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
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true. Simplify your trading strategy with these four indicators here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • “The UK and EU have agreed to return to the negotiating table to try to agree a post-#Brexit trade deal. But on Friday, a joint statement said ‘significant divergences’ remained.” - BBC News #GBP
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here:
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here:
  • The rising wedge is a popular reversal pattern that is predictive in nature and can give traders a clue to the direction and distance of the next price move. Incorporate the rising wedge in your trading strategy and learn more here:
  • Both the S&P 500 and $EURUSD will enter the coming week with momentum to their back. What can trip up the rallies? What could keep them going? My overview for the week ahead:
  • After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council. Get your $EURUSD market update from @MartinSEssex here:
  • Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. Learn about triangles here:
  • Continuation patterns can present favorable entry levels to trade in the direction of the prevailing trend. Use continuation patterns in your technical analysis here:
UK Votes for Brexit - Markets Highly Volatile - Caution Advised

UK Votes for Brexit - Markets Highly Volatile - Caution Advised

2016-06-24 04:45:00
Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- Recent results: SkyNews reports 51.8% to 48.2%.

- BBC, SkyNews, and ITV call UK-EU referendum for 'Leave.'

- FX volatility is set to remain high - it's the right time to review risk management principles to protect your capital.

The official tallies are still coming in, but it looks like ‘Leave’ will take it. A Brexit, which was widely dismissed as a non-event – FX options were pricing in a 20% chance of a Brexit, while betting markets (as aggregated by OddsChecker) were pricing only a 25% before polls closed today – is now at the doorstep of being a gamechanger.

It’s still early, but it’s important to understand and appreciate the magnitude of the event. To no uncertain degree, this result now throws into question the viability of the European Union. Already, in the wake of the initial results, we’ve heard from political parties in Scotland (to stay in the EU and not follow the rest of the UK out) and in Holland (to hold a referendum to leave the EU). What was once seen as an outside, minimized tail-risk, is now a very real possibility: the European Union ceases to persist in its current form.

Markets have reacted with shock and awe around this historical evening, with GBP/USD putting its single largest move since 1985 and establishing its largest daily trading range in history – and the day is not even half over yet. European cash equity markets haven’t opened yet, and US equities are just under 9 hours from opening; markets may be panicking, but the panic is just setting in.

While this may be a tempting environment to trade in due to the volatility, it’s incredibly important to understand and appreciate the magnitude and potential fallout of this event. Individual position risk should be kept low – minimal leverage used – and risk management needs to be highly active, if you’re going to trade whatsoever.

An event on this scale means standard technical analysis matters less – liquidity is thin and levels aren’t being respected. This is when spreads widen and slippage can occur. Don’t be a hero, don’t try to catch a falling knife, etc – the market reaction is just beginning.

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

FX volatility is set to remain high with the UK voting to leave the EU - it's the right time to review risk management principles to protect your capital.

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