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.



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
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.86%, while traders in NZD/USD are at opposite extremes with 69.17%. See the summary chart below and full details and charts on DailyFX:
  • The Indian #Rupee may weaken following a breakout higher in $USDINR over the past 24 hours. Despite rising global stock market volatility, the #nifty50 has been holding its ground. Could it capitulate lower? -
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.28% 🇨🇦CAD: 0.24% 🇬🇧GBP: 0.16% 🇨🇭CHF: 0.10% 🇪🇺EUR: 0.07% 🇯🇵JPY: -0.15% View the performance of all markets via
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.95% Wall Street: 0.95% France 40: 0.56% Germany 30: 0.46% FTSE 100: 0.27% View the performance of all markets via
  • $USD Technical Analysis: $AUDUSD, $EURUSD, $GBPUSD Key Levels to Watch -
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here:
  • BoJ: Risks are tilted to downside for economic, price outlook. Outlook assumes no large-scale spread of virus -BBG
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • BoJ downgrades view on FY2020 CPI and GDP, adding that it will take more action without hesitation if needed -BBG
  • BoJ: Maintains policy balance rate at -0.1% Maintains 10-year JGB yield target at about 0% -BBG
GBP/USD Surges on Irish Backstop Hopes - US Market Open

GBP/USD Surges on Irish Backstop Hopes - US Market Open

2019-09-13 13:00:00
Justin McQueen, Analyst

MARKET DEVELOPMENT – GBP/USD Surges on Irish Backstop Hopes

DailyFX 2019 FX Trading Forecasts

GBP: Sterling has been the notable mover, gaining over 0.9% against the greenback as Brexit optimisim underpins with the pair seeing its largest weekly gain since May. A report in the Time newspaper snoted that the DUP would accept Northern Ireland abiding by some EU rules after Brexit as part of a new deal in order to replace the Irish backstop. That said, with the threat of an imminent no-deal continuing to ease, the short-covering has kept the Pound elevated. However, unlike the DUP, the rhetoric stemming from the Irish PM has been less optimistic that a deal can be reached. Elsewhere, eyes will be on the outcome following UK PM Johnson’s and EU’s Juncker meeting on Monday. On the option front, $620mln worth of expiries at 1.2450 has largely kept a lid on further GBP/USD.

CAD: The Canadian Dollar is among the underperforming currencies across the G10 complex with USDCAD back above 1.32. Uncertainty regarding the upcoming Canadian election on October 21st is likely to keep gains limited for the Loonie, while softer oil prices have also pressured the currency. As it stands, the Canadian Dollar is on course for its worst week against the greenback since July. That said, with little left on the economic scehdule, risk sentiment is likely to dictate price action throughout the rest of the session.

GBP/USD Surges on Irish Backstop Hopes - US Market Open

Source: DailyFX


  1. US Dollar Uptrend Under Pressure Ahead of Sales Data and FOMC Rate Decision” by Nick Cawley, Market Analyst
  2. Dow Jones, S&P 500, NDX Technical Outlook as Record Highs Near” by Paul Robinson, Currency Strategist
  3. Most Volatile Currencies Next Week - US Dollar, GBP/USD” by Justin McQueen, Market Analyst
  4. Using FX To Effectively Trade Global Market Themes at IG” by Tyler Yell, CMT , Forex Trading Instructor

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at

Follow Justin on Twitter @JMcQueenFX

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