Gold Prices Rebound on Weaker USD, Crude Oil Holds Breath for OPEC+ Meeting

Gold prices returned to above $1,700 from a key support level as the DXY US Dollar index retreated form a four-month high. Oil traders are anticipating OPEC+ to extend production cuts at a meeting ...

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Natural Gas Outlook: Colder Weather, Technical Support to Guide Prices Higher?

Natural gas moved lower in March following an upbeat February performance. Now, between two key moving averages, a colder weather outlook in the US may help guide prices higher.

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Nasdaq Rallies on Biden's Infrastructure Proposal, Hang Seng and ASX 200 May Climb

The Nasdaq 100 rallied while Dow Jones retreated after President Joe Biden announced his infrastructure spending and corporate tax hike proposal. Asia-Pacific markets look set to trade mildly higher.

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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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AUD/USD Pressured as Treasury Selloff Forecasts Stronger USD, Trade Data Eyed

AUD/USD is clinging to a vital support level after a rise in US Treasury yields bolstered the case for a stronger USD. Traders are eyeing Australian trade balance, due out today.

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US Dollar Softens as Biden Proposes $2-Trillion Spending Package

The US Dollar is turning slightly lower as traders digest headlines from President Joe Biden on his $2-trillion infrastructure spending package crossing market wires now.

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Fibonacci Confluence on FX Pairs

Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight

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S&P 500 Forecast: Index Creeps Toward 4000 Mark, Can it Break Higher?

The S&P 500 trades within striking distance of the psychologically-significant 4,000 mark but can it break the key barrier as weakness in market leaders like Apple and Amazon continues to weigh?

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Euro Forecast: EUR/USD Outlook Clouded by RSI Divergence

The Relative Strength Index (RSI) appears to be diverging with price as the weakness in EUR/USD fails to push the indicator into oversold territory.

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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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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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Bitcoin (BTC/USD) Poised for Fresh Highs or Major Reversal?

Bitcoin prices continue to edge higher despite regulatory controversy

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USD/JPY Rally Eyes March High as RSI Sits in Overbought Territory

USD/JPY appears to be on track to test the March 2020 high (111.72) as the Relative Strength Index (RSI) holds above 70 and sits in overbought territory.

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Euro Outlook: EUR/GBP, EUR/JPY & EUR/CHF Tech Set-Ups

This Euro focused article takes a look at technical set-ups for a number of popular Euro pairs

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Gold Prices Remain Weak, Silver Prices Break Key Technical Level

Gold on course for worst quarter since 2016, while silver breaks key technical level.

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USD/ZAR Outlook: Rand Resilient Despite Revealing Quarterly Bulletin

South African Rand remains robust as global factors continue to command influence over the minor pair. Key economic updates are high on the agenda this week which should provide expectant currency ...

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FTSE 100 Stuck Below 6,800 as Rising Yields Put Pressure on Stocks

The FTSE 100 is seeing a slower start after sluggish performance in the US on the back of rising yields as economic outlook improves

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Bitcoin (BTC/USD) & Ethereum (ETH/USD) Momentum Suggests New All-Time Highs Are Near

The cryptocurrency market continues to push higher with market heavyweight Bitcoin within touching distance of a new record high

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British Pound (GBP) Latest: GBP/USD Fails to Benefit From UK GDP Data

GBP/USD might have been expected to rise after upward revisions to UK GDP figures. The fact that it didn’t suggests possible near-term losses.

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Canadian Dollar Forecast: Hawkish BoC, Vaccine Divergence to Underpin CAD

The Canadian Dollar may extend gains against the Euro and Japanese Yen on the back of resilient oil prices, a hawkish shift in approach to monetary policy by the BoC and divergent vaccination rates.

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Crude Oil Prices Outlook: OPEC+ Output Cut Extension in Focus

The OPEC+ coalition will meet on April 1st to determine May production policy. Crude oil prices are weighed by a stronger US Dollar and a larger-than-expected build in inventories.

