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
Mixed
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Fed Chair Powell: - The public and the world have confidence in the dollar #Fed $USD
  • The RBNZ noted that operational work to enable the OCR to be taken negative if required has now been complete. Get your $NZD market update from @JMcQueenFX here:https://t.co/R1UTWCHdqT https://t.co/2v0yTvBorT
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.50% Silver: 0.33% Gold: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/eJbD5UV2zK
  • Fed Chair Powell: - We are not acting on forecasts with regards to our policy, only actual data - There is reason for optimism for 2H 2021 if we control the virus #Fed $USD
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.85% 🇨🇦CAD: 0.45% 🇦🇺AUD: 0.33% 🇪🇺EUR: -0.06% 🇨🇭CHF: -0.25% 🇯🇵JPY: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8HJgkiaCXO
  • Fed Chair Powell - Drawdown in Treasury account at Fed could lower rates $USD
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.81% US 500: 0.62% France 40: 0.05% Germany 30: 0.04% FTSE 100: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Dz2SC5NeTA
  • $WTI Crude Oil is currently trading at a fresh one year high just shy of 63.00 following today's #EIA report. Oil output and total stockpiles slumped last week, driven by the extreme weather in Texas. $OIL $USO https://t.co/BOtkO2QEN7
  • Fed Chair Powell: - Inflation dynamics evolve over time, don't change overnight - Expect higher inflation but not a large, persistent move - Economy still has a great deal of slack - Fed has tools to deal with unwanted higher inflation when necessary #Fed $USD
  • BoE Gov. Bailey: - It would take significant news for us to change the pace of QE purchases. #BoE $GBP
FOREX Analysis: GBP/USD Closes Below 7 Month Trendline

FOREX Analysis: GBP/USD Closes Below 7 Month Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, FOREX Analysis: GBP/USD Closes Below 7 Month Trendline

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The GBPUSD has broken trendline. Recent comments were that “price action is lackluster for bulls when one considers what the EURUSD is doing. That said, respect the upside as long as price is above 15991. Weakness below that level would open up 15822.” With the break below trendline support, look towards 15822.

FOREX Trading Strategy: The trend is lower as long as price is below 16167. 16050/90 is resistance and the level to sell into.

LEVELS: 15822 15900 15961 16050 16090 16167

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

DISCLOSURES