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.

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
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
More View more
Real Time News
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇦🇺AUD: 0.36% 🇯🇵JPY: 0.20% 🇨🇭CHF: 0.12% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/p4hWvfg6jr
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.53% US 500: 0.50% France 40: 0.24% Germany 30: 0.17% FTSE 100: 0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0kcXNlAb2W
  • The price of gold appears to have reversed course following the failed attempt to test the July high ($1834). Get your $XAUUSD market update from @DavidJSong here:https://t.co/oPADzNsKeJ https://t.co/5g19bJ4Mkn
  • Ominous looking level here for the S&P 500 (via $SPY). Things could get ugly if this support zone gives way. At what point will stocks start paying attention to crude oil and bonds, which have been sounding the alarm bell for weeks? $SPX #StockMarket https://t.co/FXGCwzx19D
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇯🇵JPY: 0.34% 🇦🇺AUD: 0.25% 🇬🇧GBP: 0.11% 🇪🇺EUR: -0.02% 🇨🇦CAD: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3tkrLEwGkn
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 0.63% FTSE 100: 0.28% Wall Street: 0.16% US 500: -0.03% Germany 30: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/nogPyoVSgo
  • China's Aviation regulator says passengers that purchased domestic tickets for flights scheduled from Aug 4-31 can request a full refund
  • The DAX 30 took a hard dive two weeks ago when a regulation clampdown in China sent major tech stocks tumbling, causing a widespread risk-off move. Get your #DAX market update from @HathornSabin here:https://t.co/Rqv0GGhS3W https://t.co/6VfSOQk1ex
  • South Africa to begin the process of postponing election on October 27th $ZAR
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.28% Gold: -0.07% Oil - US Crude: -1.98% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/h2QKCSlUV8
GBP/USD Bear Channel Remains Intact

GBP/USD Bear Channel Remains Intact

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD Bear Channel Remains Intact

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-A breakout from a 1 month inverse head and shoulders pattern is valid above today’s low (breakout day) but GBPUSD does face channel resistance at this level. The reversal pattern’s objective is 1.5494, which is in line with the December low at 1.5485. Weakness below 1.5163 would indicate a failed reversal pattern.

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

DISCLOSURES