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
  • 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:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • 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:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region. Get your #Bitcoin forecast from @DColmanFX here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
GBP Falls After UK Inflation Misses Expectations on the Downside

GBP Falls After UK Inflation Misses Expectations on the Downside

Nick Cawley, Strategist

Talking Points

- Inflation rises less than expected as input price growth slows.

- Sterling now eyes upcoming central bank talk against a backdrop of increasingly fractious Brexit talks

Check out our new Trading Guides: they’re free and have been updated for the fourth quarter of 2017

Consumer prices rose less than expected in October, according to the latest data from the Office for National Statistics (ONS). GBP/USD fell below 1.31000 on the release with traders now looking ahead to jobs, wages and retail sales numbers over the next two days.

Annual CPI remained unchanged at 3.0%, against expectations of a rise to 3.1%, while CPIH also remained unchanged at 2.8% against expectations of a rise to 2.9%. On a monthly basis, consumer prices fell to 0.1% against a prior reading of 0.3% and expectations of a 0.2% rise.

Commenting on today’s inflation figures, ONS Head of Inflation Mike Prestwood said:

“Inflation remains at a five year high with rising food prices offset by a fall in the cost of fuel.The rise in the cost of raw materials and goods leaving factories both slowed, with crude oil and petroleum prices both increasing less than at this time last year.

Sterling is now likely to trade sideways in the short-term with a raft of heavyweight central bankers speaking today, while various MPC members will be speaking later this week. The British Pound will also be driven by Wednesday’s UK jobs and wages data and Thursday’s retail sales figures, with the latter expected to show a sharp drop-off in consumer spending.

We will be covering the UK jobs and wages data live on Wednesday, November 15 from 09:15am – you can join here.

Chart: GBP/USD Daily Timeframe (July – November 14, 2017)

GBP Falls After UK Inflation Misses Expectations on the Downside

Chart by IG

DailyFX analyst David Song discussed the latest technical outlook for GBP/USD here.

IG Client Sentiment data shows 53.0% of traders are net-long GBP/USD with the ratio of traders long to short at 1.13 to 1. In fact, traders have remained net-long since Nov 01 when GBPUSD traded near 1.32549; price has moved 1.1% lower since then. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD 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 GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.

Would you like to know the Traits of Successful Traders and how to find the Number One Mistake Traders Make? If so, click here.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at

Follow Nick on Twitter @nickcawley1

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