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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
GBPUSD Break Faces Hurdles, USD and Equities Await FOMC Minutes

GBPUSD Break Faces Hurdles, USD and Equities Await FOMC Minutes

John Kicklighter, Chief Strategist

Talking Points:

GBPUSD leverages fundamental surprise on technical congestion for a decisive break, but follow through?

• Top event risk in the coming session is the FOMC minutes, stirring possibly USD rate views and sentiment trends

• Supply cap expectations fails to lift oil to the critical bullish breakout

See the DailyFX Analysts' 1Q forecasts for the Dollar, Euro, Pound, Equities and Gold as well as our favorite 2016 trading opportunities in the DailyFX Trading Guides page.

The dramatic swings in risk trends have subsided somewhat, but few traders believe they are gone for good. Rebounds from assets linked to sentiment are uneven and lacking for conviction. With the right catalyst, it wouldn't be difficult to stir 'fear' once again to send equities, Yen crosses and commodities tumbling in tandem once again. Is there anything that can do that in the immediate future? One high profile calendar to item to watch closely is the FOMC meeting minutes. While not a rate decision, the path for the Fed is so heavily contested and the implications of monetary policy as a backing for market/economic health so profound that this events influence will be leveraged. Aside from the thematic, the discrete event risk forced a GBPUSD break, but follow through is going to be difficult to achieve. We look at the currencies and assets at-risk as well as the themes that can project the entire market 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