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
Real Time News
  • Gold prices have plunged more than 5.1% off the September highs with the sell-off taking XAU/USD back into key technical support. Get your $XAUUSUD market update from @MBForex here:https://t.co/XqIJ5OJ5Hv https://t.co/O3CSNNCCWo
  • WTI higher by almost 2% as global energy prices continue to rise $CL $CL_F #Oil https://t.co/6Zu2zR0ZDP
  • Higher global natural gas prices could hint to a near-term increase in US exports - Moody's via BBG $NG $NG_F
  • WTO crude is on pace to put in its highest session close in three years. If it clears 76, it will be a far bigger technical event. $CL_F weekly chart below https://t.co/UPviQVRL2F
  • Fed's Williams: - It is reasonable for the taper to be completed by mid-2022 - I recognize that inflation is currently elevated
  • Both USD/CHF and USD/SEK rates appear poised for most upside in the near-term, while surging energy prices may be offering a different route for USD/NOK. Get your market update from @CVecchioFX here:https://t.co/0HFq7L8RCm https://t.co/7wF7mk4ip4
  • Fed's Williams: - Optimistic that the economy will allow an "imminent" taper - Elevated levels of uncertainty make forecasting difficult
  • Gold Price Outlook: #Gold Drops into Pivotal Support- $XAUUSD Levels - https://t.co/Wkucy1F83L https://t.co/WNQyAVsaYD
  • Fitch Ratings: - We do not expect the advent of a new gov't in Germany to produce a significant change in near-term economic prospects - Expect sound fiscal policies following German elections, with a focus on sustainability of public debt
  • The USD is trading in an ascending triangle formation, marked by horizontal resistance around the 2021 highs to go along with bullish trendline support. Get your market update from @JStanleyFX here:https://t.co/3HFBpRwqB4 https://t.co/jAfBE5EfQI
China GDP Data, ECB Meeting May Lift Market Confidence

China GDP Data, ECB Meeting May Lift Market Confidence

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • China GDP Data May Top Forecasts, Boosting Risk Appetite
  • ECB to Boost Risk-On Mood if Draghi Hints at More Stimulus
  • Sentiment Swings May Cloud Impact of US CPI on Fed Bets

A recovery in market sentiment may take center stage in the week ahead after another aggressive bout of risk aversion. Fourth-quarter Chinese GDP figures may begin to brighten investors' mood if the outcome tops consensus forecasts, in line with an emerging trend for news-flow from the world's second-largest economy over recent weeks. The promise of stimulus expansion following soft CPI figures at this week's ECB monetary policy announcement may likewise prove supportive.

The US CPI report is due to show core inflation hit a multi-year high at 2.1 percent year-on-year, seemingly supporting the case for an ambitious Fed rate hike cycle. Tightening bets have withered alongside the drop in risky assets since the beginning of the month however. This means an improvement in risk appetite my likewise fuel some normalization on the Fed outlook front. Against this backdrop, CPI may fail to register as a discrete catalyst, at least in the near term. A status-quo monetary policy announcement from the Bank of Canada may likewise pass with little fanfare.

--- Prepared by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES