EUR/USD, GBP/USD and AUD/USD continue to push higher

EUR/USD, GBP/USD and AUD/USD continue to gain ground, with risk-on sentiment continuing to drive the dollar lower.

EUR/USD continues its push higher

EUR/USD has been on the rise this week, with the pair breaking through the November high to bring about the highest reading in almost three months yesterday.

We would need to see a break back below the prior swing low of $1.1882 to negate the current short-term uptrend. Until then, further gains seem likely.

GBP/USD heads higher once more

GBP/USD has been gaining ground over the course of the week, with the pair posting a deep retracement towards the end of last week.

The fact that we continue to create higher lows does highlight the potential upside we could see from here, with a bullish outlook in play unless we see a break back below the $1.3304 swing low.

AUD/USD continues to gain ground, bringing multi-month highs

AUD/USD has managed to push through the $0.7374 resistance level this morning, with fears over a trade spat between Australia and China doing little to dent appetite for this pair.

The break through the likes of $0.7352 and $0.7325 would point towards a retracement period coming into play here. However, until that happens it looks likely we are going to see further gains come into play here.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.