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
EUR/USD
Bearish
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
Mixed
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
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
More View more
Real Time News
  • The Malaysian #Ringgit fell today after Malaysian Q2 GDP contracted -17.1% y/y (vs -10.9% expected) This leaves $USDMYR closer towards facing key resistance above Dominant outlook remains bearish however, check out this week's #ASEAN tech outlook here - https://t.co/yR4bEV3NCe https://t.co/xjPPs3RD5D
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/S9CEcB4urE https://t.co/XhXvSI8ECM
  • 🇯🇵 Tertiary Industry Index MoM (JUN) Actual: 7.9% Previous: -2.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Heads Up:🇯🇵 Tertiary Industry Index MoM (JUN) due at 04:30 GMT (15min) Previous: -2.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here: https://t.co/HnzQcAXWLU https://t.co/nRLUAAEc7t
  • #EURUSD may be forming a Head and Shoulders top on the daily chart. Confirmation on a break of neckline support may open the door for a break toward the 1.15 figure. https://t.co/iXOwXxCEjc
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/3FsnNdo7VK https://t.co/lC69rPbkcJ
  • $AUDUSD just weakened slightly following disappointing Chinese industrial production and retail sales data What is the Aussie facing over the next 24 hours and heading into next week? #AUD https://www.dailyfx.com/forex/market_alert/2020/08/14/Australian-Dollar-Outlook-Eyes-SP-500-Retail-Sales-After-Chinese-Data.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/b9pmxMkp8o
  • 🇨🇳 Unemployment Rate (JUL) Actual: 5.7% Previous: 5.7% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇨🇳 Fixed Asset Investment (YTD) YoY (JUL) Actual: -1.6% Expected: -1.6% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
NATO Meeting Ends With US Allies Promise to Reach Spending Target

NATO Meeting Ends With US Allies Promise to Reach Spending Target

2018-07-11 19:30:00
Peter Hanks, Analyst
Share:

Talking Points:

  • NATO Secretary General Stoltenberg agreed uneven spending exists within the alliance
  • US President Donald Trump informally proposed members spend 4% of GDP up from 2%
  • Currently, only 5 of 29 members meet the 2% GDP guideline
  • President Trump questioned energy imports from Russia by NATO members

Gain insight on market moving events from our Live Webinars and learn to trade more effectively with our Free Trading Guides.

The Leaders of the North Atlantic Treaty Organization (NATO) met in Brussels, Belgium for a two-day summit spanning July 11th and 12th. As the first day of the summit came to a close, US President Donald Trump’s comments dominated headlines in familiar fashion. Since President Trump took office, he has been highly critical of the spending guideline put in place by the alliance. Currently, the US spends 3.6% of GDP on NATO and is one of only five nations that reach the 2% guideline. The other members that meet the guideline are the UK, Greece, Poland, and Estonia. In a NATO agreement made in 2014, members pledged to meet the 2% target by 2024, a timeline seemingly too slow for President Trump. In an informal proposal, he suggested each member state provide spending equal to 4% of GDP. The criticism and proposal dominated headlines with leaders, including Secretary General Jens Stoltenberg, widely accepting the complaint of unequality and pledging to spend more.

Another key takeaway from the first day was President Trump’s criticism of Angela Merkel’s Germany. Claiming Germany was ‘totally captive’ to Russia, President Trump questioned the purchase of Russian energy by NATO members. The pointed criticism is likely related to the construction of the Nord Stream 2 pipeline. The pipeline, set to become operational in 2019-2020, will run from Russia to Germany (Ust-Luga to Greifswald) and double the pipeline capacity between the two nations. The pipeline is opposed by the US and some EU members, including European Council President Donald Tusk.

A Brief History of Trade Wars

At present, the summit has not produced any tangible market impact as ongoing trade wars continue to dominate investor concerns – particularly in the aftermath of the United States’ recent, surprise announcement of another $200 billion tariff proposal on China. The summit will continue tomorrow and President Trump is scheduled to visit the United Kingdom and meet with Russian President Vladimir Putin in Helsinki, Finland on July 16th.

Stay up to date with important economic data with our Economic Calendar.

---Written by Peter Hanks, DailyFX Research

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

DISCLOSURES

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.