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
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
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/mp9uMbpRgg
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.45% 🇬🇧GBP: 0.32% 🇦🇺AUD: 0.18% 🇨🇭CHF: 0.10% 🇨🇦CAD: 0.04% 🇯🇵JPY: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/I4S6FaLqFn
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.49% France 40: 0.45% Germany 30: 0.45% US 500: 0.34% Wall Street: 0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/mYqmNppOqU
  • 🇫🇷 Business Confidence (JAN) Actual: 98 Expected: 94 Previous: 93 https://www.dailyfx.com/economic-calendar#2021-01-21
  • Heads Up:🇪🇺 European Council Meeting due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-21
  • Turkey weighs end to dividend freeze for banks - BBG $TRY
  • Chinese Commerce Ministry: China will take measures against actions undermining interest - BBG $USDCNH
  • EUR/USD Hovering Above Support as ECB Rate Decision Shifts into View - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/01/21/EURUSD-Hovering-Above-Support-as-ECB-Rate-Decision-Shifts-into-View.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr #ECB $EUR $EURUSD https://t.co/uOpwtx661p
  • 🇮🇩 Interest Rate Decision Actual: 3.75% Expected: 3.75% Previous: 3.75% https://www.dailyfx.com/economic-calendar#2021-01-21
  • Chinese Commerce Ministry: Importance of relations with the United States is self-evident - BBG $USDCNH
Video: GBPUSD Breaks on Dubious Circumstances, Greece Riles Risk Trends

Video: GBPUSD Breaks on Dubious Circumstances, Greece Riles Risk Trends

John Kicklighter, Chief Strategist

Talking Points:

GBPUSD marked a clean break of a multi-month channel, yet the BoE Report didn't support the move

• Rhetoric surrounding the Greek-Eurozone negotiations continue to stir the markets as tension pulsates

• Though the Dollar has long-term fundamental strength, a pullback may soon be in the works

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

A high-profile catalyst for UK rate speculation was positioned to take the spotlight from the ongoing debate over Greece. Yet, activity would not follow anticipation. Counting down the days to Monday's Eurogroup meeting where terms for Greece's stop gap are to be discussed, market participants were caught off guard by a fresh round of assertive and combative commentary. Prime Minister Tsipras kept to a hard line that a bridge loan and favorable austerity changes were to be expected on Monday. Meanwhile, Eurozone officials would contradict the claims of progress. Between this ebb and flow, EURUSD progressed in its rebound and the S&P 500 moved within view of a fresh record highs. Meanwhile, the Bank of England's Quarterly Inflation report struck a slightly more dovish tone, yet GBPUSD broke a seven-month trend channel. Is the Dollar setting up for a turn that can carry the cable higher? We look at what is driving the markets and attempt to assess where in today's Trading Video.

Sign up for John’s email distribution list, here.

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

DISCLOSURES