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
GBP/USD
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
More View more
Real Time News
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/z8z6BNudn5
  • #PELOSI SAYS WE ARE GOING TO PASS THE INFRASTRUCTURE BILL THIS WEEK PELOSI SAYS SHE WILL NEVER BRING TO THE HOUSE FLOOR A BILL THAT DOESN'T HAVE THE VOTES TO PASS $USD $SPX $XAUUSD
  • Short-term uncertainties to keep the pressure on equity markets. Get your weekly equities forecast from @JMcQueenFX here: https://t.co/JLMDPZKvN8 https://t.co/YbdJnwoqj1
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/hqW38VawJl
  • - Unreal atmosphere - Shame about the result, but no complaints - Usyk masterclass - Heavyweight division blown wide open https://t.co/BKCLJTDk9h
  • The USD could still rally a bit from here, but has resistance not far ahead that it will need to overcome if it is to extend to a larger degree. Get your weekly $USD technical forecast from @PaulRobinsonFX here: https://t.co/n0CVWWOJDe https://t.co/0uLjsQ2gwM
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/nfiFAlyYXv
  • 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: https://t.co/Blrl0unrdT https://t.co/mIsVJ4zTbB
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/hymrumanUY
  • 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: https://t.co/kODPAfs2Iz https://t.co/6dAqxsVfxJ
US Dollar, Dow Jones, Gold Prices, Euro, British Pound: Markets Week Ahead

US Dollar, Dow Jones, Gold Prices, Euro, British Pound: Markets Week Ahead

Sentiment in financial markets mostly recovered after fears around the coronavirus wrecked equities across the globe. The S&P 500, DAX and Nikkei 225 gained this past week, sending the pro-risk Australian Dollar to the upside on average aside from the US Dollar. Market mood ended on a cautious note Friday with a lack of a material increase in the Fed’s balance sheet.

Rising U.S. government bond yields throughout most of the past 5 days meant the markets were lessening dovish expectations from the Federal Reserve. This aided the US Dollar, which saw notable gains against some of its European peers such as the Euro and British Pound. Anti-fiat gold prices cautiously fell as sentiment-linked crude oil prices appeared to find a bottom.

China’s economy is expected to slow further amid the coronavirus outbreak and time will tell if the effects will be temporary or reveal deeper financial flaws. In the week ahead, the focus may turn to economic event risk and central bankers. Fed Chair Jerome Powell is to testify for Congress during his semiannual report while ECB President Christine Lagarde addresses the EU Parliament.

The Reserve Bank of New Zealand is expected to keep rates unchanged at 1.00 percent, but its forward guidance may spark NZD/USD volatility. Mexico’s central bank is anticipated to cut rates by 25-bp however. EUR/USD and GBP/USD may be closely watching growth reports from Germany and the United Kingdom respectively.

Fundamental Forecasts:

Euro Weekly Price Forecast: Fundamentals, Data Suggest a Terminal Decline

The Euro remains under downside pressure after a week when any short-term bullish sentiment was all but wiped out. Next week’s Euro-Zone and German GDP data may well confirm this bearish breakout.

Australian Dollar May Be Back to Virus-Watch After RBA Boost

The Australian Dollar rose after domestic interest rates were left alone even though the decision had been expected. It’s still under duress though and can’t hope for a similar RBA rescue this week.

USD/MXN Outlook: Mexican Peso Defies Fundamentals Ahead of Rate-Cut Decision

The Mexican Peso appreciated a further 1.76% against the US dollar during this past week, but a short-term correction has come into play ahead of next week’s interest rate decision.

Crude Oil May Recover on Powell Testimony, Tariff Reduction

Crude oil prices may rise if Fed Chairman Jerome Powell’s congressional testimony and the US-China tariff reduction cool slowdown fears and boost the growth-reliant commodity.

Dow Jones, DAX 30 & FTSE 100 Fundamental Forecasts

Global equity markets regained their footing last week as coronavirus fears subsided and risk appetite reemerged. Can equities continue to disregard the impact on economic activity?

Technical Forecasts:

US Dollar Price Outlook: USD Breakout Targets Resistance– DXY Levels

US Dollar marked the largest weekly advance since August with the index surging to four-month highs post-NFP. Levels that matter on the DXY weekly technical chart.

Canadian Dollar Forecast: USD/CAD, GBP/CAD, AUD/CAD, CAD/JPY

The Canadian Dollar is testing big levels against the US Dollar, British Pound and the Yen. Will CAD bears be able to continue driving in USD/CAD?

British Pound Outlook Bearish: GBP/USD, EUR/GBP, GBP/JPY, GBP/AUD

The British Pound may be at risk to the US Dollar, Euro, Japanese Yen and Australian Dollar. What’s in store for GBP/USD, EUR/GBP, GBP/JPY and GBP/AUD from a technical standpoint?

Dow Jones, Nasdaq 100, DAX Technical Forecast

Markets sprang back to life last week, tough to be a seller but chasing also not the easiest thing to do; charts and levels to watch.

Australian Dollar (AUD) Forecast: AUD/USD, AUD/JPY, AUD/NZD

The Australian Dollar attempted a recovery effort last week across a variety of pairs as risk appetite reemerged, but resistance will have to be surpassed if the recoveries are to continue.

Gold Weekly Price Forecast: XAU/USD A Pull back or A Comeback?

In late January, Gold rallied to multi- week high. However, uptrend move has paused this month. Here are the key chart signals and levels to keep an eye in the short term.

Currency Performance Chart

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

DISCLOSURES