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
Oil - US Crude
Mixed
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
  • EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Mar 10, 2021 when EUR/JPY traded near 129.31. A contrarian view of crowd sentiment points to EUR/JPY weakness. https://www.dailyfx.com/sentiment https://t.co/59zAMabrWa
  • 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: https://t.co/9S5tXIs3SX https://t.co/fW0bZwEmyN
  • 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: https://t.co/CNtqrKWDBY https://t.co/zwj1GW1Isz
  • 🇵🇱 Employment Growth YoY (MAY) Actual: 2.7% Expected: 2.5% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-06-18
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 83.48%, while traders in France 40 are at opposite extremes with 75.51%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HMT6LyyKQO
  • Heads Up:🇵🇱 Employment Growth YoY (MAY) due at 08:00 GMT (15min) Expected: 2.5% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-06-18
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 1.32% Gold: 0.79% Oil - US Crude: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XrFcwZnnix
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/sNccrLBlhH
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.03% 🇦🇺AUD: -0.26% 🇳🇿NZD: -0.44% 🇬🇧GBP: -0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/z7VcGOqJws
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: US 500: 0.07% Wall Street: 0.06% Germany 30: 0.00% France 40: -0.05% FTSE 100: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/m5r5lzDOiH
British Pound Soars as UK PM Theresa May Considers Brexit Delay

British Pound Soars as UK PM Theresa May Considers Brexit Delay

Daniel Dubrovsky, Strategist

Asia Pacific Market Open Talking Points

  • British Pound soars on the latest Brexit update
  • US President Donald Trump sends oil lower
  • Upbeat mood in markets may fall apart next

See our study on the history of trade wars to learn how it might influence financial markets!

Breaking News: British Pound Soars on Brexit Latest

The British Pound is aiming higher against its major counterparts in early Tuesday trade after reports that UK Prime Minister Theresa May is considering delaying Brexit. Later today, she is expected to put the issue of extending Article 50 to a meeting of Cabinet ministers. Then, Parliament should be updated of the Cabinet’s choice.

GBP/USD Reaction to Brexit News

GBP/USD Brexit News Reaction

Chart Created in TradingView

Monday’s Major Developments

Sentiment generally continued improving throughout most of the day on US-China trade news. US President Donald Trump said that he would postpone a tariff hike on $200b in Chinese imports. Trade wars remain a wildcard for risk trends given their complicated nature. As we saw over the past 24 hours, some uncertainty surrounding these negotiations remain as they head into their final stages.

Despite a pullback in the S&P 500 towards the end of the day, the index still finished higher but near-term resistance was reinforced. The pro-risk Australian and New Zealand Dollars still aimed higher while the anti-risk Japanese Yen fell flat on its face. Crude oil prices sunk as US President Donald Trump expressed his disdain for higher costs and OPEC’s efforts to reduce supply.

The US Dollar generally weakened as a rise in equities sapped the demand for haven-linked assets. Looking ahead, Asia’s trading session is lacking notable economic event risk. This places the focus on sentiment and market mood. S&P 500 futures are pointing a little bit lower, suggesting that the late declines in US equities on Monday might have more room to continue. Curiously, AUD/USD’s climb on Monday left it sitting squarely on resistance as a bearish reversal pattern overshadows upside progress.

US Trading Session Economic Events

British Pound Soars as UK PM Theresa May Considers Brexit Delay

Asia Pacific Trading Session Economic Events

British Pound Soars as UK PM Theresa May Considers Brexit Delay

** 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.

DISCLOSURES