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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • See my #USD weekly forecast here where I outline how domestic political risks like these impact markets:
  • Geopolitics driving markets⬇️ "Sentiment on Wall Street got a boost after House Speaker Nancy Pelosi said Sunday a last-minute coronavirus aid deal remains on the table as House Democrats try to forge ahead on a smaller aid package costing about $2.4 trillion" - CNBC.
  • Hey traders! Start your week with a market update from @DailyFX Chief Strategist @JohnKicklighter 👇
  • Stocks put in a strong gap-higher to start this week’s trade, further recovering a portion of the September sell-off. Get your #indices market update from @JStanleyFX here:
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 2.04% Oil - US Crude: 0.74% Gold: 0.65% View the performance of all markets via
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.83% 🇦🇺AUD: 0.55% 🇨🇭CHF: 0.49% 🇳🇿NZD: 0.12% 🇨🇦CAD: 0.06% 🇯🇵JPY: 0.01% View the performance of all markets via
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.76% US 500: 1.50% Germany 30: -0.07% France 40: -0.25% FTSE 100: -0.33% View the performance of all markets via
  • The ECB make no qualms about recognizing the Euro's impact on their policies (they didn't just a few years ago), but they still suggest they will only target the symptom (lacking inflation) rather than the cause (rising currency). Now, if their language starts to shift...
  • Cable with a strong bounce from Fibo support $GBPUSD - higher-low support potential 2785-2815
  • US 3-Month Bills Draw 0.100% Primary Dealers Awarded: 49.0% Indirect Bidders Accepted: 45.6% Direct Bidders Accepted: 5.3% B/C Ratio: 2.88
DailyFX European Market Wrap: European Equities Rise Across the Board

DailyFX European Market Wrap: European Equities Rise Across the Board

2017-06-14 14:40:00
Jeremy Naylor,

Despite it being a US event, the rate decision from the Federal Reserve is front and centre for markets at the moment. Like investors and traders around the world, Europe is waiting on that announcement due well after the close of the European markets.

Ahead of the Rate announcement we’ve see US inflation and retail sales come in weaker than expected and this throws up a curved ball for the Fed. So, while expectations are for the Fed to raise rates today could this be the last time it raises rates this year?

Also watch out for any comment too from Fed members about the possibility of unwinding some of the QE, by selling bonds back into the market.

Meanwhile wages data out this morning in the UK confirming that growth in wages is falling faster than expected. Add to this the inflation data yesterday showing that UK consumer prices are rising at their fastest rate of increase in 4 years, it paints a picture where people are increasingly finding that their employment income is covering less and less of household bills.

This comes as the Bank of England meets to decide on UK interest rates. This data, together with weakening economic growth makes for a difficult time for setting UK rates.

Yesterday UK Prime Minister Theresa May, was in France meeting the new French President Emanuel Macron. And he, like the German Finance minister Wolfgang Schäuble earlier in the day, said that if the UK wanted to go back on its Brexit decision, and remain part of the EU, it can be easily achieved. That though would of course go against the referendum result this time last year.

Looking ahead to tomorrow. First thing there is data in Australia, with jobs numbers, where the trade of the day could be for a rise past and a close past 76 on the Aussie dollar vs the US dollar.

But, Thursday is all about the Bank of England rate decision. There will also be an expected confirmation that there will be no move in quantitative easing and we'll also see the minutes MPC meeting minutes to get a better idea as to what was discussed. While it is not a meeting where inflation guidance is made, will there be a reference to concerns about the recent rise in inflation against the recent poor performance in wages?

If you're interested in a strategy session, check out the DailyFX Webinar Page.

--- Written by Jeremy Naylor, DailyFX

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