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.

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
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.27% Gold: -0.27% Silver: -0.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XXWvUv4FbP
  • US Indices are all trading in the red today, with Tech and Small Caps both down over 1%. DOW -0.53% SPX -0.71% NDX -1.30% RUT -1.58% $DIA $SPY $QQQ $IWM
  • USD/CAD trades to a fresh monthly low (1.2471) following the failed attempt to push back above the 50-Day SMA (1.2585). Get your $USDCAD market update from @DavidJSong here:https://t.co/H4HSs3F399 https://t.co/XNCeAY4VJS
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.01% 🇯🇵JPY: 0.65% 🇨🇭CHF: 0.50% 🇪🇺EUR: 0.41% 🇦🇺AUD: 0.33% 🇨🇦CAD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/84xpQjIXNy
  • The Cable Come Back $GBPUSD hard charging for that 1.4000 handle - the same that rebuked the advance multiple times in March https://t.co/8LCcOxhGVF
  • $USD now down to the next fibo level, trying to grasp on to the 618 Q2 reversal theme still in play https://t.co/2VG2DW5lX5 https://t.co/vjzCG0gxHk
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: -0.19% FTSE 100: -0.20% Germany 30: -0.21% Wall Street: -0.40% US 500: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/lcRh4V7LPH
  • $Gold pulling back, support potential around prior neckline from the double bottom formation $GC https://t.co/zn5e1byJPx https://t.co/ImAEGmKN4G
  • $EURCAD has strengthened by around 100 pips today, bouncing off support at 1.4950 to rise above the 1.5050 level, hitting its highest level in over a month. $EUR $CAD https://t.co/m5bZkeXmV6
  • $AARK is just not digging that 130 figure https://t.co/t8u5DMWUFe
DailyFX European Market Wrap: British Pound Still Rallying, ECB Draghi Holds view

DailyFX European Market Wrap: British Pound Still Rallying, ECB Draghi Holds view

Oliver Morrison, Analyst

The British Pound continued its rally today, despite the news that UK economic growth was lower than expected in the first quarter of 2017. GDP expanded by just 0.3% quarter/quarter, below both the 0.7% recorded in the previous quarter and the 0.4% consensus among analysts polled before the release. On a year/year basis, UK GDP grew by 2.1%, below the expected 2.2% but above the previous 1.9%. However, GBPUSD shrugged off the figures and continues to knock the door of that important 1.30 level.

The Euro has also gained on the Dollar thanks to the latest Euro-Zone inflation readings beating market expectation. But don’t expect ECB President Mario Draghi to alter his view that "underlying inflation pressures continue to remain subdued” any time soon. Political risk remains the key driver of Euro sentiment. We ask: is the French election the done deal that markets currently expect?

Finally, geopolitics tensions over North Korea could mean investors seek shelter in safe haven assets such as gold, which remains hovering around the $1,270 level.

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

DISCLOSURES