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
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
More View more
Real Time News
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: #DailyFXGuides
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
British Pound Dips as UK Service PMI Misses Expectations

British Pound Dips as UK Service PMI Misses Expectations

David Maycotte,

Talking Points

-UK Services PMI gauge Unexpectedly Fell in December

-Service-Sector Activity Growth Has Now Slowed for 2 months

-British Pound Fell vs. US Dollar Following PMI Data Release

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

The UK Services PMI gauge unexpectedly fell to 58.5 in December, missing expectations of a print at 60.3 and inching lower from the 60.0 outcome recorded in November. The outcome marked the second consecutive slowdown in service-sector activity growth. The British Pound declined as the data crossed the wires as traders considered the implications of ebbing momentum in the largest sector the UK economy. The move lower was short-lived however: details of the PMI report showed the pace of service-sector hiring hit another record high, which markets probably saw as supportive considering the BOE is now targeting the unemployment rate as its key policy variable.

British_Pound_Dips_as_UK_Service_PMI_Misses_Expectations_body_Picture_1.png, British Pound Dips as UK Service PMI Misses Expectations

Charted created by David Maycotte using Marketscope 2.0.

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to

Get Real-Time Feedback on Your Trades with DailyFx on Demand!

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