Since the London pre-open briefing, price has risen about 9 pips and the earlier resistance at 0.9938–0.9940 failed.
Intelligence Library
Browse every session briefing we have delivered, newest first. Filter by pair and session, or search the text for a level, an event or a currency.
Briefings and reports
Newest first. Session briefings cover the last 90 days; weekly reports are kept in full.The 15-minute chart shows a downward pattern, while the hourly chart shows an upward pattern, and the four-hour and daily charts show no clear pattern.
Since the Asia pre-open briefing, price has fallen about 2 pips.
Since the US pre-open briefing, price has fallen about 16 pips and Intraday resistance is new.
Since the US pre-open briefing, price has fallen about 8 pips.
The 15-minute chart shows a downward pattern, while the four-hour chart shows an upward pattern, and the hourly and daily charts show no clear pattern.
The 15-minute and daily charts show downward patterns, while the hourly and four-hour charts show upward patterns.
The 15-minute chart shows a downward pattern, while the four-hour chart shows an upward pattern, and the hourly and daily charts show no clear pattern.
The 15-minute and daily charts show downward patterns, while the hourly chart shows an upward pattern, and the four-hour chart shows no clear pattern.
With the market reopened under three hours ago, the hourly chart shows a downward pattern, while the four-hour chart shows an upward pattern, and the 15-minute and daily charts show no clear pattern.
Guides & Explainers
Plain-English guides to the drivers, data and thinking behind The FX Desk briefings. Free to read and share.
Start here: understanding our briefings
How to read what we publish, and how to weigh the evidence inside it.
GUIDE · 6 MIN READHow to Read an FX Desk BriefingEvery FX Desk session briefing has five parts, always in the same order. This guide explains what each one means and how to read them together.Read the guide →
GUIDE · 6 MIN READHow to Read the COT Report for Forex TradersA plain-English guide to the Commitments of Traders report for currency traders: which version to use, the four numbers that matter, how to spot crowded trades and what COT cannot tell you.Read the guide →
TRADING INSIGHT · 4 MIN READWhen Fundamentals and Price Disagree: Reading Mixed FX SignalsThe fundamental case looks clear, but price keeps moving the other way. Here is why that happens, what the disagreement tells you and three practical ways to handle it.Read the guide →How the market works
The building blocks behind most moves: trading sessions, interest rates, economic data and central banks.
GUIDE · 6 MIN READThe Three FX Sessions: Asia, London and New YorkThe FX market never stops during the working week, but it does change character as the day moves from Asia to London to New York. A short guide to what each session is like, when trading is often busier, and how to use our three daily updates together.Read the guide →
GUIDE · 4 MIN READHow Interest-Rate Expectations Move CurrenciesCurrencies move when the market changes its mind about where rates are heading, relative to other countries. Here is why that matters more than the rate decision itself.Read the guide →
GUIDE · 9 MIN READA Field Guide to Economic Data ReleasesJobs, inflation, surveys, growth, spending and trade: a plain-English guide to the reports that can move currencies, what each one measures, and what to look at first.Read the guide →
GUIDE · 7 MIN READThe Central Bank Decoder: What Central Banks Say and What It MeansCentral banks communicate in careful, repetitive language, and small changes in it can move currencies. A plain-English guide to decision days, common phrases and what they do and do not tell you.Read the guide →Currency profiles
What tends to drive each major currency, in plain English.
CURRENCY GUIDE · 8 MIN READThe US Dollar (USD): A Plain-English ProfileWhy the US dollar sits at the centre of the FX market, what moves it, how the Federal Reserve works, which reports matter most, and when it tends to move. A short guide to how the dollar behaves.Read the guide →
CURRENCY GUIDE · 9 MIN READThe Euro (EUR): A Plain-English ProfileWhat makes the euro different, what moves it, who sets its interest rates, which reports matter most, and when it tends to move. A short guide to how the euro behaves.Read the guide →
CURRENCY GUIDE · 9 MIN READThe British Pound (GBP): A Plain-English ProfileWhat moves the British pound, who sets UK interest rates, which reports matter most, and when sterling tends to move. A short guide to how the pound behaves.Read the guide →
CURRENCY GUIDE · 9 MIN READThe Japanese Yen (JPY): A Plain-English ProfileWhat moves the Japanese yen, who sets Japan's interest rates, which reports matter most, and when the yen tends to move. A short guide to how the yen behaves.Read the guide →
CURRENCY GUIDE · 7 MIN READThe Australian Dollar (AUD): A Plain-English ProfileWhat moves the Australian dollar, who sets its interest rates, which reports matter most, and when it tends to move. A short guide to how the Aussie behaves.Read the guide →
CURRENCY GUIDE · 8 MIN READThe Canadian Dollar (CAD): A Plain-English ProfileWhat moves the Canadian dollar, who sets its interest rates, which reports matter most, and when it tends to move. A short guide to how the loonie behaves.Read the guide →
CURRENCY GUIDE · 4 MIN READWhat Moves AUD/CAD? The Key Drivers ExplainedAUD/CAD pairs two commodity currencies with very different exposures. Here are the drivers that matter most, from the RBA–BoC rate gap to metals, oil, China and the US.Read the guide →