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
EUR/USD
Mixed
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
Bullish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • 🇷🇺 Inflation Rate YoY (JUL) Actual: 3.4% Expected: 3.4% Previous: 3.2% https://www.dailyfx.com/economic-calendar#2020-08-06
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.04% France 40: -0.02% Germany 30: -0.07% FTSE 100: -0.09% US 500: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/1YBsxDGpxy
  • RT @realDonaldTrump: Upon departing the Oval Office for Ohio, I’ve notified my staff to continue working on an Executive Order with respect…
  • Heads Up:🇷🇺 Inflation Rate YoY (JUL) due at 16:00 GMT (15min) Expected: 3.4% Previous: 3.2% https://www.dailyfx.com/economic-calendar#2020-08-06
  • Japanese #Yen Outlook: $USDJPY Rebounds Off Support- Recovery Levels - https://t.co/3Q9KuieaSE https://t.co/iMyJx8fBwL
  • House Speaker Pelosi says "we have to think big" regarding stimulus $DXY $SPX
  • Hey traders! Get your Thursday market highlighs from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/com5RRIcDN
  • The @bankofengland left all policy measures unchanged today, in line with market expectations, and warned that Q2 GDP is likely to be over 20% lower than Q4 2019. Get your $GBPUSD market update from @nickcawley1 here:https://t.co/2VW5eo6n4e https://t.co/b5JDaKwSy9
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.17% 🇦🇺AUD: 0.05% 🇯🇵JPY: 0.01% 🇪🇺EUR: -0.32% 🇨🇦CAD: -0.38% 🇨🇭CHF: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/REQGchSDuu
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.11% US 500: -0.21% Germany 30: -0.43% France 40: -0.87% FTSE 100: -1.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TBhojLnpbO
Sterling Ignores Brexit, Euro Remains Weak, Gold Grinds Higher - US Market Open

Sterling Ignores Brexit, Euro Remains Weak, Gold Grinds Higher - US Market Open

2019-03-19 12:00:00
Nick Cawley, Strategist
Share:

Market Themes and Moves – Brexit, Euro-Zone Growth and Gold.

GBP: Brexit once again dominated Sterling headlines after the speaker of the House last night rejected PM May’s third meaningful vote. The market is awash with different interpretations with talk of an extension anywhere between 3- and 21-months the most prominent. Earlier today, UK jobs and wages data surprised to the upside with increased job creation and stable wage growth – the disconnect between a robust labour market and tepid UK growth outlook continues.

Gold: Gold continues to grind higherbut is nearingan area of technical resistance that could halt its move higher. DailyFX analyst Paul Robinson notes that while near-term price action is taking on the outline of a rising channel, ‘a break below the March 14 low at $1,293/oz. should have the path of least resistance in favour of shorts again’.

EUR: The single-currency continues to struggle to move appreciably higher and was not helped today when the latest ZEW data for Germany and the single-block continued to point to economic weakness. While the prints were mixed, news that the German Economic Council had cut its 2019 growth forecast to 0.8% from 1.5% weighed on EUR-Pairs. Any signs of US economic strength from tomorrow’s FOMC meeting may well see EURUSD attempt to break back below 1.1300.

Chart of the Day - GBPUSD: You Can’t Keep the Pound Down

Sterling Ignores Brexit, Euro Remains Weak, Gold Grinds Higher - US Market Open

DailyFX Economic Calendar: For updated and timely economic releases.

How to use IG Client Sentiment to Improve Your Trading

Retail sentiment is an important tool for any trader to help gauge market sentiment and positioning. We provide updated daily and weekly positional changes on a wide range of currencies and asset classes to help decision making.

Market Moves and Updated Reports and Analysis:

  1. Gold & Silver Price Outlook Becoming Increasingly Bearish.
  2. Yen Up, S&P 500 Chart Warns of Topping Before Fed Rate Decision.

3. EURUSD Price Finding Upside Difficult After Latest ZEW Data

4. Sterling Dismisses Strong Jobs Data as Brexit Uncertainty Continues.

--- Written by Nick Cawley, Market 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

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.