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
  • 🇳🇱 Inflation Rate YoY (APR) Actual: 1.9% Expected: 1.7% Previous: 1.9%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.89%, while traders in Wall Street are at opposite extremes with 77.13%. See the summary chart below and full details and charts on DailyFX:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.10% 🇨🇦CAD: 0.08% 🇨🇭CHF: 0.06% 🇦🇺AUD: 0.03% 🇳🇿NZD: -0.03% 🇯🇵JPY: -0.08% View the performance of all markets via
  • Heads Up:🇳🇱 Inflation Rate YoY (APR) due at 04:30 GMT (15min) Expected: 1.7% Previous: 1.9%
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.25% US 500: -0.52% France 40: -1.12% Germany 30: -1.24% FTSE 100: -1.26% View the performance of all markets via
  • Retail FX traders (at IG) have pushed up their long $USDCAD position to levels not seen in years which has nudged the net long to approximately 85% of open interest. They are fighting that trend
  • Risk trends is the focus to start this week with the Nasdaq 100 dragging sentiment down through the close of the NY session. My attention is on the Dollar as pairs like $GBPUSD stare down major resistance or reversal:
  • White House monitoring supply shortages in parts of the southeast -BBG
  • 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:
EUR/GBP Price Forecast: Euro Soars Amid Emergency Brexit Talks

EUR/GBP Price Forecast: Euro Soars Amid Emergency Brexit Talks

Richard Snow, Markets Writer

EUR/GBP Analysis:

  • EURO trading at highest level vs Sterling since June
  • ECB set to monitor Euro strength and any adverse effect on inflation
  • Bullish engulfing pattern validated with extended bullish move
  • IG Client Sentiment bullish, despite the majority of traders remaining short

The European Central Bank (ECB) has decided to maintain the current interest rate as the Eurozone rebound is largely in line with ECB expectations despite uncertainty around the strength of the economic recovery.

ECB President, Christine Legarde, mentioned that there is no need to overreact to the appreciation of the euro and clarified that the central bank does not target the FX rate. This was in response to concerns that have arisen around potential adverse implications of a stronger Euro on future inflation.

Visit the DailyFX Educational Center to discover why news events are Key to Forex Fundamental Analysis

DailyFX Economic Calendar

DailyFX Economic calendar

For all market-moving data releases and events see the DailyFX Economic Calendar

Bullish Engulfing Provides Platform for Extended EUR/GBP Bull Run

The EUR/GBP pair has printed a remarkable bullish continuation, fueled further by emergency Brexit talks on Thursday between European Commission Vice-President Maros Sefcovic and UK Cabinet Office minister Michael Gove regarding the proposal of a UK law that would override sections of the Brexit withdrawal agreement signed by both parties in January – See full report here.

After witnessing the bullish engulfing pattern and bullish MACD crossover, price accelerated and broke trendline resistance with ease, providing a possible change in near term momentum. The renewed upward momentum had recently breached the recent swing high at 0.9176 with the next level of resistance at 0.9225, followed by 0.9282.

However, should price fail to break and close above 0.9176, this could represent a zone of resistance and open the door to a near term retracement of the accelerated bullish move. A lower move would see the 23.6% Fib level (drawn from the April low to June high) come into focus at 0.9057 before the psychological number 0.9000 becomes the next level of support.

EUR/GBP Daily Chart: Bullish Engulfing and MACD Crossover Setup

EUR/GBP daily chart

Chart prepared by Richard Snow, IG

Learn How to Identify and Apply the Bullish Engulfing Pattern

Bullish Engulfing Candle Pattern

IG Client Sentiment bullish, despite the majority of traders remaining short

Client Sentiment

Current Trader Positioning:

  • EUR/GBP: Retail trader data shows 33.86% of traders are net-long with the ratio of traders short to long at 1.95 to 1.
  • The number of traders net-long is 16.49% lower than yesterday and 34.41% lower from last week, while the number of traders net-short is 15.09% higher than yesterday and 54.77% higher from last week.


  • We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/GBP prices may continue to rise.
  • Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes hints at a stronger EUR/GBP-bullish contrarian trading bias.

--- Written by Richard Snow for

Contact and follow Richard on Twitter: @RichardSnowFX

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