Euro Price Forecast: EUR/USD, EUR/JPY Eyeing ECB Weekly Bond Purchases

The European Central Bank’s weekly bond-purchases could determine the near-term trajectory of the Euro against the US Dollar and Japanese Yen.

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Why a Rise in Retail Trading May Signal Another Mania

The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.

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Australian Dollar Unfazed by Chinese PMI as RBA Meeting Shifts Into View

The Australian Dollar retreated from session-highs after Caixin PMI figures out of China missed market expectations. Attention now turns to the RBA’s upcoming monetary policy meeting on Tuesday.

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Australian Dollar, APAC Markets Focus on Bond Yields to Start March

APAC markets' March open will look to government bond yields to gauge sentiment. Will the Australian Dollar recover from last week's sharp drop?

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Markets Week Ahead: Nasdaq, US Dollar, Gold, Yields, RBA Decision, OPEC, NFPs

Markets swung wildly last week with volatility underpinned by a huge move higher in bond yields and the US Dollar as investors hammered stocks lower. Traders look to the RBA, OPEC, and NFPs ahead.

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Weekly Technical US Dollar Forecast: Finally Turning Higher?

The DXY Index has held onto key technical support, suggesting that bulls may have a bit more fight left yet.

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S&P 500 Forecast: Will Rising Yields Derail Stock Market's Upward Trajectory?

Rising Treasury yields inspired a broad selling in global equities last week. The longer-term outlook remains positive however on the back of the reflationary theme, strong earnings and vaccine pro...

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Mexican Peso Forecast: USD/MXN Propped Up by Rising Yields and Weaker Equities

USD/MXN rises to its highest level in 3 months as bonds take control of market sentiment.

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Euro Forecast: EUR/USD Outlook Improves as German Bund Yields Rise

ECB policymakers were out in force last week, saying they were watching Eurozone government bond yields, but yields rose anyway, and that’s positive for EUR/USD and the Euro crosses.

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NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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Gold Price Forecast: XAU Tanks Hard as Yields, Inflation Fears Climb

Gold prices were crushed this week as yields continued to climb. But with a big spot of support coming in, can buyers bring a bounce ahead of NFP?

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US Dollar Fundamental Outlook: All Eyes on Treasury Yields as Stocks Wobble

The haven-linked US Dollar may be in a position to benefit in the short-run as economic recovery bets support longer-dated Treasury yields, making them more competitive with stocks.

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Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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Canadian Dollar Forecast: USD/CAD Price Hangs on Reflationary Market Sentiment

The reflation trade is helping to push the oil-linked Canadian Dollar higher as the post-Covid economic outlook clears. The Loonie is reliant on the global economy's recovery.

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AUD/USD Rate Pullback to Adhere to RBA Interest Rate Decision

The Reserve Bank of Australia (RBA) rate decision may spark a bullish reaction in AUD/USD as the central bank is expected to retain the current course for monetary policy.

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Nasdaq 100, Gold, Financial Fund Flows During Yields-Driven Volatility

The continued rise in US Treasury yields drove volatile markets on Thursday, causing tech stocks to suffer their worst day since October.

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GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Reversal, Now What?

GBP/USD corrects from stretched valuations, however, positioning clear is likely to entice dip-buyers

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USD/CAD Rate Rebound Emerges Following Bullish Outside Day Formation

USD/CAD appears to be on track to test the 50-Day SMA (1.2725) after carving a bullish outside day (engulfing) candlestick formation.

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January Income, Spending, PCE In Line With Forecasts, USD Steady

PCE and Personal Income & Spending for January all printed in line with their forecasts with no strong beats or misses to impact markets as USD remains strong.

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Gold Price (XAU/USD) Outlook - Treading on Thin Ice as US Treasury Yields Heat Up

US Treasury yields are driving price action in a wide range of asset classes, including gold, as investors fret that inflation is on the rise.

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South African Rand Outlook: USD/ZAR Slips as U.S. Yields Rally

U.S. treasury yield spike causes bull rally on USD/ZAR. Pullback in motion as key levels begin to normalize.

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DAX 30 Forecast: Bond Yields Drive the Market as Investors Rebalance Their Portfolios

Rapid moves in bond yields are rattling the stock market, DAX 30 shows resilience

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British Pound (GBP) Latest: GBP/USD Correction From Extremes

Bond market tantrum prompts a rare sell off in GBP. Month end also in focus for FX.

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Australian Dollar (AUD), Canadian Dollar (CAD) Hit Key Levels from USD Breakdown

Fresh cyclical lows for USD/CAD and AUD/USD hits 0.80 as USD breaks down.

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Euro Price Forecast: EUR/USD at Risk of Reversal with US PCE Data on Tap

Surging US real yields and bets that the Federal Reserve may have to hike rates sooner than expected could open the door for USD to recover lost ground against the Euro in the short term.

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Dow Jones Falls on Rising Yields, ASX 200, Nikkei 225 Tumble

The Dow Jones fell the most in nearly a month as Treasury yields surged, setting a sour tone for Asia-Pacific markets. The VIX volatility index spiked to 28.9 amid a ‘risk off’ sentiment.

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Indian Rupee, Nifty 50 Outlook: RBI Rate Hike Bets Creeping With CPI Estimates

The Indian Rupee and Nifty 50 have been on a tear this year so far, with local inflation expectations and now RBI rate hike bets slowly on the rise. Are traders getting ahead of themselves?

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NZD/USD, NZD/JPY React as Soaring Treasury Yields Skew Market Risk Profile

A bloodshed day across Wall Street may spill over into APAC equities as sovereign government bond yields track Treasury rates higher. NZD/USD and NZD/JPY may see some relief and move higher after s...

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US Dollar Outlook: FX Volatility Ramps as Bond Selloff Intensifies

The 10-year Treasury yield surging above 1.5% ignited an acceleration in FX market volatility and US Dollar demand on Thursday. Will the intensifying bond selloff help fuel a US Dollar rebound?

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Nasdaq 100 Routed as Yields Rise, Earnings Add to Disappointment

Earnings from DoorDash and AirBnb were overshadowed by the largest single day decline in the Nasdaq 100 Index since October.

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Gold Price Plummets as Treasury Yields Soar. Where to Next for Gold?

Gold fell precipitously as US Treasury yields continued their ascent. With little change to the fundamental landscape, gold might continue to suffer.

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Oil Price Approaches 2020 High Even as RSI Divergence Takes Shape

The ongoing weakness in US crude output may push the price of oil towards the 2020 high ($65.65) even as the RSI appears to be diverging with price.

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US Dollar & VIX Spike, Nasdaq Slammed as Treasury Yields Surge

The US Dollar is whipsawing higher while stocks are getting crushed with market volatility accelerating as the 10-year Treasury yield explodes above 1.5%.

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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Stock Market Forecast for the Week Ahead: Growth to Value Rotation Heats Up

Price and ETF flows data reveals the ongoing rotation between growth stocks and other areas of the stock market such as industrials and value. With the technical breakdown in the Nasdaq, it might p...

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Silver Price Forecast: XAG Settles, Can Bulls Force a SLV Breakout?

Silver kicked off February with a fresh seven-year-high but quickly retreated after touching above the 30 level. Can buyers force a sustainable break?

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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

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Euro Forecast: EUR/USD Rate Rally Eyes January High

EUR/USD may continue to retrace the decline from the January high (1.2350) as the exchange rate breaks out of the descending channel from earlier this year.

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USD Downtrend Resumes, Fed Remains Calm Over Rising US Yields - US Market Open

Once again the bond market is making the loudest noise with the US 10yr breaking to 1.43%

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Australian Dollar (AUD), Canadian Dollar (CAD) Hit Key Levels from USD Breakdown

Fresh cyclical lows for USD/CAD and AUD/USD hits 0.80 as USD breaks down.

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Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

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XAU/USD Outlook: Gold Price Tamed on Fundamentals, Hovering Above Key Support

The price of gold continues to consolidate with a downward bias as treasury yields and inflation expectations increase

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US Treasury Yields Rally Further Putting Additional Pressure on Technology Stocks

The yield on the US 10-year Treasury has just touched a fresh one-year high of 1.445%, adding to nervousness in the US tech space.

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British Pound (GBP) Latest: GBP/AUD, GBP/NZD, GBP/CAD Under Pressure

Sterling is losing ground against the so-called commodity currencies in a sign that its recent strength may be ebbing away, although the longer-term outlook continues to look bright.

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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Dow Jones, Russell 2000 Aiming Higher on Accommodative Fed, Fiscal Stimulus

The Federal Reserve’s accommodative monetary policy settings, and the impending provision of additional fiscal support, will probably pave the way for the Dow Jones and Russell 2000 to continue mov...

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Indian Rupee, Nifty 50 Outlook: RBI Rate Hike Bets Creeping With CPI Estimates

The Indian Rupee and Nifty 50 have been on a tear this year so far, with local inflation expectations and now RBI rate hike bets slowly on the rise. Are traders getting ahead of themselves?

