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
Oil - US Crude
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
  • Gold prices are finally showing life in what should be one of the best fundamental environments in recent history.Get your $XAUUSD market update from @CVecchioFX here:
  • ECB VP de Guindos: - ECB forecasts inflation to decline next year and remain low - There is still time to decide on the PEPP program's destiny $EUR
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 2.74% Gold: 1.27% Oil - US Crude: -0.04% View the performance of all markets via
  • USD/CAD continues to reverse lower, now trading below the June swing high $USDCAD
  • Company earnings bolster FTSE 100 index. Downtrend on UK treasury yields continues. Get your market update from @WVenketas here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.15%, while traders in Wall Street are at opposite extremes with 75.10%. See the summary chart below and full details and charts on DailyFX:
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.61% Wall Street: 0.61% FTSE 100: -0.04% Germany 30: -0.04% France 40: -0.09% View the performance of all markets via
  • EUR/USD continues to push higher on post-FOMC USD weakness, eyeing test of 1.19 $EURUSD
  • It's Robinhood ($HOOD) IPO day, and the stock is down from its open. Here's what I had to say about it ahead of time in an interview with @KristenScholer @cheddar
British Pound (GBP) Weekly Forecast: GBP/USD, EUR/GBP Testing Range Boundaries

British Pound (GBP) Weekly Forecast: GBP/USD, EUR/GBP Testing Range Boundaries

Daniela Sabin Hathorn, Analyst

GBP/USD, EUR/GBP Price Analysis & News

  • GBP/USD sticks to its range but touches both limits continuously
  • EUR/GBP heads towards the lower bound of its range

GBP/USD: The Pound has finished the week relatively unchanged with GBP/USD fluctuating in a tight range throughout. Thursday’s pullback ahead of the US CPI data was rejected at 1.4075 an area that had offered support previously in May. The pair has ventured towards this level a few times over the last month so there does seem to be some sort of pull to bring the pair lower in the short term, given how bullish attempts have been rejected consistently at the 1.42 mark. With some economic data in the calendar next week for the UK, traders are likely to focus on inflation numbers prior to the next BOE meeting in August given Haldane’s recent hawkish comments about tapering bond purchases. They are likely to be paying close attention to the UK’s reopening plan being pushed back, which could cause GBP/USD to break below the lower bound of its range, likely heading towards an attempted break below 1.40.

GBP/USD Daily Chart


EUR/GBP: this pair has also been offering some interesting range trading over the last few weeks. That said, the recent trend seems to have been skewed to the downside, offering a better chance at breaking the lower bound of the range in the coming days. The stochastic oscillator is venturing into the sub-50 territory which indicated that selling pressure is increasing, and EUR/GBP is now trading below its four main simple moving averages, putting further bearish pressure on the pair. Short-term resistance seems to hold at the 0.86 mark, followed by the upper bound of the range at 0.8644. To the downside, key support continues to hold at 0.8560, but I would be looking out for an increase in bearish momentum in a new attempt to bring the pair towards the 0.85 mark.

EUR/GBP Daily Chart


Learn more about the stock market basics here or download our free trading guides.

--- Written by Daniela Sabin Hathorn, Market Analyst

Follow Daniela on Twitter @HathornSabin

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