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. See our updated Privacy Policy here.



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
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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • 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:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
UK Votes for Brexit - Markets Highly Volatile - Caution Advised

UK Votes for Brexit - Markets Highly Volatile - Caution Advised

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.