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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • The US Dollar is strengthening again today, with the $DXY above 90.50, after falling to a weekly low around 90.275 early this morning. $USD
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.37% 🇬🇧GBP: 0.23% 🇨🇦CAD: 0.21% 🇯🇵JPY: 0.08% 🇪🇺EUR: -0.23% 🇨🇭CHF: -0.24% View the performance of all markets via
  • Heads Up:🇨🇦 Inflation Rate MoM (DEC) due at 13:30 GMT (15min) Expected: 0% Previous: 0.1%
  • Heads Up:🇨🇦 Inflation Rate YoY (DEC) due at 13:30 GMT (15min) Expected: 1% Previous: 1%
  • Heads Up:🇨🇦 Core Inflation Rate YoY (DEC) due at 13:30 GMT (15min) Previous: 1.5%
  • 🇺🇸 MBA Mortgage Applications (15/JAN) Actual: -1.9% Previous: 16.7%
  • Want to take your bitcoin trading a top notch? Get your free guide here. #DailyFXGuides
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 67.79%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇺🇸 MBA Mortgage Applications (15/JAN) due at 12:00 GMT (15min) Previous: 16.7%
  • If at first you don't succeed.....
CAD Drops, GBPUSD Reclaims 1.30, USD Selling on Month-End Flows - US Market Open

CAD Drops, GBPUSD Reclaims 1.30, USD Selling on Month-End Flows - US Market Open

Justin McQueen, Analyst

MARKET DEVELOPMENT – CAD Drops, GBP Reclaims 1.30, USD Selling on Month-End Flows

DailyFX Q2 2019 FX Trading Forecasts

USD: The USD is on the defensive, down 0.3% as the index tests 97.50. Month-end flows have been among the main factors behind the decline in the USD index with investment bank FX rebalancing models pointing to USD selling across the board, which in turn has seen both the Euro and GBP break above 1.12 and 1.30 respectively.

EUR: A rare occurrence of better than expected Eurozone data has helped keep the Euro supported. Eurozone GDP surprised to the upside with Spanish beating estimates and French growth in line with forecasts. Elsewhere, German CPI saw a sizeable jump to 2.0%, from the prior month of 1.3%, consequently providing upside risks to the Eurozone inflation report. Italian GDP also provided a welcome surprise with the country confirmation that it has exited its technical recession.

GBP: The Pound is the notable outperformer, making a firm break above the 1.30 handle amid the drop in the USD index as month-end rebalancing flows dominate. As a reminder, investment bank models had pointed to strong GBP buying. Consequently, with the upside in the Pound, EURGBP has edged towards 0.86.

CAD: The Canadian Dollar pared its initial oil led gains after the latest GDP data had showed that Canada had contracted in February, which in turn boosts that Bank of Canada’s case to keep interest rates on hold.

CAD Drops, GBPUSD Reclaims 1.30, USD Selling on Month-End Flows - US Market Open

Source: Thomson Reuters, DailyFX

DailyFX Economic Calendar: – North American Releases

CAD Drops, GBPUSD Reclaims 1.30, USD Selling on Month-End Flows - US Market Open

IG Client Sentiment

CAD Drops, GBPUSD Reclaims 1.30, USD Selling on Month-End Flows - US Market Open

How to use IG Client Sentiment to Improve Your Trading


  1. Dollar Breakout Under Fire; Euro, GBPUSD & Gold Price Charts” by Paul Robinson, Currency Strategist
  2. EURUSD Breaks Above 1.1200 on Positive Euro-Zone Data Releases” by Nick Cawley, Market Analyst
  3. Crude Oil Prices Rise With Venezuelan Military Coup Underway” by Justin McQueen, Market Analyst
  4. AUD Price Under Pressure on Poor Chinese Economic Data” by Martin Essex, MSTA , Analyst and Editor
  5. Using FX To Effectively Trade Global Market Themes at IG” by Tyler Yell, CMT , Forex Trading Instructor

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at

Follow Justin on Twitter @JMcQueenFX

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