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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
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
Bitcoin
Bullish
More View more
Real Time News
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/1:00 AM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTDaWVC https://t.co/BlxHOemKwy
  • China is "fully expected" to meet terms outlined in "Phase 1" of the US-China trade deal despite the outbreak of the #coronavirus according to top US officials (SCMP) - First Squawk Could you imagine the pandemonium if markets had to contend with #covid19 and reignited tensions?
  • The #coronavirus has revealed that these debt markets are more susceptible to economic shocks than imagined".
  • has alleviated the anxiety of a region-wide default. Consequently, investors have grown more comfortable with investing in riskier assets (both sovereign and corporate) while underwriting standards for the latter deteriorate.
  • History says otherwise, and the current fundamental context only supports the notion that the Southern member states are still comparatively more vulnerable than their northern counterparts. However, buoyant market optimism – buttressed by expectations of central bank easing -...
  • ...reputation of financial soundness – has collapsed and is approaching equivalency. The implicit message behind this convergence is investors are assuming that “all other things equal”, these states will be almost equally able to meet their debt obligations.
  • (IMPORTANT THREAD) "This came amid a regional convergence of interest rates on sovereign debt in Greece, Germany, Italy Portugal and Spain. What this means is the risk premium between owning Mediterranean debt – with a history economic precarity – and German bunds - with a... https://t.co/jVpQCZ7T89
  • The #Euro may be close to resuming the downtrend against the US Dollar after managing a shallow recovery from support just below the 1.08 figure. Get your $EUR market update from @IlyaSpivak here: https://t.co/WJCO0gcL8p https://t.co/B7UnWonz40
  • Hey there traders! Did you know that on top of the fundamentals and technicals, trader positioning is hinting that trends in $USDJPY and the #SP500 may continue lower? Join me in about 1.5 hours as I discuss this in depth alongside other pairs here - https://www.dailyfx.com/webinars/998956395?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/R432QfY0Ul
  • Nordic FX expected to be 2 out of the three most volatile G10 FX this week vs the US Dollar with one week implied volatility at 10.18 for NOK and 9.23 for SEK. Read @ZabelinDimitri's Nordic technical and fundamental outlook here for a more in-depth look: https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/24/US-Dollar-Aims-Higher-vs-NOK-on-Growth-Outlook-Coronavirus.html
Sterling At Crossroads With BoE Directionless

Sterling At Crossroads With BoE Directionless

2010-07-21 13:44:00
John Rivera, Currency Analyst
Share:

The GBP/USD remains in a ascending channel and is looking to re-test the lower bound. The 20-Day SMA has been supportive at 1.5157 and another failed test could lead to a reversal targeting the upper bound near 1.5575. Upcoming retail sales and GDP data is forecasted to be positive and considering that the BoE minutes revealed that member Andrew Sentance is pushing for a rate hike we could start to see interest rate expectations start to rise generating sterling support. However, the BoE minutes demonstrated the uncertainty that the committee has over future policy with a rate hike by the end of the year and additional stimulus as real possibilities. Strong fundamental data combined with inflation over the central bank’s 3.0% threshold could see markets start to price in a rate hike leading to a continuation of the current channel, but dimming growth prospects will raise the outlook for additional stimulus and could sink the Pound. Therefore, if see a break below the 20-Day SMA and trend line resistance 1.5125, a short position is favored. 

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

DISCLOSURES

News & Analysis at your fingertips.