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
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
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • The FTSE ran aground above 7000, an area of big focus. Further retracing looks to be in the cards. Get your #FTSE market update from @PaulRobinsonFX here:https://t.co/7igqha5hFj https://t.co/vG4EzjYdi6
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: US 500: 0.12% Wall Street: -0.13% FTSE 100: -0.48% France 40: -0.58% Germany 30: -1.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/XrNsCuQLbT
  • Heads Up:🇺🇸 Markit Manufacturing PMI Flash (APR) due at 13:45 GMT (15min) Expected: 60.5 Previous: 59.1 https://www.dailyfx.com/economic-calendar#2021-04-23
  • #Bitcoin has continued to head lower today, falling below the 50,000 level for the first time since early March. The crypto found support around 48,000 and is now trading slightly higher. $BTC https://t.co/cmjkELfJVR
  • It took 108 days for Dogecoin ($DOGEUSD) to advance approximately 9000% (to April 19) and only 4 days to reverse approximately 60% of the gains to today's intraday low https://t.co/YCAp8gJAcK
  • $USDJPY has taken out the 38.2% Fib of the 2021 range and in the process is cementing the 10th consecutive daily decline - what will be the longest consistent slide since August 2011 https://t.co/gJPqiQGX2G
  • $EURUSD with a clean bounce off of that support zone around prior resistance, getting closer to taking out the high https://t.co/RDP4frvCnN https://t.co/sybz1CEqQu
  • Russia proposes to discuss Donbas truce by April 27th.
  • Italy sees EU Funds boosting GDP by around 3.6% in 2026. Draghi: Sees 38% of EU funds for green projects, 25% for digital projects. #EU $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.72%, while traders in Germany 30 are at opposite extremes with 67.54%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/oDXMDSlKRT
Sterling (GBP) Directionless - Will Meaningful Brexit Vote Take Place?

Sterling (GBP) Directionless - Will Meaningful Brexit Vote Take Place?

Nick Cawley, Strategist

Sterling (GBP) and Brexit Talking Points:

  • Talk gets louder that Tuesday’s Brexit vote may be postponed.
  • Latest hard data shows UK economy slowing down.

Q4GBP Forecast

Brexit Uncertainty Constrains Sterling

UK PM Theresa May is expected to lose the Brexit agreement vote in the House on Tuesday by a large majority prompting increased speculation that the vote may be delayed allowing the PM extra time to talk with the EU over extra concessions. PM May spoke with EC President Donald Tusk over the weekend, along with Taoiseach Leo Varadkar, with the contentious Irish border high on the lists of topics discussed. It now looks impossible for the Brexit agreement to be passed in its current form and a heavy defeat leaves PM May under mounting pressure to either renegotiate an improved deal or resign.

The latest UK hard data shows the economy slowing down since Q2 with GDP month-on-month growth up just 0.1% since October, while monthly industrial and manufacturing production fell sharply by -0.6% and – 0.9% respectively. In all, monthly UK GDP 3m/3m fell to 0.4% from a prior reading of 0.6%.

GBPUSD remains near the multi-month low last attempted on December 4. The increased volatility around Sterling makes it difficult to see any upside, as things stand, and GBP weakness will remain until the Brexit agreement - in whatever form it may finally take - is agreed on by the UK Parliament.

GBPUSD Weekly Technical Outlook: Sterling Remains Weak.

GBP: Sterling Traders Bewildered as Brexit Chaos Intensifies.

GBPUSD Daily Price Chart (January – December 10, 2018)

Sterling (GBP) Directionless - Will Meaningful Brexit Vote Take Place?

IG Client Sentiment data show 69.8% of traders are net-long GBPUSD. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests that GBPUSD prices may continue to fall. However the combination of recent daily and weekly positional changes gives us a mixed GBPUSD trading bias

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

--- 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