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.

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
Bearish
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
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
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
  • We are going to start the new trading week with a few critical technical breaks like the $QQQ's (NDX) H&S neckline break on volume and EURUSD's clearance below 1.1950. Are these the makings of trends? My take: https://www.dailyfx.com/forex/video/daily_news_report/2021/03/06/EURUSD-and-Nasdaq-100-to-Start-Week-with-Multi-Month-Breakdown.html https://t.co/iR5w7iDkDU
  • 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: https://t.co/8A1QhwMVKo https://t.co/OR70NHkgeI
  • What are some factors driving AUD? Get your free forecast for this quarter here:https://t.co/z85CIVYiuK #DailyFXGuides https://t.co/nd93gXDswq
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/xeidoj2K9f
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/1rhLp4LnfN
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/RKYGzRStvL
  • The US Dollar is moving higher after a blowout NFP report bolstered confidence in the US economic recovery. Markets will now turn attention to next week’s US inflation data which could boost the Greenback. Get your market alert from @FxWestwater here: https://t.co/Ud62r3hKRF https://t.co/dvvDCJvlbP
  • 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/7g9pB8D9xK
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/OCLzmXaDCu
  • Technical analysis of charts aims to identify patterns and market trends by utilising differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/UZela9nSIm
British Pound (GBP) Latest: Brexit Increasingly a Focus for GBP/USD Price

British Pound (GBP) Latest: Brexit Increasingly a Focus for GBP/USD Price

Martin Essex, MSTA, Analyst

GBP price, Brexit news and analysis:

  • The latest round of talks between the UK and the EU on their post-Brexit relationship begins next week; expected to be the final set of negotiations before a summit next month to evaluate progress.
  • So far, an agreement has been elusive, with the two sides still far apart, but any hint of a breakthrough could boost GBP.
  • In the meantime, a speech this session by UK monetary policymaker Michael Saunders has the potential to weaken GBP/USD.

GBP/USD traders turn attention to post-Brexit talks

The UK and the EU are to begin a new round of talks on their post-Brexit relationship next week; potentially the last before a planned EU summit on June 19. So far, there have been few signs of progress, with the two sides still far apart. However, that means any hint the two sides are making headway could give GBP/USD and the GBP crosses a lift.

So far, the UK has insisted that the current transition period will not be extended beyond December 31 and is prepared to go it alone from then with or without a deal.

UK monetary policy update

Traits of Successful Traders
Traits of Successful Traders
Recommended by Martin Essex, MSTA
Traits of Successful Traders
Get My Guide

In the meantime, GBP/USD traders need to watch out for a speech at 1000 GMT this session by Michael Saunders, an external member of the Bank of England’s monetary policy committee and a noted dove.

In his speech, Saunders will focus on the impact the Covid-19 pandemic has had on the UK economy, highlight some risks he sees to the outlook, and discuss implications for monetary policy.

Of particular interest will be any comments he makes about the possibility of negative interest rates (NIRP) in the UK to boost economic activity.

If you'd like to know about slippage in FX, you can check out this article here

GBP/USD BEARISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 2% -12% -5%
Weekly 11% -12% -1%
What does it mean for price action?
Get My Guide

We look at Sterling regularly in the DailyFX Trading Global Markets Decoded podcasts that you can find here on Apple or wherever you go for your podcasts

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below

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

DISCLOSURES