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
Mixed
Wall Street
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
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
Bullish
More View more
Real Time News
  • 🇫🇮 Unemployment Rate (DEC) Actual: 7.8% Previous: 6.9% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇫🇮 Unemployment Rate (DEC) due at 06:00 GMT (15min) Previous: 6.9% https://www.dailyfx.com/economic-calendar#2021-01-28
  • We are facing an existential question Thursday: is the enthusiasm for speculative favorites like GameStop the baseline for markets or the nascent $SPX drop ($VIX charge)? And, what can data like US 4Q GDP influence? My outlook for Thursday: https://www.dailyfx.com/forex/video/daily_news_report/2021/01/28/SP-500-Breaks-Lower-as-VIX-Soars-Will-Tesla-and-Apple-Overshadow-Gamestop.html https://t.co/ppzpUfDuGx
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 68.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/un4cXxQsln
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/j1x2s8OmBt
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.07% 🇬🇧GBP: -0.10% 🇪🇺EUR: -0.13% 🇯🇵JPY: -0.20% 🇳🇿NZD: -0.29% 🇦🇺AUD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2cAp4ZgzJr
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.20% US 500: -0.40% France 40: -0.60% Germany 30: -0.62% FTSE 100: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/snDymKUOcZ
  • AMC (6.75bln mkt cap) turned over 1.25 billion shares this past session for a 300% gain. Meanwhile Apple (2.4 tln mkt cap) only did 140 mln shares on an earnings day for a -0.8% loss
  • Will the US Dollar fall versus the Singapore Dollar, Taiwanese Dollar and Philippine Peso if a fiscal stimulus delay pressures Treasury yields? The Fed and earnings may keep risk appetite intact. Get your market update from @ddubrovskyFX here:https://t.co/Q7iRYGBcNo https://t.co/FxAL6FnUST
  • #Bitcoin starting to look extremely interesting as it carves out a Descending Triangle above $30,000 If support remains intact, a rebound back towards 33,500 looks on the cards A break of triangle resistance opening the door to a retest of the yearly high #BTC #BTCUSD https://t.co/0Su2gcNFag
IMF Cuts Its Global Growth Outlook, USD Traders Poised for Fed Minutes

IMF Cuts Its Global Growth Outlook, USD Traders Poised for Fed Minutes

Baruch Spier,

Talking Points:

  • IMF cuts the global growth forecast for 2014
  • IMF forecast comes in one day ahead of Fed minutes
  • Emerging markets growth outlook cut by 0.2%

Want to trade with proprietary strategies developed by FXCM? Find out how here.

April Forecast

January Forecast

IMF 2014 Global Growth Outlook

3.6%

3.7%

IMF 2014 US Growth Outlook

2.8%

2.8%

IMF 2014 Advanced Economies Growth Outlook

2.2%

2.2%

IMF 2014 Emerging Markets Growth Outlook

4.9%

5.1%

IMF 2014 Euro-zone Growth Outlook

1.2%

1%

IMF 2014 Japan Growth Outlook

1.4%

1.7%

The International Monetary Fund downgraded its 2014 growth outlook in an April forecast, particularly slicing its GDP expectations for Japan and cutting the emerging markets forecast amid Russia headwinds. However, the IMF did raise its growth outlook for the Euro-zone by .2 percentage points since its last January forecast.

The IMF also noted US growth as a major impulse for the global economy in the Tuesday release. The organization called for more monetary easing in the Euro-zone and said there is a 20% chance for Euro-zone deflation by year’s end.

The IMF announced its forecast just one day ahead of the release of the minutes from the March Fed meeting. Fed Chair Yellen said at the end of March that the economy will need extraordinary support for some time, but those comments contradicted her previous comments that a rate hike may come as soon as six months after a possible end to quantitative easing this fall. Therefore, US Dollar traders may look to the minutes for clarity on the Fed’s outlook on a rate hike.

Currency Analyst Christopher Vecchio said a bullish accelerant is much needed by the US Dollar right now and a hawkish Federal Reserve will do the trick.

-- Written by Baruch Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES