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. CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

EUR/USD, GBP/USD and NZD/USD all gain ground after recent declines

EUR/USD, GBP/USD and NZD/USD are all gaining ground this morning, yet with recent declines raising questions, key upside levels need to be overcome.

EUR/USD continues uptrend as pair surges higher

EUR/USD has been trending upwards over the course of the past two weeks and despite weakness at the beginning of the week, it looks like that trend is back on track.

With the price continuing to move higher, we are looking for a move into the $1.1348 swing high for a continuation signal. This trend is expected to continue as long as we do not break into a new lower low.

GBP/USD regaining ground after break below notable support level

GBP/USD has been regaining ground after a disappointing Monday, with a better-than-expected UK jobs report providing a boost for the pound.

The decline below $1.2668 points towards a possibility that this rally will falter, and thus it makes sense to look for a rise through $1.2763 as a precursor to further upside.

NZD/USD rebounding towards near-term swing high

NZD/USD has been declining sharply since seeing price fall below the $0.6611 swing low.

However, we are seeing a move towards the $0.659 swing high which could be a precursor to further upside to come. As such, the key today is whether we break that $0.659 level or not. Until we see that level broken, there is a good chance we will see the pair turn lower again.

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


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.