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
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rs6RgWvlsG
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.27% Gold: -0.27% Silver: -0.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XXWvUv4FbP
  • US Indices are all trading in the red today, with Tech and Small Caps both down over 1%. DOW -0.53% SPX -0.71% NDX -1.30% RUT -1.58% $DIA $SPY $QQQ $IWM
  • USD/CAD trades to a fresh monthly low (1.2471) following the failed attempt to push back above the 50-Day SMA (1.2585). Get your $USDCAD market update from @DavidJSong here:https://t.co/H4HSs3F399 https://t.co/XNCeAY4VJS
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.01% 🇯🇵JPY: 0.65% 🇨🇭CHF: 0.50% 🇪🇺EUR: 0.41% 🇦🇺AUD: 0.33% 🇨🇦CAD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/84xpQjIXNy
  • The Cable Come Back $GBPUSD hard charging for that 1.4000 handle - the same that rebuked the advance multiple times in March https://t.co/8LCcOxhGVF
  • $USD now down to the next fibo level, trying to grasp on to the 618 Q2 reversal theme still in play https://t.co/2VG2DW5lX5 https://t.co/vjzCG0gxHk
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: -0.19% FTSE 100: -0.20% Germany 30: -0.21% Wall Street: -0.40% US 500: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/lcRh4V7LPH
  • $Gold pulling back, support potential around prior neckline from the double bottom formation $GC https://t.co/zn5e1byJPx https://t.co/ImAEGmKN4G
  • $EURCAD has strengthened by around 100 pips today, bouncing off support at 1.4950 to rise above the 1.5050 level, hitting its highest level in over a month. $EUR $CAD https://t.co/m5bZkeXmV6
GBP Steady After Wages Data, All Eyes Now on The Fed

GBP Steady After Wages Data, All Eyes Now on The Fed

Nick Cawley, Strategist

Talking Points

- UK nominal wages rose but real wages fell for the eighth successive month.

- A 0.25% interest rate hike in the US is fully priced in tonight with traders focused on Fed Chair Janet Yellen’s post-decision statement.

UK unemployment remained stagnant at a 40-year+ low rate of 4.3%, while average weekly wages rose in October, narrowing the real wages gap. Average weekly wages 3m/y-o-y rose to 2.5%, as expected, from 2.3% while weekly earnings ex-bonus rose to 2.3% against expectations and a prior month of 2.2%. Headline inflation Tuesday edged higher to 3.1% but is now expected to fall as the base effect of sterling falls out.

Commenting on today’s labour market figures senior ONS statistician Matt Hughes said: “Employment stayed close to its record high and while up on a year ago, declined compared with the previous three months. Unemployment also fell, but there was a rise in the number of people who were neither working nor looking for a job. Meanwhile the number of vacancies continues to grow, reaching a new record high. There has been a slight pick-up in pay growth in cash terms, which means that although earnings are still growing less than inflation, the gap has narrowed.”

GBP/USD slipped marginally lower on the release but all eyes now are on the latest FOMC rate decision at 19:00 GMT and Fed Chair Janet Yellen’s press conference half-an-hour later. A 0.25% interest rate hike is fully priced into the market.

DailyFX chief currency strategist John Kicklighter will be covering the US rate decision live tonight from 18:45GMT here

Check out our new Trading Guides: they’re free and have been updated for the fourth quarter of 2017

Chart: GBPUSD One Minute Timeframe (December 13, 2017)

GBP Steady After Wages Data, All Eyes Now on The Fed

Charts by IG

IG Client Sentiment data show 54.4% of traders are net-long GBP/USD with the ratio of traders long to short at 1.19 to 1. The number of traders net-long is 0.4% higher than yesterday and 47.6% higher from last week, while the number of traders net-short is 2.0% higher than yesterday and 14.0% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias

Would you like to know the Traits of Successful Traders and how to find the Number One Mistake Traders Make? If so, click here.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

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

DISCLOSURES