CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

EUR/USD and AUD/USD hard hit, with GBP/USD attempting to hold its ground

EUR/USD and AUD/USD suffered sharp losses yesterday, with a stronger dollar weighing on GBP/USD as well.

EUR/USD knocked back to three-week low

Strong US data yesterday put the dollar on the front foot once again, pushing EUR/USD to its lowest level in three weeks.

Buyers will want to push the price back above $1.215 to recover a short-term bullish view, while sellers are hoping that any bounce will be short-lived in order to open the way to further downside, targeting $1.20 in the first instance.

GBP/USD stumbles to $1.41

With the GBP/USD, the dollar found some strength against sterling too yesterday.

However, the downside seems to have slowed as it reaches $1.41, with any potential bounce needing to clear $1.42 to avoid reinforcing the lower high from yesterday.

AUD/USD drops to seven-week low

AUD/USD was shaken out of its complacency to a degree by yesterday’s resurgent US dollar, dropping below $0.77 for the first time since mid-April.

It has found support for now at $0.765, but with lower highs in place since the middle of May a move above $0.775 is needed to restore a more bullish view.


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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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