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Bitcoin in Focus as CFTC Issues $572 Million Fine for Crypto Ponzi Scheme

Bitcoin is in focus after Benjamin Reynolds, the ringleader of a recent Bitcoin Ponzi scheme, was hit with a $572 Million fine.

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Chinese Yuan Forecast: USD/CNH May Fall After Strong PMI Figures

USD/CNH may fall after Chinese PMI figures show economic activity remains strong in China, but safe-have USD bids may outweigh the upbeat data.

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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Australian Dollar Forecast: AUD/USD Eyes Biden Speech, Economic Data

AUD/USD is trading against the neckline of a Head and Shoulders pattern and is likely set to see movement on today's PMI release from China.

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S&P 500 Forecast: Index Creeps Toward 4000 Mark, Can it Break Higher?

The S&P 500 trades within striking distance of the psychologically-significant 4,000 mark but can it break the key barrier as weakness in market leaders like Apple and Amazon continues to weigh?

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US Dollar Outlook: DXY Index Forges Ahead to Fresh 4-Month High

The US Dollar is extending its advance as broad-based strength across USD price action propels the DXY Index to new four-month highs. Will the US Dollar continue to gain ground in the days ahead?

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USD/CAD to Track Monthly Range Amid Failure to Hold Above 50-Day SMA

Lack of momentum to push back above the 50-Day SMA (1.2644) may keep USD/CAD within the March range like the price action from earlier this month.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The drumbeat continues: rising US Treasury yields are a sign of the market’s confidence in the recovery, not a sign that inflation will run higher and hotter than anticipated.

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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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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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Nasdaq Price Outlook: Stocks Unfazed by Robust Consumer Confidence

The Nasdaq was off by about -1% and hovering near session lows with Treasury yields back on the rise, but can a big beat on consumer confidence data help stem the bleed?

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AUD/USD Technical Outlook Mired by Head-and-Shoulders Formation

Failure to defend the February low (0.7564) casts a bearish outlook for AUD/USD as a head-and-shoulders formation takes shape.

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Japanese Yen Outlook: Fresh Highs for USD/JPY as U.S. Dollar Advances

USD/JPY continues to push higher as U.S. Treasury yields prompt a stronger dollar, while technical set-ups could point to upcoming bearish reversals.

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Market Sentiment Positive, USD Strengthens But Stocks Climb Too | Webinar

Trader confidence is holding up well in the markets, with stocks still pushing ahead, but US Treasury yields and the US Dollar also continue to climb, and gold is suffering.

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Canadian Dollar Outlook: USD/CAD Key Levels to Watch for OPEC

Oil prices to underpin Canadian Dollar as OPEC look to rollover production quotas.

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Euro Forecast: EUR/CHF, EUR/NOK. EUR/SEK Rates Outlook

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

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DAX 30 Sets Record High as Positive Momentum Consolidates

The DAX 30 continues to push higher as positive momentum spills over from the US

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Gold Price (XAU/USD) Slumps as US Treasury Yields Hit a Fresh 14-Month High

Gold is coming under heavy selling pressure and support levels look weak as US Treasury yields continue to press higher.

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British Pound (GBP) Latest: EUR/GBP Weakness Likely to Persist

The UK is easing coronavirus lockdown rules while concerns continue about rising Covid-19 cases in Europe, potentially weakening EUR/GBP still further.

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Euro Price Outlook: Delayed Ratification of Recovery Fund to Weigh on EUR

The delayed ratification of the EU recovery fund, and increased pace of bond-buying by the European Central Bank, may lead to further losses for the Euro against its major counterparts in the near ...

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Gold Price Eyes $1,700 as Yields Climb, ETF Outflows Continue

Gold prices declined 1.3% so far this week, weighed by a rising US Dollar, ascending Treasury yields and continuous ETF outflows. Traders are eyeing a near-term support level at US$ 1,700.

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US Dollar May Still Have Edge as Emerging Markets Underperform Ahead of NFPs

The US Dollar gained against most ASEAN currencies amid volatility in Chinese and Emerging Market equities. Ahead, USD/SGD and USD/THB are eyeing NFPs as the Fed ends SLR exemptions.

