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
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
More View more
Real Time News
  • Netflix regarding subscriber miss - "We don’t believe competitive intensity materially changed in the quarter or was a material factor in the variance as the over-forecast was across all of our regions" Doesn't really inspire confidence...
  • Netflix Q1 Earnings: Revs: $7.16B vs. est. $7.14 EPS: $3.75 vs est. $2.98 $NFLX
  • Netflix earnings: $7.16b rev vs $7.14b est EPS: $3.75 vs $2.98 est Huge miss on subscribers added: +3.98m vs +6.29m est $NFLX shares 10% lower on subscriber miss
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, GBP/JPY
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.33% Germany 30: 0.25% France 40: 0.09% US 500: 0.01% Wall Street: 0.00% View the performance of all markets via
  • The FTSE 100 index surpasses 7000 landmark for the first time since Feb 2020. Ocado Group is strong out of the gate after £10m investment in Oxbotica. Get your #FTSE market update from @RichardSnowFX here:
  • Italian Health Ministry recommends Johnson & Johnson vaccine be used on people over 60 $EUR $JNJ
  • Italy's Franco: - EU and ECB funding cannot last forever - Debt must be reduced $EUR
  • video of today's webinar posted + ready to go. $USD the focus, $Gold got a look, too (~25 mins in)
  • Italy's Franco: GDP likely negative in Q1, but positive in Q2
Big Day Ahead for EUR/USD and GBP/USD with BoE, ECB, and US GDP

Big Day Ahead for EUR/USD and GBP/USD with BoE, ECB, and US GDP

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- BoE meeting unlikely to offer new surprises as UK economy continues to improve.

- Both policy statement and press conference will be important for ECB today.

- Expect higher than usual volatility in pre-US equity market hours.

To receive this report in your inbox every morning, sign up for Christopher’s distribution list.










(vs USD)








Dow Jones FXCM Dollar Index (Ticker: USDOLLAR): +0.10% (+0.08% prior 5-days)


Price action has been exceptionally quiet overnight outside of the AUD-crosses (thanks to a disappointing Australian labor market report), as investors gear up for significant event risk in the pre-North American session hours. Of note, there are three “high” importance events due out between 07:00 EST and 08:30 EST (12:00 GMT and 13:30 GMT) aimed directly at three of the most heavily traded currencies in the world, the British Pound, the Euro, and the US Dollar.

While each of these events poses risk to the EURUSD and the GBPUSD, risk is disproportionate given the run up in prices ahead of these events as well as consensus expectations. The least exciting of three events, the Bank of England Rate Decision, will kick off the morning as the GBPUSD finds itself trading back in the middle of an eight-week sideways range:

GBPUSD H4 Chart: September 10 to Present

Big_Day_Ahead_for_EURUSD_and_GBPUSD_with_BoE_ECB_and_US_GDP_body_x0000_i1027.png, Big Day Ahead for EUR/USD and GBP/USD with BoE, ECB, and US GDP

The break in GBPUSD through the uptrend off of the July, August, and October lows on October 30 sent the pair towards $1.5880/900, range support dating back to September 15. Yet with UK economic data continuing to improve and only a modest improvement developing in underlying US Dollar fundamentals over the past week, there’s been little impetus for a further breakdown, which would set in motion a Double Top in the pair.

Accordingly, we are taking time into account when considering the impact of the BoE today, in that failure to close above 1.6100 could threaten the rebound off of last week’s lows; and for the bull case to reignite, price needs to take the July-October rising TL, coming in at 1.6130 at today’s close (1.6170 by the end of the week). Otherwise, the 1.5880/6260 range should hold for the near future.

EURUSD H4 Chart: September 22 to Present

Big_Day_Ahead_for_EURUSD_and_GBPUSD_with_BoE_ECB_and_US_GDP_body_x0000_i1028.png, Big Day Ahead for EUR/USD and GBP/USD with BoE, ECB, and US GDP

The EURUSD is far more exciting that the GBPUSD today, given the rising expectations behind the European Central Bank Rate Decision and the 3Q’13 US GDP report. Unlike the UK, the Euro-Zone and US economies have seen a stretch of weakening data that has led to speculation that additional monetary easing from the ECB and the Fed might be necessary.

Read more: Rising US Yields Building Base for USD, but Don’t Dismiss EUR Rally


Big_Day_Ahead_for_EURUSD_and_GBPUSD_with_BoE_ECB_and_US_GDP_body_Picture_1.png, Big Day Ahead for EUR/USD and GBP/USD with BoE, ECB, and US GDPBig_Day_Ahead_for_EURUSD_and_GBPUSD_with_BoE_ECB_and_US_GDP_body_x0000_i1030.png, Big Day Ahead for EUR/USD and GBP/USD with BoE, ECB, and US GDP

See the DailyFX Economic Calendar for a full list, timetable, and consensus forecasts for upcoming economic indicators. Want the forecasts to appear right on your charts? Download the DailyFX News App.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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