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
GBPUSD Spikes Higher, NZDUSD Outperforms, EURUSD Soft - US Market Open

GBPUSD Spikes Higher, NZDUSD Outperforms, EURUSD Soft - US Market Open

Justin McQueen, Analyst

MARKET DEVELOPMENT –GBPUSD Spikes Higher, NZDUSD Outperforms, EURUSD Soft

NZD: The Kiwi is soaring this morning after the RBNZ delivered a somewhat less dovish than expected monetary policy report. Heading into the rate decision, markets had been notably short heading into the meeting following a raft of dovish pivots from central banks (namely the Fed and RBA). As such, while the RBNZ flagged a challenging external environment, they had been somewhat optimistic on the domestic front thus providing a lift in NZD.

GBP: UK inflation dropped below 2% and hitting its lowest level in 2yrs. However, given that the BoE outlook is largely tied to the developments surrounding Brexit, GBP saw a somewhat limited reaction. Elsewhere, with trade somewhat quiet throughout the European morning, GBPUSD quickly rose to highs of 1.2959 amid touted sizeable buy orders ahead of the 12pm Fix.

EUR: The Euro is slightly softer throughout the session with the 1.13 handle back in focus. Weak Eurozone industrial production figures (lowest in 10yrs) and risks attached to potential Spanish snap elections have kept the Euro on the backfoot.

DailyFX Economic Calendar: – North American Releases

GBPUSD Spikes Higher, NZDUSD Outperforms, EURUSD Soft - US Market Open

IG Client Sentiment

GBPUSD Spikes Higher, NZDUSD Outperforms, EURUSD Soft - US Market Open

How to use IG Client Sentiment to Improve Your Trading

Four Things Traders are Reading

  1. Technical Outlook for Gold Price, US & UK Crude Oil, S&P 500 & More” by Paul Robinson, Market Analyst
  2. Bitcoin (BTC) Price Stuck, Nasdaq Announces BTC and ETH Pricing” by Nick Cawley, Market Analyst
  3. Crude Oil Analysis: Bulls Eye Break of Crucial Resistance for Fresh 2019 Highs” by Justin McQueen, Market Analyst
  4. Spanish Politics: Negative for Madrid Stocks, Positive for Government Bonds” by Martin Essex, MSTA, Analyst and Editor

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.comFollow Justin on Twitter @JMcQueenFX

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

DISCLOSURES