Skip to Content
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
More View More
Top Trading Lessons: Technicals Hold All the Weight, Not the Click-Bait

Top Trading Lessons: Technicals Hold All the Weight, Not the Click-Bait

Michael Boutros,

Heading into the start of 2019, the news headlines and financial publications would have had you thinking the UK economy was going into a tailspin with many calling for parity on GBP/USD as concerns over a disorderly Brexit continued to take root. While no deal has yet been reached heading into the final days of December trade, Sterling is poised to close markedly higher on year after rebounding sharply off the 2016 post-Brexit lows in early September. So, what gives?

Top Trading Opportunities in Q2
Top Trading Opportunities in Q2
Recommended by Michael Boutros
Download our Top Trading Lessons for 2020
Get My Guide

They might make for snazzy titles and garner a lot of pageviews, but when it comes to trading, the headlines are the last place you should base your trade ideas. At the end of the day, you are trading price action – not headlines, central bank policy, or inflation expectations – but rather the reaction to these releases. Let the technicals be your guide, and the headlines be your trigger – Always remember, markets do not reward the masses and when it comes to viable trade opportunities, the perceived ‘conventional wisdom’ is oftentimes anything but.

--- Written by Michael Boutros, Technical Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex

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