Trading News & Analysis for Forex, Commodities and Indices

IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.97%, while traders in France 40 are at opposite extremes with 79.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HXPUrUOucN
Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Silver: 0.94% Oil - US Crude: 0.75% Gold: 0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/6X5IKp4b4I
What is market volatility and what does a market event volatility look like? Find out from @PaulRobinsonFX here: https://t.co/vg7w10la3j https://t.co/wxQjDx1sCt
Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.19% 🇳🇿NZD: 0.14% 🇦🇺AUD: 0.11% 🇬🇧GBP: 0.03% 🇨🇭CHF: 0.02% 🇯🇵JPY: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/U9A4D9Vazf
Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.57% France 40: 0.54% US 500: 0.29% Wall Street: 0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ED0xX4zCzt
Join our analysts for live coverage of all major market-moving economic data from around the world at the DailyFX Webinars. https://www.dailyfx.com/webinars?re-author=Cottle?utm_source=Twitter&utm_medium=Cottle&utm_campaign=twr
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European Opening Calls From IG: #FTSE 7425 +0.58% #DAX 13747 +0.48% #CAC 6094 +0.61% #AEX 628 +0.46% #MIB 25382 +0.63% #IBEX 10042 +0.36% #STOXX 3856 +0.49%
The $GBP recovered some lost ground against the US Dollar but a break of key support on the way lower from 12-year resistance points to a bearish bias. Get your market update from @IlyaSpivak here: https://t.co/RxfVeYlGxi https://t.co/82P6gZJeDy
$USDCAD may extend declines while $EURUSD turns higher based on trader positioning signals. What is the outlook for the Canadian Dollar and #Euro incorporating IG Client Sentiment? #CAD - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/19/USDCAD-Outlook-Bearish-EURUSD-Forecast-Bullish-on-Positioning.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ZiW77qolR2

GBP/USD Outlook Gloomy Ahead of FOMC Minutes, UK CPI Data

2020-02-19 08:00:00

The British Pound may fall against the US Dollar if UK CPI data underwhelms. GBP/USD’s decline may be amplified if the FOMC minutes reveal an unexpectedly hawkish Fed.

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Bullish USD/CAD

USD/CAD Technical Analysis: Canadian Dollar at a Turning Point

The Canadian Dollar has arrived at defining chart inflection point against its US counterpart. How the currency behaves here is likely to define the near-term price trend.

Ilya Spivak, Sr. Currency Strategist

Time Frame: 1 - 6 months

Expertise: Global macro

GBP/JPY Breakout

GBP/JPY – British Pound Set Up to Move Soon vs Japanese Yen

A triangulating pattern with sturdy support is becoming increasingly visible in GBP/JPY, suggesting a move is coming soon - which direction will it be?

Paul Robinson, Currency Strategist

Time Frame: Several days to several weeks

Expertise: Technical

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