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
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
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
Gold
Mixed
GBP/USD
Bearish
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
USD/JPY
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
More View more
Real Time News
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/qtAmyhFU9A
  • 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/S74APOiQ3y
  • Two of the main Euro-pairs, $EURUSD and $EURGBP, are being driven by very different drivers. Get your market update from @nickcawley1 here: https://t.co/Vd32Y6HKEr https://t.co/Lgb5z5V1Xa
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/9uPXNvDBS5
  • We ended this past week with another cliffhanger. The $SPX teeters on the edge of a breakdown from the post-pandemic recovery. While we have NFPs and other key data ahead, the markets are likely to remain fixated on yields. My outlook for next week: https://www.dailyfx.com/forex/video/daily_news_report/2021/02/27/SP-500-Dollar-Reversal-Hinge-Not-On-NFPs-but-Markets-Risk-Imagination.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/mlNDDyTgex
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here.https://t.co/pb5E2KgRzW #DailyFXGuides https://t.co/70ZOJ0ZMwF
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/SyroornFf5
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4QhQGQ6 https://t.co/KrMcyZZqO7
  • The Reserve Bank of Australia (RBA) rate decision may spark a bullish reaction in $AUDUSD as the central bank is expected to retain the current course for monetary policy. Get your market update from @DavidJSong here: https://t.co/WbcR9ER0qT https://t.co/TynsqCtPQ6
  • Gold has broken below a critical support confluence we’ve been tracking for months now and the risk remains for further losses while below this threshold in the weeks ahead. Get your $XAUUSD market update from @MBForex here:https://t.co/xgN2obaIWR https://t.co/H71ufPNkPg
UK Week Ahead Dominated by Brexit, US Data and Fed Speak

UK Week Ahead Dominated by Brexit, US Data and Fed Speak

Nick Cawley, Strategist

UK Week Ahead:

  • A busy week of heavyweight data releases and central bank speak across the globe.
  • Brexit news will remain the driver until the House votes in mid-December.

We have just released our Brand New Q4 Trading Forecasts including USD and GBP.

A look at the high importance data releases and central bank speeches highlights the importance of this week to traders of nearly all asset classes. Add in the G20 meeting - starting at the end of week – and the calendar needs to be closely monitored this week. Brexit will continue to grab the headlines after the EU and the UK signed off the draft text and withdrawal agreement, and UK PM Theresa May will be trying her best to convince voters and MPs that her version of Brexit is the only one available. Current thinking is that the bill will not pass through a House of Commons vote, leaving the process no further on since June 2016.

Sterling Ignores EU/UK Brexit Deal as Challenges Increase

UK Week Ahead Dominated by Brexit, US Data and Fed SpeakUK Week Ahead Dominated by Brexit, US Data and Fed Speak

GBPUSD is expected to remain rangebound ahead of the Brexit deal vote in the House of Commons although this week’s US data releases and two separate speeches from Fed Chair Jerome Powell may prompt some price action.

GBPUSD Daily Price Chart (May – November 26, 2018)

UK Week Ahead Dominated by Brexit, US Data and Fed Speak

The FTSE 100 has partially de-coupled from GBPUSD moves in recent weeks with investors now looking at the effect Brexit will have on the UK economy, not just at foreign exchange gains/losses for top UK exporters. Short-term support remains between 6.850 and 6,900 for now.

FTSE 100 Daily Price Chart (February – November 26, 2018)

UK Week Ahead Dominated by Brexit, US Data and Fed Speak

GBPNZD has fall sharply in the last six weeks and may offer Sterling bulls an opportunity if/when there is some clarity on Brexit. Support around 1.8630 – 1.8660.

GBPNZD Daily Price Chart (May - November 26, 2018)

UK Week Ahead Dominated by Brexit, US Data and Fed Speak

*Due to recording issues there is no webinar video attached this week*

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

What is your view on UK markets – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author at nicholas.cawley@ig.comor via Twitter @nickcawley1.

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

DISCLOSURES