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
Mixed
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
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
USD/JPY
Bullish
More View more
Real Time News
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Gold: 0.58% Silver: 0.51% Oil - US Crude: 0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bRXxRZST1Z
  • US Senate Majority Leader Chuck Schumer says there are enough votes needed to pass President Joe Biden's $1.9-trillion stimulus bill. $SPX $NDX $DJI $RUT
  • OPEC+ members reportedly said to cool down oil market with increased production. WTI crude oil prices down nearly -6% from last week's high, currently hovering around $60/bbl. $CL_F $USO #OOTT https://t.co/mvATw1o4Ws
  • OPEC+ set to cool oil market with increased production - BBG
  • Fed's Brainard: -A persistent tightening of financial conditions would be a concern -Will continue to watch market developments carefully $TNX $TLT $AGG $LQD $TIP
  • Fed's Daly -Encouraged by inflation compensation rising to 2% -Don't see runaway inflation as imminent risk -Inflations reacts less now to employment, output changes -Must not let memories of high inflation dictate policy -Will be accommodative for some time to reach goals $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.63%, while traders in Germany 30 are at opposite extremes with 71.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8c6QbKvV0R
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: France 40: 0.24% FTSE 100: 0.22% Germany 30: 0.16% Wall Street: 0.10% US 500: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sOcGz4EkJX
  • Heads Up:🇺🇸 Fed Daly Speech due at 19:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-03-02
  • https://t.co/KHPiVOm6uX
Sterling Strong as Good Housing Data Highlights Continental Weakness

Sterling Strong as Good Housing Data Highlights Continental Weakness

David Schutz,

THE TAKEAWAY: Better than expected UK housing data props Sterling against the Euro, with less than ideal numbers from the continent slowing down the single currency

Mortgage approvals in the United Kingdom rose during March, sparking a bout of strength in the Pound against the Euro and US Dollar. 49,900 mortgages were approved versus the 48,000 approvals forecasted by a team of economists.

terling_Strong_as_Good_Housing_Data_Highlights_Continental_Weakness__body_BOE.png, Sterling Strong as Good Housing Data Highlights Continental Weakness

Sterling strengthened against the beleaguered Euro as the positive UK data contrasted with less than ideal numbers from the continent. EUR/GBP fell to fresh yearly lows intraday.

Although the data encouraged some market participants, especially since in coincided with a better than expected PMI manufacturing out of the UK, the outlook for policymakers remains bleak.A GDP contraction in 2012’s first quarter has pushed the UK into its first double-dip recession since the 1970s, and pressure on UK officials is expected to increase. UK PM David Cameron has faced criticism for promoting austerity instead of stimulus, andthe Bank of England recently said growth could contract because of weak construction during the Jubilee holiday season.

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

DISCLOSURES