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. See our updated Privacy Policy here.



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
More View more
Real Time News
  • Heads Up:🇯🇵 BoJ Summary of Opinions due at 23:50 GMT (15min)
  • 6 out of 9 Dow Jones sectors ended lower, with 56.7% of the index’s constituents closing in the red. Information technology (-0.80%), industrials (-0.55%) and energy (-0.34%) were among the worst performer, whereas communication services (+0.50%) outperformed.
  • Hey there traders! I will be hosting this session in about 50 minutes Will be talking about the Dow Jones and S&P 500 ahead of the Fed and Core PCE data Signup for the session below!
  • RT @FxWestwater: Asia AM - Japanese Yen Outlook: $USDJPY Drops on Haven Flows as Traders Brace for #FOMC Link: htt…
  • Please join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here:
  • US Dollar Outlook: Fed Decision Due - Will it Spark Fireworks? The $DXY edged lower on Tuesday with $EURUSD, $GBPUSD, and $USDJPY all feeling Dollar weakness. Will the Fed catch markets off-guard with another hawkish surprise tomorrow? Link to Analysis -
  • Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook. Get your market update from @FxWestwater here:
  • USD/JPY price action has weakened sharply on the session but is searching for support. Get your $USDJPY market update from @RichDvorakFX here:
  • RT @BrendanFaganFx: Nasdaq 100 Outlook: Stocks Decline Despite Stellar Tech Earnings, All Eyes Shift to Fed $AAPL $MSFT $GOOG $QQQ $NDX L…
  • $SPX put in for an impressive midday recovery this past session leaving a large lower wick. The scale of the lower wicks consistently larger than corrections off highs
Pound Falters on BoE, Will Dollar Clear 12 Year Highs on Payrolls?

Pound Falters on BoE, Will Dollar Clear 12 Year Highs on Payrolls?

John Kicklighter, Chief Strategist

Talking Points:

• Monetary policy extended its influence over the FX market with a softened BoE outlook pulling GBP back

• US labor data for October is due ahead with the Dollar standing just off 12-year highs

• Will 'risk trends' feel the crosswind from monetary policy with central bank support in the balance?

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!

Monetary policy continues to shape the major trends and swells of volatility in FX market. Will this important fundamental theme once again take the reins of risk-sensitive assets like the S&P 500 at this critical market phase? In the past week, the central bank influences from the Fed, ECB, BoJ, SNB, PBoC, RBA, BoC and RBNZ have led to significant moves among the FX majors. Throwing its weight into the mix, the BoE battered the Pound Thursday with a downgraded view that doused one of the market's most remarkable (hawkish) standings. Ahead, we will see if the world's most famous central bank outsider - the Fed - can maximize its divergent path or whether it will be forced to capitulate and conform. Few events can single-handedly dictate rate speculation, but the US jobs data is one of them. We consider the upcoming top event risk, the general theme of monetary policy and the pressurized standing of risk trends 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.