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.

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
Bearish
Oil - US Crude
Mixed
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
Wall Street
Bearish
Gold
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
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Gold Price Forecast: Long-Term Yields May Keep XAU/USD on the Backfoot - https://t.co/YV1gkiTPrq #GOLD $GLD $XAUUSD https://t.co/oT1lIcChN6
  • 🇳🇱 Inflation Rate YoY (FEB) Actual: 1.8% Previous: 1.6% https://www.dailyfx.com/economic-calendar#2021-03-04
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.03%, while traders in Germany 30 are at opposite extremes with 69.08%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rHzkW4zqv7
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/kIGn36WXO2
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.28% 🇳🇿NZD: 0.09% 🇨🇭CHF: 0.07% 🇨🇦CAD: 0.02% 🇯🇵JPY: -0.03% 🇪🇺EUR: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/d2JGjMhNQn
  • Heads Up:🇳🇱 Inflation Rate YoY (FEB) due at 05:30 GMT (15min) Previous: 1.6% https://www.dailyfx.com/economic-calendar#2021-03-04
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.33% US 500: -0.54% FTSE 100: -0.54% France 40: -0.67% Germany 30: -0.81% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/WVmqPR5R29
  • Risk trends are on the lam again with Nasdaq 100 threatening to usher the reversal, but I remain skeptical that fire will catch. Meanwhile, global 10yr yields are rising again, pulling gold down. Watch I'm watching: https://www.dailyfx.com/forex/video/daily_news_report/2021/03/04/Nasdaq-Breakdown-Raises-Risk-Trend-Questions-Yields-Push-Dollar-and-Gold.html https://t.co/2RFnWOaXa4
  • 🇯🇵 Consumer Confidence (FEB) Actual: 33.8 Previous: 29.6 https://www.dailyfx.com/economic-calendar#2021-03-04
  • Heads Up:🇯🇵 Consumer Confidence (FEB) due at 05:00 GMT (15min) Previous: 29.6 https://www.dailyfx.com/economic-calendar#2021-03-04
GBPUSD Technical Analysis: Golden Cross Formed, Volatility Highest Since July 2016

GBPUSD Technical Analysis: Golden Cross Formed, Volatility Highest Since July 2016

Justin McQueen, Analyst

GBP Price Analysis and Talking Points:

  • GBPUSD Implied Volatility Surges to Highest Since 2016
  • GBPUSD forms Golden Cross

See our quarterly GBP forecast to learn what will drive prices throughout Q1.

Current Brexit Timetable (Subject to change)

09:30GMTUK Cabinet to meet

11:15GMT - UK Brexit Secretary at the Brexit select Committee

Before 11:30GMT – Attorney General Geoffrey Cox Legal Advice

Early Afternoon - PM May opens the Meaningful Vote debate

19:00GMT - Voting starts

GBPUSD Implied Volatility Surges to Highest Since 2016

Ahead of tonight’s Brexit vote, GBP overnight implied volatility has surged to the highest level since July 2016, having jumped a sizeable 14.5 vols to 29.8 vols. Consequently, the implied move on today’s session for GBPUSD is at 163pips.

GBPUSD OVERNIGHT ATM OPTION

GBPUSD Technical Analysis: Golden Cross Formed, Volatility Highest Since July 2016

GBPUSD Technical Outlook: Golden Cross Formed

Following the sharp reversal in yesterday’s session, GBPUSD has now formed a golden cross (50DMA above 200DMA). As such, bulls are now eying a move towards the YTD peak (1.3350) in which a firm break above could see a move towards the 50% Fib retracement from the 2018 high to 2019 low.

GBPUSD Technical Analysis: Golden Cross Formed, Volatility Highest Since July 2016

TODAY’S TOP STORY

Brexit Latest: Sterling Soars but Brexit Bill Changes Under Scrutiny

GBP TRADING RESOURCES:

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES