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
EUR/USD
Bearish
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
Wall Street
Bearish
Gold
Bearish
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
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Fed's Kashkari: Maximum employment means at the very least back to pre-COVID levels of employment
  • Fed's Kashkari: - I am opposed to rate hikes at least through 2023 - The labor market is still in a deep hole; it will take some time to get people reattached to the work force
  • Fed's Kashkari: - The Fed's interest rate dot plot has provided too-hawkish guidance in the past, I am in favor of getting rid of it - I don't believe the Delta variant of COVID will force the US to return to lockdown
  • Fed's Kashkari: - The Fed is in a decent financial position, therefore it is fine to talk about tapering monthly asset purchases - I am not seeing evidence of unanchored inflation expectations, but if that does occur then we would need to adjust
  • Fed's Kashkari: - The benefits of reducing MBS purchases first would be modest - It may take longer than September to judge progress on labor supply
  • Fed's Kashkari: - Fed funds rate should remain unchanged through 2023 - When it is time to taper, the best case scenario is to stick to the same plan as before
  • Fed's Kashkari: - Inflationary indicators have been higher than predicted, but this is expected to be temporary - Although the success against COVID is inspiring, it is still too early to declare victory
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.06% Silver: -0.11% Gold: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/jXEy4TGAZL
  • GBP/USD IG Client Sentiment: Our data shows traders are now at their most net-long GBP/USD since Apr 12 when GBP/USD traded near 1.37. A contrarian view of crowd sentiment points to GBP/USD weakness. https://www.dailyfx.com/sentiment https://t.co/oqggIco9Rb
  • USD/CAD breaks out of its multi-week trading range. Client sentiment data shows traders cutting back their long positions. Get your $USDCAD market update from @nickcawley1 here:https://t.co/0jaBKT1c1p https://t.co/tcRug98zDc
DailyFX European Market Wrap: European Markets Welcome a Raft of Positive Data

DailyFX European Market Wrap: European Markets Welcome a Raft of Positive Data

Katie Pilbeam,

European markets welcome a whole raft of positive data this Wednesday as UK service sector growth picks up; Britain’s car market enjoys strongest month ever and Eurozone businesses grow at the fastest rate for nearly six years.

Britain’s service sector posted its strongest growth of the year. Business activity growth hit a three-month high in March, driven by a pick-up in new work according to data firm Markit after a slowdown in the winter months. Optimism was expressed for the year ahead from bosses surveyed, with almost half forecasting growth while only one-in-nine expect a fall in activity.

As a consequence, Sterling jumped almost half a cent against the dollar after the survey was published, rising to $1.2489 from around $1.2440 beforehand. The daily chart of the pound against the dollar now shows a pennant pattern, with any break to the upside likely to mean further gains for sterling.

Also, UK car sales hit record levels, smashing all records going back to the 1976, beating the previous record in August 1997. And in another report by IHS Market, Eurozone businesses grew at the fastest rate for nearly six years in March, led by German and French growth.

Looking ahead to Thursday in Europe there’s Germany factory orders and a number of UK listed companies are set to go ex-dividend on the open with Lloyds banking stocks, Aviva, John Wood Group, Pearson and BBA Aviation on the list.

--- Written by Katie Pilbeam, DailyFX

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

DISCLOSURES