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.

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
Bullish
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
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
Wall Street
Mixed
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 66.20%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/FcTW4GHbzZ
  • US 10yr Treasury yields have slipped back below 1.10 today, but remain notably higher compared to earlier in the pandemic $USD $IEF https://t.co/PYLCZGwPHt
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.31% France 40: 0.30% Germany 30: 0.23% US 500: -0.25% Wall Street: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/079WIJ3r9O
  • $EURJPY had been heading higher today, crossing above 126.20 and hitting its highest levels since last week. $EUR $JPY https://t.co/bKsWiKxRmz
  • USD/CAD trending lower has been a theme since it peaked in dramatic fashion back in March, but the downtrend may be put to the test soon as a falling wedge pattern comes to light. Get your $USDCAD market update from @PaulRobinsonFX here:https://t.co/qjobL4Uyq9 https://t.co/wgd9nZSGpj
  • US Indices remain in the red but have pared some losses as session advances into the afternoon. DOW -0.38% NDX -0.13% SPX -0.24% RUT -0.03% $DOW $QQQ $SPY $IWM
  • A bout of risk aversion sees the Australian Dollar under pressure this morning with a larger than expected drop in retail sales adding to the soft tone for the currency. Get your $AUD market update from @JMcQueenFX here:https://t.co/fCa9gCxxxk https://t.co/WaAG58Ztar
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 64.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/juDA0EsIR7
  • Totally normal market behavior happening in $GME which was just halted after surging 69% in the session https://t.co/UT6RrOhZ2L
  • $EURCAD hit an intraday high just shy of 1.5500 before turning slightly downward. The pair is currently trading at its highest levels since early last week. $EUR $CAD https://t.co/Cj6Vu9Rg5L
GBP/USD Dives as Brexit Fears Spread to Global Equities

GBP/USD Dives as Brexit Fears Spread to Global Equities

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- GBP/USD has quickly sliced through range support near $1.4300.

- GER30 and JPN225 breaking lower out of recent triangles.

- FX volatility set to remain high with FOMC and Brexit vote next two weeks - it's the right time to review risk management principles to protect your capital.

Risk assets have continued to slide to start the week as a light economic calendar and negative, deeply saddening news headlines have given investors reason to pull back. Unfortunately, the sick events that unfolded in Orlando over the weekend are eerily reminiscent of the cowardly acts that took place in Brussels back in March. For the British Pound in particular, the news out of Orlando regarding the attacks represents another piece of emotional evidence for the 'vote to leave' camp for the UK-EU referendum next Thursday, June 23.

The acts of terror perpetrated in Orlando over the weekend - after Brussels in March and Paris last November - are the types of events that will feed into a 'fear-driven' mindset when it comes to the June 23 vote. The British Pound is taking the brunt of the collateral damage (the event is easily transferable in the minds of British voters), and we're likely to see the next wave of negativity regarding the vote hit the newswires over the next few days.

With said events unfolding on the doorstep of the June 23 vote, global investors are waking up to the growing possibility of the UK leaving the European Union. Aside from the fact that the GBP/USD, which saw its range break below $1.4300 on Friday and implied volatility run to its highest levels since the day of Scottish referendum in September 2014 (and we're still nine full days away from the vote(!)), global equities are spilling over on the news - a clear sign that investors feel the odds of a Brexit are increasing.

As GBP/JPY has slumped into fresh yearly lows, the German DAX (CFD: GER30) and the Japanese Nikkei 225 (CFD: JPN225) have just broken out of their respective multi-week triangles to the downside. Put in context of the recent sharp rise in precious metals, there are clear warning signs going off about the state of risk in global markets and the economy.

See the video (above) for technical considerations in EUR/USD, GBP/USD, USD/JPY, AUD/USD, GBP/JPY, and the USDOLLAR Index.

Read more: Mounting Brexit Tensions Weighing on Euro as UK Vote Nears

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

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.

DISCLOSURES