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
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
Bullish
Wall Street
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
Gold
Bullish
GBP/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
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
  • Protests in Colombia may continue to pressure the Peso, but surging commodity prices and a weaker Greenback could curb USD/COP gains. Get your market update here:https://t.co/vcVH75xuKI https://t.co/kEvbsagB4a
  • Money never sleeps.... https://t.co/mAkpWd2M3O
  • The US exchanges are closed and now we have to turn over to the cryptocurrency charts to monitor developments in risk trends over the weekend. Unfortunately, it can be difficult to separate systemic sentiment influences vs isolated issues (like a celebrity's tweet about a coin)
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.93% 🇦🇺AUD: 0.72% 🇪🇺EUR: 0.55% 🇨🇦CAD: 0.50% 🇬🇧GBP: 0.32% 🇯🇵JPY: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rzD7Gp4VIC
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 1.17% Gold: 0.92% Oil - US Crude: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TU8HEn8Gbk
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.44%, while traders in France 40 are at opposite extremes with 73.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/M5ItmLXuiw
  • The Australian Dollar plummeted more than 1.4% against the US Dollar since the start of the week with AUD/USD reversing off technical resistance at the yearly high-close. Get your $AUD market update from @MBForex here:https://t.co/72ORZ3wZwx https://t.co/zG3UzI6bRc
  • US Markets Weekly Performance: S&P 500: -1.39% Nasdaq 100: -2.34% Dow Jones: -1.14% $SPX $NDX $DJX
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.58% Germany 30: 0.35% FTSE 100: 0.33% Wall Street: -0.00% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TUoFzlS6AX
  • https://t.co/xBh8Jp8QRu
DailyFX European Market Wrap: Pound Falls on Prospect of Another Scottish Referendum

DailyFX European Market Wrap: Pound Falls on Prospect of Another Scottish Referendum

Katie Pilbeam,

European markets are lower this Tuesday with the British currency falling on the prospect of another Scottish referendum as well as fears of a so called ‘hard Brexit’. Meanwhile in Germany, the ZEW investor confidence rose less than expected as political uncertainty weighed on the outlook of Europe’s so called powerhouse.

The Scottish National Party has warned the Theresa May not to slam the brakes on a second independence referendum, fearing that the British Prime Minister will try to delay it. After SNP leader Nicola Sturgeon’s announcement on Monday, Angus Robertson, the party deputy leader has weighed in, insisting the vote take place as early as autumn next year – rather than “see the prime minister drive us off a Brexit cliff."

Sterling is now at a two-month low against the US dollar as the reality of a Scottish referendum on independence is realized and Brexit nears. As we can see on Monday – cable actually rose slightly, but it appears a different view is taking hold this Tuesday. On a daily chart, cable has fallen from a recent February 24 high of 1.25702 to a current level of 1.21300 as sellers take control of the market, leaving the January 15 low of 1.19833 vulnerable. Below here, the October 7 2016 ‘spike low’ around 1.18000 comes into view. In addition to domestic problems, the US Federal Reserve is expected to raise interest rates, by 0.25%, on Wednesday, another negative for cable.

And we’re watching European politics closely this week on the eve of the Dutch elections. The current Prime Minister Mark Rutte wants the Netherlands to be the country that stops the rise of populism in Europe when the Dutch go to the polls on Wednesday. He said his country should be the “quarter finals to beat the wrong sort of populism,” in a year in which a number of EU countries go to the polls. The semi-final would be the French election in April/May and the final would be the German election in September, he said.

--- Written by Katie Pilbeam, DailyFX

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

DISCLOSURES