Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

EUR/USD, GBP/USD and AUD/USD expected to gain further ground

EUR/USD, GBP/USD and AUD/USD expected to continue gaining ground, as the dollar falls back.

EUR/USD starts to fade, yet recent uptrend holds

EUR/USD has been fading in early trade today, with the pair coming off the back of a period of strength that saw a new two-month high created on Friday.

The recent break through $1.1111 brings about expectations that we could see further upside for the near term. Thus, while we are seeing some downside come into play here, it looks like a buying opportunity unless we see a break below the $1.1115 swing low.

GBP/USD falls back to trendline support

GBP/USD saw losses over the course of the weekend, with the failure to hold the meaningful vote denting sentiment over whether it would pass.

While we have seen the pound drift lower, it has dropped into the trendline support once more. That signals a likely bullish turn from here, with a positive outlook in play unless we see a break below $1.284.

AUD/USD continues its rebound, breaking through Fibonacci resistance

AUD/USD rallied into a fresh one-month high on Friday, with the pair rising through the final 76.4% Fibonacci retracement.

That break points towards a high possibility that we have bottomed out, with hopes for a US-China trade deal really boosting sentiment around the Australian dollar. We would need to see a break through $0.6895 to bring about greater clarity that this market is due a wider bullish phase. Nonetheless, further upside does seem likely, with a break below $0.6814 required to negate this current short-term uptrend.

This information has been prepared by IG, a trading name of IG US LLC. This material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. You should not treat any opinion expressed in this material as a specific inducement to make any investment or follow any strategy, but only as an expression of opinion. This material does not consider your investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. No representation or warranty is given as to the accuracy or completeness of the above information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. Any research provided should be considered as promotional and was prepared in accordance with CFTC 1.71 and designed to promote the independence of investment research. See our Summary Conflicts Policy, available on our website.

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