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Dow to Outperform vs. Nasdaq if Inflation Fears Force Fed Rethink

The Dow Jones Industrial Average of blue-chip stocks is likely to outperform the tech-heavy Nasdaq 100 if worries about inflation force the Fed to trim stimulus sooner than expected.

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Bitcoin (BTC), Ethereum (ETH) Forecast: Visa Adoption to Buoy Cryptos

Visa’s announcement that it will utilize a stable coin backed by USD to settle transactions on the Ethereum network may open the door to further gains for the broader cryptocurrency market.

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Dow Jones Extends Higher on Infrastructure Hopes. Nikkei 225, ASX 200 May Rise

The Dow Jones hit a fresh record on hopes for a massive US infrastructure stimulus plan. Asia Pacific equities look set to trade higher. The US Dollar climbed while Treasuries fell.

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Crude Oil Price Outlook: WTI May Rise as Saudi Arabia Shows Support to Extend OPEC+ Cuts

Crude Oil prices picked up early Wednesday after reports revealed that Saudi Arabia is willing to extend its voluntary cuts in a bid to encourage other members to extend overall production curbs.

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FinTwit, Women and Trading: An Interview with @DeadCaitBounce

Finance and trading are two areas where men considerably outnumber women. Progress is being made and DailyFX is highlighting that progress with a new series on women leaders changing finance.

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NZD/USD Rate Rebound Emerges Within Head-and-Shoulders Formation

The head-and-shoulders formation keeps the downside targets on the radar for NZD/USD as the RSI continues to track the downward trend carried over from the previous month.

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FX Week Ahead - Top 5 Events: Biden Stimulus Speech; China Manufacturing PMI; UK GDP; US Manufacturing PMI; US NFP

The economic calendar has a distinct US-focus as the calendar turns from March to April, and from 1Q’21 to 2Q’21.

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EUR/USD Remains Vulnerable as ECB Continues to Widen Pace of PEPP

The update to the Euro Area’s CPI may do little to influence EUR/USD as the ECB continues to ramp up the pace of the pandemic emergency purchase programme (PEPP).

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US Dollar Bulls vs CHF in Control as Golden Cross Nears

USD/CHF bulls remain in control, while golden cross signals upside could persist.

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Rand Dollar (USD/ZAR) Tests Key Levels as Risk Sentiment Waivers

USD/ZAR breaks above 15.00 but bears refuse to surrender

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Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Crude Oil, Fed Ends SLR Exemption, NFPs

Wall Street pulled off a recovery into the weekend as equities in parts of the Asia Pacific region wobbled. The US Dollar appears to be regaining upside momentum, leaving gold and crude oil at risk...

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Archegos Capital Management Latest - Lenders Warn of Significant Losses

US hedge fund Archegos Capital Management is said to have been forced to liquidate several large blocks of stock last week to meet mounting margin calls

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USD Shorts Squeezed, Heavy Selling in JPY & NZD, GBP Longs Slashed - COT Report

Japanese Yen Net Short at Pre-Pandemic Levels. USD Shorts Squeezed, While NZD Sees Heavy Selling

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British Pound (GBP) Latest: GBP/USD Pushing Ahead on Vaccine Cheer

The British Pound is treading water against the US dollar as the bank-holiday shortened week opens with the market still underpinned by the ongoing success of the UK vaccination program

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Dow Jones, Nasdaq 100 Hampered by Tax-Hike Talks, Archegos Block Sales

The forced liquidation of billions of dollars’ worth of US shares, and talk of tax hikes from the Biden administration may gnaw at market sentiment and weigh on US benchmark indices in the week ahead.

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Crude Oil, Gold Prices Down as Block Trade Drama Boosts US Dollar

Crude oil and gold prices are under pressure as big-splash liquidation at US fund Archegos Capital Managementspooks the markets and boosts the US Dollar.

