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  • Goldman Sachs sees the Turkish Central Bank cutting rates by 100bps over next three central bank meetings
  • Cable has undergone a nice rally as of late, with it having risen over four figures off the September low.Get your $GBPUSD market update from @PaulRobinsonFX here:https://t.co/jdNzvlgecz https://t.co/kF4pZgwiOz
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.35% 🇨🇭CHF: 0.10% 🇪🇺EUR: -0.04% 🇬🇧GBP: -0.04% 🇦🇺AUD: -0.18% 🇳🇿NZD: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SSMahbp5s0
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.01% Germany 30: -0.19% Wall Street: -0.21% France 40: -0.23% FTSE 100: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/8116UpQzpE
  • Yen Pullback Begins: EUR/JPY, GBP/JPY, AUD/JPY, CAD/JPY https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/10/21/Yen-pullback-begins-EUR-JPY-EURJPY-GBP-JPY-GBPJPY-AUD-JPY-AUDJPY-CAD-JPY-CADJPY.html https://t.co/iZpZvFopiF
  • The oil price breakout has extended into the first level of lateral resistance- risk for some ‘back and fill’ here but the outlook remains constructive. Get your market update from @MBForex here:https://t.co/jdNzvkYCNZ https://t.co/OlqgYQLcxK
  • Tesla opened lower as afterhours trade yesterday suggested we would, but after the gap down, we've had a strong rally this morning. I wonder if the Robinhood-type crowd trades before/after hours or if that is the traditional segment https://t.co/tFVllKbBKb
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: -0.02% Silver: -0.40% Oil - US Crude: -1.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ek6GdiGhQ3
  • The Turkish Central Bank cut its weekly repo rate to 16%, marking a 200bps cut vs expectations for a 50-100bps reduction. Get your market update from @JMcQueenFX here: https://t.co/Gz3yZYqZdn https://t.co/C1PgJsCoGp
  • 🇺🇸 CB Leading Index MoM (SEP) Actual: 0.2% Expected: 0.4% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-10-21
A Stay on Execution for Greece Liquidity, Dollar Inches Towards Break

A Stay on Execution for Greece Liquidity, Dollar Inches Towards Break

John Kicklighter, Chief Strategist

Talking Points:

• Greece has two more weeks to get its affairs in order before the ECB pulls liquidity

• Market's view of BoE rate outlook rises after strong Jobs report, inflation warning in BoE minutes

• Keep a close eye on USDollar as the correction risk grows out of consolidation in strong bull trend

Want to test out all the premium tools and resources FXCM has to offer? We are holding an Open House

We didn't have explosive volatility this past session, but fundamentals were carving out deeper trend. The march towards a possible Greek-Eurozone financial crisis received another temporary deferral when the ECB announced it would give the country's financial institutions another two weeks of access to emergency liquidity. Now the focus turns back on negotiations to the bailout terms. The Sterling meanwhile is caught even more traction following a round of strong jobs data and some surprising comments from the BoE minutes. And, even though BoJ Governor Kuroda reiterated the commitment to easing, confidence in the Yen crosses' persistent run is wavering. Perhaps the most at-risk drive moving forward is the USDollar's 7-month climb. Though the FOMC minutes may not have been as dovish as the media seems to have interpreted it, the currency is threatening a speculative correction across most pairs. We look at these trading themes in today's Trading Video.

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