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
Bullish
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
Oil - US Crude
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
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
USD/JPY
Bearish
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
More View more
Real Time News
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.04% Germany 30: 0.01% France 40: -0.00% US 500: -0.06% FTSE 100: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/lIQqVcx0qU
  • Russia warns US to stay away from Russia and Crimea, risks of incidents are very high - RIA citting Russian Deputy Minister
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/Tq1S2BVlwD
  • 🇬🇧 Goods Trade Balance (FEB) Actual: £-16.442B Expected: £-10.4B Previous: £-12.592B https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 Construction Output YoY (FEB) Actual: -4.3% Expected: -1.9% Previous: -6.5% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 GDP MoM (FEB) Actual: 0.4% Expected: 0.6% Previous: -2.2% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 GDP YoY (FEB) Actual: -7.8% Expected: -8.3% Previous: -8.5% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 GDP 3-Month Avg (FEB) Actual: -1.6% Expected: -1.9% Previous: -1.4% https://www.dailyfx.com/economic-calendar#2021-04-13
  • (Gold Briefing) Gold Price Outlook: Falling Ahead of 30-Year Treasury Auction, Resistance Reinforced #Gold #Bonds #Treasury #CPI https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/04/13/Gold-Price-Outlook-Falling-Ahead-of-30-Year-Treasury-Auction-Resistance-Reinforced.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/WlC6kItxmx
  • 🇬🇧 Balance of Trade (FEB) Actual: £-7.1B Previous: £-3.4B https://www.dailyfx.com/economic-calendar#2021-04-13
Euro Cross Pick 11.12.2012

Euro Cross Pick 11.12.2012

David Song, Strategist

As the U.K. Consumer Price report is expected to show heightening price pressures in the U.K., we may see the British Pound regain its footing over the next 24-hours of trading as market participants look towards the Bank of England’s (BoE) quarterly inflation report due out later this week. As faster price growth dampens the central bank’s scope to expand its balance sheet further, we will be keeping a close eye on the EURGBP, and the pair may fall back towards the 100-Day SMA (0.7960) should the report raise the long-term outlook for inflation. At the same time, headlines coming out of the euro-area may continue to drag on the single currency as the EU races against the clock to avert a Greek default, and we anticipate to see the EURGBP resume the downward trend from earlier this year as the governments operating under the fixed-exchange rate system become increasingly reliant on monetary support. In turn, the deviation in the policy outlook continues to reinforce our bearish forecast for the pair, and the euro-pound looks poised to threaten fresh yearly lows as it carves out a top around the 78.6% Fibonacci retracement from the 2008 low to high around 0.8140-50.

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

DISCLOSURES