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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
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
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
  • (Weekly Fundamental Outlook) The medium-term #gold outlook still seems favorable as the #Fed, ECB and more keep rates around 0. Immediate event risk ahead includes the RBA and BoC interest rate decisions, US jobs data and #Brexit talks #XAUUSD - https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/05/30/Gold-Prices-Face-RBA-BoC-ECB-US-Jobs-Data-and-Brexit-Talks.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/m8sRNc4L5H
  • U.K. Eurozone Czech Poland Germany Italy France Spain Indonesia Hong Kong Singapore Japan Unemployment stats: US Eurozone
  • Hello there, traders! Heads up: we have got a data-packed week ahead of us. Here are the highlights: Central bank rate decisions: - BOC - ECB Markit PMI data out of: China US Vietnam Malaysia South Korea Philippines Thailand Taiwan India Turkey (continued⬇️)
  • The European Commission proposed an ambitious recovery fund, containing the key parts of the Franco-German aid package with grants at EUR 500bln and loans at EUR 250bln. Get your $EURUSD update from @JMcQueenFX here: https://t.co/LmIaveRajb https://t.co/LWTBVLIDBf
  • The trio of central banks overseeing the commodity currencies have already cut their main rates to all-time lows. Get your market update from @CVecchioFX here: https://t.co/OSUXrN5P3j https://t.co/3nwDel6e28
  • The tension from March continues to subside, allowing for the $USD to slide to fresh two-month-lows. Get your currencies market update from @JStanleyFX here: https://t.co/bRSRjUqg6Z https://t.co/Q35YpIZEd2
  • López Obrador hopes #USMCA will help tighten trade relationships between the US and Mexico. Get your currencies market update from @HathornSabin here: https://t.co/bZrUKSCGaS https://t.co/MZ7UoiWWRj
  • The $AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal. Get your market update from @ZabelinDimitri here: https://t.co/LkEFJViPWY https://t.co/sofO135ElG
  • The US Dollar could rise against #ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data. Get your ASEAN currencies market update from @ddubrovskyFX here:https://t.co/LkEFJViPWY https://t.co/ZGFaQQ3Hr2
  • The #Euro is the big driver here for DXY as it is 57% of the index. It is rising now and trying to break above the March 27 high at 11147. Get your $EURUSD technical analysis from @PaulRobinsonFX here:https://t.co/6gt3F9LuGP https://t.co/73SaL5AeXD
GBP/USD Little Changed After the UK CPI Figures Miss Expectations

GBP/USD Little Changed After the UK CPI Figures Miss Expectations

2016-06-14 09:31:00
Oded Shimoni, Junior Currency Analyst
Share:

Talking Points:

- The British Pound was little changed versus the US Dollar

- UK’s Core CPI at 1.2%, below expectations

- Headline CPI prints 0.3% year-on-year versus 0.4% expected

Learn good trading habits with DailyFX’s “Traits of successful traders” series

The British Pound was little changed versus the US Dollar (at the time this report was written), after the UK’s Consumer Price Index (CPI) printed figures below expectations.

Headline CPI showed an annual rise of 0.3% percent, below the expected reading of 0.4%, unchanged from the prior print. The month on month figure came below expectations as well by printing 0.2% versus the expected figure of 0.3%, but was above the prior 0.1%.

Core CPI, which excludes volatile factors such as food, energy, alcohol, and tobacco, was unchanged at 1.2% versus the expected 1.3% print.

Looking into the report, the Office for National Statistics said that rises in transport costs, restaurant, hotel bills and telecommunication services were the main upward contributors to change in the rate, but were offset by falls in the price of clothing, food, games, toys and hobbies.

CPI readings are a key measure for the BoE in deciding appropriate monetary policy. In “normal” trading conditions, higher CPI readings could have been interpreted as contributing to a more hawkish BoE outlook, while a miss to expectations as contributing to a more dovish view. With that being said, the market seems to focus on the upcoming EU Referendum, with the GBP/USD fluctuating aggressively on “Brexit” polls. Taking this into consideration might explain why the British Pound was little changed versus the US Dollar.

Meanwhile, the DailyFX Speculative Sentiment Index (SSI) is showing that about 66.2% of traders are long the GBP/USD at the time of writing suggesting that traders might be trying to pick the bottom in the pair. The SSI is mainly used as a contrarian indicator, implying further weakness ahead

You can find more info about the DailyFX SSI indicator here.

GBP/USD 5-Minute Chart: June 14, 2016

GBP/USD Little Changed After the UK CPI Figures Miss Expectations

--- Written by Oded Shimoni, Junior Currency Analyst for DailyFX.com

To contact Oded Shimoni, e-mail oshimoni@DailyFX.com

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

DISCLOSURES

News & Analysis at your fingertips.