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Crude Oil Price Forecast: Demand and Supply Drivers Firing on All Cylinders

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S&P 500 Rally May Lift Hang Seng, ASX 200 on Dovish Fed, 3rd US Vaccine

Asia-Pacific stocks are poised for a rebound after Wall Street stocks ended higher on Wednesday. Fed Chair Jerome Powell’s dovish comments, Johnson & Johnson’s Covid-19 vaccine lifted investor conf...

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AUD/USD Gains on Reflation Trade While RBNZ News Dispatches AUD/NZD Lower

The Australian Dollar is pushing into fresh highs versus the Greenback, but RBNZ news is bolstering the New Zealand Dollar, with AUD/NZD moving sharply lower.

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US Dollar Outlook: DXY Index Rejects 50-Day Moving Average

The US Dollar advanced early on during Wednesday’s trading session, but bears pushed back and sent the DXY Index recoiling lower after failed attempt to take out its 50-day moving average.

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Stock Market Forecast for the Week Ahead: Growth to Value Rotation Heats Up

Price and ETF flows data reveals the ongoing rotation between growth stocks and other areas of the stock market such as industrials and value. With the technical breakdown in the Nasdaq, it might p...

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New Zealand Dollar Outlook: NZD/USD Soars on RBNZ Housing Remit

The New Zealand Dollar is skyrocketing during late Wednesday trade with NZD/USD price action up nearly 80-pips intraday in response to the RBNZ housing remit just announced.

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NZD/USD Rate Forecast: Post-RBNZ Rally Brings 2018 High on Radar

NZD/USD appears to be on track to test the 2018 high (0.7437) as the RBNZ retains the current course for monetary policy at its first meeting for 2021.

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How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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Rand Dollar Forecast: SA Budget Speech Sparks Optimism for USD/ZAR Bears

South Africa’s budget speech improves from October’s dismal outlook, pushing USD/ZAR to 13 month low

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Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD

The Canadian Dollar is running strong today, setting a fresh two-year-high against the US Dollar as USD/CAD pushes towards 1.2500.

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Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast

The recent rotation from growth to value stocks may be set to continue after the Nasdaq 100 suffered a significant technical breakdown while the Dow trades near record levels.

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Nasdaq Whacked by US Rates Rally, GBP Overnight Spike Faded - US Market Open

Once again the bond market is making the loudest noise with the US 10yr breaking to 1.43%

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AUD/USD Rate Rally Pushes RSI Into Overbought Territory

Recent developments in the Relative Strength Index (RSI) indicate a further appreciation AUD/USD as the oscillator pushes into overbought territory.

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EUR/CHF Breakout Signals Risk-On in Europe; EUR/NOK, EUR/SEK Test Key Support

A look at some of the non-major EUR-crosses.

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FTSE 100 Price Forecast: Mean-Reversion Continues As Bears Struggle to Consolidate Correction

The FTSE 100 is struggling to find further upside despite outperforming European peers in Tuesday’s session

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Copper Outlook: Definitive Inflation Hedge? Cu All-time High in Focus

Copper pulls back after an extraordinary bullish move. Fundamentals remain strong for a bullish extension, while all-time highs come into the spotlight.

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New Zealand Dollar Forecast: Has the RBA/RBNZ Divergence Returned for AUD/NZD?

RBNZ acknowledges firmer footing in domestic economy. AUD/NZD riding the monetary divergence theme.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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Euro Price Outlook - Stuck in Sideways Pattern for Now, Pushing Against Resistance

The single currency remains in a holding pattern against the US dollar with little reason to make a break, one way or the other.

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British Pound (GBP) Latest: GBP/USD Strength to Persist, Correction Possible First

GBP continues to strengthen all round and further gains look likely, although GBP/USD is now looking overbought so a correction is possible before its advance resumes.

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US Dollar Price Outlook: Dovish Powell, Stimulus Vote to Weigh on USD

Dovish commentary from Federal Reserve Chairman Jerome Powell and the impending provision of additional fiscal support will probably keep USD on the backfoot against its counterparts.

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Gold and Silver Price Forecast: Treasury Rates, Negative Yielding Debt Pressure Prices

Gold and silver prices are finding relief following a lull in rising Treasury yields. But, pressure still remains amid a decline in negative yielding debt.

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New Zealand Dollar Forecast: NZD/USD Rises After RBNZ Holds Rates Citing Strong Economy

The New Zealand Dollar moved higher following the RBNZ's decision to hold interest rates at 0.25%, as expected. RBNZ Governor Adrian Orr is slated to speak shortly, which could further dictate NZD ...

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USD/CAD Downtrend Resumes as Powell Calms Stock Market, Nikkei 225 at Risk

The Canadian Dollar extended gains as Fed Chair Jerome Powell quelled market volatility. Japan’s Nikkei 225 may gap lower, with NZD/USD eying the RBNZ during the APAC session.

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Euro, Dollar, & Pound Lead the Charge Against the Swiss Franc

Major G10 currencies broke out against the Swiss Franc, even as Fed Chair Jerome Powell's testimony put the US Dollar under further pressure.

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US Dollar Outlook: NZD/USD Volatility Spikes Ahead of RBNZ

The US Dollar traded mixed on Tuesday as bulls attempt to defend a critical support level on the broader DXY Index. NZD/USD price volatility looks primed to accelerate with the RBNZ rate decision due.

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British Pound Price Forecast: Will Resistance Stop the GBP/USD Rally?

GBP/USD has extended higher this week, adding to weeks of gains as it surges toward longstanding resistance from 2018. Will resistance spark a reversal lower in GBP/USD?

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Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast

The recent rotation from growth to value stocks may be set to continue after the Nasdaq 100 suffered a significant technical breakdown while the Dow trades near record levels.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Fed Chair Powell isn’t the only Fed official in the news. But the message has been resoundingly clear: the Fed isn’t raising rates anytime soon.

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How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks

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How to Trade Forex News: An Introduction

Find out the essentials of trading the news with this introductory guide to forex news trading

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Euro Forecast: EUR/JPY, EUR/USD Remain Poised for Gains; EUR/GBP Eyes March 2020 Low

Each major EUR-cross has its own story to tell.

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US Dollar Tests Key Support: EUR/USD, GBP/USD, AUD/JPY

The US Dollar is dangling on the cliff of a potentially large break down. But can USD bears do the pushing required?

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Nasdaq, S&P 500 Recover as Powell Testimony Echoes Dovish Fed

Stocks are still trading in the red so far today, but the Nasdaq is bouncing back with the S&P 500 thanks to reassuring comments from Fed Chair Powell during his semi-annual congressional testimony.

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February Consumer Confidence Beats Expectations, US Dollar Weaker

The Consumer Confidence Index edged higher for the month of February, hitting its highest level since November. As the economic recovery continues and the reflation trade takes hold, rising yields ...

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USD/CAD Rate Remains Vulnerable Following Break Below January Low

The recent rebound in USD/CAD appears to have been a correction in the broader trend rather than a change in behavior as the exchange rate trades to fresh 2021 lows.

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Where Next for Nasdaq, Bitcoin, Other Assets? – Market Sentiment Webinar

Trader confidence in the assets that have risen sharply in recent weeks has dissipated, but the current downturn could be a healthy correction prior to a resumption of the previous advance.

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S&P 500 Breaks Down Support, Will Fed's Powell Address Bond Sell Off?

Tactical weakness in US equities as markets follow seasonal pattern. Eyes on Chair Powell

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South African Rand Outlook: Unemployment Rises Ahead of Budget Speech

Fundamental drivers from both the U.S. and South Africa will be in focus this week as the USD/ZAR pair is in for increased price volatility.

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Crushed as Cryptocurrency Market is Overrun by Sellers

The cryptocurrency market has been experiencing wild price swings over the last two days with sellers in complete control as prices slump across the board

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FTSE 100, FTSE 250 Outlook Improves After UK Unemployment Data and Roadmap

London-listed shares are stabilizing and could move higher after news that the UK unemployment claimant count fell by 20,000 in January rather than rising as analysts had expected.

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British Pound Forecast: Reopening Plan Capping EUR/GBP, Buoying GBP/USD

The British Pound may continue to outperform the Euro and US Dollar on the back of Prime Minister Boris Johnson’s reopening plan and the marked divergence in vaccination rates between the three reg...

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US Dollar Forecast: Gaining Ground as ASEAN Weaken, Eyes on Fed Chair Powell

The US Dollar gained against most ASEAN currencies this past week, such as the Indonesian Rupiah and Philippine Peso. Will this continue? Eyes are on Fed Chair Jerome Powell.

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Copper, Crude Oil Prices Surge. Eyes on Fed Chair Jerome Powell for Next Moves

Copper and crude oil prices are attempting to extend aggressive gains alongside global growth bets. Will Fed Chair Jerome Powell derail their trajectories in the coming days?

