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
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
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
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • SEC's Gensler: Bitcoin trading on major exchanges is not protected $BTCUSD #Bitcoin
  • Fed's Bostic: - The Fed isn't ready to formally debate asset purchase tapering yet - 1 million job gains in April wouldn't surprise me
  • Fed's Bostic: - Wage data is contingent on which workers return - It's difficult to be optimistic regarding inflation forecasts - It isn't possible to tell if the Fed can make any strides against its targets this year
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 3.25% Gold: 1.57% Oil - US Crude: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Wqhu4EwMTr
  • President Biden: - Corporate America will need to contribute its fair share - China is "eating our lunch" economically
  • EUR/USD stronger during trade with the pair making a fresh 3-day high at 1.207 $EURUSD https://t.co/cfrYluxpxh
  • Goldman Sachs offers new bitcoin derivatives to Wall Street investors - BBG $GS #BTC #Bitcoin
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 86.53%, while traders in France 40 are at opposite extremes with 76.41%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qnPkCiqG50
  • President Biden's team likely to proceed with Trump's China investment ban - BBG
  • EUR/USD Technical Analysis: Euro Weakness Forms Lower Highs -via @IG_US @IGSquawk Link to Analysis: https://t.co/k91Se31MO9 $EURUSD #Forex #Trading https://t.co/8aT0ipLThX
GBP/USD Little Changed After the UK CPI Beat Expectations

GBP/USD Little Changed After the UK CPI Beat Expectations

Oded Shimoni, Junior Currency Analyst

Talking Points:

- The British Pound was little changed versus the US Dollar

- UK’s Core CPI at 1.4%, above expectations

- Headline CPI prints 0.5% year-on-year versus 0.4% expected

Learn good trading habits with the “Traits of successful traders” series

The British Pound was little changed versus the US Dollar, after the UK’s Consumer Price Index (CPI) printed figures above expectations.

Headline CPI showed an annual rise of 0.5%, above the expected reading of 0.4%, and the prior 0.3% print. The month on month figure came in line with expectations by printing an unchanged 0.2% figure.

Core CPI, which excludes volatile factors such as food, energy, alcohol, and tobacco, was better than expected at 1.4% versus the expected 1.3% print.

The figures were joined by RPI and PPI numbers all beating expectations across the board.

Looking into the report, the Office for National Statistics said that Rises in air fares, prices for motor fuels and a variety of recreational and cultural goods and services were the main contributors to the increase in the rate but were partially offset by falls in the price of furniture and furnishings and accommodation services.

Carney said before “Brexit” that a weaker Sterling on a vote to leave the EU would mean policy makers having to choose between tighter policy to stabilize inflation or stimulus to boost output. Judging by the last BoE rate decision press release, the bank appears to be leaning in the direction of loosening policy to support output.

Taking this into consideration, the figures today might have had reduced impact since the market anticipates easing by the bank in the next August meeting, maybe even regardless of this data set, as the June figures represent information from the pre-“Brexit” era.

Meanwhile, the DailyFX Speculative Sentiment Index (SSI) is showing that about 56.9% of traders are long the GBP/USD at the time of writing. The SSI is mainly used as a contrarian indicator, implying possible weakness ahead

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

GBP/USD 5-Minute Chart: July 19, 2016

GBP/USD Little Changed After the UK CPI Beat 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