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
Oil - US Crude
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
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.15% 🇬🇧GBP: 0.00% 🇨🇦CAD: -0.00% 🇯🇵JPY: -0.06% 🇪🇺EUR: -0.06% 🇨🇭CHF: -0.11% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 76.22%, while traders in France 40 are at opposite extremes with 86.42%. See the summary chart below and full details and charts on DailyFX:
  • S&P 500, Nikkei 225 Outlook: Stocks Hit Record High as VIX Falls
  • Please join @IlyaSpivak at 22:00 EST/2:00 GMT for your cross-market weekly outlook webinar. Register here:
  • *Schedule Reminder: Weekly Strategy Webinar on Monday at 8:30am EST (12:30GMT) with DailyFX - Mid-Week Market Update on Wednesday at 9:30am EST (13:30GMT) with IG -
  • 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:
  • 8 out of 11 S&P 500 sectors ended higher, with 69.5% of the index’s constituents closing in the green. Financials (+0.61%) and information technology (+0.56%) outperformed, while healthcare (-0.73%) and real estate (-0.59%) trailed behind.
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • What is your forex trading style? Take the quiz and find out:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
EUR/USD Aims for 1.2750, GBP/USD Clear Critical 1.6260 Level

EUR/USD Aims for 1.2750, GBP/USD Clear Critical 1.6260 Level

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD sitting at lowest levels in 13-months.

- GBPUSD gaps open below pivotal 1.6260 level.

- See the DailyFX Economic Calendar for Monday, September 8, 2014.

European FX selling pressure has intensified over recent days, and the bump in volatility and volume supports the USD-favorable breakout in prices. EURUSD is hovering near its lowest levels since July 10, 2013, and the recent breakdown may point to a further decline into the April and July 2013 lows near $1.2750.

Whereas the Euro breakdown has been pushed by a concrete catalyst - the ECB's decision to move forward with new easing measures - the British Pound's collapse since mid-July has been purely speculative. Concerns of the Scottish independence vote have intensified as a recent poll showed that the country with split from Britain - and the Pound.

The resulting gap lower in GBPUSD this week sees the pair slice through a formerly pivotal level at $1.6260, which has provided both support and resistance to the pair on numerous occasions the past two years, most recently from October through December 2013.

One potential knock-on effect of this Scottish vote, if they choose their independence, is that other European countries may become emboldened to exit their respective currency unions as well; if Scotland can leave the UK, why can't Italy leave the Euro?

Read more: Euro Punished by ECB’s New Measures as QE Remains on Hold

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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