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
  • The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF. Get your market update from @FxWestwater here:
  • 🇸🇬 Unemployment Rate Prel (Q2) Actual: 2.7% Previous: 2.9%
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.25% Gold: 0.03% Oil - US Crude: -0.52% View the performance of all markets via
  • The Citi Economic Surprise Index tracking the US just turned negative for the first time since June 2020 This means economists are now overestimating the health and vigor of the economy, opening the door to disappointment ahead This does note bode well for NFPs next week...
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.00% 🇨🇭CHF: -0.04% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.09% 🇨🇦CAD: -0.13% 🇳🇿NZD: -0.15% View the performance of all markets via
  • Heads Up:🇸🇬 Unemployment Rate Prel (Q2) due at 02:30 GMT (15min) Previous: 2.9%
  • Amazon Earnings Cast a Shadow on Nasdaq 100. APAC Stocks to Open Mixed
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.22%, while traders in Wall Street are at opposite extremes with 77.28%. See the summary chart below and full details and charts on DailyFX:
  • Delta Variant accounts for 92% of new Covid cases in the US
  • Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook. Get your market update from @FxWestwater here:
GBPUSD Consolidating After Tepid Q1 UK Growth Confirmed

GBPUSD Consolidating After Tepid Q1 UK Growth Confirmed

Nick Cawley, Strategist

GBPUSD News and Talking Points

- The UK economy barely expanded in the first quarter of 2018.

- US dollar strength weighing on GBPUSD.

The IG Client Sentiment Report shows that traders are just under 69% long GBPUSD – a bearish contrarian signal - although recent changes suggest GBPUSD may trend higher.

Sterling Struggles as Weak UK Growth Confirmed

The second look at UK Q1 GDP confirmed preliminary readings that the economy grew by a miserly 0.1% in the first quarter as manufacturing and consumer-facing services faltered.

According to ONS Head of GDP Rob Kent-Smith:“Overall, the economy performed poorly in the first quarter with manufacturing growth slowing and weak consumer-facing services. Oil and gas bounced back strongly, however, following the shutdown of the Forties pipeline at the end of last year”. He added “while there was some evidence of the poor weather hitting construction and high street shopping, this was offset to an extent by increased energy supply and online sales.”

GBPUSD is trying to move higher after hitting a five-month low around 1.3300 on Wednesday but the US dollar remains firm, despite US Treasury yields dipping over the last week. The US Treasury auctioned $99 billion of two-, five- and seven-year bonds this week and the market may well have forced up yields in the last two- to three-week to get cheaper paper.

If 1.33018 fails to hold, the market will look to the 1.32210 low made on November 28 as the first level of support ahead of the October 6 low of 1.30272. On the upside, 1.34581 should provide initial resistance ahead of 1.35450.

GBPUSD Daily Price Chart (September 25, 2017 – May 25, 2018)

GBPUSD Consolidating After Tepid Q1 UK Growth Confirmed

DailyFX Economic Calendar.

Traders may also be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts may be interested in our latest Elliott Wave Guide.

--- 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.