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
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Bitcoin and Litecoin are moving higher after Tesla CEO Elon Musk's Twitter dealings injected volatility into the crypto market. Get your #cryptocurrency market update from @FxWestwater here:https://t.co/Zbd1TSiIuc https://t.co/LQQe4Wpg2N
  • 9 out of 11 S&P 500 sectors ended lower, with 79.2% of the index’s constituents closing in the red. Energy (-2.63%), industrials (-1.47%) and financials (-1.34%) were among the worst performers, whereas real estate (+0.17%) outperformed. https://t.co/j9VI9UQc7N
  • Gold Price Forecast: XAU/USD Bid on Weak Dollar, Softer Yields -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/market_alert/2021/05/18/gold-price-forecast-xau-usd-bid-on-weak-dollar-softer-yields.html $XAUUSD $GLD $GC_F https://t.co/Cs94yiNhfI
  • The US Dollar is losing ground against a few ASEAN counterparts. USD/SGD, USD/IDR and USD/PHP seem to be maintaining a downside bias. USD/THB may rise. Get your market update from @ddubrovskyFX here:https://t.co/I2oeWXMFLc https://t.co/C49ElPMI7l
  • Treasury Sec. Yellen: - Investments and tax proposals in "Jobs Plan" will enhance net profitability of corporations, improve global competitiveness - These are investments to make the economy more competitive and sustainable
  • Treasury Sec. Yellen: - Corporate sector must bear its fair share, plan to return corporate tax toward the historical norm - We will target incentives for companies to move funds, operations overseas
  • Treasury Sec. Yellen: - We must improve public R&D to maintain America's technological edge - We must build support systems to improve quality of life and opportunities for those most impacted by wealth inequality
  • Treasury Sec. Yellen: - We must reorient the framing of US fiscal policy - Poor US fiscal policy has meant infrastructure wasn't maintained or modernized
  • Treasury Sec. Yellen: - Innovation required from public & private sector to improve the economy - We must invest in public infrastructure and institutions that drive productivity
  • Treasury Sec. Yellen: - Wage gains and profits have benefitted the top families in America - Middle class families have faced wage stagnation
GBP/USD, EUR/GBP and FTSE 100 Weekly Outlooks - UK Webinar

GBP/USD, EUR/GBP and FTSE 100 Weekly Outlooks - UK Webinar

Nick Cawley, Strategist

GBP/USD, EUR/GBP and FTSE 100 – Prices, Charts and Analysis:

  • GBP/USD – two heavyweight drivers this week.
  • Bank of England announcement (Thursday) and US Labor Report (Friday) key this week,

A raft of economic data releases this week will be overshadowed by the BoE policy announcement, and Quarterly Inflation Report, on Thursday and the latest look at US employment data (NFPs) on Friday, two important economic events. The UK central bank is expected to leave policy unchanged although voting patterns may shift the dial a little. Governor Andrew Bailey will also give his latest views on the health of the economy and any further dovish shift – additional QE or forward guidance - may weigh on Sterling. The US dollar is trying to find a bottom after its recent sell-off and will need another good set of payroll figures to help its cause.

DailyFX Economic Calendar

EUR/GBP has broken back below trend and is currently struggling to push higher. The Euro and Sterling both had a positive tone last week going into month-end and sellers have appeared in both currencies today. EUR/GBP currently trades either side of 0.9000 and today opened below both the 20- and 50-dma, adding to short-term negative sentiment. A group of recent lows around 0.8940 should hold if Fib retracement at 0.8891 breaks, all things being equal, while trend resistance and a recent high print, both around 0.9145, should temper further upside.

What is NFP and How to Trade It.

EURGBP Daily Price Chart (January – August 3, 2020)

GBP/USD, EUR/GBP and FTSE 100 Weekly Outlooks - UK Webinar

Traders of all levels and abilities will find something to help them make more informed decisions in the new and improved DailyFX Trading Education Centre

What is your view on Sterling – 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.

DISCLOSURES