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.



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
Please try again
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
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.49% Oil - US Crude: 0.35% Gold: -0.22% View the performance of all markets via
  • Heads Up:🇺🇸 Fed Williams Speech due at 14:30 GMT (15min)
  • Heads Up:🇬🇧 BoE Gov Bailey Speech due at 14:30 GMT (15min)
  • JOLTS US job openings soar to 8.1M, the highest reading on record and well above the consensus forecast looking for 7.5M.
  • Not a pretty picture for the Nasdaq 100 which opens to its biggest bearish gap since October 2nd. Takes out the 100-day moving average and 38.2% Fib of the March-present range. The past year's trendline support still in place at ~12,900
  • Central Bank chat on tap later today. (BST/GMT+1)
  • US equities rebounding nicely after the opening bell on Wall Street. The recovery in risk appetite steers the US Dollar back down to intraday lows. $SPX $NDX $DJI
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.53%, while traders in Wall Street are at opposite extremes with 72.62%. See the summary chart below and full details and charts on DailyFX:
  • No false modesty today. Dow, S&P 500 and Nasdaq hammered on the open
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: -0.25% Oil - US Crude: -0.43% Gold: -0.67% View the performance of all markets via
SEK and NOK Cringe Ahead of Euro Area GDP, Italian Data

SEK and NOK Cringe Ahead of Euro Area GDP, Italian Data

Dimitri Zabelin, Analyst


  • NOK, SEK cautiously wait for Eurozone GDP, Italian data
  • German GDP in particular will be heavily eyed by Nordics
  • Swedish CPI leaves Krona unimpressed – Ingves speaks

See our free guide to learn how to use economic news in your trading strategy!

As we head into Europe’s trading hours, the Swedish Krona and Norwegian Krone may find themselves under pressure ahead of Eurozone GDP data and Italian industrial production. Nordic traders – particularly those with exposure to SEK crosses – will be closely watching German GDP. Last month Riksbank Deputy Governor Martin Floden expressed concern about growth prospects in the largest Eurozone economy.

Italian industrial production will also catch the attention of global investors following the country’s recent ascension out of a shallow recession. However, this has not stopped Italian 10-year bond yields from rising amid growing concerns that the government’s budget deficit and growth prospects may push the economy off a cliff. Adding to the risk are the upcoming European Parliamentary elections that are bound to shake the EU.

On May 14, Swedish CPI data came in – an almost miraculous way – exactly in line with analysts’ forecasts. It appears they have adjusted their outlook to properly reflect the current economic conditions and shifted away from a model that was overly optimistic. The Krona rose against all its major counterparts and was a key influencer in causing USD/SEK to close in the red.

This was followed by a cheerful response from Riksbank Governor – well, as joyful as a central banker can get – Stefan Ingves who welcomed the price growth data but reiterated that expansionary policy will need to remain in order to continue supporting inflationary pressure. Overnight index swaps after CPI was released showed traders were betting on a marginally higher probability of a hike over a cut.

Looking ahead, global fundamental themes will continue to be a major driver of Swedish Krona and Norwegian Krone price action. This will be particularly true for the oil-linked NOK and OBX index that are frequently torn between oscillations in global sentiment. This might explain why one-week implied volatilities in G10 currencies against the USD are the second and thirst highest in the Krone and Krona, respectively.


Chart Showing One Week Implied Volatility


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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