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Dow Jones Steady amid Tech Rout, Will ASX 200, Hang Seng Follow?

A strong selloff in the technology sector dragged the Nasdaq Composite 2.46% lower, while the Dow Jones closed marginally higher as energy and material sectors gained. APAC stocks may embrace a sou...

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AUD/USD, AUD/NZD Aim Higher as Treasury Yields Climb on Reflation Theme

APAC equity prices may face some pressure from rising government bond yields as the reflation trade continues to gain steam. Meanwhile, AUD/USD and AUD/NZD appear set to move higher.

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EUR/USD Outlook: US Dollar Eyes Fed Chair Powell, Stimulus

EUR/USD price action is probing month-to-date highs as US Dollar bears wrestle back control with focus on Fed Chair Powell's congressional testimony and ongoing fiscal stimulus negotiations.

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Bitcoin Price Suffers Pullback, Damaging Technical Landscape

Bitcoin suffered a brief pullback that saw trendlines and psychological levels crumble. Still, consolidation after months of staggering gains may prove healthy in the longer-term.

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NZD/USD Rate Rally Emerges Ahead of RBNZ Interest Rate Decision

The RBNZ interest rate decision may do little to curb the NZD/USD rally as the central bank is expected to keep the official cash rate (OCR) at the record low of 0.25%.

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FX Week Ahead - Top 5 Events: Euroarea & US Inflation; RBNZ Rate Decision; Mexico GDP; US Durable Goods Orders

The last week of February brings a broad but shallow economic calendar, top heavy with ‘high’ rated events and not much else.

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Gold Price Forecast: GLD Jumps from 7-Month Low, Can XAU Bulls Drive?

Gold prices are extending a bullish run from a big zone of support. But, is this a true change in trend or just another bear market bounce for Gold?

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Oil Price Forecast: Crude Technical Outlook Mired by RSI Sell Signal

A textbook sell signal has emerged in the Relative Strength Index (RSI) as the oscillator falls back from overbought territory and slips below 70.

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AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks - US Market Open

US futures get off to a soft start as US rates continue to rally.

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Markets Week Ahead: Dow Jones, US Dollar, Crude Oil, Fed, Treasuries, NZD/USD, RBNZ

Market sentiment was a mixed bag as the Dow Jones gained but the Nasdaq Composite weakened. Crude oil prices turned lower. All eyes are on Fed Chair Jerome Powell amid rising longer-term Treasury r...

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As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

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DAX 30 Struggles to Consolidate Head and Shoulders Pattern, IFO Sentiment Data Improves

The DAX 30 remains confined between 14,000 and 13,800 as equites start to feel the squeeze from rising bond yields

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British Pound (GBP) Latest: UK Government to Unveil Plans for Lifting Lockdown Restrictions

Sterling is trading either side of 1.4000 ahead of government plans to lift covid-19 restrictions. The plan is said to be data driven and cautious.

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Euro Price Forecast: Stimulus Progress, Inflation Data to Buoy EUR/USD

US fiscal stimulus progress, Federal Reserve Chair Powell’s congressional testimony and positive inflation data may open the door for EUR/USD to extend its recent rebound.

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Gold Price Forecast: Rising Yields, USD and Powell's Testimony in Focus

Gold prices bounced off a key support level as the US Dollar retreated. Rising treasury yields may exert downward pressure on precious metals. Powell’s semiannual monetary policy report testimony i...

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US Dollar Forecast: Gaining Ground as ASEAN Weaken, Eyes on Fed Chair Powell

The US Dollar gained against most ASEAN currencies this past week, such as the Indonesian Rupiah and Philippine Peso. Will this continue? Eyes are on Fed Chair Jerome Powell.

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New Zealand Dollar Forecast: NZD/USD, NZD/JPY Levels Ahead of RBNZ

Better-than-expected economic data diminishes the chances of further easing from the RBNZ at its upcoming meeting and paves the way for NZD/JPY and NZD/USD to extend recent gains.

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S&P 500, Hang Seng, ASX 200 Outlook: Will Rising Yields Derail Stock Market's Upward Trajectory?

Asia-Pacific equities are poised for a mixed start as US equity benchmarks were little changed on Friday. Rising Treasury yields may exert pressure on risk assets as inflation expectations build.

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Australian Dollar Outlook: Rising Iron and Copper Prices to Bolster AUD/USD

The Australian Dollar is on the move higher as rising commodity prices help bolster sentiment. Australia's vaccine program also offers a price driver, with thousands slated for inoculations.

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Weekly Fundamental US Dollar Forecast: Mr. Powell Goes to Washington

Fed Chair Jerome Powell will head to Capitol Hill for two days of testimony to deliver the semi-annual Monetary Policy Report.

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Markets Week Ahead: Dow Jones, US Dollar, Crude Oil, Fed, Treasuries, NZD/USD, RBNZ

Market sentiment was a mixed bag as the Dow Jones gained but the Nasdaq Composite weakened. Crude oil prices turned lower. All eyes are on Fed Chair Jerome Powell amid rising longer-term Treasury r...

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Corporations Embrace Crypto, Boosting Bitcoin Price - Stock Market Forecast

Equity markets stumbled slightly last week but there are signs risk appetite lurks beneath the surface as corporations begin embracing cryptocurrency which has provided a boost to Bitcoin.

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Mexican Peso Forecast: Contingent on Energy Shortages and US Yields

USD/MXN breaks its downtrend as energy shortages from the US cause concern for the Mexican economy.

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Australian Dollar Outlook: Uptrend Resuming as Global Recovery Bets Follow?

The Australian Dollar resumed its uptrend as traders betted on a gradual economic recovery from the coronavirus. Will Fed Chair Jerome Powell be asked about rising Treasury yields?

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Euro Forecast: EUR/USD Week Ahead Outlook Poor, EUR/GBP Tumbling

EUR/USD has broken lower and will likely slip further in the coming week while EUR/GBP shows no sign of stabilizing as its slump continues.

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Gold Versus Real Yields: Are Inflation Bets Fully Priced Into XAU/USD?

Rising real yields are pressuring the yellow metal and the inflation-adjusted price of gold is already near historical highs. Where next for XAU/USD?

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Bitcoin Price Forecast: BTC/USD Pushes to New Heights Amid Corporate Adoption

After breaking above $50,000 for the first time ever, Bitcoin has pushed higher still as US corporations wade into the cryptocurrency space. Can new entrants prolong the remarkable rally?

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South Africa Rand Forecast: USD/ZAR, GBP/ZAR, EUR/ZAR Price Levels

Rand resilience remains but next week’s budget speech could be a key driver of short-term price action

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GBP/USD Weekly Forecast: How Much Higher Can GBP/USD Go?

GBP/USD breaking out to near 3 year highs at 1.40, but how much further can this GBP rally go?

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Gold Price Forecast: Death Cross Emerges as November Low Gives Out

A ‘death cross’ formation appears to have taken shape in the price of gold as the 50-Day SMA ($1851) crosses below the 200-Day SMA ($1857).

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Solid February PMIs Mark Highest Services Activity Since 2015, US Dollar Firms

Manufacturing activity fell right in line with expectations and Services activity rose to its highest level since March of 2015, demonstrating the resilience of the US economy.

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A Year on Since the COVID Crash, Are the ECB Tolerating Euro Strength? - US Market Open

Risk sentiment continues to feel the weight of the recent spike higher in global bond yields.

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Crude Oil Volatility May Increase as Iran - US Stand-Off Continues

Iran has said that the US must lift economic sanctions before it agrees to allow international inspection of its nuclear sites.

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How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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AUD/USD Price Forecast: Aussie Dollar Pushing Toward Key Resistance

Fundamental factors have been favorable for higher AUD/USD price action which could extend throughout 2021. This sets the pair up for a potential close at fresh yearly highs.

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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British Pound (GBP) Latest: GBP/USD Bulls Hit 1.40 Target - GBP Unfazed by Data

GBP/USD reaches 1.40 for the first time since April 2018.

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DAX 30 Forecast: Head and Shoulders Unfolding, PMIs Don't Change Much

The DAX 30 looks set to end the week lower as equity markets take a breather

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Dow Jones, Nasdaq 100 Forecast: Fading Momentum Could Trigger Pullback

The notable steepening of the yield curve may trigger a short-term pullback for the Dow Jones and Nasdaq 100, despite the Federal Reserve reiterating its dovish stance.

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Crude Oil and Gold Prices Drop into the Weekend, Setting Course for Deeper Losses?

Crude oil prices fell on bets of Texas restoring production as the US opened the door to returning to the 2015 Iran Nuclear Deal. Gold is also weakening, facing its lowest since June.

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S&P 500 Leads Hang Seng, ASX 200 Lower as Technical Correction Kicks in

Asia-Pacific equities look set to trade lower amid “risk off” sentiment, following a sour session on Wall Street overnight. All three major US indices pulled back from recent highs as profit-taking...

