0.1% to -0.2%. Finally, although yearly manufacturing data was lower than expected (1.5% versus predicted 1.6%), we saw a net gain because the previous figure was increased from 1.9% to 2.6%.

The mixed data comes against a backdrop of mediocre-to-weak data from industrial markets across Europe, most of which has been overshadowed by broader market concerns and the possibility of a credit crisis in the near future.

The pound continued to drop against the US Dollar following the mediocre UK industrial data, a reaction caused more by a rising Dollar index than by the newly released numbers. Overall, market focus remains on macro issues and less on news releases.

Market_Alert_body_BOE.png, UK Economy Still Struggling with Subpar Data

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


News & Analysis at your fingertips.