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
Please try again
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
Wall Street
More View more
Real Time News
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.49% France 40: 0.45% Germany 30: 0.45% US 500: 0.34% Wall Street: 0.25% View the performance of all markets via
  • 🇫🇷 Business Confidence (JAN) Actual: 98 Expected: 94 Previous: 93
  • Heads Up:🇪🇺 European Council Meeting due at 08:00 GMT (15min)
  • Turkey weighs end to dividend freeze for banks - BBG $TRY
  • Chinese Commerce Ministry: China will take measures against actions undermining interest - BBG $USDCNH
  • EUR/USD Hovering Above Support as ECB Rate Decision Shifts into View - #ECB $EUR $EURUSD
  • 🇮🇩 Interest Rate Decision Actual: 3.75% Expected: 3.75% Previous: 3.75%
  • Chinese Commerce Ministry: Importance of relations with the United States is self-evident - BBG $USDCNH
  • Bank Indonesia leaves 7-day reverse repo rate unchanged at 3.75% - BBG $USDINR
  • Heads Up:🇫🇷 Business Confidence (JAN) due at 07:45 GMT (15min) Expected: 94 Previous: 93
China to BRICS, Emerging Markets Pose Global Risk

China to BRICS, Emerging Markets Pose Global Risk

John Kicklighter, Chief Strategist

Talking Points:

• The emerging markets represent a serious risk to global financial stability and economic activity

• China is a focal point given its size, but the connections to BRICS and smaller EMs make them just as potent

• GDP contribution, panicked capital repatriation, cross-boarder defaults and other triggers exist

What are the Traits of Successful Traders? See what our studies have found to be the most common pitfalls of retail FX traders.

China's troubles can easily turn into the world's problems. However, this isn't the only emerging market economy that poses a risk to the global financial system. The BRICS are among the largest economies in the world. Moreover, their collective growth through and after the Great Financial Crisis represent an out-sized contribution to the world's recovery. An interconnected global financial system further leverages the risk to even smaller EM players. Speculators' unchecked exuberance over the past years has raised the general risk profile of portfolios to liquidity problems. Cross-boarder loans further exacerbates headline issues like fading global consumer demand, tumbling local currencies and plunging commodity prices (traditionally considered a boon for the market). We discuss the tiers of EM groups and the type of risks they pose to the world in today's Strategy Video.

Sign up for John’s email distribution list, here.

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