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New Zealand Dollar Forecast: NZD/USD May Climb Despite Rising Treasury Yields

Wall Street moved lower on Thursday as rising Treasury yields pressured equity prices. Still, the risk-sensitive New Zealand Dollar appears poised for gains with a bullish technical picture.

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Gold Price Drops as Treasury Yields Rise, Will XAU/USD Fall Further?

Gold reversed lower this week after encountering technical resistance and rising Treasury yields. With the reflation trade in full swing, will gold fall further?

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GameStop Frenzy Leaves Wall Street, Heads to Capitol Hill

The attention of Wall Street turned to Capitol Hill as various parties involved in the infamous GameStop short-squeeze testified for the House Financial Services Committee.

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Nasdaq 100 & Dow Jones Seek Support Amid Declines - Stock Forecast

The Nasdaq 100 and Dow Jones have suffered modest declines this week which has sent the two indices seeking technical support. Can support provide a springboard for a reversal higher?

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USD/CAD Rate Rebound Unravels Following Test of 50-Day SMA

USD/CAD pares the rebound from the monthly low (1.2610) as the exchange rate struggles to climb back above the 50-Day SMA (1.2744).

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Rising growth and inflation expectations have started to spook growth-related assets, including aspects of the FX world.

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Bitcoin, Ethereum Price Forecast: BTC, ETH Still Showing Strength

Bitcoin and Ethereum have continued to show strength, even as Gold has pushed down to fresh lows.

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AUD/USD Eyes Monthly High as RSI Approaches Trendline Resistance

The RSI may indicate a further appreciation in AUD/USD as the oscillator appears to be on track to take out the bearish trends from earlier this year.

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S&P 500 Challenged by US Rates, GBP Bulls Charge, Eyes on AUD/NZD - US Market Open

Risk sentiment continues to feel the weight of the recent spike higher in global bond yields.

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New Zealand Dollar Forecast: Trading the RBNZ Next Week

RBNZ to acknowledge firmer footing in domestic economy. NZD strength remains a concern for RBNZ

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US Dollar Holding Recent Gains, EUR/USD Remains Under Pressure

The US dollar is holding onto most of its recent gains as US President Joe Biden continues to push for an out-sized stimulus plan to re-boot the American economy.

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Bitcoin Forecast: BTC/USD Holds Above 50,000, Attracts Investors Looking for Higher Returns

Bitcoin sees flows from non-yielding assets but volatility could be a bad thing

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Japanese Yen Outlook: USD/JPY Holding at Support Ahead of Inflation Data

USD/JPY could be overextended with technical signals pointing to short-term price reversal, while fundamentals scheduled later today could provide upcoming volatility.

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British Pound (GBP) Latest: GBP/USD to Head Lower, EUR/GBP Lower Too

US Dollar strength and the consequent drop in currencies like AUD, NZD, GBP, EUR and CAD will likely resume after a brief round of profit-taking.

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Euro at Risk Ahead of ECB Minutes as Traders Assess Treasury Yields

The Euro may be at risk ahead of the ECB meeting minutes. Market mood is cautiously pessimistic heading into European hours as investors assess rising longer-term Treasury rates.

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Silver Prices May Continue Outpacing Gold Despite Rising Inflation Bets

Gold prices continue to move lower despite rising inflation bets. Investors have been friendlier towards silver over the same period, however. Why is there a disconnect?

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Dow Jones, ASX 200, Nikkei 225 Forecast: Chinese Market Reopen in Focus

Asia-Pacific stocks are poised for a mixed open as the US Dollar extended gains amid strong retail sales and higher inflation data. The Fed meeting minutes revealed little urgency for tapering. Chi...

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AUD/USD Looks Past Jobs Report, Focusing on S&P 500 and Sentiment

The Australian Dollar appears unimpressed following a generally upbeat AU jobs report. Earlier Wall Street sentiment appears to be driving action, for now.

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Bitcoin Price Forecast: BTC/USD Pushes to New Heights Amid Corporate Adoption

After breaking above $50,000 for the first time ever, Bitcoin has pushed higher still as US corporations wade into the cryptocurrency space. Can new entrants prolong the remarkable rally?

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S&P 500 Forecast: SPY ETF Clocks Outflows Alongside Gold, Treasury Funds

Exchange traded fund data reveals net outflows for the S&P 500-tracking SPY ETF. Meanwhile, investors have also pulled capital from funds with exposure to safe haven assets like gold.

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The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

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EUR/USD Rate Pullback Emerges Ahead of Account of ECB Meeting

The broader outlook for EUR/USD remains constructive ahead of the account of the ECB meeting as the rate breaks out of the descending channel from earlier this year.

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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South African Rand Dollar Forecast: USD/ZAR Humbles Bears, Treasury Yields Climb

Rising US Treasury Yields weigh on the Rand, pushing price action higher

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DailyFX Forex Trading Course Walkthrough: Part One

While the FX market shares many similarities with other markets, there is considerable nuance that one will want to learn when getting started in Foreign Exchange.

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Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros and cons of different forex strategies, from day trading to position trading.

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Oil Price to Hold Above Pre-Pandemic Levels on Overbought RSI Reading

The persistent overbought reading in the Relative Strength Index (RSI) may continue to coincide with higher oil prices like the behavior seen earlier this year.

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US Dollar Rises, Gold Extends Drop After Surging US Retail Sales

US Dollar extends rise after stellar US Retail sales data. Gold remains pressured and yields tick higher.

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Australian Dollar Forecast: AUD/USD Awaits Australian Jobs Report for Direction

Soaring US yields lends support to USD, however, AUD/USD bias remains support on dips.

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FTSE 100 Stuck Below 6,800 as Investors Monitor Inflation

The FTSE 100 hits resistance at 6,800 as energy rally cools off and inflation expectations rise

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Gold Price Outlook - Slumping Into Important Support Levels as US Bond Yields Jump

The recent pick-up in US bond yields and the US dollar is hitting gold hard with XAU/USD now trading back below $1,800/oz. and looking set to move lower

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British Pound (GBP) Latest: GBP/USD Correction Due, UK Inflation Beats Expectations

GBP/USD looks ripe for a correction lower as USD climbs on rising Treasury yields; the latest UK inflation data came in higher than economists had predicted.

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Canadian Dollar Outlook: Inflation Data to Dictate USD/CAD, CAD/JPY

Canadian inflation figures for January may dictate the near-term trajectory of USD/CAD and CAD/JPY rates, as surging oil prices put a premium on the commodity-sensitive Loonie.

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Gold, Crude Oil Forecast: Rising Yields and Stronger USD Exert Pressure

Gold prices extended lower as the US Dollar gained alongside Treasury yields. Crude oil prices retreated from a 12-month high despite output disruptions in Texas as a cold blast swept the region.

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Natural Gas Prices Boom as Major Storm Pushes US Power Grids to Limit

Natural gas prices surged higher this week after a major storm caused chaos throughout the southern and central United States. Now, another weather system is threatening the southern US, which may ...

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Bitcoin (BTC) Outlook: BTC/USD Challenging $50,000, Where to Next?

Although Bitcoin’s long-term outlook remains overtly bullish, recent price action suggests that a short-term pullback could be in the offing.

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Dow Jones, Hang Seng, ASX 200 Outlook: Rising Yields May Weigh on Prices

Asia-Pacific equities look set to open lower as US index futures declined in early trading hours. Rising US Treasury yields and a stronger US Dollar may exert downward pressure on risk assets and c...

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AUD/USD Nears Support Level after Safe-Haven Flows Boost US Dollar

AUD/USD is approaching a level of support after safe-haven flows boosted US Dollar strength. A risk-off tone dragged Wall Street indexes lower with the Dow Jones being the exception as it rose to a...

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S&P 500 Forecast: SPY ETF Clocks Outflows Alongside Gold, Treasury Funds

Exchange traded fund data reveals net outflows for the S&P 500-tracking SPY ETF. Meanwhile, investors have also pulled capital from funds with exposure to safe haven assets like gold.

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NZD/USD Rate Outlook Mired by Failure to Test January High

NZD/USD appears to have reversed course ahead of the January high (0.7315) as the US Dollar appreciates against its major counterparts.

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British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP

Sterling continues with a spring in its step as the British Pound has driven to fresh highs against USD, JPY and the Euro. Can Cable continue to climb?

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Silver (XAG/USD) Stalls while Platinum Steals the Show

Silver prices remain rangebound while Platinum shortfalls boost demand

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Gold Price Eyes Monthly Low as US Yields Approach Pre-Pandemic Levels

The price of gold approaches the monthly low ($1785) as the 10-Year US Treasury yield climbs toward pre-pandemic levels and hits 1.25%.

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US Dollar Pops on US Rates Spike, JPY & Silver Drop - US Market Open

US Dollar bulls making a comeback, JPY weakens. Gold forms death cross and silver drops to session lows.

