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
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
Oil - US Crude
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
Wall Street
Bullish
Gold
Mixed
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
More View more
Real Time News
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/QXaLbmFSjd
  • The anti-risk Japanese #Yen may rise versus currencies like the $AUD and $NZD on US-China tensions and fiscal stimulus woes which sank the Nasdaq 100 at the end of last week. Get your #currencies update from @ddubrovskyFX here: https://t.co/Kw0fYCHEcw https://t.co/jiQBPpzat3
  • The #Dollar is down than 3% year-to-date with the index responding to trend support at multi-year lows. Here are the levels that matter on the $DXY weekly technical chart. Get your #currencies update from @MBForex here: https://t.co/MVnF5VDoeN https://t.co/TP2k8u9sXN
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/ioGWvplvt7
  • Based on how US-China tensions and fiscal talks ended this past week, is the Japanese #Yen readying to push higher ahead? Check out the latest #JPY fundamental outlook here - https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2020/08/10/Yen-May-Rise-as-Nasdaq-100-Falls-on-US-China-Tensions-Fiscal-Woes.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/2Km23bVAy2
  • Tech leading the S&P 500 towards record highs, however, China risks rise. FTSE 100 hovers in a lower range. Get your #equities update from @JMcQueenFX here: https://t.co/IJAABNhxjs https://t.co/ZZ6njsuf5O
  • We are heading into the peak of summer yet there are some unexpected trends in key plays. Will complacency or fundamental instability win out? My weekend video: '#Dollar, S&P 500, #Gold - The Potential for Trend, Reversal or Congestion' https://www.dailyfx.com/forex/video/daily_news_report/2020/08/08/Dollar-SP-500-Gold---The-Potential-for-Trend-Reversal-or-Congestion-.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/7KoypvTwcL
  • What are some trading mistakes @nickcawley1 made during his career and what did he learn from them? Find out: https://t.co/40C8Sg5fM6
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:https://t.co/sR7HqpK8BI https://t.co/GZXAbZxL38
  • The Australian Dollar could be on the verge of a major breakout against the US #Dollar as $AUDUSD rates eye a close above pivotal chart resistance. Get your #currencies update from @DanielGMoss here: https://t.co/1y4serFW7h https://t.co/OtqppN7fcp
Trader Heaven: Packed Week Includes BoJ, FOMC, BoE and NFPs

Trader Heaven: Packed Week Includes BoJ, FOMC, BoE and NFPs

2018-07-30 07:55:00
Nick Cawley, Strategist
Share:

BoE, BoJ, FOMC News and Analysis

  • BoE likely to hike rates this week.
  • BoJ may mull over inflation forecast and target.

TheDailyFX Q3 Forecastshave just been released and cover all the major asset classes including USD, GBP, EUR and JPY.

IG Client Sentiment Data shows how retail are positioned in a wide range of asset markets, including daily and weekly movements.

Central Bank Hikes and Data Deluge Will Keep Traders Busy

(#Updated)

A very busy week ahead of the expected August holiday lull with a wide range of market moving events and data releases. Volatility is expected to increase ahead of three important central bank meetings while at the end of the week the latest US non-farm payroll release will provide more clarity on the US economy.

Ahead of all this, Tuesday offers up a raft of trading opportunities in different markets. In recent days the market has started to mull the idea that the BoJ will lower its inflation target and forecast – 10-year JGB yields jumped after the central bank trimmed its qe purchases – although its current 2% CPI target is unlikeley to be met for months/years to come.

Trader Heaven: Packed Week Includes BoJ, FOMC, BoE and NFPs

The Bank of England is expected to hike rates on Thursday, while the FOMC will opine announce their policy decisions on Wednesday ahead of a September hike.

While the FOMC September decision has been baked in for the last few weeks, the UK rate decision has only been priced in recently, mainly due to a strong jobs market. Brexit continues to weigh on Sterling and will remain the dominant driver of the currency. The FOMC will hike in September by another 0.25% - the third such hike this year – and the market has already priced in a fourth hike in December. And just to keep USD traders active, on Friday we have the latest US non-farm payroll report, which will point to continued strong growth in the US jobs market.

Trader Heaven: Packed Week Includes BoJ, FOMC, BoE and NFPs

The US dollar remains strong after Friday’s bumper GDP figures, and is well supported just under 94.00 – 38.2% Fibonacci – and is eyeing the first upside target at 94.93.

US Dollar Index Daily Price Chart (December 2017 – July 30, 2018)

Trader Heaven: Packed Week Includes BoJ, FOMC, BoE and NFPs

If you are new to foreign exchange, or if you would like to update your knowledge base, download our New to FX Guide and our Traits of Successful Traders to help you on your journey.

What do you think the central banks will do this week? Share your thoughts with us using the comments section at the end of the article or you can contact the author via email at Nicholas.cawley@ig.com or via Twitter @nickcawley1

--- Written by Nick Cawley, Analyst

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.