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
EUR/USD
Mixed
Oil - US Crude
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
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
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
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
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/DmhBkcMZBK https://t.co/kFk6ccU3Sk
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/aXSB0bG3y0
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/1G7CRsegRX https://t.co/i342ipPuvW
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/tHp0Nb3Tr5
  • USD/JPY is bucking the trend in USD weakness, tentatively putting it on a path towards higher levels. Get your $USDJPY technical analysis from @PaulRobinsonFX here: https://t.co/RnrBCFE3gt https://t.co/hTSdTcIwZY
  • The Canadian Dollar gained with government bond yields. Might USD/CAD find its way to current 2020 lows? Canada’s benchmark stock index, the TSX Composite, faces the March high.Get your $USDCAD market update from @ddubrovskyFX here:https://t.co/0Ba8E2S7vC https://t.co/JLUTzF6xlY
  • IG Client Sentiment is warning that the S&P 500, gold prices and AUD/USD could fall ahead as upside exposure accumulates. What are key technical levels to watch for next? Find out from @ddubrovskyFX here: https://t.co/YsBypn73vy https://t.co/erPb9HMRVc
  • The US Dollar could be readying to rise against the Singapore Dollar and Indonesian Rupiah ahead. Will USD/PHP and USD/MYR also follow this outlook? Find out from @ddubrovskyFX here: https://t.co/xvMPZha5SB https://t.co/P9QLmnY1Fg
  • The Euro has been struggling to maintain its upside momentum. Is EUR/USD readying to turn lower? EUR/AUD may be aiming to rise, but has EUR/CAD topped? Find out from @ddubrovskyFX here: https://t.co/vlJM3iQIYS https://t.co/8FGl10wDto
  • Third consecutive weekly gain in the #SP500 as of today's close, rising 0.63%#Fed balance sheet gained by 0.18% over the same period after shrinking -0.06% previouslyGenerally speaking, the size of the b/s has remained more or less unchanged for a month https://t.co/0TrEA5RGmA
British Pound Latest (GBP) - GBP/USD Pullback, EUR/GBP Dips Supported

British Pound Latest (GBP) - GBP/USD Pullback, EUR/GBP Dips Supported

2020-07-10 08:11:00
Justin McQueen, Analyst
Share:

GBP/USD, EUR/GBP Price Analysis & News

  • EU-UK Talks Appearing to Make Headway on Fisheries
  • Global Bond Markets Rally as Equities Soften

EU-UK Talks Appearing to Make Headway on Fisheries

Despite headway appearing to be made between the EU and UK over fisheries. EU Chief Negotiator reiterated that significant divergences remain in trade talks thus setting up another tedious round of negotiations next week. Political risks persist for the Pound and thus the currency fell short just below the 200DMA, retreating below the 1.26 handle.

GBP/USD BULLISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -10% 1% -3%
Weekly 3% 10% 8%
Learn how to use Sentiment in your trading strategy
Get My Guide

Global Bond Markets Rally as Equities Soften

A wave of risk aversion to close out the week as COVID cases in the US continue to provide concerns for investors. That said, high beta currencies are among the underperformers with the Pound on the back foot. Alongside this, as global bond yields continue to head lower, risks remain for larger a pullback in risk appetite, thus leaving the Pound susceptible to further losses in the short-term, which in turn could see dips in EUR/GBP supported.

GBP/USD Price Chart: Daily Time Frame

British Pound Latest (GBP) - GBP/USD Pullback, EUR/GBP Dips Supported

Source: IG

EUR/GBP Price Chart: Daily Time Frame

British Pound Latest (GBP) - GBP/USD Pullback, EUR/GBP Dips Supported

Source: IG

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

DISCLOSURES

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.