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Japanese Yen Latest: USD/JPY Plays Range, US/China Tensions Resurfacing for AUD/JPY

USD/JPY playing the range, US/China tensions may curb AUD/JPY

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Bitcoin (BTC/USD) Price Probing Fresh Highs as Cryptocurrencies Remain Bid

The cryptocurrency market continues to march higher with fresh highs likely on the cards for a number of digital coins.

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FTSE MIB Forecast: Draghi Brings Hope of Stability to Italian Stocks

The new Prime Minister and his government stand prepared to tackle the virus and its economic fallout

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South African Rand Outlook: Multi-Year Support Pending for USD/ZAR

USD/ZAR has reached key historical levels which could provide long-term directional partiality as price action unfolds while COVID-19 vaccinations and U.S. stimulus remains at the forefront of USD/...

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British Pound (GBP) Latest: GBP/USD Jumping, EUR/GBP Sliding

There’s no end in sight yet for the outperformance of UK assets, including both Sterling and the FTSE 100 index, as the UK rolls out coronavirus vaccines and the Government talks of opening up the ...

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FTSE 100 Forecast: Possible Rollback of Restrictions Buoying UK Stocks

The UK’s benchmark FTSE 100 index looks set to extend recent gains as the marked decline in Covid-19 cases, and rapid delivery of inoculations, fuels restriction easing bets.

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Crude Oil Gains as Copper Prices Aim for 2012 High, Downside Potential Grows

Crude oil climbed as copper aimed for 2012 highs and the US Dollar weakened as stocks rallied. As the former gain, so too do distances to key rising trendlines, creating downside potential.

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Dow Jones, Treasury Yields Climb on Vaccination Milestones. ASX 200 May Rise

Dow Jones futures, the FTSE 100 and Euro Stoxx 50 gained on vaccine rollout progress as the 10-year Treasury yield soared at market open. The ASX 200 and Nikkei 225 may extend gains ahead.

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How China-ASEAN Relations Impact SGD, IDR, MYR, PHP

Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Markets Week Ahead: S&P 500, US Dollar, Crude Oil, Gold, FOMC, Liquidity Conditions

Equities continued their upward trajectory, with the S&P 500, FTSE 100 and Nikkei 225 pushing higher. This left the US Dollar vulnerable at the expense of the Australian Dollar. Crude oil prices so...

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Bitcoin (BTC/USD) Bears Breathe Sigh of Relief

Bitcoin (BTC/USD) Retraces from All-Time Highs

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Crude Oil Rally Stretched, Risk of Possible Correction Ahead

Oil prices have gone from strength to strength in recent months. However, prices are now trading at overbought levels.

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DAX 30 Forecast: Bond Yields Creep Up but Equities Continue to Shine

With a holiday in both the US and Asia, equities are taking advantage of reduced volumes to squeeze out positive momentum

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British Pound (GBP) Outlook: Sterling Continues to Profit as UK Government Mulls Unlocking the Economy

Sterling is back above 1.3900 against the US dollar for the first time since April 2018 and is set to press higher as the UK vaccination program continues to hit lofty targets.

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Euro Price Forecast: EUR/USD to Extend Rebound Ahead of Q4 GDP Print

The Euro may continue its rebound against the US Dollar on the back of the impending provision of a substantial fiscal stimulus package from the Biden administration.

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Gold, Platinum Forecast: Will Supply Shortfall Drive Wider Price Divergence?

Platinum prices extended gains to six-year highs, driven by supply shortfalls and a projected recovery in global auto sales. Gold prices edged lower on rising yields and the continuing reflation na...

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Nikkei 225, ASX 200 Weekly Outlook: Pandemic, Reflation Trade in Focus

Asia-Pacific markets kicked off the week with a positive tone after US markets finished at record highs. Encouraging vaccine progress and an easing pandemic strain may continue to support reflation...

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AUD/NZD Rally Faces Technical Threat as Lunar New Year Closes APAC Markets

APAC trading is set for a quiet start to the week as many Asian markets remain closed amid Lunar New Year celebrations. Meanwhile, AUD/NZD faces technical threats that may end its rally.

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Markets Week Ahead: S&P 500, US Dollar, Crude Oil, Gold, FOMC, Liquidity Conditions

Equities continued their upward trajectory, with the S&P 500, FTSE 100 and Nikkei 225 pushing higher. This left the US Dollar vulnerable at the expense of the Australian Dollar. Crude oil prices so...

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Weekly Technical US Dollar Forecast: Technical Damage Not Undone

The DXY Index’s rebound in recent weeks has done little to revert the major technical damage sustained in recent months.

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S&P 500 May Extend Rally on Stimulus Hopes and a Weaker US Dollar

The three major US indices may extend their broader upward trajectory, carried by fiscal stimulus hopes, an improved fundamental outlook, positive earnings guidance and a weaker US Dollar.

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Mexican Peso Forecast: Short-Term Direction to be Determined as Key Levels Loom

USD/MXN to move in line with overall market sentiment as economic data dries up.

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Euro Forecast: EUR/USD Outlook Improves as US Dollar Slides

Last week’s benign US inflation data and bearish comments from the Federal Reserve’s Jerome Powell have undermined the US Dollar and improved the prospects for EUR/USD accordingly.

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US Dollar Fundamental Forecast: Downtrend to Resume Course as Stocks Climb?

The anti-risk US Dollar weakened this past week as the Dow Jones, S&P 500 and Nasdaq Composite climbed. Has the dominant downtrend resumed course?

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Crude Oil Prices Set to Extend Further. Have Prices Ran Too Far, Too Fast?

Crude oil's rally looks set to extend further after the IEA pointed to near-term risks for 2021 in an updated report. However, a short-term pullback may be needed before higher ground is seen.

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Australian Dollar Forecast: Iron Ore Prices Counterbalancing Dovish RBA

The Australia Dollar may continue to gain ground on the back of surging iron ore prices, despite the RBA’s decision to extend its current $100 billion bond purchasing program.

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Gold Price Forecast: Can the US Dollar Save Gold from a Breakdown?

Gold prices subdued, familiar resistance caps. Downside risks remain unless USD cracks key support.

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Euro Stoxx 50 Climbs to Pandemic Record, 10yr Bund Yields Rise to Five Month High

Despite continued economic struggles in the Eurozone, the EU Stoxx 50 has risen to a fresh pandemic high and yields on the 10yr German Bund continue to rise, signaling rising optimism in Europe's f...

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South African Rand Dollar Forecast: USD/ZAR Eyes January Lows

USD/ZAR looks to test January lows following the State of the Nation Address

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British Pound Outlook: Sterling Continues to Move Higher, Vaccination Program Hitting Target

Sterling continues to move higher, with 13 positive weeks in the last 15, on marginally better-than-expected GDP data and a successful vaccination program.

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Gold, S&P 500 Firm Despite Consumer Sentiment Report Miss

Gold price action attempts to turn higher as the US Dollar slips while stocks bounce off session lows following the consumer sentiment report release that just crossed market wires.

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Currency Volatility for the Week Ahead: GBP/USD & AUD/USD in Focus

Currency volatility hovering around recent lows, prompting sideways price action across FX markets.

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Gold Price Outlook: XAU/USD Giving Back All of This Week's Gains

A see-saw week for gold with all of the gains seen in the first half of the week given back in the second half as traders struggle to find a balance.

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DAX 30, CAC 40 Forecast: Indecision Creeps in, Bears Try to Regain Control

Equity markets are struggling to find further upside despite positive data and sentiment

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British Pound (GBP) Latest: GBP/USD Upside Persists , EUR/GBP Bearish - UK GDP Firms

UK GDP provides little support given unsurprising beat. EUR/GBP remains bearish below 0.8860.

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Dow Jones, S&P 500 Forecast: Surge to Record Highs Running out of Steam

The S&P 500 and Dow Jones could be at risk of a short-term pullback despite a relatively positive earnings season, accommodative monetary policy settings and the prospect of additional fiscal stimu...

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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Crude Oil Slips as OPEC, IEA Cut Demand Outlook, Gold Eyes US Stimulus

Crude oil ends 8-day winning streak on demand outlook cuts, gold slips on better-than-expected jobless claims data. US stimulus progress, weak USD to underpin energy and metal prices.

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Australian Dollar Rises as Lunar New Year Begins – Will AUD/USD Gain Further?

The Australian Dollar rose despite dovish commentary from RBA board member Ian Harper, who suggested their QE program has more room to run, if necessary. Elsewhere, Asia-Pacific trading is looking ...

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Bitcoin (BTC/USD) Breaks to New Highs as Twitter, Uber Follow Tesla

Bitcoin (BTC/USD) Threatens Higher-Highs after Twitter, Mastercard and Uber hint at following in Tesla’s footsteps

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USD/MXN Bounces as Bank of Mexico Elects to cut rates by 0.25%

Following the Bank of Mexico's decision to cut rates by 25 bps, USD/MXN bounced towards 20.00 in immediate trade.

