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
Oil - US Crude
Bearish
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • 🇳🇿 Balance of Trade Actual: N$1267M Previous: N$722M https://www.dailyfx.com/economic-calendar#2020-05-25
  • 🇳🇿 Balance of Trade Actual: N$1,267M Previous: N$672M https://www.dailyfx.com/economic-calendar#2020-05-25
  • Heads Up:🇳🇿 Balance of Trade due at 22:45 GMT (15min) Previous: N$672M https://www.dailyfx.com/economic-calendar#2020-05-25
  • Crude oil prices wilted in Asia on Friday despite a strong start as news that China will impose more stringent control over Hong Kong saw a broad retreat for market risk appetite. Get your #oil market update from @DavidCottleFX here: https://t.co/89SH5T3315 https://t.co/awlGiVCVpc
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.17% 🇦🇺AUD: 0.14% 🇬🇧GBP: 0.13% 🇨🇭CHF: -0.03% 🇪🇺EUR: -0.06% 🇯🇵JPY: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/WHghrcxnkR
  • RT @FirstSquawk: MORE THAN 90 COUNTRIES REQUEST IMF BAILOUT
  • Heads Up:🇰🇷 Consumer Confidence due at 21:00 GMT (15min) Previous: 70.8 https://www.dailyfx.com/economic-calendar#2020-05-25
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.50% Gold: -0.32% Silver: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/kxAE18eIBf
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.43%, while traders in US 500 are at opposite extremes with 77.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lmh68Zio6T
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.31% Germany 30: 0.24% FTSE 100: 0.09% US 500: 0.00% Wall Street: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/yYNbl2JFoG
Greece Risks Intensify, Pound Faces BoE Report, Dollar Staves Off Reversal

Greece Risks Intensify, Pound Faces BoE Report, Dollar Staves Off Reversal

2015-02-07 00:44:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

NFPs offered a last minute reprieve for a wilting Dollar, but its S&P 500 impact looks questionable

• Top scheduled event risk in the week ahead are the BoE Quarterly Inflation report and EZ 4Q GDP numbers

• Unscheduled risk is far more imposing however including Greece's deteriorating situation and broad 'risk'

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

This past week was a nail bitter for the markets with the USDollar on the verge of reversal and the S&P 500 within reach of fresh record highs. Friday's NFPs halted both technical breaks with an uptick in the jobless rate that was overshadowed by a strong rise in earnings - the precursor to inflation and thereby an important milestone for timing the Fed's rate hike. Heading into the new trading week, the technical pressure remains while another wave of new and existing fundamental concerns washes over the market. For scheduled event risk, the Pound and Euro face the most concentrated docket items between the BoE's Quarterly Inflation Report and Friday's Euro-area GDP data. However, it may be the amorphous risks like the deteriorating Greek financial position, the swell in volatility readings or fading confidence in stimulus that may ultimately cue the big-picture market changes. We discuss the market's position and sparks in the Weekend Strategy 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.