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.

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
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
Oil - US Crude
Bullish
Wall Street
Bearish
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
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here: https://t.co/i8E2AXtzF3 https://t.co/cDcjl3Ue09
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/KWOX5wSipe
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/cwSWCpKtaj
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/zu5hMovbz6
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/QMKyTBOKNG
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/aRkGoNvj6D
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/ltVTNO2sjT
  • GBP/USD clears the May low (1.3801) as the Federal Reserve forecasts two rate hikes for 2023. Get your $GBP market update from @DavidJSong here:https://t.co/WdTG2niAKz https://t.co/2j02VyH0wm
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.01% 🇪🇺EUR: -0.36% 🇨🇭CHF: -0.60% 🇨🇦CAD: -0.91% 🇦🇺AUD: -0.96% 🇳🇿NZD: -1.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HWVSmqaiYF
  • The amount of breakouts the #USD saw against its major peers this week was fairly impressive Lots of opportunities here for reversing dominant downtrends that have been prevailing for about 14-15 months Stay tuned for my USD weekly technical outlook coming out this weekend!
DailyFX Poll: Which Successor to PM May Would be Most Positive for GBP?

DailyFX Poll: Which Successor to PM May Would be Most Positive for GBP?

Martin Essex, MSTA, Analyst

Poll analysis:

  • DailyFX has conducted a poll via Twitter to find out which of the likely successors to UK Prime Minister Theresa May would be most positive for the British Pound.
  • In second place, out of four, was Jeremy Corbyn – suggesting that the financial markets are not afraid of a Labour Government.

DailyFX poll results

Over a 24-hour period on February 13/14, I asked my Twitter followers to choose between four possible successors to UK Prime Minister Theresa May, asking which of them would be most positive for Sterling. There is no indication that in the near future May will resign, be replaced as leader of the ruling Conservative Party or call a General Election but many bookies are taking bets on her successor and these four were their favorites at the time:

  • Jeremy Corbyn, leader of the main opposition Labour Party,
  • Michael Gove, Environment Secretary in the current Conservative Government and formerly Co-Convenor of the Vote Leave group that led the Brexit campaign,
  • Boris Johnson, formerly Foreign Secretary in May’s Cabinet and another prominent pro-Brexit campaigner, and
  • Sajid Javid, the current Home Secretary, a backer of Remain in the Brexit referendum and a former Managing Director at Deutsche Bank.

There were 268 votes in total, with most of the voters likely to be in the financial markets as they follow me or one of my DailyFX colleagues on Twitter, and top of the poll was Johnson – often portrayed as a popular but controversial politician who resigned from the government in criticism of May’s approach to Brexit.

More surprisingly, in second place was Corbyn. There is a widespread assumption that the financial markets prefer the Conservatives to Labour and that Corbyn would be particularly unpopular. He has advocated reversing austerity cuts, renationalization of several privatized industries and unilateral nuclear disarmament. However, our poll suggests retail traders feel a Corbyn ascent to Prime Minister might not be as detrimental to the Pound as many analysts believe.

In third place was Gove and fourth was Javid, which is also a surprise given his financial-market background.

These were the results in full:

Twitter poll results.

Whether the results reflect dissatisfaction with the Government’s approach to Brexit is impossible to know but it is noteworthy that Johnson and Corbyn, who topped the poll, are currently outside the Government while Gove and Javid are both current ministers.

More to read:

Using News and Events to Trade Forex

What Every Trader Needs to Know About the Pound

Brexit and the Pound: Why EU Might Spurn a Last-Minute Deal With the UK

Resources to help you trade the forex markets:

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you:

--- Written by Martin Essex, Analyst and Editor

Follow the @DailyFXTeam handle as well as my own @MartinSEssex to find timely updates on Brexit and future polls. Be sure to link to @DailyFXTeam and @MartinSEssex

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

DISCLOSURES