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. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.

EUR/USD, GBP/USD and AUD/USD surge as dollar continues to weaken

EUR/USD, GBP/USD and AUD/USD push higher once more, as the dollar comes under pressure yet again.

​EUR/USD drives higher yet again

EUR/USD has seen another sharp move higher this morning, with the pair breaking into a fresh 22-month high. These gains are likely to persist as the pair attempts to move back towards the long-term descending trendline (currently around $1.187).

As such, it is a case of following the short-term trend higher, with a bullish outlook in place unless the price breaks below the $1.1581 support level.

GBP/USD breaks resistance to hit four-month high

GBP/USD has also managed to push higher in early trade, with the pair pushing through the $1.2813 June peak. That level could come back into play as support as we drift lower.

However, whether that level holds or not, a bullish outlook is in play here as long as we do not break below the recent swing low of $1.2717.

AUD/USD moves higher after recent pullback

AUD/USD managed to rebound from the trendline support last week, with the pair moving lower ever since. Importantly we have broken through the first swing high of $0.7125, signaling a likely continued push higher from here.

With that in mind, a bullish outlook is in play unless we see a break below the $0.7064 level.

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.

Start trading forex today

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

  • Spreads start at just 0.8 pips on EUR/USD
  • Analyze market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Live prices on the most popular forex markets

liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only

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 forex provider.

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