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.



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
Wall Street
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
  • 🇮🇩 Inflation Rate YoY (FEB) Actual: 1.38% Expected: 1.38% Previous: 1.55%
  • Heads Up:🇮🇩 Inflation Rate YoY (FEB) due at 04:00 GMT (15min) Expected: 1.38% Previous: 1.55%
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.75% Gold: 0.92% Silver: 0.65% View the performance of all markets via
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.72% 🇳🇿NZD: 0.65% 🇬🇧GBP: 0.49% 🇪🇺EUR: 0.12% 🇨🇭CHF: 0.05% 🇯🇵JPY: -0.07% View the performance of all markets via
  • Dramatic-looking Bearish Engulfing candle pattern with negative RSI divergence on the weekly #AUDUSD chart. A turn may be brewing.
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.78%, while traders in GBP/JPY are at opposite extremes with 66.27%. See the summary chart below and full details and charts on DailyFX:
  • Australian Dollar Unfazed by Chinese PMI as RBA Meeting Shifts Into View - $AUD $AUDUSD
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • RT @FxWestwater: Australian Dollar, APAC Markets Focus on Bond Yields to Start March Link: $AUDUSD…
FTSE Technical Analysis – Still at Risk of Testing Top of H2 2017 Range

FTSE Technical Analysis – Still at Risk of Testing Top of H2 2017 Range

Paul Robinson, Strategist

FTSE Highlights:

  • FTSE decline off highs has been fairly aggressive, could be over
  • But if the index fails on the current bounce, then look for 7600/7550, maybe worse
  • GBP strength has impacted the past couple of weeks, could lessen in near-term

What is driving the FTSE and GBP this quarter? Find out in the Q1 Trading Forecasts.

Last week, we noted that moving side-ways (a time correction) would do the FTSE some good if it is to continue moving higher, but rather than consolidate, the alternative path outlined (another leg lower) was taken. It’s possible the correction is over, but if another lower high develops in the next couple of days, a decline towards big support could be in store.

Friday’s rally was fairly aggressive, however; the FTSE needs to push strongly above 7700 to give more weight to the notion of the correction having ended. Should that be the case, then 7608 will be the swing-low to keep an on as support.

Should sellers show up in earnest and push the market below 7608, just beneath that point is a zone from 7600 down to around 7550. It will be an important one to hold if the general outlook is to remain favorable. A strong sell-off back into the range created last year would be reason to look for selling to accelerate.

Struggling right now? We’ve got a guide designed to help you – Building Confidence in Trading.

Chart – FTSE: Daily

FTSE daily price chart

The 2-week correlation between the FTSE and GBP is a strongly negative 86% at this time. As the 100 index is mostly comprised of multi-national companies who earn a majority of profits outside of the UK, currency fluctuations have a meaningful impact on earnings.

After a 900-point rise in GBP/USD, there is reason to believe the current pullback could deepen, which may be enough to let the footsie rise. This was the case for the European equities not long ago when EUR/USD took a breather. But as per usual, we’ll focus on the specific technical aspects of the market first, correlation second.

If you’d like to listen in on live analysis pertaining to global equity indices (and commodities), you can join me every Tuesday at 10 GMT time for technical insights.

Trader Resources

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

To receive Paul’s analysis directly via email, please SIGN UP HERE

You can follow Paul on Twitter at @PaulRobinsonFX

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