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:
Sterling to Remain Bid on New Brexit Optimism

Sterling to Remain Bid on New Brexit Optimism

Nick Cawley, Strategist

Talking Points

- The UK has shown a “willingness to conclude a positive outcome” according to German MEP Manfred Weber.

- Sterling may receive a boost and target multi-week highs against the USD.

Brexit negotiations may be moving forward, according to recent comments from a close ally of German Chancellor Angela Merkel, boosting economic optimism and giving Sterling an uplift. After a meeting with UK PM Theresa May, German MEP Manfred Weber said that he was now more optimistic that the current Brexit impasse will be broken and that talks will progress.

The message is that the will is there,” he added. “That is the most important thing, because the perspective from a European point of view toward London was that in the last month or two there was not. After my meeting I have more certainty about the general direction and that is positive.”

And this positive note may be being fuelled by talk that PM May is considering offering an additional £20 billion to help divorce bill negotiations. PM May has already promised £18 billion to help secure a transitional deal. The divorce bill is currently one of three areas of disagreement between the UK and the EU and any progress on the exit bill will help move talks forward. Last week Brexit negotiator Michel Barnier gave the UK two weeks to come up with more in-depth plans on these areas. If Barnier believes that there has been sufficient progress, EU exit talks would be able to progress to the second phase including future trade agreements.

GBP/USD has remained resilient in the last few weeks as markets continue to bet that Brexit discussions will move forward. And if a positive sign is given by Michel Barnier next week, the pair may well push back towards the 1.34000 level seen in early October.

Ahead next week, UK Chancellor of the Exchequer Philip Hammond will announce his latest budget with expectations growing that he will boost public sector pay, giving the economy a much needed boost.

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

Chart: GBPUSD Daily Timeframe (September – November 16, 2017)

Sterling to Remain Bid on New Brexit Optimism

Chart by IG

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.