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 GBP/USD steady as USD/JPY rises

The volatile moves of the past two sessions have faded for now, with some recovery in risk appetite seen in FX markets.

EUR/USD drifts sideways after heavy losses

EUR/USD is holding its ground after recent losses, but shows no desire to move either higher or lower for the time being.

The $1.17 level continues to hold as support, while on the upside movement has been limited to around $1.174.

GBP/USD tiptoes lower

The GBP/USD price continues to probe the area around $1.365, but with little enthusiasm for further declines it seems.

Overall, the sellers are still in control, with further declines looking likely and buyers needing a rally back above $1.37 to recover a more bullish view.

USD/JPY heads higher

After testing the lower bound of its recent trading range the USD/JPY price has recovered, and now a move back towards ¥110.00 and ¥110.50 looks likely as risk appetite revives.


This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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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