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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US Dollar May Still Have Edge as Emerging Markets Underperform Ahead of NFPs

The US Dollar gained against most ASEAN currencies amid volatility in Chinese and Emerging Market equities. Ahead, USD/SGD and USD/THB are eyeing NFPs as the Fed ends SLR exemptions.

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Silver Price Forecast: Biden Infrastructure Plan May Direct XAG/USD Higher

Silver investors will be watching this week's infrastructure plan announcement from US President Biden. The massive spending bill may rapidly push up inflation expectations and perhaps silver with it.

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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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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 May Face Volatility Into Quarter End, But Momentum Favors Upside

The S&P 500 appears primed to continue higher, even as unusual activity on Friday worried traders. Moreover, quarter-end rebalancing may heighten volatility.

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Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Crude Oil, Fed Ends SLR Exemption, NFPs

Wall Street pulled off a recovery into the weekend as equities in parts of the Asia Pacific region wobbled. The US Dollar appears to be regaining upside momentum, leaving gold and crude oil at risk...

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Will Dow Jones Continue to Outperform Nasdaq 100 on Reflation Optimism?

Reflation optimism and vaccine rollouts led to a rotation from tech into cyclical sectors, boosting the Dow Jones Industrial Average while pulling down the tech-heavy Nasdaq 100. Will this trend be...

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USD/MXN Outlook: Should Banxico Keep Rates Steady or React to Inflation?

Money markets are pricing in two possible rate hikes in 2021 as Mexico sees soaring inflation.

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Euro Forecast: EUR/USD Outlook Bleak on Lockdowns, Third Wave Fears

EUR/USD is sure to bounce back at some time but for now it’s hard to see anything but further losses as the EU struggles with a third wave of Covid-19 infections and more lockdowns.

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Gold Weekly Price Forecast: XAU Caught Between Treasury Yields and USD

Gold price action was directionless last week as the precious metal was caught between tempered US Treasury yields and a surging US Dollar. Should the two forces continue, XAU/USD might stagnate.

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US Dollar Rally to Benefit from Upbeat Non-Farm Payrolls (NFP) Report

The update to the US Non-Farm Payrolls (NFP) report may keep the US Dollar afloat as employment is expected to increase for the third consecutive month.

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Australian Dollar May Wobble if Chinese and Tech Stocks Keep Sinking

The Australian Dollar wobbled as Chinese stock markets flirted with a correction. Further losses there remain a risk to the Aussie as Treasuries eye the next non-farm payrolls report.

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GBP/USD Weekly Forecast: GBP to Follow the Strong Seasonal Playbook?

GBP nears range break vs Euro, while month/quarter-end flows sees upside risk for GBPJPY

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Oil Price Outlook Hinges on OPEC JMMC Meeting amid Rise in US Supply

The OPEC JMMC meeting on March 31 may sway the near-term outlook for the price of oil if the group takes additional steps to regulate the energy market.

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US Dollar Outlook: PCE Muted, Has King USD Returned?

Muted reaction to PCE Data as month/quarter-end is likely to dictate G10 FX.

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FTSE 100 Outlook: US Economic Recovery Optimism Spilling Into European Equities

Improved optimism about the economic outlook in the US is keeping European equities supported despite third-wave fears.

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Australian Dollar Forecast: Key AUD/USD Set-Up Levels to Watch

Modest bounce from 2021 low for AUD/USD, while month/quarter end flows look set to drive G10 FX.

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British Pound (GBP) Latest: GBP/USD Pushes Higher, EUR/GBP Eyes Multi-Month Lows

The British Pound is grabbing an early bid against most major currencies and is pushing EUR/GBP back towards multi-month lows.

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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Canadian Dollar Forecast: US Inflation Data to Trigger USD/CAD Downtrend?

The Canadian Dollar may resume its period of dominance against the US Dollar in the near term on the back of the BoC’s hawkish shift and a rebound in crude oil prices. Softer-than-expected US PCE d...

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Crude Oil Prices Look Past Suez Canal Blockage, Gold May Rise on US PCE Data

Crude oil prices weakened despite the ongoing blockage at Suez Canal amid European lockdown woes. Gold could catch a breather if the US Dollar weakens on incoming core PCE data.

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Copper Prices Sink to Two-Week Low on US Dollar Strength

Copper prices weakened as risk averse investors sought safety in the form of US Dollars as fears grew over COVID outbreaks in Europe, while tensions between the West and China continue to escalate.

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Dow Jones May Lead Hang Seng, ASX 200 Higher as the Fed Lifts Bank Dividend Restrictions

Wall Street stocks rebounded broadly as the Fed allowed banks, which can clear stress tests, to raise dividends after this June. The US Dollar rose on strong economic data. Asia-Pacific equities ar...

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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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Mexican Peso Gains on Banxico Rate Hold, Sending USD/MXN Towards Key Support

USD/MXN pushed lower as the Peso strengthened following a slightly less dovish Banxico rate decision. Meanwhile, traders continued to monitor the situation at the Suez canal.

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Gold Price Outlook: XAU/USD at the Mercy of US Dollar Strength

Gold has faced headwinds for quite some time as precious metal bulls struggle to reprieve XAU/USD price action from sustained selling pressure. When might gold outlook improve?

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Introduction to Pitchfork Analysis & Median Line Trading

Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.

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S&P 500, Gold, Oil Fund Flows as Virus Cases Rise

S&P 500, Gold, and Oil ETFs have had mixed reactions to recent developments in the global macro outlook.

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Bitcoin Blindsided by Ban Warning from Dalio, BTC Near Key Support

BTC posed an aggressive pullback after Ray Dalio mentioned the elephant in the room. But Bitcoin bulls are nearing a big test at the 50k marker.

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USD/CAD Rate Rebound Fizzles Ahead of 50-Day SMA on Less Dovish BoC

The recent rebound in USD/CAD appears to be stalling ahead of the 50-Day SMA (1.2652) as the Bank of Canada (BoC) signals a looming shift in monetary policy.

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The Suez Canal and the Importance for Crude Oil Prices

The Suez Canal is among the top chokepoints for global oil trade, where disruptions can have a large impact on crude oil prices.

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GOLD Outlook: XAU/USD Sideways Consolidation Gearing Up for Breakout

Third wave concerns and rising yields underpin the sideways consolidation in gold, but direction has got to come at some point

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Euro (EUR/USD) Price Outlook - Sellers Remain in Control as Support Breaks

The single currency is slipping lower against the US dollar and looks set to trade with a 1.17 handle in the very near future.

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British Pound (GBP) Latest: EUR/GBP Outlook More Positive, Further Gains Possible

The EUR/GBP cross rate has been edging higher for almost a week now and, while the advance has been modest, it could persist as an EU/UK vaccine war is averted.

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Dow Jones, Russell 2000 Probing Key Support as Reopening Trade Unwinds

The unwinding of the reopening trade in the face of a wave of fresh lockdowns and rising cases in Europe has weighed on the Russell 2000 and Dow Jones. However, this may prove short-lived given the...

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Gold Price Trend Points Lower, Crude Oil Rebound May Fizzle

Gold prices are biased lower as a shallow bounce leaves the 2021 downtrend intact. Crude oil managed a spirited bounce but gains seem corrective before selling resumes.

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Nasdaq Fell While Oil Gained, Nikkei 225 and ASX 200 Held Steady amid Tech Rout

A renewed wave of a selloff in tech pulled Wall Street equity benchmarks lower, while energy and material sectors gained on rising crude oil prices. Asia-Pacific markets look set to face another ch...

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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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NZD/USD Selloff May Continue as Vaccine Rollout Issues, Geopolitical Risks Rise

NZD/USD may continue to push lower as vaccine rollout issues continue to stress market sentiment. US equities fell after strong Treasury auction demand pushed yields lower.

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Bitcoin Price Outlook: BTC/USD Probes Critical Trend Support

Bitcoin price action has been under pressure over recent trading sessions as BTC/USD gravitates lower due to a stronger US Dollar, but can key trendline support keep the cryptocurrency afloat?

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Nasdaq 100 ETF Sees Largest Inflow Ever as Index Wrestles With Losses

The Nasdaq 100-tracking QQQ ETF recorded its largest inflow ever Monday, even as tech stocks floundered around recent levels. Will surging demand mark a change in trend for equity markets?

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FinTwit, Women and Trading: An Interview with @DeadCaitBounce

Finance and trading are two areas where men considerably outnumber women. Progress is being made and DailyFX is highlighting that progress with a new series on women leaders changing finance.

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US Dollar to Four-Month-Highs: EUR/USD, USD/CAD

The US Dollar has set a fresh four-month-high, even with rates softening as the Fed has sought to soothe some nerves over the past few days.

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US Dollar to Four-Month-Highs: EUR/USD, USD/CAD

The US Dollar has set a fresh four-month-high, even with rates softening as the Fed has sought to soothe some nerves over the past few days.

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EUR/CAD, EUR/NOK, EUR/SEK Price Outlook as Euro-Area Lockdowns Return

EUR/CAD, EUR/NOK, and EUR/SEK continue to trend lower as lockdowns and virus cases return.

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Gold Price Tracks Trendline Resistance to Keep Bearish Trend Intact

The price of gold may continue track the downward trend from earlier this year amid the string of failed attempt to test the March high ($1760).

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US Dollar Stays Strong Following In-Line Markit PMI Report

The US Dollar is eyeing intraday highs as EUR/USD edges lower following the release of preliminary March 2021 PMI data just crossing the wires from IHS Markit.

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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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AUD, NZD Weighed Down by Risk-Off Sentiment: AUD/USD, NZD/USD Key Levels To Watch

The sudden rise in new Covid-19 cases in Europe sees concerns about a third wave and further restrictions

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British Pound (GBP) Latest: GBP/USD Heading Lower, UK Inflation Below Expectations

UK inflation was less than predicted last month, weakening GBP/USD. The Bank of England will likely look through the numbers but Sterling could still fall further.

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Bitcoin (BTC/USD) Latest: Buy Your Tesla With Bitcoin Tweets Elon Musk

Tesla CEO Elon Musk has just tweeted that buyers can now use Bitcoin to buy their new Tesla and it looks like he will keep hold of these BTC as well.

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EUR/USD Bounce on Firmer PMI Unlikely to be Maintained

Flash PMI’s in the Eurozone have printed better than expectations, providing the Euro a marginal reprieve.

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US Dollar (DXY) Price Forecast: Demand for Havens to Fuel USD Rebound

The tightening of coronavirus restrictions in several European nations has notably soured market sentiment in recent days and may open the door for the haven-associated USD to extend its rebound hi...

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Gold Prices Buoyed by Falling Yields, Crude oil Plunges on Viral Concerns

Crude oil prices were weighed by a surging US Dollar amid concerns about Europe’s vaccine campaign, while gold prices were underpinned by falling real yields. Fed Chair Powell downplayed inflation ...

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Japanese Yen Forecast: AUD/JPY, NZD/JPY Tumble on Souring Market Sentiment

The Japanese Yen may continue to rebound robustly against its higher-beta counterparts, as a string of lockdowns in Europe sours market sentiment. Key levels for AUD/JPY and NZD/JPY rates.

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Dow Jones Falls as Viral Resurgence in Europe Threatens Recovery, Hang Seng Eye Losses while ASX 200 Gains

Wall Street stocks retreated broadly as a viral resurgence in Europe shadowed recovery prospects. The haven-linked US Dollar surged while crude oil plunged. Asia-Pacific equities may retreat as sen...

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AUD/USD Drops as Vaccine-Induced Worries Plague Economic Reopening Hopes

The Australian Dollar fell as concerns over the AstraZeneca vaccine raised by US regulators injected a sense of fear through markets on Tuesday. Meanwhile, Australian PMI data crossed the wires bet...

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US Dollar Outlook: NZD/USD Crumbles as Risk Aversion Takes Hold

The US Dollar strengthened sharply across the board during Tuesday's trading session. NZD/USD price action plunged a whopping -2.3% as risk aversion mounted and exacerbated Kiwi weakness.

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Dow Jones Price Forecast for the Week Ahead

The Dow Jones trades within a few hundred points of record levels with minimal resistance overhead. Should risk appetite persist, the Dow could drive deeper into uncharted territory.

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Nasdaq 100, S&P 500 Fall as Markets Digest Powell & Yellen Testimony, Gamestop Earnings

Markets declined during trade as investors watch Jerome Powell and Janet Yellen closely as the pair testified in front of the House Financial Services Committee.

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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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USD/CAD Snaps Lower, Canadian Dollar Soars as BoC Tapers Policy

USD/CAD price action just plummeted 40-pips as the Canadian Dollar strengthens sharply in response to the Bank of Canada announcing the removal of its emergency market liquidity programs.

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Crude Oil Price Forecast: CL Snaps Back - Pullback or Reversal?

Crude oil prices have snapped back and taken out a big level of support along the way. Is a bigger reversal brewing in oil prices?

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4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.

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NZD/USD Rate Forecast: Head-and-Shoulders Formation Takes Shape

Recent price action warns of a further decline in NZD/USD as a head-and-shoulders formation appears to be taking shape.

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Sentiment in EUR/USD, GBP/USD, AUD/USD and NZD/USD Hurt by EU Lockdowns | Webinar

Trader confidence has been hit by the slow vaccine rollout in the EU and Germany’s decisions to extend lockdown until April 18 and close over Easter.

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

USD/CAD facing a potential bullish breakout. AUD/CAD downside remains on stronger US outlook.

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DAX 30 Forecast: Pulling Back From ATH as Germany Imposes Easter Lockdown

The DAX 30 continues to see bullish bias despite renewed Covid-19 lockdown, Volkswagen AG leads the index higher

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USD/MXN Pushing Higher Ahead of Banco de Mexico Interest Rate Decision

The Mexican central bank is unlikely to cut interest rates again at Thursday’s meeting, but nothing can be ruled out and that leaves USD/MXN likely to push higher

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British Pound (GBP) Latest: GBP/USD Slipping After UK Unemployment Data

GBP/USD is trading modestly lower after a labor-market report showing that the UK unemployment rate has dipped to 5% rather than rising as analysts had predicted.

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Euro Price Outlook: EUR/USD Holds Range Amid Covid-19 Third Wave Fears

The recent resilience of the EUR/USD exchange rate may begin to fade in the face of renewed lockdown measures in Germany and a cumbersome rollout of coronavirus vaccines.

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Nasdaq 100, Nikkei 225, ASX 200 Forecast: Yields and Powell Testimony in Focus

Tech led the rebound in stocks on Wall Street as the 10-year yield retreated below the 1.70% mark. Asia Pacific equities look set to follow this positive lead higher. Powell’s testimony will be eye...

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Fibonacci Confluence on FX Pairs

Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight

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NZD/USD May Fall on Technical Signal as APAC Markets Look for Direction

US markets moved higher to start the week, as Treasury yields fell across the curve. Meanwhile, Asia-Pacific markets will trade with a light economic calendar, and this week’s chip-manufacturer fir...

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US Dollar Outlook: USD/TRY Volatility Spikes as Lira Implodes

The US Dollar was little changed against key FX peers like the Euro, Pound, and Yen as Treasury yields edged lower, but USD/TRY price action surged as Turkish Lira volatility exploded.

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Gold Price Recovery Slows, Treasury Yields Remain Key to Future Moves

Gold is in the midst of a recovery rally after cratering to its lowest level since June and bouncing off an important trendline in early March. Treasury yields remain an important part of the equat...

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Dow Jones Price Forecast for the Week Ahead

The Dow Jones trades within a few hundred points of record levels with minimal resistance overhead. Should risk appetite persist, the Dow could drive deeper into uncharted territory.

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CAC 40, Euro Stoxx 50 Step Back From One Year Highs

After hitting their highest levels since February 2020 in mid-March, the CAC 40 and Euro Stoxx 50 are trading slightly lower at the start of the new week.

