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.

Free Trading Guides
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
More View more
Real Time News
  • The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the #SP500. What does this mean for $AUDUSD and $NZDUSD ahead? #AUD #NZD #RBA #RBNZ - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/17/AUDUSD-NZDUSD-Outlook-Looks-Past-Stocks-to-Rate-Cut-Bets.html?CHID=9&QPID=917702 https://t.co/ddf2fV7Kyl
  • A few snippets from today's commentary. Check out the link below for the full story (via @DailyFX). https://t.co/I31tuq764r https://t.co/x0BaiOFA1P
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/e2YrN3dBrl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.00%, while traders in France 40 are at opposite extremes with 79.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UL7hqSD2Ki
  • US Dollar Forecast: $USD Lacking Impetus Ahead of Consumer Sentiment #Forex traders shift focus away from US-China trade deal headlines - perhaps toward the monthly release of #ConsumerSentiment data for volatility and clues on the Greenback's next move https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/01/16/us-dollar-forecast-usd-lacking-impetus-ahead-of-consumer-sentiment.html
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.11% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.03% 🇨🇭CHF: -0.05% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kxcb9EtIWb
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.45% France 40: 0.26% Wall Street: 0.07% US 500: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/I5YIsKQAog
  • 🇯🇵 JPY Tertiary Industry Index (MoM) (NOV), Actual: 1.3% Expected: 1.0% Previous: -5.2% https://www.dailyfx.com/economic-calendar#2020-01-17
  • The $JPY has weakened as a bounce-back in risk appetite saps haven-asset demand. However, the old uptrend line still provides clear resistance. Get your market update from @DavidCottleFX HERE:https://t.co/IMhgQ9jbF9 https://t.co/I7087olftk
  • Heads Up:🇯🇵 JPY Tertiary Industry Index (MoM) (NOV) due at 04:30 GMT (15min), Actual: N/A Expected: 1.0% Previous: -4.6% https://www.dailyfx.com/economic-calendar#2020-01-17
GBP Prices Jawboned by Brexit News, AUD/USD May Look Past Jobs Data

GBP Prices Jawboned by Brexit News, AUD/USD May Look Past Jobs Data

2018-11-15 00:00:00
Daniel Dubrovsky, Analyst

Asia Pacific Market Open – British Pound, Brexit, Theresa May, Crude Oil, AUD/USD

  • British Pound highly volatile on latest Brexit updates, Theresa May’s deal heads to parliament next
  • Crude oil prices paused 1984+ record losing streak on OPEC headlines as Apple hurt US equities
  • AUD/USD may look past jobs data for risk trends as anti-risk Japanese Yen may appreciate ahead

Check out our 4Q forecast for the British Pound in the DailyFX Trading Guides page

The British Pound continued being jawboned by the latest Brexit headlines. Earlier this session, reports that a couple of members of parliament could resign sent it lower. Then, Sterling was uplifted as UK Prime Minister Theresa Mayannounced a Brexit deal that her cabinet agreed on. By the end of Wednesday’s session, GBP/USD was little changed.

Not only is this trading dynamic the case on a near-term basis, but Sterling in general has been struggling to find direction lately. Looking at an equally weighted basket on the chart below, GBP remains in consolidation mode after it halted its descent in August. More obstacles remain down the road for Brexit talks including Mrs. May getting her draft pushed through parliament and an EU-UK summit some time later this month.

GBP Index (Average Versus EUR, JPY, CAD and USD)

GBP Prices Jawboned by Brexit News, AUD/USD May Look Past Jobs Data

Chart created in TradingView

Crude oil prices halted its longest consecutive losing streak since at least 1984 in the wake of comments from OPEC’s President. United Arab Emirates Energy Minister Suhail Al Mazrouei said that the cartel and its allies will ‘adjust production as needed to balance the market’. The sentiment-sensitive commodity also followed S&P 500 futures higher into Wall Street open.

Speaking of, most US benchmark stock indexes ended the day lower. The S&P 500 dropped about -0.76% as Apple shares slid about 2.82% and entered into bear market territory. As such, we may see Asia Pacific stocks echo weakness from Wall Street. This may bolster the anti-risk Japanese Yen.

Meanwhile the pro-risk Australian Dollar may look past domestic jobs data in the medium-term given that the RBA is committed to keeping rates unchanged for the time being. AUD/USD is struggling to obtain bullish confirmation after trying to overturn its dominant downtrend.

US Trading Session

GBP Prices Jawboned by Brexit News, AUD/USD May Look Past Jobs Data

Asia Pacific Trading Session

GBP Prices Jawboned by Brexit News, AUD/USD May Look Past Jobs Data

** All times listed in GMT. See the full economic calendar here

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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


News & Analysis at your fingertips.