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
EUR/USD
Bearish
Oil - US Crude
Mixed
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
Bullish
More View more
Real Time News
  • The retailer has created an event that sees its sales surpass Black Friday and Cyber Monday combined. Get your market update from @PeterHanksFX here:https://t.co/LCyr0z9DHh https://t.co/xDTXRH1TEj
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.44% 🇳🇿NZD: 0.43% 🇪🇺EUR: 0.19% 🇬🇧GBP: 0.11% 🇨🇭CHF: -0.03% 🇯🇵JPY: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/CoczW1YszK
  • US API Stock Changes: #Crude -7.199M #Cushing -2.550M #Gasoline +0.959M #Distillate +0.992M #Oil $CL_F
  • Bitcoin breached the key psychological level of $30,000 for the first time since January The Jan 22 swing low of $28,800 came in to help cauterize support. Get your market update from @PeterHanksFX here:https://t.co/zmlplL9ZqD https://t.co/6R5nFtVFYS
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.37% Gold: -0.28% Silver: -0.70% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/K9Qw88fR9n
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.01%, while traders in France 40 are at opposite extremes with 68.82%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HWcth7b6kv
  • WH Press Sec. Psaki: - More work remains on infrastructure after meeting - Today or tomorrow, a White House team will meet with Senators from both parties
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.01% Wall Street: 0.01% Germany 30: -0.11% France 40: -0.19% FTSE 100: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/HdfL6Ct6sE
  • McKesson said to explore sale of European, UK businesses -BBG $MCK $EURUSD $GBPUSD
  • EUR/GBP continues to trade towards the bottom of the trading range. Sentiment remains ‘mixed’ after near term decline in long positioning. Get your market updates from @RichardSnowFX here:https://t.co/i7uESnbkBE https://t.co/rdqrIAUnuG
Brexit Latest: Chancellor Merkel's Optimistic Talk on Irish Backstop

Brexit Latest: Chancellor Merkel's Optimistic Talk on Irish Backstop

Nick Cawley, Strategist

Brexit Latest: News, Updates and Sterling Technical Analysis

  • UK PM May travels to Ireland to reiterate her opposition to the backstop.
  • German Chancellor Merkel says time should be used by both sides to solve the deadlock

Sterling (GBP) Weekly Technical Outlook: Chart Levels Remain Intact

We have recently released our Q1 2019 Trading Forecasts for a wide range of Currencies and Commodities, including GBPUSD along with our latest fundamental and medium-term term technical outlook.

Sterling (GBP) Sentiment Waning but German Chancellor Merkel May Offer Hope

Sterling continues to trade in a tight range, but the bid is drifting lower as the Brexit clock continues to tick down. UK PM May will reiterate her opposition to the current Irish backstop arrangement at a talk in Ireland today, but thousands of miles away another, perhaps, more important speach was delivered by German Chancellor Angela Merkel. At an event in Tokyo, Chancellor Merkel said that there was still time to solve the Irish backstop before adding, ‘But this solution depends on the question of what the future relationship between Britain and the EU will be like and what type of trade deal we sign with each other’.

The EU negotiating team however are still sticking to the line that the Withdrawal Agreement is not up for discussion and cannot be reopened. However, with just over seven weeks to go before the UK leaves the EU, Europe’s largest economy is now, openly, mentioning trade deals alongside the current Irish backstop problem.

GBPUSD has been gently drifting lower since Friday’s bumper US NFP data release gave the US dollar a boost. Sterling remains in a range and is looking for the next stimulus to force a move. The Bank of England ‘Super Thursday’ meeting is likely to produce some headlines, especially after the release of the Quarterly Inflation Report, but BoE governor Carney will need to tread carefully, and leave all his options open, when discussing the path of monetary policy in the next few months. Sterling has also just been knocked back towards the GBPUSD 1.3000 level after a poor UK PMI Services release highlighted that UK growth may have stagnated at the start of 2019.

GBPUSD Daily Price Chart (May 2018– February 5, 2019)

Brexit Latest: Chancellor Merkel's Optimistic Talk on Irish Backstop

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

--- 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