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
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
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
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
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.08% 🇨🇭CHF: -0.00% 🇨🇦CAD: -0.05% 🇦🇺AUD: -0.61% 🇳🇿NZD: -0.64% 🇬🇧GBP: -0.65% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UMdcR4ZNnz
  • Canadian ban on passenger flights arriving from India and Pakistan will last for 30 days - Reuters via BBG $CAD
  • Lumber has seen a meteoric rise over the last year, as demand for new homes remains strong and bottlenecks arising from COVID shutdowns continue to weigh on supply https://t.co/de4xc0t1BA
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.49% Gold: -0.57% Silver: -1.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/PvKjoyExIZ
  • Seasonal $USD performance over the last 10 years $USD $DXY https://t.co/X23oLOxewZ
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/tCamGDogVf
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.49%, while traders in Germany 30 are at opposite extremes with 69.49%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/SAhyfFIUX0
  • Intel upside remains constrained by chip shortages and supply chain disruptions - CEO
  • Intel Q1 Earnings: Revs: $19.67B vs. est. $17.86B EPS: $1.39 vs. est. $1.15 $INTC
  • Gold Price Outlook: Are Gold Bulls Back in the Driver's Seat? https://www.dailyfx.com/forex/technical/home/analysis/xau-usd/2021/04/22/gold-price-outlook-are-gold-bulls-back-in-the-drivers-seat.html $Gold
Sterling (GBP) Week Ahead: Brexit, FOMC and NFPs | Webinar

Sterling (GBP) Week Ahead: Brexit, FOMC and NFPs | Webinar

Nick Cawley, Strategist

Sterling, Brexit, FOMC and Non-Farm Payrolls:

  • 3 big events lie ahead for traders.
  • Markets will be a lot clearer by Friday afternoon.

See how our Q 2019 Trading Forecast for GBP can help you when trading.

Sterling Traders Face a Busy Week

For once Brexit has some competition for price action this week with the latest FOMC policy meeting and press conference on Wednesday and the monthly look at the US Labour market (NFPs) ending the week on Friday. UK PM May will be in the House on Tuesday where various amendments to her Plan B will be debated and voted on. The PM will then take these new instructions to the EU to look for a concession on the Irish backstop. PM May is unlikely to get that at this moment but if she can present the EU with a bill that has the backing of Parliament, the EU may be more receptive to her ideas.

In the US, the latest FOMC meeting will likely leave all policy settings untouched before Fed Chair Powell gives his latest views on the economy at the subsequent press conference. On Friday, US non-farm payrolls will dominate the space.

Sterling (GBP) Weekly Technical Outlook: Preparing for Further Upside?

GBP Fundamental Forecast: Positive Backdrop, Bullish Outlook.

GBPUSD remains better bid but off its best levels ahead of this week’s events.

Retail traders remain net-long of GBPUSD - 44.8% - according to the IG Retail Sentiment Indicator. See what this data means and how it can help you make better informed trading decisions.

GBPUSD Daily Price Chart (February 2018 - January 28, 2019)

Sterling (GBP) Week Ahead: Brexit, FOMC and NFPs | Webinar

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 GBPUSD – 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