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
Real Time News
  • ECB's Muller - Given the currently very favourable financing conditions and the solid recovery, I am not sure if increasing the volume of APP purchases in the Spring is the best way to avoid a cliff effect
  • 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:
  • 🇺🇸 MBA Mortgage Applications (17/SEP) Actual: 4.9% Previous: 0.3%
  • Heads Up:🇺🇸 MBA Mortgage Applications (17/SEP) due at 11:00 GMT (15min)
  • 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:
  • 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:
  • Of note, worth being cautious on the authenticity of this report given the source
  • Sources close to the Chinese Government have told Asia Markets a deal that will see China Evergrande (3333 HK) restructured into three seperate entities is currently being finalised by the Chinese Communist Party and could be announced within days.
  • Shadow MPC as hawkish as ever - They have been calling for the BoE to end QE early since June - Often a big difference in what people think a central bank should do and will do
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
EUR/GBP, GBP/USD and GBP/NZD Prices and Outlook - UK Webinar

EUR/GBP, GBP/USD and GBP/NZD Prices and Outlook - UK Webinar

Nick Cawley, Strategist

Sterling (GBP) – GBP/USD, EUR/GBP and GBP/NZD Prices and Analysis:

  • Brexit talks may achieve little unless both sides show willing.
  • GBP/USD eyes initial support near 1.2400.
  • EUR/GBP pressing higher but data may dampen any further pullback.

A busy economic calendar this week with the latest German and Euro-Zone ZEW readings out Tuesday with the German current conditions expected to go further negative. PMI sentiment will be data released on Thursday and while March’s numbers hit multi-year lows, this week’s readings look set to be even lower. Add into the mix the weekly US initial jobless claims, with expectations of another 4.5 million added to the unemployment queue and volatility is likely to remain high all week.

DailyFX Economic Calendar

GBP/USD Continues to Fade Back Towards 1.2400

Cable continues to make lower highs and is testing support off both the 20- and 50-dma. A break below 1.204 would set up a new lower low and see the pair test 1.2400 and lower. Any upside in GBP/USD should be capped by 1.2648 in the short-term.

GBP/USD Daily Price Chart (September 2019 – April 20, 2020)

EUR/GBP, GBP/USD and GBP/NZD Prices and Outlook - UK Webinar

EUR/GBP Trading Range Remains Narrow

The sell-off in EUR/GBP is slowing and may have made a short-term bottom. The pair’s trading range last week was narrow and indecisive with the 61.8% Fibonacci retracement level at 0.8747 the high price. Above here 20- and 50-dma levels at 0.8788 and 0.8826 respectively guard 0.8867 and 0.8891. A break and close below the 200-dma at 0.8670 may open up further losses.

EUR/GBP Daily Price Chart (September 2019 – April 20, 2020)

EUR/GBP, GBP/USD and GBP/NZD Prices and Outlook - UK Webinar

While markets remain volatile and difficult to trade, it is a good time to go back and brush up on a variety of essential trading skill sets. DailyFX strategist Paul Robinson has put together a series of videos - How to Become a Better Trader- that will help traders of all levels and competences.

What is your view on Sterling (GBP)– 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.