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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • 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:
  • 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:
  • 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:
  • 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:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: 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:
  • 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:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
Forex Volatility Expected in British Pound and Canadian Dollar

Forex Volatility Expected in British Pound and Canadian Dollar

Rich Dvorak, Analyst


  • GBPUSD overnight implied volatility remains at its highest level since November 2018 while British Pound currency traders anxiously await Brexit clarity
  • USDCAD overnight implied volatility is also elevated ahead of Canada’s release of its latest GDP reading
  • New to trading currencies? Check out this free Forex for Beginners Trading Guide

Brexit remains in limbo after the latest developments from British Parliament and leaves the situation more clouded than ever. Consequently, forex options traders are pricing 17.4 percent implied volatility on overnight GBPUSD contracts due to the exceptional degree uncertainty.


currency market implied volatility and trading ranges for GBP, USD, CAD, EUR, JPY, CHF, AUD, NZDForex market implied volatility EURUSD GBPUSD USDJPY USDCHF USDCAD AUDUSD NZDUSD

After Prime Minister Theresa May offered to resign in exchange for MP support over her Brexit Withdrawal Agreement, Parliament showed how divided British politicians remain over the UK’s departure from the EU with all 8 motions suggesting alternative Brexit paths failing to gain majority backing. It now appears that the House of Commons will hold a third meaningful vote over the PM’s Brexit deal tomorrow at 2:30 PM London time which increasingly seems like the only viable option left for the UK unless MPs plan on pulling out of the EU with no deal.

Also, USDCAD overnight implied volatility also looks relatively elevated with Canadian GDP numbers expected to cross the wires at 12:30 GMT tomorrow. Strong correlation between the Canadian Dollar and oil prices could also be factoring into USDCAD’s uptick in implied volatility following US President Trump’s latest criticism of OPEC supply cuts and high oil prices. Additionally, other market-moving economic data on deck like US inflation could cause the currency pair to gyrate.


Forex economic calendar USDCAD GBPUSD

Visit the DailyFX Economic Calendar for a comprehensive list of upcoming economic events and data releases affecting the global markets.


GBPUSD Trader Sentiment Client Positioning

Check out IG’s Client Sentiment here for more detail on the bullish and bearish biases of EURUSD, GBPUSD, USDJPY, Gold, Bitcoin and S&P500.

GBPUSD client positioning data from IG shows that 65.8 percent of traders are net-long with the ratio of traders long to short at 1.92 to 1. The bullish bias of GBPUSD traders has grown recently with the number of traders net-long 26.5 percent higher than yesterday and 17.1 percent higher than last week.


USDCAD trader sentiment client positioning

USDCAD client positioning data from IG shows that 39.0 percent of traders are net-long with the ratio of traders short to long at -1.57 to 1. The bearish bias of USDCAD traders has grown recently with the number of traders net-long 9.5 percent lower than yesterday and 7.3 percent lower than last week.

- Written by Rich Dvorak, Junior Analyst for DailyFX

- Follow @RichDvorakFX on Twitter

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