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
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
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook!
  • 4 consecutive down weeks for the #SP500, last matched over a year ago #Fed balance sheet continues to gain very cautiously, now at its highest since the middle of June. Still, at slower pace than last week Focus shifts to US fiscal stimulus next week in the House of Reps
Price & Time: GBP Leading the Way?

Price & Time: GBP Leading the Way?

2013-07-03 11:10:00
Kristian Kerr, Sr. Currency Strategist

This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws of nature and through the use of various geometric, arithmetic, statistical and cyclical techniques a better understanding of markets and their corresponding movements can be achieved.

To receive other reports from this author via e-mail, sign up to Kristian’s e-mail distribution list via this link.

Foreign Exchange Price & Time at a Glance:


PT_GBP_body_Picture_4.png, Price & Time: GBP Leading the Way?

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD has broken away from the 1.3000 6th square root progression of the year-to-date high
  • Our trend bias remains lower, but weakness below the 78.6% retracement of the May to June advance near 1.2925 is needed to maintain the immediate downside tack
  • Medium-term focused time cycle studies indicate early next week is a turn window of some importance
  • The 61.8% retracement of May to June move higher at 1.3030 is now immediate resistance
  • However, only over 1.3125 turns us positive on the Euro

Strategy: Like holding short positions while below 1.3125


Support 2

Support 1


Resistance 1

Resistance 2








PT_GBP_body_Picture_3.png, Price & Time: GBP Leading the Way?

Charts Created using Marketscope – Prepared by Kristian Kerr

  • NZD/USD continues to consolidate above the 78.6% retracement of the June to April advance in the .7715 area
  • Our trend bias remains lower, but traction below .7715 is desperately needed to trigger more meaningful downside momentum
  • Cycle studies point to early next week as a potential turn window in the Kiwi
  • The 2nd square root progression of last month’s low in the .7860 area remains key near-term resistance
  • Only clear strength above this level would turn us positive on the Bird

Strategy: Like being square for the time being. May look to go long next week if the Kiwi reacts well during the turn window.


Support 2

Support 1


Resistance 1

Resistance 2








PT_GBP_body_Picture_2.png, Price & Time: GBP Leading the Way?

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/CHF has moved steadily higher since finding support in late June at the 78.6% retracement of the April to May advance near 1.2235
  • Our trend bias is lower while below the 1x2 Gann angle line of the year-to-date high in the 1.2355 area
  • The 50% retracement of the late June advance near 1.2300 needs to give way to set up a downside resumption
  • Very near-term focused cycles favor strength for a few more days
  • However, only a close over 1.2355 suggests a trend shift and turns us positive on the cross

Strategy: Only small short positions favored while below 1.2355.


Support 2

Support 1


Resistance 1

Resistance 2







Focus Chart of the Day: GBP/USD

PT_GBP_body_Picture_1.png, Price & Time: GBP Leading the Way?

Cable traded to its lowest level in over a month on Wednesday before rallying sharply from just under the 78.6% retracement of the May – June advance at 1.5165. The action is interesting from a short-term cyclical perspective as often times Sterling acts as a leader. As we noted yesterday, the broader cyclical outlook seems to favor a USD peak sometime around late this week or early next week. The current strength in the Pound suggests early/mid next week is now probably the more likely timeframe as another day or so of strength looks likely before the next move lower into the medium-term turn window. Aggressive strength over 1.5400 would signal that the rate has bottomed early. This looks less likely.

--- Written by Kristian Kerr, Senior Currency Strategist for

Looking for a way to pinpoint sentiment extremes in the Yen in real time? Try the Speculative Sentiment Index.

To contact Kristian, e-mail Follow me on Twitter @KKerrFX

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