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
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
  • (Special) Canadian Dollar Analysis, Will Momentum Continue? USD/CAD, GBP/CAD, CAD/JPY #CAD $USDCAD $GBPCAD $CADJPY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.44% 🇳🇿NZD: 0.38% 🇨🇦CAD: 0.30% 🇨🇭CHF: 0.05% 🇯🇵JPY: 0.03% 🇬🇧GBP: 0.02% View the performance of all markets via
  • Heads Up:🇯🇵 Tertiary Industry Index MoM (FEB) due at 04:30 GMT (15min) Previous: -1.7%
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.20% US 500: 0.14% FTSE 100: -0.02% Germany 30: -0.04% France 40: -0.07% View the performance of all markets via
  • 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 Dollar took out the 50-day moving average to start the week and we are now slipping through the 100 DMA to start Tuesday trade. Watching $USDJPY, GBPUSD and earnings into Tuesday trade
  • Australian Dollar Price Outlook: AUD/USD, AUD/JPY, AUD/NZD, AUD/CHF - $AUD $AUDNZD $AUDUSD $AUDJPY
  • $AUDUSD, Australian govt. bond yields rising after #RBA minutes They mentioned a 1st step to tapering 'is likely to occur end of June' when TFF is likely to end They also said they may consider extending it amid deterioration in financial system, but signs are currently missing
  • 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:
GBP/USD Unchanged As Consumer Sentiment Survey Offsets Business Slip

GBP/USD Unchanged As Consumer Sentiment Survey Offsets Business Slip

Christian Lewis,

Talking Points

  • The GBP/USD was little changed after better than expected consumer confidence
  • GfK consumer confidence -7 vs -8 expected and -12 recorded previously
  • Lloyds business sentiment report dropped to 16 in August from previous 29 read

Keep an eye on short-term trends for the using the Grid Sight Index (GSI) here.

The British Pound was little changed against its US counterpart after a less gloomy post referendum consumer confidence survey crossed the wires. GfK consumer confidence came in at -7 for August versus -8 expected and -12 recorded in July. While improved from July this consumer confidence poll remained weaker than the -1 reading that preceded the June 23 ‘Brexit’ vote.

The July survey drop to -12 represented the sharpest slide in consumer confidence in more than two decades, so a better-than-expected August poll may indicate that consumers are feeling less concerned about their own finances as more time passes after the UK’s decision to part with the European Union without full economic fallout. Looking into the components of the survey, the balance of those consumers that saw their financial position improving over the next 12 months versus those that saw it deteriorate rose to a +4 reading from July’s tumble to -1 (prior to that, it had been positive since January 2014). The assessment of economic conditions over the subsequent 12 months climbed up from a deeper hole – from a four-and-a-half year low -33 to a more moderate -22.

Another indicator to cross the wires was the Lloyds Business Barometer for the same month. In contrast to consumers, business leaders saw their enthusiasm cool with the indicator falling to 16 from 29. This survey showed a steep drop before the Brexit vote and unexpected recovery the month after. In the details of this survey, the ‘current economic optimism’ measure slipped to 12 from 17. Potentially alarming was the projections of business activity 12 months forward which dropped to a four-and-a-half year low.

Meanwhile, the DailyFX Speculative Sentiment Index (SSI) is showing a reading of 1.3 following the announcement, meaning that for every trader short theGBP/USD, there are 1.3 on the long side. The SSI is a contrarian indicator at extremes. Real volume continues to settle after the exception swell in turnover in the two to three weeks immediately following Brexit.

Want to learn more about the DailyFX SSI indicator? Click here to watch a tutorial.

GBP/USD Unchanged As Consumer Sentiment Survey Offsets Business SlipGBP/USD Unchanged As Consumer Sentiment Survey Offsets Business SlipGBP/USD Unchanged As Consumer Sentiment Survey Offsets Business Slip

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