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
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
More View more
Real Time News
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here: https://www.dailyfx.com/forex/fundamental/forecast/weekly/CHF/2021/09/18/Gold-Price-Outlook-Hinges-on-Fed-Rate-Decision-Forward-Guidance.html https://t.co/dWWxtErjK0
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/arxYmtQeUn https://t.co/4qxwiJsV1K
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/stMPuq0VXR
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/v6RGICQvge
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/rws9LHJV3E
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2021/09/18/Japanese-Yen-Forecast-JPY-Crosses-Eye-BoJ-CPI-as-Haven-Flows-Bolster-Yen-Strength.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/FVisZuTP6M
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here: https://t.co/H1BaTlIHjY https://t.co/zP3mjfslSD
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/Of1thU4zXw
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today: https://t.co/p2FhEwym1E https://t.co/MjiYB85TSF
Brexit News and Risk-Off Sentiment Dominate - US Market Open

Brexit News and Risk-Off Sentiment Dominate - US Market Open

Nick Cawley, Strategist

Market Themes and Movers – Brexit and a Risk-Off Theme

GBP: Sterling continues to trade sideways as Brexit news and rumours dominate proceedings. PM May’s position is said to be under increasing pressure as MPs look to take the Brexit debate forward. A series of indicative votes have been mooted for mid-week with Parliament looking for a consensus position to present to the EU. PM May is thinking about presenting her Withdrawal bill to the House again this week if she is confident that it will pass, although current thinking is that this is unlikely to happen.

USD: The dollar remains better-bid for choice after rallying off the six-week low made mid-last week. US-China trade talk has shifted to the background as we start the week but will remain a key driver in the weeks and months ahead. The greenback has lost ground against the Japanese Yen as risk-off sentiment takes hold of the market, pulling gold higher, while oil slips lower on global growth concerns. The USD is also shrugging off, for now, the inversion seen in the US Treasury market where 3-months T-Bills briefly offered more yield than 10-year USTs, an inversion that may signal an upcoming recession.

DAX 30: The German bourse, along with other European stock markets, is under downside pressure and further losses may be on the cards going forward. A brief rally took some markets back to flat on the session but moves look strained. Today’s slightly-better-than-expected German IFO data gave the Euro a nudge higher but taken in conjunction with last week’s weak PMI readings, expectations for German growth this year may be downgraded again.

Chart of the Day – Three-Month Treasury Yields Trending Higher.

Brexit News and Risk-Off Sentiment Dominate - US Market Open

DailyFX Economic Calendar: For updated and timely economic releases.

GBPUSD Daily Price Chart – Trend Holds for Now (March 25, 2019)

Brexit News and Risk-Off Sentiment Dominate - US Market Open

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 Movers with Updated News and Analysis:

  1. GBPUSD Price Edgy, PM May Under Renewed Brexit Pressure.
  2. DAX 30 Technical Outlook: Another Major Decline May Have Just Begun.
  3. Top 5 FX Events: Canadian GDP (Jan) & USDCAD Price Outlook.
  4. US Dollar Charts: EURUSD, USDCAD, AUDUSD, NZDUSD Reversals to Follow Through.
  5. Gold Price Eyes a One-Month High on Risk-Off Bid.

--- 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