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DailyFX Forex Trading Course Walkthrough: Part Ten

It's our final installment but the journey is just beginning. A trader's education continues throughout their career and items like psychology become increasingly important.

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DailyFX Forex Trading Course Walkthrough: Part Nine

In this installment we begin to discuss the topic of strategy with a simple yet utilitarian indicator moving average divergence convergence (MACD) to help with identifying potential market opportun...

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DailyFX Forex Trading Course Walkthrough: Part Eight

Indicators can be helpful but they can also be dangerous if relied upon too heavily because, after all, they're only simple indications based on the past.

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DailyFX Forex Trading Course Walkthrough: Part Seven

We introduced charts in our series but there's a lot that goes into technical analysis. In this installment, we attempt to condense it down to the lowest common denominator.

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DailyFX Forex Trading Course Walkthrough: Part Six

Technical analysis is a popular field of study in FX markets even though it is simply an examination of the past.

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DailyFX Forex Trading Course Walkthrough: Part Five

In our last installment, we looked at the 'who,' and this time we shift our focus to the 'what.' What are the biggest news events for the FX market?

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DailyFX Forex Trading Course Walkthrough: Part Four

Fundamental analysis is key for projections, but since the global financial collapse, there's been a dominant force that traders need to account for, and that's the Central Bank.

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DailyFX Forex Trading Course Walkthrough: Part Three

Analysis is key for traders' decision making processes, but this is a wide field with numerous topics. In this article, we aim to simplify while helping you to get started.

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DailyFX Forex Trading Course Walkthrough: Part Two

What fundamental factor is a primary driver of FX prices? In this second installment in our 10-part series, we shift the focus to an important aspect of market dynamics.

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DailyFX Forex Trading Course Walkthrough: Part One

While the FX market shares many similarities with other markets, there is considerable nuance that one will want to learn when getting started in Foreign Exchange.

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Silver (XAG/USD) Steps Back After Fed Meeting Drives Demand Higher

Silver prices stall at resistance after US Dollar weakness boosts sentiment

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EUR/USD Bullish Price Sequence Leads to Break of Descending Channel

EUR/USD extends the series of higher highs and lows from the monthly low (1.1952), with the exchange rate breaking out of the descending channel from earlier this year.

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Euro Awaits Draghi Vote, Mexican Peso Eyes Close Call Rate Decision - US Market Open

Markets subdued amid lighter volumes stemming from Asia. USD selling persists. AUD outperforms.

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Gold Price Forecast: US Dollar Drop Lifts Gold - Topside Levels in Focus

Gold spends brief period 1800 as US Dollar selling resumes. Gold and real yields decoupled for now

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IBEX 35 Forecast: Technical Pattern Suggests Further Bearish Pressure

The Spanish stock market is struggling to see much upside as the economic outlook remains unsure

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Bitcoin (BTC/USD) Price Outlook - Mastercard Preparing Crypto Payments, Will Twitter Follow Tesla?

A cluster of the world’s largest companies are now looking at Bitcoin, and other stable coins, as a potential means of digital payment

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British Pound (GBP) Latest: GBP/USD Trend Higher Still Intact

GBP/USD continues to gain ground, and could well gain more, as the US Dollar is weakened by a dovish Fed, the prospect of more free money and a benign US inflation outlook.

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Canadian Dollar Forecast: Declining Infections, Oil Prices to Buoy CAD

The notable decline in local coronavirus infections, in tandem with crude oil’s surge to post-crisis highs, may buoy the Canadian Dollar against its haven-associated counterparts.

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Platinum Price Charges to 6-Year High, Crude Oil Eyeing OPEC Outlook Report

Platinum rose to a 6-year high as crude oil prices wobbled during a choppy session for the S&P 500. Platinum may be at risk of fading price momentum, with oil eyeing OPEC’s monthly report.

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Gold, Silver Forecast: Real Rates, Weak USD May Underpin XAU, XAG

Climbing inflation expectations, falling real rates of return, and a weaker US Dollar may bolster precious metal prices and pave the way for gold and silver to move higher.

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Dow Jones, Hang Seng, ASX 200 Outlook: Chinese New Year Bringing Lower Liquidity

Asia-Pacific equities look set to open lower following a mixed session on Wall Street. Chinese stock markets are shut for the week-long Chinese New Year holiday, while HK is trading half-day. Weake...

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US Dollar Outlook: USD/MXN Volatility to Rise as Banxico Looms

US Dollar bears took a breather during Wednesday's trading session while market sentiment softened. USD/MXN looks ripe for volatility in light of the Banxico rate decision due.

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Gold Price Forecast: XAU/USD Runs into Resistance, Will it Reverse Lower?

Gold has endured a volatile February thus far after suffering a rapid decline to start the month followed by an about-face that saw most losses recouped. Now encountering resistance, will gold reve...

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Oil Price Eyes Channel Resistance as Inventories Fall for Third Week

The price of oil approaches the upper bound of the ascending channel established in November as US crude inventories contract for the third consecutive week.

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Fed Chair Powell Maintains Cautious Outlook, Dollar Slightly Stronger

Fed Chair Powell spoke Wednesday about the state of the US labor market, discussing the need to remain accommodative in the coming months as the job market shows signs of a slowing recovery.

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Bullish AUD/USD Price Sequence Emerges on Break of Monthly Open Range

AUD/USD carves a bullish price sequence after breaking out of the opening range for February, with the RSI clearing the downward trend established earlier this year.

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USD/JPY Pops as BoJ Takes a Leaf Out of the ECB’s Currency War Book - US Market Open

USD/JPY pops, Euro gains set to continue, US CPI misses expectations.

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Canadian Dollar Outlook: Key USD/CAD, CAD/JPY Levels to Watch

Canadian Dollar rides the USD bearish trade. CAD/JPY momentum remains positive

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XAU/USD: Inflation Expectations Hint at Gold as Best Store of Value

Gold price attempts further upside as both fundamentals and technical s offer support

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Euro Price Outlooks - EURUSD Gaining on USD Weakness, EURGBP Falling on Sterling Strength

Two of the main Euro-pairs are being shifted around by conflicting forces, while the single-currency is trying to edge higher

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British Pound (GBP) Latest: GBP/USD Rising, Well Positioned to Climb Further

GBP/USD looks to be in demand having broken above 1.38 and a further advance, thanks to a persistently weak US Dollar, is now probable.

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US Dollar Forecast: USD/JPY Rebound at Risk with Inflation Data on Tap

The USD/JPY exchange rate is perched above key technical support with US inflation figures on tap, as fiscal stimulus progress and a dovish Federal Reserve weigh on USD.

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Crude Oil Prices Retreat in Asia as Demand Concerns Overweight Stimulus Hopes

Crude oil prices retreated slightly from a 12-month high during Wednesday’s APAC session as traders questioned the sustainability of the rally. Reflation expectations and stimulus hopes have likely...

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S&P 500, ASX 200, Nikkei 225 Forecast: Stimulus, Inflation Data in Focus

US equity indices hovered near record highs as investors awaited President Joe Biden’s US$ 1.9 trillion Covid-relief package. Asia-Pacific stocks are poised for a mixed open as the US Dollar retrea...

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Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

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US Dollar Outlook: GBP/USD Breakout Eyed as Risk Rally Prevails

US Dollar bulls succumbed to another wave of weakness on Tuesday as the reflation trade forges ahead. Does this tee up GBP/USD price action for a breakout?

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Dow Jones & Crude Oil Forecast: Will a Crude Oil Breakout Boost the Dow?

Energy stocks maybe benefit from a recent break higher in crude oil prices as the commodity pushes to its highest level since January 2020. Would a rise in energy stocks boost the Dow Jones?

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Silver Price Forecast: XAG/USD Bid Back Above 27 - Can SLV Hold?

Silver put in a pronounced breakout to start last week, but quickly broke down. Can bulls re-claim the 30 handle or is a larger reversal brewing ahead?

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Bitcoin Bulls Backed by Tesla, CME launches Ethereum futures

Tesla’s Bitcoin buy-in drives price action to fresh highs while Ether lags behind

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USD/CAD Snaps February Opening Range to Put Upward RSI Trend at Risk

USD/CAD snaps the opening range for February and the RSI may offer a bearish signal if the indicator fails to retain the upward trend from earlier this year.

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Currency Volatility Subdued, USD Drops, EUR & GBP Benefit - US Market Open

Safe-havens outperform as USD reverses. EUR tops 1.21 and GBP eyes 1.38

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Japanese Yen Latest: USD/JPY Reversal, EUR/JPY Coiling for a Breakout

USD/JPY rejects 200DMA, however, reversal may find dip buyers. EUR/JPY coiling for a breakout

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South African Rand Outlook: ZAR Robust Despite Vaccine Interruption

Confusion around vaccine efficacy has not stopped Rand bulls as USD/ZAR continues its push lower toward key support levels

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FTSE 100 Forecast: Mean-Reverting at Current Range as Fundamentals Play Out

The FTSE 100 is unable to benefit from bullish momentum and remains around its 61.8% Fibonacci

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US Dollar Sell-Off Continues as Risk Markets Remain Buoyant

The US dollar sold-off for the second day as investors continue to look at risk markets positively despite some lofty valuations

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British Pound (GBP) Latest: GBP/USD Breaks Higher, More Gains Likely

GBP/USD has strengthened, climbing back above the January 27, 2021 high at 1.3759, hitting its highest level since April 2018 and well placed to advance further.

