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
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
Wall Street
More View more
Real Time News
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • What's the difference between leading and lagging indicators? Find out from here:
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here:
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here. #DailyFXGuides
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here:
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
Video: Pound, Dollar, Risk Intensify Focus on Approaching Brexit Vote

Video: Pound, Dollar, Risk Intensify Focus on Approaching Brexit Vote

John Kicklighter, Chief Strategist

Talking Points:

  • Brexit-charged GBP/USD volatility duped many with a false break of the 200-day moving average
  • Unease is growing in risk trends with trend drying up for the likes of SPX while USD's sensitivity reflects focus
  • Pound, Euro, Dollar and Yen all batten down for the Brexit - few outlets left for low-risk trade opportunities

See how retail traders are positioning in the majors using the SSI readings on DailyFX's sentiment page. Having trouble trading in the FX markets? This may be why.

There is no escaping the volatility preceding Thursday's pivotal vote. For those that thought they could still focus only on the technicals and let the event risk play out in the background, GBP/USD showed the dangers with selective analysis that veers away from what is guiding the broader market. The momentum that started this week with polls shifting back in favor - albeit marginally - of the 'Remain' camp carried through a break above the 200-day moving average. A breach of a critical resistance would under normal conditions prompt a trend shift and motivate follow through. Yet, with such a cataclysmic event ahead, committing to a prevailing trend is extremely risky.

Normally, the focus on critical event risk just over the horizon would support tactical trading. That is a trading approach where the emphasis is on short-term scenarios, technicals and fundamentals only for volatility. However, there is a fold that to this particular scenario that makes even that risk-oriented approach dangerous: liquidity. As fear drains the markets, volatility increases to undermine the influence of technical levels and bolster the risk of gaps. There is little edge to find in such circumstances and risk management is virtually impossible.

As we head into the 'no man's land' preceding the Brexit, unwinding risky exposure is increasingly important. Fear in Pound crosses remains astronomical as can be seen in risk reversals. Fear and deleveraging in other risk-oriented assets is generating a mild boost to a false sense of security with measures like the VIX easing back. However, the market's focus is clear from S&P 500 to the US Dollar to volume. It is time to think first of risk and plot opportunities after the tornado hits. We monitor the growing risks in today's Trading Video.

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

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