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.

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
More View more
Real Time News
  • China to continue allowing Chinese companies to IPO in US exchanges - CNBC via BBG
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.85% Gold: 0.46% Oil - US Crude: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/9QGWRaUfmI
  • 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:https://t.co/u4GY00QpgC https://t.co/O9WscGjkwH
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇬🇧GBP: 0.09% 🇨🇭CHF: 0.04% 🇳🇿NZD: 0.03% 🇪🇺EUR: 0.03% 🇦🇺AUD: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HNdAAVxqEA
  • (Gold Briefing) Gold Price Outlook Shifts Rosy Post FOMC, XAU/USD Eyeing US GDP Data Next #Gold #XAUUSD #GDP #Fed #FOMC https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/07/29/Gold-Price-Outlook-Shifts-Rosy-Post-FOMC-XAUUSD-Eyeing-US-GDP-Data-Next.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/EyIGPFRoQW
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.18%, while traders in France 40 are at opposite extremes with 69.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/I4p1Eqw06i
  • The US Dollar may remain on the offensive against ASEAN currencies amid Covid case growth and regional lockdown risks that threaten growth. All eyes are also on the Federal Reserve.Get your market update from @ddubrovskyFX here:https://t.co/f0crShr7Cf https://t.co/gqhdotvXG0
  • S&P 500 Holds Steady After the FOMC, Hang Seng Aims For a Rebound https://www.dailyfx.com/forex/market_alert/2021/07/29/SP-500-Holds-Steady-After-the-FOMC-Hang-Seng-Aims-For-a-Rebound-.html https://t.co/P4K7nxzVZT
  • #Gold prices gaining during Thursday's APAC session in the aftermath of the #FOMC rate decision US Dollar and Treasury yields have been on the decline, offering #XAUUSD optimal trading conditions Full gold brief coming out at the top of the hour, stay tuned! https://t.co/85iVV17eGj
  • 🇳🇿 ANZ Business Confidence (JUL) Actual: -3.8 Previous: -0.6 https://www.dailyfx.com/economic-calendar#2021-07-29
UK Week Ahead: Conservative Conference and Brexit Updates | Webinar

UK Week Ahead: Conservative Conference and Brexit Updates | Webinar

Nick Cawley, Strategist
  • Will the Tory party unite behind PM Theresa May?
  • GBPUSD traders will also be watching the latest US unemployment (NFP) numbers on Friday.

The Brand New DailyFX Fourth Quarter Forecasts include a fresh look at GBP.

IG Sentiment Datashow of traders are 56.3% net-long of GBPUSD, normally a bearish contrarian indicator. However recent daily and weekly sentiment shifts give us a mixed outlook for the pair.

Conservative Party Conference and Brexit News Will Drive Sterling

The annual Tory conference may well open fresh party divides over the current Brexit negotiating stance as senior members ready themselves for a potential leadership challenge. Hard Brexiteers still believe that the PM’s Chequers proposal is a non-starter as it cedes too much control to the EU post-Brexit, while the Prime Minister and her supporters continue to defend her negotiating stance. Party speeches will be closely followed by Brussels to try and gauge if the UK’s position has changed or hardened ahead of the EU Summit on October 18-19, the original date set for agreeing a withdrawal treaty.

US economic data takes over in the second half of the week with the monthly US Labor report on Friday the main driver. The market is expecting another 185k jobs to be created with average hourly earnings slipping by 0.1% to 2.8% year-on-year.

GBPUSD remains heavy at the start of the week as the Conservative conference kicks-off and will need a show of party unity, or some positive signs from the EU before it re-tests its recent 1.3300 level again. The first level of resistance appears at 1.30670, the 23.6% Fibonacci retracement.

GBPUSD Daily Price Chart (March– October 1, 2018)

UK Week Ahead: Conservative Conference and Brexit Updates | Webinar

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