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Euro Forecast: EUR/USD Buoyed by Stimulus Despite Slow Vaccination Rate

The Euro-area’s cumbersome vaccine rollout, in tandem with a notable rise in inflation expectations, may cut short the Euro’s recovery against the US Dollar.

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Gold, Silver Price Forecast: Edging Higher as the US Dollar Retreats Lower

Gold and silver prices moved higher as the US Dollar eased from recent highs. Precious metal prices are backed by rising inflation expectations as fiscal stimulus appears to be down the road.

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US Dollar Outlook: SGD, THB at Risk as Treasury Yields Rise. USD/PHP Eyeing BSP

The US Dollar may continue stabilizing versus the Singapore Dollar as longer-term Treasury yields rise. USD/PHP is eyeing the Philippine central bank, with USD/INR facing Indian CPI data.

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Dow Jones Hits Record on Stimulus, Will Hang Seng and ASX 200 Follow?

Asia-Pacific equities may embrace another “risk-on” session as major US indices broke fresh highs on hopes that Democrats will push through a large stimulus bill. Crude oil climbed. Bitcoin soared ...

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How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks

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Bitcoin Price Analysis: Tesla Adoption Propels BTC/USD to Record Highs

Tesla’s adoption of Bitcoin as a form of payment has propelled the cryptocurrency to fresh record highs. Rising inflation expectations may also bolster BTC in the near term.

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US Dollar Outlook: AUD/USD Whipsaws on Revived Reflation Trade

FX traders faded US Dollar strength and sent AUD/USD price action whipsawing higher on Monday. Will fresh reflation trade optimism undermine the broader US Dollar rebound?

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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S&P 500 Price Outlook: Can Stocks Continue to Rally?

The S&P 500 notched a new record high to start the week as risk assets rallied across the board. With improved sentiment and big tech earnings behind it, can the market rally continue?

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FX Week Ahead - Top 5 Events: China, Mexico, & US Inflation Data; Fed Speeches; UK GDP

Price pressures are in focus for market participants with several inflation reports on deck.

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NZD/USD Clears February Opening Range Amid Rebound Off of 50-Day SMA

The rebound off of the 50-Day SMA (0.7140) may gather pace as NZD/USD clears the opening range for February.

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USD/ZAR Price Forecast: Rand Remains Resilient Despite Vaccine Drama

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Gold Price Forecast: XAU/USD Pulls Back to Resistance After Break Down

Gold prices broke down with aggression last week; but helped along by a USD breakdown around NFP, price action has already perked back-up. Can Gold bulls hold the line?

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EUR/USD Rate Trades in Descending Channel, RSI Retains Bearish Trend

EUR/USD appears to be trading within a descending channel after snapping the January range, with the RSI still tracking the downward trend carried over from December.

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Crude Oil Prices Soaring, S&P 500, Dow Jones Heading Higher - US Market Open

Crude Oil Prices break above $60 as gains continue. S&P 500 and Dow Jones start the week on the front foot.

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Markets Week Ahead: Dow Jones, Nasdaq, US Dollar, Gold, Treasuries, Central Bankers

Market sentiment recovered, with the Dow Jones, S&P 500 and Nasdaq Composite charging higher. Yet, the anti-risk US Dollar stabilized amid rising longer-term Treasury yields, pressuring gold prices...

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Bitcoin Soars After Elon Musk Says Tesla Invested $1.5billion in BTC

BTC/USD is printing a new all-time high after Elon Musk invests in Bitcoin

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EUR/USD Struggling to Find Traction as US Bond Yields Rise

The Euro remains on the defensive against the US dollar at the start of the week as US Treasury yields continue to creep higher.

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DAX 30 Aiming at All-Time High, Will Momentum Hold?

Equity markets continue to head higher as vaccine hopes keep sentiment supported

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Outlooks - Setting Up for Fresh Highs?

Bitcoin and Ethereum continue to shrug off any attempt by sellers to take control of the market and look set to print new highs

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British Pound (GBP) Latest: Key GBP/USD, GBP/JPY, EUR/JPY Levels to Watch

GBP/USD faces topside hurdle. GBP/JPY eyes 2020 peak. EUR/GBP remains bearish below 0.8860.

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Dow Jones, S&P 500 Outlook: Weak Jobs Data Bolsters Calls for Stimulus

The Dow Jones and S&P 500 may extend their respective climbs to fresh record highs on the back of intensifying calls for stimulus, falling Covid-19 infections and rising vaccination rates.

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US Dollar Outlook: SGD, THB at Risk as Treasury Yields Rise. USD/PHP Eyeing BSP

The US Dollar may continue stabilizing versus the Singapore Dollar as longer-term Treasury yields rise. USD/PHP is eyeing the Philippine central bank, with USD/INR facing Indian CPI data.

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Indian Rupee Gains, Nifty 50 Weakens on RBI Rate Hold. USD/INR Eyeing Support

The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce?

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Markets Week Ahead: Dow Jones, Nasdaq, US Dollar, Gold, Treasuries, Central Bankers

Market sentiment recovered, with the Dow Jones, S&P 500 and Nasdaq Composite charging higher. Yet, the anti-risk US Dollar stabilized amid rising longer-term Treasury yields, pressuring gold prices...

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Will the S&P 500 Extend Its Record Rally Against Rising Yields and USD?

An improved fundamental picture, positive earnings guidance and stimulus hopes appeared to have rejuvenated stock markets’ rally, but rising longer-dated yields and a stronger USD may cloud the out...

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Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

EUR/USD broke below 1.20 last week for the first time since December 1 last year and as traders pile in to US Dollars the pair looks destined to fall further.

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Gold, Silver Price Forecast: USD and Yields Turn Higher as Economic Data Improves

Precious metals are struggling to hold their ground as uncertainty hedges are unwound.

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US Dollar Forecast: Climbing Inflation Expectations May Underpin USD

The US Dollar may continue to gain ground against its major counterparts in the short term, as a noticeable pickup in inflations fuels bets that the Federal Reserve will taper its bond purchasing s...

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Oil Price Rally Buoyed by Signs of Stronger Demand and Subdued Supply

The price of oil trades to fresh yearly highs as the decline in crude inventories boosts the outlook for consumption while US output sits at its lowest level since 2018.

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Australian Dollar Forecast: S&P 500 Gains Fail to Inspire, Why the Struggle?

The growth-linked Australian Dollar lost some ground despite a rising S&P 500 as the US Dollar received a boost from rising Treasury yields. This dynamic remains important to watch ahead.

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Bitcoin, Ethereum Technical Analysis: Bid into a Busy Weekend

Ethereum futures go live next week and this week saw a massive bullish run in anticipation. Will the futures listing serve to continue the trend or reverse the move?

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WTI US Crude Oil Forecast: Oil Bulls Drive Rally to Fresh Yearly High

WTI US Crude Oil rallies to fresh yearly high after a reduction in inventories boosts gains

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GBP/USD Weekly Forecast: EUR/GBP Bearish Breakdown, More GBP Gains Ahead?

GBP rallies as BoE says no to negative rates , EUR/GBP bearish breakdown.

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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

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US Dollar Drops, Gold Pops After Soft NFP Report

A slightly weaker than expected NFP headline at 49k, against expectations of a 50k.

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USDJPY Price Outlook: US Dollar Strength Driving USDJPY to Multi-Week Highs

The ongoing strength of the US dollar has forced USDJPY back through an old area of resistance, with the pair now eyeing further gains

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Australian Dollar Forecast: Key AUD/USD, AUD/NZD Levels to Watch

Dovish RBA curbs Australian Dollar upside AUD/NZD downside risks remain

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South African Rand Outlook: ZAR Remains Upbeat Leading up to NFP

The Rand continues to strengthen as NFP data is released later today

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GBP/USD, EUR/GBP: British Pound Cheers Distancing from Negative Rates

The British Pound picks ups bullish momentum as the Bank of England pushes back on NIRP

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Gold Prices May Fall Further as US Jobs Data Drives Fed Outlook

Gold prices may continue to sink as US employment and wage inflation data encourage more active speculation about the timeline for Fed stimulus withdrawal.

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US Dollar Price Outlook: USD/CAD Aiming Higher with NFP in Focus

The US Dollar may continue to gain ground against its Canadian counterpart as a noticeable pickup in inflation fuels tapering bets ahead of the NFP report for January.

