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
GBP/USD
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
  • The USD could still rally a bit from here, but has resistance not far ahead that it will need to overcome if it is to extend to a larger degree. Get your weekly $USD technical forecast from @PaulRobinsonFX here: https://t.co/n0CVWWOJDe https://t.co/0uLjsQ2gwM
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/nfiFAlyYXv
  • 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/Blrl0unrdT https://t.co/mIsVJ4zTbB
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/hymrumanUY
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfs2Iz https://t.co/6dAqxsVfxJ
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here: https://t.co/Xu3ZT7EtrW https://t.co/5VHKn52MaA
  • 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: https://t.co/nAa0fHq4Np https://t.co/mf9rsmIvaW
  • 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: https://t.co/7t4BzmLg8w https://t.co/mYWO0Eta0P
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here: https://t.co/ZvEMQuFjSs https://t.co/rMmq9cehnY
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/tm4k3IVzHr
Forex Forecast for the New Year: EUR/USD, GBP & More | Podcast

Forex Forecast for the New Year: EUR/USD, GBP & More | Podcast

Ben Lobel, Martin Essex, MSTA,

Talking points on this podcast:

This time on Trading Global Markets Decoded, our host Martin Essex is joined by DailyFX analysts James Stanley and Peter Hanks. As the decade comes to a close, we explore the outlook for EUR/USD heading into the new year, debate how gold is set to move in 2019, and reflect on whether stocks are due a correction in the coming months.

You can listen to this podcast by clicking on the YouTube link above or by using one of the alternative platforms listed below.

Forex Forecast: EUR/USD outlook

Martin begins the podcast with discussion on the outlook for EUR/USD. With the US-China trade dispute, the future of Donald Trump’s presidency, and the interest rate outlook in the US and the Eurozone, there is much to discuss about the currency pair’s future in 2019. Against that backdrop, where does James see EUR/USD heading in the New Year?

“I think there’s another factor and that’s [new ECB President] Christine Lagarde,” he notes. “[Former ECB President} Draghi’s tenure was defined by a really dovish overall outlay. There were no rate hikes during his entire tenure atop the ECB; he launched a bazooka of stimulus [measures] a couple of times, drove rates into negative, and there’s the question of how much lower they can go.

“I know the wide expectation is looking for a tip towards EUR/USD parity, but I think Lagarde is going to put pressure on the fiscal side of the equation, maybe backing off the monetary cannons for a little bit. I’m looking for EUR/USD to pop higher next year. I think we’ll see some Euro strength in 2020 which may surprise a lot of folks.”

Are stocks due a correction?

On stocks and the chance of a correction lower, Peter says: “This is going to come down to the looming election and President Trump’s [decisions]. Those tax cuts are probably going to be talked up if the economy starts to falter a little. The backdrop of the dovish Fed, will continue [to take] stocks higher in 2020.”

Outside of the US then – will other markets such as London and Tokyo just follow Wall Street or have separate drivers? “Barring any major breakdown, the trend will be broadly higher and follow US indices. If this stimulus that’s being pumped into every major market finally starts to take hold, that’s when you can start to see a real uptick in equities.”

For more ways of listening to the DailyFX podcast, click on one of the additional channels below.

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

DISCLOSURES