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
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 UK and EU have agreed to return to the negotiating table to try to agree a post-#Brexit trade deal. But on Friday, a joint statement said ‘significant divergences’ remained.” - BBC News #GBP
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here:
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here:
  • The rising wedge is a popular reversal pattern that is predictive in nature and can give traders a clue to the direction and distance of the next price move. Incorporate the rising wedge in your trading strategy and learn more here:
  • Both the S&P 500 and $EURUSD will enter the coming week with momentum to their back. What can trip up the rallies? What could keep them going? My overview for the week ahead:
  • After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council. Get your $EURUSD market update from @MartinSEssex here:
  • Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. Learn about triangles here:
  • Continuation patterns can present favorable entry levels to trade in the direction of the prevailing trend. Use continuation patterns in your technical analysis here:
  • Cyclical and non-cyclical stocks can help diversify a trader’s equity portfolio. Get your guide to understanding these stocks here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
UK Weekly Webinar: GBP/USD, EUR/GBP and FTSE Eye BoE and Coronavirus Escalation

UK Weekly Webinar: GBP/USD, EUR/GBP and FTSE Eye BoE and Coronavirus Escalation

2020-01-27 13:30:00
Nick Cawley, Strategist

GBP/USD, EUR/GBP and FTSE Prices, Charts and Analysis:

  • Bank of England (BoE) dictates Sterling’s short-term direction.
  • FTSE 100 slammed by heightened coronavirus fears.

British Pound (GBP) On Hold as Rate Decision Nears

Sterling has enjoyed a small uplift Monday, but recent trading ranges are expected to hold ahead of the Bank of England rate decision on Thursday. Recent comments from various BoE members have increased the odds for a 0.25% rate cut this week but market expectations are currently for an unchanged decision. The MPC last voted 7-2 for unchanged rates but a move to 6-3 is now likely. A 5-4 call would weaken the British Pound, while a 0.25% rate cut would see GBP drop sharply. Support levels are near and should hold before Thursday, while resistance will also prove difficult to break before the announcement.

GBP Forecast
GBP Forecast
Recommended by Nick Cawley
Download our Brand New Q1 Sterling Forecast
Get My Guide

FTSE 100 Roiled by Risk-Off Move

Equity markets around the globe are covered in red as investors abandon riskier assets and move into safe-havens including gold, the Swiss Franc and the Japanese Yen. Equity markets have been trading at, or close to, multi-year highs and the risk-off move may have further to go. The driver of the move is the spread of the deadly coronavirus in China, while cases of humans infected are appearing around the globe. Further escalation may well start to hit global trade, rattling markets further.

For all market moving data releases and events, please see the DailyFX Calendar.

FTSE Daily Price Chart (August 2019 – January 27, 2020)

Ftse chart showing markets falling heavily
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 12% -21% -11%
Weekly 1% 1% 1%
Learn how to use Sentiment in your trading strategy
Get My Guide

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on Sterling (GBP) and the FTSE – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

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