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
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out 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:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region. Get your #Bitcoin forecast from @DColmanFX here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
Guest Commentary: Making the most of a Major EURGBP Reversal

Guest Commentary: Making the most of a Major EURGBP Reversal

Ed Matts,,

* Euro Sterling is repeating itself within a clear upward ratchet without momentum.

* Since this could be preparation for a major bull market, we are staying core long.

* Since this could also be part of a typical consolidation base, we have reduced longs above 0.7900.

Guest_Commentary_Making_the_most_of_a_Major_EURGBP_Reversal_body_EURGBP0208.png, Guest Commentary: Making the most of a Major EURGBP Reversal

There is a difference between trading and analysis, between a trade and a view, between being right and making money.

So we are long Euro Sterling short medium and long term but now that is finally got above 79 to the 38.2% retracement and not yet broken the 7955 key resistance should we lighten longs?

There are 3 striking observations about the upward ratchet since Euro Sterling spiked the 7785 target.

  • It seems to be repeating itself on a larger and larger scale reminiscent of the Mandelbrot expansion.
  • This is consistent with a larger leading diagonal or wedge and deeper correction suggesting Euro Sterling will fade 7910 at first for 7820 and later 7955 before a typical retest of the 7755-7785 lows in a consolidation base before it accelerates through 7955. This is our favoured view.
  • Thirdly there is a similarity between this and previous price action most noticeably February 23rd 2010 (Fractal 2 in diagram) where Euro Sterling actually faded above 79 only for 7845 the 50% in an irregular correction before an explosion through 7955 to the equivalent of 8165.
Guest_Commentary_Making_the_most_of_a_Major_EURGBP_Reversal_body_EURGBPFractal208.png, Guest Commentary: Making the most of a Major EURGBP Reversal

We have cut 1/3 of our long looking to buy even more when it has resolved the consolidation versus reversal issue either with a retest of the lows or a break of 7955.

Further videos or commentaries are available from

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to

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