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
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
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • 🇨🇭 Unemployment Rate (FEB) Actual: 3.6% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2021-03-08
  • USD/HKD edged higher as stock market melted down.. Capital outflow? https://t.co/isRXrgVIlv
  • Heads Up:🇨🇭 Unemployment Rate (FEB) due at 06:45 GMT (15min) Previous: 3.7% https://www.dailyfx.com/economic-calendar#2021-03-08
  • 🇯🇵 Eco Watchers Survey Outlook (FEB) Actual: 51.3 Previous: 39.9 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Gold, Crude Oil Price Forecast: Edging Higher on the Back of Stimulus, Saudi Oil Facility Attack https://www.dailyfx.com/forex/market_alert/2021/03/08/Gold-Crude-Oil-Price-Forecast-Edging-Higher-on-the-Back-of-Stimulus-Saudi-Oil-Facility-Attack.html https://t.co/ZXrwjTaK3W
  • 🇯🇵 Eco Watchers Survey Current (FEB) Actual: 41.3 Previous: 31.2 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/ZdQnb2WoEc
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (FEB) due at 06:00 GMT (15min) Previous: 39.9 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Heads Up:🇯🇵 Eco Watchers Survey Current (FEB) due at 06:00 GMT (15min) Previous: 31.2 https://www.dailyfx.com/economic-calendar#2021-03-08
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.46%, while traders in France 40 are at opposite extremes with 76.00%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7GEejdJ4ZR
Central Banks, IMF Monitor Emerging Markets for Spillover Affects

Central Banks, IMF Monitor Emerging Markets for Spillover Affects

Bradley A. Kearns,

Talking Points:

  • Many policy figures have spoken to the concern of emerging markets over the months
  • IMF Director Largade is bullish on India and thinks China will miss hard landing
  • BoE, ECB, Fed all see potential domestic risks from developing nations

Are you losing money in trading? The “Traits of Successful Traders” may explain why.

A range of policy officials expressed concern over the health of the global outlook in various speeches through Thursday’s trading session. IMF Managing Director Christine Largarde expressed her worries over emerging markets (EM) during a speech at the University of Maryland. She noted that the slowdown and outflows coming from these economies are worrisome.

Largarde made references to particular countries. She said the IMF is bullish on India, saying that low energy prices is a benefit for the nation; and that the country should do well if the reforms from Prime Minister Modi are passed. Perhaps looking to assuage market fears, she expected China’s transition to a service oriented economy should occur smoothly and without a hard landing granted the use of correct policies to guide it. The IMF is also closely watching Nigeria - a country negatively affected by the oil shock - and will lend assistance if needed.

Central bank heads, such as Bank of England Governor Mark Carney and European Central Bank President Mario Draghi, had also discussed the potential downside risks of developing countries. After the BoE’s February rate decision, Carney said that China’s rebalancing of its economy poses dangers and that global financial conditions have deteriorated. Draghi believes that the risk sentiment towards EM may shift swiftly.

The Federal Reserve saw two of its members speak about the international landscape during the trading session. Dallas Fed President Robert Kaplan (non-voter in 2016) said the central bank is monitoring global conditions to see if they impact GDP, employment and inflation. He did note that foreign developments have subdued the appetite for policy normalization. His beliefs found some common ground with his Cleveland Fed President colleague Loretta Mester – a voting member. She said that the global outlook and market turmoil pose risks to the US, but she maintained further withdrawal of accommodation was still warranted.

Emerging Market

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

DISCLOSURES