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
Oil - US Crude
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
Wall Street
Bearish
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
Bearish
More View more
Real Time News
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.12% 🇨🇭CHF: 0.12% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.29% 🇳🇿NZD: -0.30% 🇦🇺AUD: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/MTsEq7hKxa
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-18
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/XAFYM7zDJh
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.07% FTSE 100: 0.00% France 40: -0.06% Wall Street: -0.12% US 500: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/gxgRguXtKH
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here: https://t.co/i8E2AXtzF3 https://t.co/mQbf0KPldQ
  • USDCNH trend break may have legs... https://t.co/7eSxRtiOfI
  • 🇮🇹 Inflation Rate YoY Final (DEC) Actual: -0.2% Expected: -0.1% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-01-18
  • 🇮🇹 Inflation Rate YoY Final (DEC) Actual: -0.2 Expected: -0.1% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-01-18
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 70.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UfUYrWiJSX
  • Heads Up:🇮🇹 Inflation Rate YoY Final (DEC) due at 09:00 GMT (15min) Expected: -0.1% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-01-18
Forex Strategy Video: EURUSD and GBPUSD Relationship Points to a Reversal

Forex Strategy Video: EURUSD and GBPUSD Relationship Points to a Reversal

2014-03-12 19:28:00
John Kicklighter, Chief Strategist

Talking Points:

• Historically, the EURUSD and GBPUSD maintain a longer-term correlation

• Recently the two have deviated abruptly with each facing key technicals levels

• A convergence will likely result in a meaningful break for one, reversal another, and trend for both

Find help with your trades and trading strategy from DailyFX analysts with DailyFX on Demand.

While there are both shared and independent fundamental drivers between EURUSD and GBPUSD, the pairs historically maintain a very strong correlation. We can use that to our advantage. Periods of divergence between these benchmark currency pairs do occur, but they do not often last for very long. And, when they resync, it often occurs with a significant reversal or breakout for one of the two and a sizable trend-based run for both. This relationship is particularly useful now with both pairs facing heavy technical levels - EURUSD at the top of a rising wedge at 1.3900 and GBPUSD threatening support on a rising channel near 1.6600/6500 - and an unforgiving quiet in broader markets. We discuss this relationship and its trade implications in today's Strategy 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