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
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
Mixed
Gold
Bearish
GBP/USD
Mixed
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
USD/JPY
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
  • US 10yr Treasury auction: - Yield 1.680%, WI 1.678% (prev. 1.523%) - 19.14% at high (prev. 27.17%) - Bid-to-Cover: 2.36 (prev. 2.38) $USD
  • Fed's Rosengren: - Expects "unusually strong post-pandemic recovery" - Running economy hot for prolonged periods has risks - Highly accommodative policy is currently appropriate - Financial stability risks are a threat in next recession #Fed $USD
  • ECB's Centeno: - Support measures should stay in place while needed - Premature removal of stimulus may result in substantial costs #ECB $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.09%, while traders in France 40 are at opposite extremes with 74.96%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wxHvel5wMw
  • Heads Up:🇺🇸 Fed Rosengren Speech due at 17:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-12
  • - Fed will be less preemptive on reacting to inflation - I do think we'll get more inflation this year
  • #Gold has continued to step back from the one month high hit around 1,755 last week, dropping to a fresh six day low around the 1,730 level today. $XAU $GLD https://t.co/I3qpQ1k7MR
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.54% Gold: -0.69% Silver: -1.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/oC1w9BWJTn
  • - Hopeful that the economy can switch to high-productivity growth after the pandemic - Appetite for holding liquid government debts is insatiable and this trend does not look to be reversing
  • USD/CAD attempts to retrace the decline following the update to Canada’s Employment report in an effort to retain the opening range for April. Get your $USDCSD market update from @DavidJSong here:https://t.co/TZ7s4X1VXF https://t.co/aqycOmCINp
Sterling Boosted by a Revised UK GDP Estimate

Sterling Boosted by a Revised UK GDP Estimate

Benjamin Spier, Technical Strategist

THE TAKEAWAY: UK GDP revised higher to -0.4% -> BoE’s Fisher says inflation higher than initially estimated -> Sterling erases earlier losses

The UK economic contraction during the second quarter was not as bad as initially estimated, according to the final gross domestic product estimate. The GDP was revised to -0.4% in Q2 from a previous estimate of -0.5%. The quarter’s GDP remained 1.5% lower than Q2 2012 according to the Office for National Statistic’s revised estimate.

The GDP is still reported as contracting for the third straight quarter, meaning that the UK continued a technical recession in the second quarter. Total business investment rose 0.9% in the second quarter, and was 3.1% higher than Q2 of 2011. BoE member Paul Fisher said earlier today that the UK GDP will be strong in the third quarter, but inflation will also be higher than the bank expected, due to rising energy prices.

Following the better GDP estimate, Sterling erased earlier losses that came after Fisher’s comments about inflation. $GBPUSD rose back towards 1.6200, where resistance could be provided by the key figure. Support could be provided by a year-long downward trend line near 1.6110.

GBPUSD 15-minute: September 27, 2012

Sterling_Boosted_by_a_Revised_UK_GDP_Estimate_body_gbpusd.png, Sterling Boosted by a Revised UK GDP Estimate

“Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.”

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

DISCLOSURES