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
Oil - US Crude
Mixed
Wall Street
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
Gold
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.12% 🇪🇺EUR: 0.11% 🇨🇭CHF: 0.04% 🇨🇦CAD: -0.01% 🇦🇺AUD: -0.03% 🇯🇵JPY: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qLDliTM9NV
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.94%, while traders in EUR/USD are at opposite extremes with 75.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/DZj92MD3hm
  • The New Zealand Dollar looks poised to extend its push higher against its haven-associated counterparts on robust economic data and a less dovish stance from the RBNZ. Get your $NZD market update from @DanielGMoss here:https://t.co/vytr4OR1Jy https://t.co/qWGrrAmsYN
  • New Zealand new home lending increases 6.3% MoM to a record NZ$7.78B - BBG $NZDUSD
  • If you missed today's session on IGCS where I discussed #DowJones, #SP500, #CrudeOil, $GBPUSD and #Gold prices, check out the recording on YouTube here - https://t.co/smORERZuGX
  • Wall Street Futures Update: Dow Jones (+0.437%) S&P 500 (+0.468%) Nasdaq 100 (+0.706%) [delayed] -BBG
  • #Copper extending gains to highest since 2014 in London -BBG
  • Hang Seng Index (HSI) has likely broken a key resistance level of 26,840, propelled by financial stocks: - HSBC (+5.28%) - Standard Chartered (+3.59%) - Ping An Insurance (+2.45%) https://t.co/XBv5In1NJ5
  • Japanese PM Suga says Japan doing everything it can to protect jobs - BBG
  • The Swiss Franc may continue higher against the US Dollar as technical pressure favors USD/CHF bears..Get your $USDCHF market update from @FxWestwater here:https://t.co/yqJbbhAWiu https://t.co/wMZn4SDCp8
GBP/USD Topping Suspicions Finally Starting To Play Out?

GBP/USD Topping Suspicions Finally Starting To Play Out?

2015-11-05 14:55:00
Kristian Kerr, Sr. Currency Strategist
Share:

My short position in GBP/USD has played out nicely thus far. Last week I was looking to sell the pair on strength against 1.5510 on the suspicion that it has been forming some sort of topping pattern these past few months. Today’s break under last week’s lows further validates this suspicion and also triggers a minor double top that projects a potential move towards 1.5000. The bigger picture level of importance for me remains the October low around 1.5100, with weakness below there really needed to confirm that the broader decline is indeed resuming. Back through 1.5445 would force a re-think.

Short Cable from around 1.5450. Took profit on half position near 1.5320 (2X initial risk). Lowered stop to breakeven on remainder.

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

DISCLOSURES