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Indian Rupee Gains, Nifty 50 Weakens on RBI Rate Hold. USD/INR Eyeing Support

The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce?

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S&P 500 Leads Hang Seng, ASX 200 Higher Ahead of NFP, Kuaishou IPO Eyed

The S&P 500 and Dow Jones indices closed at record highs on stimulus progress, while the US Dollar rose ahead of NPFs. Short-video app Kuaishou is debuting in HK today, marking the largest tech IPO...

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Bitcoin Price Forecast: Did Elon Musk Materially Alter Bitcoin's Outlook?

Bitcoin may have rallied briefly after Elon Musk mentioned the cryptocurrency on Twitter, but did the short-lived surge materially alter the longer term forecast? It may have.

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Australian Dollar Eyes RBA Lowe Speech, AUD/JPY at Technical Juncture

Australian Dollar strength is attempting to search out new price levels as the RBA maintains a dovish posture. Meanwhile, AUD/JPY is attempting to clear a Descending Triangle pattern.

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USD/JPY Price Outlook: US Dollar Eyes Monthly Jobs Report Due

USD/JPY price action spiked to a 12-week high on Thursday as US Dollar strength continues broadly headed into the potentially high-impact release of monthly nonfarm payrolls data.

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Stock Market Forecast: Earnings and Volatility Set to Continue in February

The US indices endured considerable volatility in the tail end of January which might carry over into February as seasonality and earnings season look to influence price action.

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Gold Price Susceptible to Bearish RSI Signal on Break of January Range

The Relative Strength Index (RSI) may indicate a further decline in the price of gold if the oscillator crosses below 30 and pushes into oversold territory.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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FTSE 100 Forecast: Have Recent Losses Upended the Bullish Outlook?

The FTSE 100 suffered losses over the last few weeks, sending the index beneath key support and erasing weeks of hard-fought gains. Can the index recover and continue higher?

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US Dollar Price Action Pre-NFP: EUR/USD, GBP/USD, USD/CAD

King Dollar on the return? The US Dollar has started February on a bullish note, but tomorrow brings a key test with the release of Non-farm Payrolls.

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

The commodity currencies have stumbled out of the gates in 2021. Their central banks are steadfast.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Bitcoin Rallies into Resistance while Ethereum Hits All-Time High

Bitcoin and Ethereum continue to climb, testing key levels

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Oil Price Overbought RSI Signal Persists as US Inventories Contract

The overbought signal in the Relative Strength Index (RSI) may continue to coincide with higher oil prices like the behavior seen earlier this year.

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Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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Bank of England says Negative Rates Are Not Coming, GBP/USD Jumps

BoE policy left unchanged, while signalling that they do not intend to take rates negatives in foreseeable future.

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Currency Volatility - US Dollar Gains, EUR/USD Cracks, USD/JPY Breakout

Currency volatility remains subdued, USD grinds higher, Euro breaks 1.20 and USD/JPY eyes 200DMA

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Gold and Silver Slammed Lower as the US Dollar Flexes its Muscles

Gold and silver are both firmly in the red today, and look set to fall further, as the US dollar continues to move higher on rising US Treasury yields.

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GBP/USD Breaking Lower, Lift Likely if Bank of England Rules Out NIRP

GBP/USD has broken downwards from a rising channel on the charts, suggesting further losses. However, a rally is possible if BoE Governor Bailey rules out negative interest rates in the UK.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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British Pound Outlook: EUR/GBP Testing Support with BoE Meeting on Tap

The upcoming Bank of England’s monetary policy meeting will likely determine the British Pound’s medium-term trajectory, with policymakers expected to address the possibility of negative rates.

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Crude Oil Surges as Economic Recovery Aids Outlook, Copper Faces Technical Hurdle

Crude oil prices surged higher after inventory figures and OPEC+ developments underpinned the fundamental backdrop for commodities. Meanwhile, copper faces a bearish Descending Triangle.

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Dow Jones, ASX 200, Nikkei 225 Forecast: Jobless Claims, Stimulus in Focus

Asia-Pacific stocks are poised for a mixed open as a rally in US equities cooled. President Joe Biden’s 1.9 trillion Covid-relief package, labour market conditions and a steepening Treasury yield c...

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Australian Dollar Outlook: AUD/USD Eyes Trade Data - Rebound or Breakdown?

Wall Street held onto recent gains as rising oil prices boosted the energy sector. Meanwhile, the Australian Dollar is eyeing December trade data for its next move.

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USD Price Outlook: US Dollar Strength to Ebb as VIX Index Falls

The US Dollar is flirting with eight-week highs following an infux of strength across USD price action, but can bulls sustain the bid as risk appetite improves and the VIX 'fear-gauge' spikes lower?

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Bitcoin Price Forecast: Did Elon Musk Materially Alter Bitcoin's Outlook?

Bitcoin may have rallied briefly after Elon Musk mentioned the cryptocurrency on Twitter, but did the short-lived surge materially alter the longer term forecast? It may have.

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EUR/USD Outlook: Break of January Range Keeps Bearish RSI Trend Intact

EUR/USD may face a further decline as it out the January low (1.2054), while the Relative Strength Index (RSI) still tracks the downward trend carried over from December.

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Gold Price Forecast: XAU Tests Key Support - Could Gold Break Down?

A relatively calm range has developed in Gold prices. But with the bullish trend on hold for six months now, and sellers pushing more aggressively, might a breakdown be on the way?

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FTSE 100 Forecast: Have Recent Losses Upended the Bullish Outlook?

The FTSE 100 suffered losses over the last few weeks, sending the index beneath key support and erasing weeks of hard-fought gains. Can the index recover and continue higher?

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January ISM Services PMI Rises to Pandemic High, USD Strength Continues

The ISM Services PMI for January hit a new high amidst the pandemic at 58.7 versus a forecast of 56.8, marking a solid month for the service sector despite the headwinds.

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USD/CAD Rate Tracks Weekly Range Ahead of Canada Employment Report

USD/CAD may trade in a defined range ahead of the update to Canada’s Employment report as it reverses ahead of the weekly low (1.2761).

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GBP Volatility Rises Ahead of BoE, Crude Oil Soaring, NZD Outperforms - US Market Open

NZD outperforming, crude oil prices at fresh multi-month highs. BoE risk for GBP seen in options market..

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EUR/USD Remains Weak as US Data, Non-Farm Payrolls Loom Large

Heavyweight US data and the latest US Labor report will guide EUR/USD in the short-term with the pair currently struggling to keep above 1.2000.

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Australian Dollar Outlook Remains Weak vs New Zealand Dollar: RBNZ to Mull QE Taper?

A firm recovery in the NZ economy may prompt the RBNZ to mull QE tapering.

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Natural Gas Outlook: EIA Storage to Shed Light on Chinese Imports of LNG

The historical volatile nature of Natural Gas has continued this week as prices popped after cold weather data but will LNG continue to rise with weekly storage data scheduled tomorrow?

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British Pound (GBP) Latest: No End Yet in Sight for EUR/GBP Losses

Having broken below an important support line on the charts, EUR/GBP is continuing to decline and it would be no surprise if it fell even further.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Euro Outlook: DXY Strength Hampering EUR/USD Ahead of Inflation Print

The divergence in rhetoric between the ECB and Federal Reserve may weigh on EUR/USD, as several Governing Council members hint at additional interest rate cuts.

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Gold, Crude Oil Forecast: Stimulus, Treasury Yield and Pandemic in Focus

Gold prices moved slightly higher as the retail trading frenzy faded. Crude oil prices advanced to a 12-month high amid stimulus hopes and falling crude inventories.

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Bitcoin (BTC) Playing Catch Up as Ethereum (ETH) Surges to Fresh Highs

The BTC/ETH ratio suggests that Ethereum may outperform its more popular counterpart in the near term. However, Bitcoin looks set to follow ETH higher after breaching key resistance.

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Nasdaq 100, Hang Seng, ASX 200 Rise on Big Tech Earnings Boost

A strong finish on Wall Street may encourage another ‘risk-on’ session across Asia-Pacific markets. Upbeat earnings from Alphabet, Amazon and Alibaba set a favourable tone for the tech-led rally.

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AUD/NZD Plunges as Stellar Jobs Data Boosts New Zealand Dollar Sentiment

Wall Street added to Monday's gain, led by the Dow Jones Industrial Average. The New Zealand Dollar is gaining against its major FX pairs, with AUD/NZD breaking sharply lower.

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Dow Jones & S&P 500 Recover, Amazon and Google Earnings Impress

Alphabet and Amazon, companies worth more than $3.3 trillion combined, reported earnings Tuesday afternoon. The impressive results might set the stage for a continued rebound in sentiment.

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AUD/USD Outlook: RSI Extends Downward Trend Following RBA Meeting

The Relative Strength Index (RSI) continues to warn of a larger correction in AUD/USD as the indicator extends the downward trend established earlier this year.

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