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
Please try again
Oil - US Crude
Wall Street
More View more

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • Had the pleasure of sitting down with @GuyAdami and @RiskReversal for another episode of The Macro Setup to discuss $GLD $BTC and $SPX ahead of earnings season and the Coinbase IPO Watch here -
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.41% Germany 30: 0.06% Wall Street: 0.00% FTSE 100: 0.00% US 500: -0.01% View the performance of all markets via
  • #Bitcoin breaks out to fresh all-time highs as investors cast an eye to the long awaited Coinbase IPO #BTC $BTCUSD
  • NY Fed Treasury purchase schedule remains unchanged - BBG
  • Silver posting a strong session, now up 2.3% on the day. In recent trade, silver has struggled to break above the 50-day EMA $XAG $USD
  • Bitcoin sets another record high. BTC/USD gains traction in anticipation of Coinbase IPO. Get your $btc market update from @Tams707 here:
  • Heads Up:🇺🇸 Fed Bostic Speech due at 19:15 GMT (15min)
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 2.28% Gold: 0.78% Oil - US Crude: 0.14% View the performance of all markets via
  • Mitch McConnell: There is no GOP support for repealing the tax bill $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.36%, while traders in France 40 are at opposite extremes with 75.62%. See the summary chart below and full details and charts on DailyFX:
GBP/USD May Low Back in Focus as U.K. CPI Disappoints

GBP/USD May Low Back in Focus as U.K. CPI Disappoints

David Song, Strategist

Talking Points:

- GBP/USD Struggles Ahead of U.K. Jobless Claims Report- May Low in Focus.

- AUD/USD Risks Larger Pullback on Slowing China Inflation.

- USDOLLAR Pushes to Fresh Weekly High- U.S. Retail Sales on Tap.

For more updates, sign up for David's e-mail distribution list.


GBP/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • GBP/USD struggles to hold its ground as the U.K. Consumer Price Index (CPI) unexpectedly contracts 0.1% in September; may see the sterling face increased headwinds should Bank of England’s (BoE) Andrew Haldaneendorse a dovish outlook for monetary policy, which may spur a larger run at the May low (1.5088).
  • With U.K. Jobless Claims expected to contract 2.2K in September, a further improvement in the labor market accompanied by stronger wage growth may boost the appeal of sterling as it boosts the outlook for growth and inflation.
  • DailyFX Speculative Sentiment Index (SSI)shows retail crowd remains net-long GBP/USD since August 21, while the ratio appears to be working its way back towards recent extremes as it climbs to +2.49, with 71% of traders long.


AUD/USD Daily Chart
  • Even though China’s Trade Surplus unexpectedly widened in September, the Australian dollar lags behind its major counterparts as the report showed a 20.4% decline in imports; may see the near-term advance in AUD/USD continue to unravel as China’s Consumer Price Index (CPI) is expected to slow to an annualized 1.8% from 2.0% in August.
  • Need a break/close above 0.7380 (50% retracement) to 0.7390 (78.6% expansion) to favor a further advance especially as the RSI turns ahead of bought territory.
  • Failure to hold above 0.7220 (23.6% expansion) to 0.7240 (100% expansion) may spur a resumption of the long-term downward trend especially as the Reserve Bank of Australia (RBA) favors a weaker exchange rate.

Join DailyFX on Demand for Real-Time SSI Updates Across the Majors!

Read More:

Price & Time: Crude Fails At Widely Watched Moving Average Again

Webinar: USD Weakness Targets Key Support- Comm Bloc Overstretched?

USDOLLAR(Ticker: USDollar):





Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index






GBP/USD May Low Back in Focus as U.K. CPI DisappointsUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • With the Dow Jones-FXCM U.S. Dollar continuing to close above the 200-Day SMA (11,919), the greenback may face a larger rebound as U.S. Retail Sales are projected to increase another 0.2% in September.
  • As the Fed continues to endorse a 2015 liftoff, the Beige Book may highlight an improved outlook across the 12-districts, but the statement may provide little hints on the timing of the rate-hike.
  • With USDOLLAR holding above 11,898 (50% retracement) to 11,901 (78.6% expansion), a close above the Fibonacci overlap around 11,951 (38.2% expansion) to 11,965 (23.6% retracement) may highlight a larger advance for the greenback.

Join DailyFX on Demand for Real-Time SSI Updates!

GBP/USD May Low Back in Focus as U.K. CPI Disappoints

--- Written by David Song, Currency Analyst

To contact David, e-mail Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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