Skip to Content
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
More View More
GBP/USD Dips, EUR/USD Eyes Italian Politics, AUD/USD Bounces on RBA - US Market Open

GBP/USD Dips, EUR/USD Eyes Italian Politics, AUD/USD Bounces on RBA - US Market Open

Justin McQueen,


DailyFX 2019 FX Trading Forecasts

GBP: A lack of compromise between the UK and the EU provides another reminder that corrective moves higher in the Pound will be faded. The Pound dipped below 1.21 against the greenback as UK PM Johnson’s letter demanding the reopenining of the withdrawal agreement had been rebuffed by the EU, in which they stated that Boris Johnson had not provided a viable proposal in regard to an alternative to the Irish backstop.

EUR: Italian politics will take center stage for the Euro with Prime Minister Conte set to face a no-confidence after he addresses the Senate from 1400BST.If PM Conte loses the no-confidence or resigns before the vote takes place, President Matttarella will have two options. Either gather party leaders in order to form a technocratic government with the sole purpose of passing the 2020 budget (due October 15th) or call for snap elections, which could take place as soon as the Autumn (most bearish scenario). (Full analysis)

AUD: Latest RBA meeting minutes offered a slightly more balanced approach with rate setters stating that developments in regard to the domestic and global economy would need to be assessed before mulling further easing. Consequently, the Australian Dollar is slightly firmer with expecations of near-term easing receeding. As it stands, money markets attach an 88% likelihood that interest rates will be left on hold at 1% at the September meeting.

Source: DailyFX

IG Client Sentiment

How to use IG Client Sentiment to Improve Your Trading


  1. Gold Price and Silver Outlook Remains Constructive So Far” by Paul Robinson, Currency Strategist
  2. GBPUSD Price Outlook Fragile as Boris Johnson Heads to Europe” by Nick Cawley, Market Analyst
  3. EUR/CHF Outlook: SNB Steps up Currency Intervention” by Justin McQueen, Market Analyst
  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

Follow Justin on Twitter @JMcQueenFX

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