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
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/Bnih4YvTdg
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX! https://t.co/lxd5fZ5LG7
  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/09/26/Crude-Oil-May-Rise-as-Covid-Case-Growth-Slows-WTI-Eyes-OPEC-Outlook-Evergrande.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/76e2aGf3p0
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4Cnoc1dk0 https://t.co/NhsMS1EY4b
  • We are heading into the final trading days for the month of September and event risk thins out amid the $SPX's rebound. This is what history says for the 39th week of the year and here is my take on the variable factors: https://www.dailyfx.com/forex/video/daily_news_report/2021/09/25/SP-500-and-Dollar-Have-Different-Views-for-Last-Week-of-September.html https://t.co/4OBVmrvI7I
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today: https://www.dailyfx.com/free-trading-guides?ref-author=social#forecastschoices=AUD?QPID=30472&CHID=9 https://t.co/LHJi7CNFmM
  • $EURUSD https://t.co/KZyXX6p2oI
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh8pYG3 https://t.co/1zNf5dpDjU
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/z8z6BNudn5
  • #PELOSI SAYS WE ARE GOING TO PASS THE INFRASTRUCTURE BILL THIS WEEK PELOSI SAYS SHE WILL NEVER BRING TO THE HOUSE FLOOR A BILL THAT DOESN'T HAVE THE VOTES TO PASS $USD $SPX $XAUUSD
Market Vibrations: News and Commentary from the Europe Desk (1230 GMT)

Market Vibrations: News and Commentary from the Europe Desk (1230 GMT)

Research, Research Team

LATEST REPORT: "Morning Slices"

1230 GMT: The Greek saga continues with a Greek government spokesman echoing the EU comission's earlier comments saying the talks with hopefully be completed this week. Meanwhile, the UK's Cameron has echoed Merkel's comments earlier, saying the question of further IMF funds should not arise until the Eurozone takes proper action to fix the crisis at its root. Stay tuned for the Fed meeting event risk later in the US session. No policy changes are expected, but market participants will be looking to the Fed to gauge further steps down the road.

1125 GMT: Germany's Merkel weighing in with comment on the Euro debt crisis, predictably saying that Eurobonds are not a viable option at this time (presumably, Germany does not want to be weighed down by weak credit on the EZ periphery). Merkel also rejected "expensive stimulus programs" for Europe, and stated that throwing money into ailing economies isn't going help anything unless the roots of the problem are fixed. Meanwhile, the EU comission has thrown some optimism into the picture, saying Greek PSI deal possible in January. Nothing concrete there though. Also the UK CBI monthly trends survey has come out slightly stronger than expected on orders and sales, while business optimism "beat" the previous figure -25 to -30.

0958 GMT: Underscoring the growth issues currently affecting the UK, gross domestic product fell more than expected in 2011’s third quarter. The UK statistics office today said GDP fell -0.2% QoQ, more than the expected -0.1% drop. Concurrently, the BoE minutes release showed that some BoE members said that further quantitative easing measures are “likely.” The BoE’s current asset purchase target stands at GBP 295bln. An increase in quantitative easing would cause decreased Sterling value, but would also stimulate growth by infusing the market with liquidity. The BoE minutes also showed unanimous votes on asset purchase and interest rates.

0927 GMT: German IFO survey shows improving economic sentiment in Germany. The headline business climate indicator came in at 108.3; markets were expecting a reading of 107.6. The previous figure was revised upward to 107.3. The IFO cited internal demand and the rising US economy as the surge's catalyst, but tempered its report by saying it's too early to take German upswing for granted. EURUSD bounced on the news.

0750 GMT: IMF's Lagarde with some positive comments for 2012 saying this year could be better for all world economies including US, EU, and Japan if proper decisions are taken. Lagarde also said the situation in Greece is very serious and advocated unifying the ESM and EFSF to infuse Europe with a much-needed dose of market confidence. Stay tuned for Fed decision later today.

0714 GMT: Japan has posted an annual trade deficit in 2011 for the first time since 1980, a negative development for the Japanese export sector which could be attributed to an "artifically" strong Yen in recent times. Meanwhile, the ECB remains under pressure from the IMF and the financial industry to take a battering on Greek debt. Greek PSI developments remain paramount and will be reported here in real-time.

0606 GMT: Currencies haven’t really moved yet today and the projection is that the US Dollar will attempt to consolidate recent losses. The Euro is seen moving higher in coming sessions, however, before moving back down below recent lows at 1.2627. Asian session highlights included Aussie inflation coming in not as soft as expected, a development which shortens the odds of a rate cut coming out of the next RBA meeting in February. Gold was at $1665/oz, while oil was at $99.30/bbl.

Market Vibrations is a new DailyFX feature which follows the European trading session with real-time updates and breaking news and analysis. It is updated regularly, so check back for the latest FX developments.

http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/opening_comment/2012/01/25/Fed_Decision_Comes_into_Focus_Policy_Outlook_to_Influence_USD_Direction.html

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

DISCLOSURES