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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Low
High
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
Oil - US Crude
Mixed
Low
High
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
Wall Street
Mixed
Gold
Mixed
Low
High
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
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • It was a big Q1 for $USDJPY but so far Q2 has been a far different tone. Which side will prevail? Get your market update from @JStanleyFX here: https://t.co/TxlD3zoglZ https://t.co/rUQnokAx30
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/ycjWjCETQJ
  • The RBA highlighting several key risks to the local economy in its semi-annual FSR may drive AUD lower against haven-associated currencies despite the expectation of strong Q1 GDP figures out of China. Get your market update from @DanielGMoss here: https://t.co/kLZ8DQxH3z https://t.co/KubqA24TLH
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/H19vRDCpUJ https://t.co/36Sy4DOnFD
  • Though the $SPX hit a record high through Friday, there was little momentum and far less correlation across various risk assets. Can we find more serious traction - or a reversal - amid earnings, inflation-Fed forecasting, US-China trade negotiations? https://www.dailyfx.com/forex/video/daily_news_report/2021/04/10/SP-500-Outlook-Carries-Risk-Trends-Dollar-Event-Heavy-on-USDJPY-USDCNH.html https://t.co/AVTM9QvEGQ
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/DWm7cBMUg9 https://t.co/Gd6eIbE1mb
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/J0EPMD2Cfi https://t.co/Jf96VhFDOp
  • 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: https://t.co/BdgFmkRxVw https://t.co/Rjfdv8jLQV
  • 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: https://t.co/7t4BzmLg8w https://t.co/a6qsFOcPUl
  • Build your USD/JPY trading strategy by honing your trading skills. Get your free insight here: https://t.co/hgVq7LwTSH https://t.co/xXZYbWqEwP
UK Markets This Week: FTSE, GBPUSD, EURGBP | Webinar

UK Markets This Week: FTSE, GBPUSD, EURGBP | Webinar

Nick Cawley, Strategist
  • Important UK data on Tuesday and Wednesday will give the market more clues about the timing of the next UK rate hike.
  • Brexit rumors and news will keep GBP traders on their toes.

The New DailyFX Third Quarter Forecasts are now live including a fresh look at GBP.

UK PM Theresa May Battles with Hardline Brexiteers

The UK Parliament will vote on the recent Customs Bill on Monday and Tuesday and any defeat for the government is likely to fuel renewed talk about a leadership challenge to UK PM Theresa May. Last week’s Brexit White Paper was seen by many arch-Brexiteers as a sell-out to the EU and many will be looking at the two votes this week as a way of showing their displeasure. And while PM May could survive early in the week, the EU will also be looking at the proposal and giving their views on it later in the week.

On Tuesday and Wednesday, the Office for National Statistics will release the latest UK inflation, jobs and wages data. Recent economic releases have pointed to a slightly better-than-expected backdrop and fueled thoughts of a 0.25% rate hike at the next MPC meeting on August 2. Also, early Tuesday the Bank of England’s Carney, Cunliffe and Stheeman will present the Financial Stability Report to the Treasury Select Committee.

GBPUSD has picked up from last week’s low as the greenback edges back from its recent multi-month highs. GBPUSD traders should also be aware that Fed Chair Jerome Powell will delivers his semi-annual testimony before the Senate Panel on Tuesday and will also appear before the House Panel on Wednesday. Cable currently trades around 1.32750 and may have a volatile next few days as Brexit and hard data clash.

GBPUSD Daily Price Chart (April 27, 2017 – July 16, 2018)

UK Markets This Week: FTSE, GBPUSD, EURGBP | Webinar

IG Sentiment Datashow 67.4% of traders are net-long GBPUSD with the ratio of traders long to short at 2.06 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.40897; price has moved 6.1% lower since then

If you missed this webinar and would like to know about future events, you can see the full DailyFX webinar schedule here.

DailyFX has a vast amount of updated resources to help traders make more informed decisions. These include a fully updated Economic Calendar, Educational and Trading Guides and the constantly updated IG Client Sentiment Indicator.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

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

DISCLOSURES