Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
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
  • #Gold and silver prices may turn lower based on bearish signals from IG Client Sentiment. Technical signals also warn the XAG/USD may fall, will XAU/USD meet the same fate? Find out from @ddubrovskyFX here:https://t.co/zzO5TdogF4 https://t.co/Ga5XScyMGH
  • Heads Up:🇮🇩 Business Confidence (Q2) due at 05:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-05
  • Heads Up:🇮🇩 Business Confidence (Q1) due at 05:00 GMT (15min) Previous: 104.82 https://www.dailyfx.com/economic-calendar#2020-08-05
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.73%, while traders in US 500 are at opposite extremes with 77.16%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7daoPL4gxF
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.38% 🇳🇿NZD: 0.37% 🇨🇦CAD: 0.23% 🇯🇵JPY: 0.14% 🇪🇺EUR: 0.12% 🇨🇭CHF: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/R3by8hR5Gt
  • 🇮🇩 GDP Growth Rate QoQ (Q2) Actual: -4.19% Expected: -3.49% Previous: -2.41% https://www.dailyfx.com/economic-calendar#2020-08-05
  • 🇮🇩 GDP Growth Rate YoY (Q2) Actual: -5.32% Expected: -4.61% Previous: 2.97% https://www.dailyfx.com/economic-calendar#2020-08-05
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.29% France 40: 0.19% FTSE 100: 0.19% Wall Street: 0.11% US 500: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wweCoYuhgL
  • Recent changes in IGCS warns that: #DowJones may rise #CrudeOil could climb $USDCAD might extend losses Read my full report here - https://www.dailyfx.com/forex/technical/article/special_report/2020/08/05/Dow-Jones-Crude-Oil-May-Rise-as-USDCAD-Falls-on-Positioning-Signals.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/5JYj5LUKDJ
  • The Japanese Yen may fall against its major counterparts as it enters the second half of an 8-year cycle. AUD/JPY, EUR/JPY rates eye push to fresh yearly highs. Get your $JPY market update from @DanielGMoss here:https://t.co/EZUxcPSylS https://t.co/i4QVQwnJUO
British Pound Soars to Near One-Month High on Quarterly Inflation Forecast

British Pound Soars to Near One-Month High on Quarterly Inflation Forecast

2016-11-03 13:35:00
Nick Cawley, Strategist

Talking Points

- Bank of England holds interest rates steady at record low 0.25%

- BOE says monetary policy could respond “in either direction to changes in the economic outlook”

- BOE raises 2017 growth and inflation forecasts.

The British Pound traded at a near one-month high of GBP/USD $1.2482 after Bank of England Governor Mark Carney and the Monetary Policy Committee kept the Bank Rate unchanged at 0.25%. Likewise, in a hawkish twist, the MPC said that interest rates could move in either direction depending on the economic outlook. But the hawkish hue to the latest Quarterly Inflation Forecast was most evident in its updated growth and inflation forecasts.

The BOE’s new set of growth and inflation outlooks both trumped previous forecasts. The economy is seen expanding by +2.2% in 2016 from a prior expectation of +2%, and by +1.4% in 2017, up from the previous forecast of +0.8%. Governor Carney said that the economy this year was growing faster than expected this year “reflecting the resilience in particular of indicators of household spending and sentiment.”

Chart 1: GBP/USD 5-minute Chart (November 2 to 3 Intraday)

British Pound Soars to Near One-Month High on Quarterly Inflation Forecast

The weak British Pound is seen as the driving force behind renewed forcasts on UK inflation with the central bank now seeing inflation rising above its target of +2% early next year and hitting +2.7% by the end of 2017. The Bank of England said that while it will accept an inflation overshoot in the short-term, “there are limits to the extent to which above-target inflation can be tolerated.” To this extent, markets are quickly adjusting to the reality that the BOE will not be easing policy again anytime further, fuelling the rebound in the Sterling.

Today’s BOE meeting followed the news earlier in the day that the UK government cannot trigger Article 50 Brexit negotiations without Parliamentary approval. The UK government has said that it will appeal the High Court ruling and the Supreme Court has set aside space for a hearing on 7-8 December.

--- Written by Nick Cawley, DailyFX Research

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


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.