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
Mixed
Oil - US Crude
Bullish
Wall Street
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
Gold
Bullish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/4zEwS7mFJE
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/nB2f5m56nq
  • 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/Q0yRRpMpPX
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/pSeSiNnmHe
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/iVOEuK40rn
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCYRCIk https://t.co/ltEO5dpKux
  • WTI crude oil is currently trading up against major resistance via the 2019 and 2020 highs within the confines of a channel; something has to give. Get your market update from @PaulRobinsonFX here: https://t.co/MO9foRjm2y https://t.co/YhBFdvZDEb
  • The Dow Jones and S&P 500 outlook appears bleak in the near term as retail traders increase their upside exposure. At the same time, these indices confirmed bearish technical warning signs. Get your market update from @ddubrovskyFX here:https://t.co/fKCHELbOxo https://t.co/eVDwmFTaIg
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/8B8hqHahm1
  • The US Dollar finished off an eventful week after CPI and retail sales injected volatility into markets. FOMC is now in the Greenback’s sights as taper talks linger. Get your market update from @FxWestwater here: https://t.co/MHi0lfQ93j https://t.co/4XetwYAaNd
MPs Vote to Block Attempt of No-Deal Brexit, GBPUSD Recovers - US Market Open

MPs Vote to Block Attempt of No-Deal Brexit, GBPUSD Recovers - US Market Open

Justin McQueen, Analyst

MARKET DEVELOPMENT – GBPUSD Recovers as MPs Vote to Block Attempt of No-Deal Brexit

DailyFX 2019 FX Trading Forecasts

GBP: A much needed bid for the Pound has seen the currency outperform across the G10 complex. Both the House of Lords (yesterday) and House of Commons (this morning) have backed an ammendment to prevent the next PM from shutting down parilament to force a no-deal Brexit. Elsewhere, UK retail sales posted a sizeable beat across the board, although the details showed that second hand shopping had been the largest contributor to the gains. However, the fact of the matter remains the same, uncertainty posed by Brexit persists, thus gains in the currency are somewhat limited.

EUR: A relatively subdued session for the Euro thus far with 1.12 standing firm once again. The Euro did see a slight pullback after source reports stated that an ECB staff study is looking at the possibility of revamping the inflation goal, which in turn suggests that monetary policy could be looser for longer. Alongside this, Italian risks are starting to creep up once again with differences between the two governing parties are continuing to show, with Deputy PM Di Maio stating that they will be unable to be in a coalition with the League party if they are persistently threatening a crisis, raising the risk of a snap election.

Silver: The surge in silver continues and is on course for its strongest weekly performance in 3yrs. Among the main factors behind the gains in silver has been the rising ETF holdings in silver. Consequently, silver is above $16 and looking to challenge the 2019 peak at $16.21. (full analysis)

MPs Vote to Block Attempt of No-Deal Brexit, GBPUSD Recovers - US Market Open

Source: DailyFX, Thomson Reuters

IG Client Sentiment

MPs Vote to Block Attempt of No-Deal Brexit, GBPUSD Recovers - US Market Open

How to use IG Client Sentiment to Improve Your Trading

WHAT’S DRIVING MARKETS TODAY

  1. EURUSD Nearing a Break as Price Coils Tighter Ahead of CB Meetings” by Nick Cawley, Market Analyst
  2. Gold Prices Remain Bullish, Silver Prices Spikes Higher” by Justin McQueen, Market Analyst
  3. US Dollar Chart Looks Geared Up for Higher Prices” byPaul Robinson, Currency Strategist
  4. 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 Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES