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
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
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here:
  • 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:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
Brexit Latest: EU's Barnier Signals Disappointment - US Market Open

Brexit Latest: EU's Barnier Signals Disappointment - US Market Open

Justin McQueen, Strategist

EUR, GBP Analysis & News

  • Brexit Talks Disappoint as EU and UK Lock Horns
  • FX Pairs Trade in Narrow Range
  • US Futures Showing Mixed Set Up

Equities: A relatively lacklustre end to the week with European equities under pressure, albeit recovering off the lows. Across the pond, US equity futures have yet to make up their mind as major bourses trade mixed ahead to the Wall Street open. The EU has continued to kick the can down the road with yesterday’s summit failing to reach a breakthrough, while the failure of Gilead’s drug (not a major surprise) has kept risk on sentiment somewhat contained.

Currencies: Narrow ranges thus far across the FX space in Europe. Germany’s IFO survey crashed to a record low, however, this was largely to be expected given yesterday’s capitulation in the PMI data. As such, the impact on the Euro has been very muted. That said, we look to Bund/BTP spreads as a sentiment tool for Eurozone risks.

Brexit: This weeks Brexit talks appear to have yielded very little (as to expected) as both parties remain wide apart on key issues. EU’s Barnier stated that there where four areas in which progress had been disappointing. As such, we question that risk premium may not be adequately priced for Sterling and thus leaving the currency vulnerable as the EU and UK continue to lock horns. Eyes on the UK’s response to the recent Brexit talks, which is likely to echo similar disappointment as the EU. Next round of Brexit talks scheduled for the week beginning May 11th.

Commodities: Gold prices have maintained a foothold above $1700 and thus the upside bias remains for the precious metal with a focus on the 2020 peak at $1747. Crude oil futures are up slightly, however, with the fundamentals largely unchanged, downside risks remain.

Looking Ahead: Baker Hughes rig count on tap, while sovereign ratings for Italy and the UK are likely to be the main focus after the US close.

Economic Calendar (24/4/20)

Brexit Latest: EU's Barnier Signals Disappointment - US Market OpenBrexit Latest: EU's Barnier Signals Disappointment - US Market Open

Source: Refinitiv, DailyFX


  1. British Pound (GBP) Latest: GBP/USD Slides Against a Powerful US Dollar by Nick Cawley, Market Analyst
  2. Australian Dollar Forecast: Key AUD/USD Levels to Watch For the Week Ahead” by Justin McQueen, Market Analyst
  3. USD/MXN – US Dollar Maintaining Bullish Stance vs Mexican Peso by Paul Robinson, Market Analyst

--- Written by Justin McQueen, Market Analyst

Follow Justin on Twitter @JMcQueenFX

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