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
Bullish
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
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Bearish
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
  • Hey traders! Get your Thursday market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/50r5qyuMP4
  • Fed's Bullard: - Fed will be less preemptive to tighten than in the past - Sees more inflation pressure in 2021 than in previous years #Fed $USD
  • The British Pound is beginning to lose ground against the commodity currencies: the AUD, the NZD, and the CAD, suggesting that its recent broad strength may be drawing to a close near-term. Get your $GBP market update from @MartinSEssex here:https://t.co/d015Cpcj1W https://t.co/LFQWfh34pY
  • EUR/USD climbs to a fresh monthly high (1.2238) following the semi-annual testimony with Federal Reserve Chairman Jerome Powell. Get your $EURUSD market update from @DavidJSong here:https://t.co/mGjClEgEhd https://t.co/dvqtOOCZok
  • Gold (XAU/USD) -1.7% at $1,773/oz....the $1,760/-$1,764/oz. level under pressure again. #gold #xauusd @DailyFX https://t.co/XS2INokIRx
  • Heads Up:🇺🇸 Fed Quarles Speech due at 16:10 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-02-25
  • As US yields climb higher, gold prices have dropped to session lows of 1770 - YTD low at 1761 USDJPY continues to track higher, hitting 106.22 (YTD high) High beta FX beginning to soften slightly as USDCAD recovers back above 1.25
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.44% 🇨🇭CHF: 0.33% 🇬🇧GBP: 0.05% 🇨🇦CAD: -0.03% 🇦🇺AUD: -0.16% 🇯🇵JPY: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SwhdGUNXdZ
  • The US10Y yield just matched the $SPX dividend yield (1.5%), making stock exposure a little bit less attractive at this stage. It's a huge concern for equities and one we discussed in yesterday's webinar - https://www.dailyfx.com/forex/market_alert/2021/02/24/Stock-Market-Forecast-for-the-Week-Ahead-Growth-to-Value-Rotation-Heats-Up.html?ref-author=phanks&QPID=917701&CHID=9
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: France 40: 0.12% FTSE 100: -0.07% Wall Street: -0.45% Germany 30: -0.52% US 500: -0.78% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/5DPlIjUwBA
GBP/USD Probes Lows; Technical Levels at 1.4850 and 1.4950

GBP/USD Probes Lows; Technical Levels at 1.4850 and 1.4950

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBP/USD Probes Lows; Technical Levels at 1.4850 and 1.4950

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: The GBPUSD is back on the lows but “the idea that price is bottoming for a move back to 1.5320-1.5400 (watch the 20 day average) is on track.” Like the EURUSD, the GBPUSD is nearing potentially significant support from technical measures; a July 2010 pivot low and channel support are at 1.4950 and the 61.8% of the rally from the 2009 low to 2009 high (1.3500-1.7042) is at 1.4853.

FOREX Trading Strategy: “Rallies should be sold but probably not until at least 1.5320 and maybe 1.5400.” That leaves room on the upside in the near term once we can identify a low. 1.4850-1.4950 might do the trick. Exceeding 1.5100 would suggest that the low is already in place.

LEVELS: 1.4853 1.4947 1.4984 1.5105 1.5198 1.5320

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

DISCLOSURES