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
GBP/USD
Mixed
USD/JPY
Bullish
Gold
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
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
Bitcoin
Bearish
More View more
Real Time News
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: 1.18% Gold: 0.70% Oil - US Crude: -1.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/J7TkgAwq0f
  • RT @PantheonMacro: Our Chief Asia Economist @freyabeamish was on the @DailyFX podcast recently with @MartinSEssex discussing the Chinese Ec…
  • 🇺🇸 USD NAHB Housing Market Index (FEB), Actual: 74 Expected: 75 Previous: 75 https://www.dailyfx.com/economic-calendar#2020-02-18
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.59%, while traders in France 40 are at opposite extremes with 78.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Y0bzqVgKvK
  • Those forward indicators though.... https://t.co/uQ1On5vQ3S
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.84% Gold: 0.49% Oil - US Crude: -1.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/hUJSfKOj3v
  • RT @LiveSquawk: China May Adjust 2020 GDP Growth Target Due To Coronavirus, Government Policy Adviser Says - SCMP https://t.co/gRbIX2zQ5S
  • Heads Up:🇺🇸 USD NAHB Housing Market Index (FEB) due at 15:00 GMT (15min), Actual: N/A Expected: 75 Previous: 75 https://www.dailyfx.com/economic-calendar#2020-02-18
  • Going along with that move of aggressive USD-strength has been a sharp downside run, including a breakout in EUR/USD. Get your $EURUSD technical analysis from @JStanleyFX here: https://t.co/evHSI57Lao https://t.co/RbfpQfd8Oy
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: -0.31% Germany 30: -0.57% US 500: -0.58% Wall Street: -0.73% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/XeVp4TL9zg
Video: Unexpected Moves after Fed and RBNZ, BoJ and US GDP Ahead

Video: Unexpected Moves after Fed and RBNZ, BoJ and US GDP Ahead

2016-04-27 23:09:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

  • The Fed kept rates unchanged and its statement bolstered rate forecasts, but the Dollar couldn't run on the data
  • Though it was considered significantly less influential, the Australian CPI leveraged the biggest AUD move
  • Importance didn't match market impact for UK GDP and RBNZ, will the same hold true of US GDP and BoJ?

See how retail traders are positioning in the Dollar-based majors after the Fed and before US GDP using the FXCM SSI readings on DailyFX's sentiment page.

The order of importance of this past session's event risk didn't match the order for which it impacted the market. The key FOMC rate decision and UK 1Q GDP figure - with influence that spans well beyond their own currency and regional assets - generated limited impact. In contrast a dip into deflationary territory pummeled the Australian Dollar and an RBNZ hold in policy (similar to the FOMC hold), leveraged an impressive New Zealand Dollar rally. Anticipation and surprise helped dictate this unexpected turn of events. Yet, limited initial engagement, these underlying themes must be kept in direct view. Ahead, we have another important round of event risk. Are we in for another surprising outcome? We discuss this in today's Trading Video.

To receive John’s analysis directly via email, please SIGN UP HERE

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

DISCLOSURES

News & Analysis at your fingertips.