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.

Free Trading Guides
EUR/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
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
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
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • US President Donald Trump: Could reopen country in phases, may be ahead of schedule. Have to be on downside of slope to reopen the economy -BBG
  • USD/CAD Trading Forecast - via @DailyFX: Canadian Dollar Eyes Jobs Data, Oil & OPEC+ Link to Analysis: https://www.dailyfx.com/forex/technical/home/analysis/usd-cad/2020/04/08/usdcad-forecast-canadian-dollar-eyes-jobs-data-oil-opec.html $USDCAD $CL_F #WTI #OOTT #Forex #FX https://t.co/mSrFIcdSs9
  • Fed's Kaplan: -Sees US unemployment rate rising above 10% to 'mid teens' but fall between 7-8% by year end -US GDP may plunge 25-35% in 2Q, shrink 4-5% on balance this year
  • RT @LiveSquawk: Fed's Kaplan: US GDP May Shrink 25% To 35% In Second Quarter, Then Grow In Second Half - RTRS - Sees US GDP Shrinking 4% T…
  • For Thursday's trading session we have: the RBA Financial Stability Review; UK GDP; Canadian employment; US consumer confidence (UMich for April) and the OPEC+ meeting. High profile event risk overriding liquidity fade into Good Friday?
  • $EURUSD Daily Pivot Points: S3: 1.0647 S2: 1.0762 S1: 1.0827 R1: 1.0941 R2: 1.0991 R3: 1.1106 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • #Gold prices rallied by more than 7.7% from the April 1st low into yesterday’s. high. Get your $XAUUSD technical analysis from @JStanleyFX here: https://t.co/M9QeP4a5QH https://t.co/xc847ElRxe
  • RT @hmeisler: RUT green 3 straight. Hasn't gone 4 since early Feb.
  • $USDJPY Daily Pivot Points: S3: 107.91 S2: 108.39 S1: 108.58 R1: 109.05 R2: 109.34 R3: 109.81 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • RT @LizAnnSonders: Small- & medium-sized firms constitute 44% of GDP & nearly half of private payrolls; which doesn’t bode well for economy…
Forex: Focus on GBPUSD Tuesday as Panic Cools Pre-FOMC

Forex: Focus on GBPUSD Tuesday as Panic Cools Pre-FOMC

2014-01-28 03:48:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

• The fear that evolved from an Emerging Market capital flight last week seemed to settle Monday

• With the FOMC decision due Wednesday, investors may postpone their decision to deleverage

• Keeping an eye on risk trends, 4Q UK GDP tops the list for event risk in the upcoming session

Sign up for DailyFX-Plus to have access to John's Trading Q&A, live FOMC rate decision coverage and much more!

Traders should keep vigilance for sudden swells in fear, but Monday's uneasy calm suggests the market will hold back its panic for bigger milestones later this week - like Wednesday's FOMC decision. The capital flight from Emerging Markets has stabilized through the opening session of the new weeks in the face of crisis management steps from various policy officials. Yet, this balance is an uneasy one. Investors in mainstream 'risk' assets were shaken, and the circumstances surrounding the market's performance to this point is becoming more apparent. Meanwhile, we have definitive event risk in the upcoming session - the top catalyst being the UK's 4Q GDP release. We discuss the big picture and volatility events ahead of us in today's Trading Video.

Sign up for John’s email distribution list, here.

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

DISCLOSURES

News & Analysis at your fingertips.