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
Oil - US Crude
Wall Street
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
  • Encouraging move here for $GDX as it breaks out of its descending channel Meanwhile, $GLD remains locked in its downtrend
  • Heads Up:🇺🇸 Fed Bostic Speech due at 15:30 GMT (15min)
  • $USDJPY has continued lower today amidst further weakness from the US Dollar, falling to an intraday low around the 108.60 level, its lowest point in three weeks. $USD $JPY
  • While things are remarkably quiet in many global indices, the situation on the German $DAX 30 is the most impressive. At a record high, it has carved out the narrowest 7-day historical range (as %age of spot) since October 2017. Break risk high
  • Gold ($XAUUSD) is making a bid to break back above a frequented pivot level around 1765. This despite risk trends being up (against its haven status) and the Dollar holding steady (pricing factor)
  • USD/CAD: A convincing rejection of the 1.26 handle, which also coincided with the 50% fib of the 2021 range. Get your $USDCAD technical analysis from @JMcQueenFX here:
  • Hey traders! Are we witnessing a clear stretch for S&P500 and Nasdaq? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.46% 🇦🇺AUD: 0.38% 🇯🇵JPY: 0.26% 🇬🇧GBP: 0.05% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.10% View the performance of all markets via
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.86% FTSE 100: 0.85% Wall Street: 0.77% France 40: 0.46% Germany 30: 0.32% View the performance of all markets via
  • Gold back towards key resistance (1760-65) that has capped rallies over the past two months - US yields at session lows providing the latest push higher
Bullish GBPUSD, Good First Entry for Possible Big Picture Breakout Later

Bullish GBPUSD, Good First Entry for Possible Big Picture Breakout Later

Paul Robinson, Strategist

What fundamental factors are driving GBPUSD? Find out in our Q3 Forecasts.

The decline in cable off the May high is making it an interesting prospect as a long. In recent webinars, we discussed a retest of a trend-line coming down off the May peak. (You can sign up here for the Friday webinar.) Not only is there trend-line support, but due to the timing there is confluence with a swing-high set in the middle of June. So far, we are seeing GBPUSD push higher off this area of support and expectations are for it to trade back higher towards the 13000-line again (and higher).

If today’s pop off support fails, we will look again to see how price action takes shape at an even more important area of support just below 12800. So, while the first attempt might not hold success, not all will be lost if we can establish a profitable position later on at lower levels.

The first target is set at 13010, just below resistance in the vicinity of 13030/50. Looking bigger picture, a clean breakout into the 13000s could hold strong implications as there isn’t anything to the left on the chart until swing highs created from June to September of last year around the 13400/3500 area. Overall, an entry from here is viewed as a low-risk way to join in on a possible macro-move higher…


Bullish GBPUSD, Good First Entry for Possible Big Picture Breakout Later

Trade Criteria:

Entry: Long at current levels

Stop: 12795 (below today’s low)

Target: 13010 initially, 13400/500 on a break above May high

Paul conducts webinars every week from Tuesday-Friday. See the Webinar Calendar for details, and the full line-up of all upcoming live events.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

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