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.



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
More View more
Real Time News
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • 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:
  • Gold price action is primed for volatility next week with the Fed decision on deck. How real yields and the US Dollar react to fresh guidance from Fed officials will be key for gold outlook. Get your weekly gold forecast from @RichDvorakFX here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Canadian Dollar snapped a three-week losing streak after USD/CAD stalled at key technical resistance. Get your CAD weekly forecast from @MBForex here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
Asia AM Digest: British Pound Drops as Tory MPs Challenge PM May

Asia AM Digest: British Pound Drops as Tory MPs Challenge PM May

DailyFX Research,

Get the Asia AM Digest every day before Tokyo equity markets opensign up here!

The British Pound is facing broad-based selling pressure at the start of the trading week following a report that as many as 40 Conservative Party MPs agreed to sign a letter of no confidence in Prime Minister Theresa May. That is almost enough to trigger a leadership challenge and casts a cloud of uncertainly around already stalled Brexit negotiations.

Meanwhile, the US Dollar is tracking broadly higher having mounted a recovery after hitting a one-week low on Friday. The currency is rising alongside benchmark 10-year Treasury bonds while yields are falling, hinting that the greenback has reclaimed a degree of safe-haven appeal as sentiment sours across Asia Pacific bourses. Regional shares are trading broadly lower.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

Asia AM Digest: British Pound Drops as Tory MPs Challenge PM May

DailyFX Webinar CalendarCLICK HERE to register

Asia AM Digest: British Pound Drops as Tory MPs Challenge PM May

IG Client Sentiment Index Chart of the Day: GBP/USD

Asia AM Digest: British Pound Drops as Tory MPs Challenge PM May

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 51.6% of traders are net-long GBP/USD, with the ratio of traders long to short at 1.07 to 1. In fact, traders have remained net-long since Nov 01 when GBP/USD traded near 1.30522; price has moved 1.2% higher since then. The percentage of traders net-long is now its lowest since Nov 02 when GBP/USD traded near 1.30522. The number of traders net-long is 19.1% lower than yesterday and 33.5% lower from last week, while the number of traders net-short is 6.0% higher than yesterday and 29.7% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current GBP/USD price trend may soon reverse higher despite the fact traders remain net-long.

Five Things Traders are Reading

  1. Weekly Trading Forecast: Volatility Ahead on Key Data, US Tax Cut by DailyFX Research
  2. Weak Volatility Actually Weighing Wall Street, FX Traders Await Central Bank by John Kicklighter, Chief Currency Strategist
  3. A Weekly Technical Perspective on DXY, AUD/USD, USD/CAD & Crude by Michael Boutros, Currency Strategy
  4. GBP/USD Resilience to Persist Ahead of U.K. CPI, Slew of BoE Rhetoric by David Song, Currency Analyst
  5. U. of Michigan: Will Income Gains Be Sufficient to Outweigh Rate Hikes? by Dylan Jusino, DailyFX Team

To get the Asia AM Digest every day before the Tokyo cash equity open, sign up here

To get the US AM Digest every day before the US cash equity open, sign up here

To get both reports daily, sign up here

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