DailyFX Poll: Which Successor to PM May Would be Most Positive for GBP?

DailyFX has conducted a Twitter poll to find out which possible successor to UK Prime Minister Theresa May would be the most positive for Sterling. The results were surprising.


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What Does a Forex Spread Tell Traders?

Learn how to calculate the forex spread and what causes it to widen or narrow.


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EURUSD Bounces at Long-Term Support as USD Softens at Highs

The US Dollar is pulling back from another fresh 2019 high, and as seen earlier this week, the big question is how motivated bulls might remain to be.


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USD Drops, Germany Avoids Recession, GBP Looks to Brexit Vote - US Market Open

USD dropped against its major counterparts following the weakest retail sales data in 9-yrs. Germany narrowly avoids recession, while AUD & NZD rise on trade war optimism.


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Key Charts to Watch: Default Buying in USD

Following its largest winning streak in over 2yrs the USD continues to remain king. Having hit a fresh YTD peak, eyes now turn towards the 2018 high.


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Eurozone GDP Growth Slows, Euro Still Under Downward Pressure

Eurozone GDP data for the final quarter of last year confirmed the weakness of the bloc’s economy in late 2018 and that a recovery in EURUSD could still be some way away.


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Brexit News: Sterling (GBP) Eyes Latest House of Commons Clash

UK PM May will go to the House of Commons this evening asking for their support in ongoing talks with the EU, but media reports reckon that the PM will have a rocky ride later.


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EURUSD Price Falls Further as German Narrowly Avoids Reccession

German economic growth flatlined in the fourth quarter of 2018 and narrowly missed plunging the country into a recession, heaping additional downside pressure on the single-currency.


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DAX 30 & CAC 40 Charts: Trading into Resistance of Varying Degrees

The DAX is retesting a long-term trend-line, while the CAC trades into swing levels carved out during the end of last year.


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Euro Eyes GDP Revision, US Dollar May Rise on Retail Sales Data

The Euro is looking to revised Eurozone GDP data having shrugged off disappointing performance in Germany. The US Dollar may rise if retail sales data tops forecasts.


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AUDNZD Looking to Extend Breakdown Below Support

AUDNZD was hit hard yesterday on Kiwi strength, now teetering around support; looking for lower prices in-line with the macro-breakdown in December.


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Asia Stocks Mixed, Dismal European Data May Sour Sentiment

Asia Pacific stocks traded mixed despite an upbeat China trade report and news the US may push back tariffs on the nation. Ahead, dismal European economic data may sour sentiment.


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Gold Prices Menace Chart Support as Focus Turns to US Retail Sales

Gold prices continue to pressure chart support guiding the uptrend from November as investors eye US retail sales data. Crude oil prices’ resilience may be challenged.


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NZDUSD - Select a Pair With Both a Strong and Weak Currency

Post-RBNZ, the New Zealand Dollar rallied across the board, and NZDUSD was no exception. Yet, was this the best outlook to take advantage of the volatility? Is it best suited for follow through moving forward?


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Australian Dollar Ticks Up On China Trade Data, Talks In Focus

The Australian Dollar got a small lift from official Chinese trade data which fell into the ‘could have been worse’ category. Exports expanded strongly in January, but imports remained weak.


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Dollar Jumps Despite CPI, Dow Climb Stalls as Risk Trends Struggle

How much conviction is there behind the market’s more impressive moves? US equities nudged slightly higher this past session but risk assets struggled. Dollar was recharged after Tuesday’s slump but fundamental depth is notably shallow.


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EUR/USD to Fall on Eurozone, German GDP? Downside Risks Growing

The Euro may experience some pain tomorrow as Eurozone and German GDP is scheduled to be released. The risk of a EUR/USD selloff is potentially rising as traders become more skittish.


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Nikkei 225 Technical Analysis: Uptrend Holds, Key Resistance Beckons

The Nikkei 225 has seen many of its December losses doggedly reclaimed by this year’s gradual uptrend. Bulls now face a sterner test, however, as the last key high point nears.


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USD/JPY Shrugs Off Japanese GDP, Eyes US-China Talks and Brexit

USD/JPY ignored the release of Japanese fourth quarter preliminary growth figures. Equities’ reaction to resumed US-China trade talks and Brexit will have more to offer.


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US Dollar Rally Resumes as S&P 500 Looks More at Risk to Reversal

US Dollar resumed rally as CPI report reduced dovish Fed policy bets, sapping upside potential from the S&P 500 which looks more vulnerable. Asia Pacific stocks may trade lower.


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