GBP: Brexit and BoE Will Steer Sterling Next Week

Sterling Talking Points: Mixed data releases but Q2 growth looks weak. Brexit talk and BoE data key next week. The DailyFX Q2 GBP Forecast is available to download. Fundamental Forecast for GBP: Bullish We stay bullish on Sterling for the week ahead but caution that ongoing Brexit talks and the Bank of England monetary policy […]

EUR/USD Weekly Technical Outlook: Euro Set Up to Rally Next Week

EUR/USD Technical Highlights: EUR/USD held confluence of support on Friday As long as 12215 holds, expecting strength Major resistance arrives at 2008 trend-line, ~12450 For a longer-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The range in the euro since January has had good levels to operate off […]

What to Expect Trading the First Day, Week and Month of 2018

Talking Points: December is historically the most sanguine time of the year as liquidity drains and motivation for breakouts and trends subsides Historically, January doesn’t offer up a dramatic volatility return according to VIX seasonality; but S&P 500 suggests differently While recent history points to volatile Januaries, we should take both seasonal and structural conditions […]