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Bitcoin (BTC/USD) Backs Down, Ethereum (ETH/USD) Sets Range

Crypto currencies are on their back foot, with Ethereum sticking to what's been a consistent range as Bitcoin bulls take a step back.

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Markets Week Ahead: Dow Jones, US Dollar, Treasury Yields, Crude Oil, Reflation Trade

The Dow Jones, S&P 500 and Nasdaq Composite sank as the Fed remained sanguine about Treasuries. A relatively quiet economic calendar docket ahead may leave the markets focusing on broader fundament...

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Euro Price Outlook - EUR/USD Remains Weak as Covid Spread Continues to Hit Europe

The single currency remains under pressure as covid-19 cases continue to grow in the block, prompting further lockdowns.

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IBEX 35 Dragged Down by BBVA and IAG, Turkish Lira Volatility Peaks

Erdogan’s latest round of political meddling has caused BBVA shares to plummet given the bank’s exposure to Garanti

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Bitcoin (BTC/USD) Looking at a Breakout, Ethereum (ETH/USD) Continues its Short-Term Struggle

Bitcoin is setting up a bullish pennant formation on the daily chart, a pattern that would suggest a fresh all-time high may be on the cards

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FTSE 100 Coiling for a Breakout, EU-UK Vaccine Trade War Begins

FTSE 100 gets off to a soft start as the Turkish Lira slumps, while Germany looks to extend lockdown measures.

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British Pound Forecast: Covid-19 Suppression Buoying GBP/USD, GBP/JPY

The rapid distribution of coronavirus vaccines, falling infection rates, and a cautiously optimistic Bank of England may pave the way for the British Pound to extend gains against its major counter...

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Gold, Crude Oil Prices Weighed by Rising US Dollar While Yields Fall

Gold prices declined modestly as the US Dollar strengthened. Crude oil prices are weighed by a weakened demand outlook as Europe faces a third viral wave.

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US Dollar Outlook: Soft Core PCE a Risk. USD/THB, USD/PHP Eyeing Central Banks

The US Dollar could gain versus Emerging Market currencies as Treasury yields rise. A soft core PCE report may cool gains however. USD/THB and USD/PHP are eyeing central bank rate decisions.

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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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S&P 500, Hang Seng, ASX 200 Outlook: Market Remains Vigilant as 10-Year Yield Crosses 1.7%

Asia-Pacific equities are in a cautious mode after the Turkish Lira plunged 16%. Rising longer-term Treasury yields may continue to weigh on sentiment.

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Turkish Lira Drops on Surprise Central Bank Governor Removal

The Turkish Lira lost a significant amount of ground against the US Dollar on the back of President Erdogan’s surprise decision to replace central bank governor Naci Agbal.

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Turkish Lira Drops on Surprise Central Bank Governor Removal

The Turkish Lira lost a significant amount of ground against the US Dollar on the back of President Erdogan’s surprise decision to replace central bank governor Naci Agbal.

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Japanese Yen Forecast: USD/JPY May See Volatility After BOJ, Fed Decisions

USD/JPY may see volatility as a bullish technical signal appears following last week's monetary policy announcements from the Bank of Japan and the Federal Reserve.

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Markets Week Ahead: Dow Jones, US Dollar, Treasury Yields, Crude Oil, Reflation Trade

The Dow Jones, S&P 500 and Nasdaq Composite sank as the Fed remained sanguine about Treasuries. A relatively quiet economic calendar docket ahead may leave the markets focusing on broader fundament...

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Dow Jones, Nasdaq 100, FTSE 100 Forecasts for the Week Ahead

US equities will have to juggle an encouraging message from the Fed last week and the coming end of the Supplementary Leverage Ratio (SLR) that might see Treasury yields rise further.

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USD/MXN Outlook: Mexican Peso Shows Resilience Ahead of Banxico Meeting

The Fed’s “keep calm” message has kept USD/MXN subdued despite rising bond yields.

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Euro Forecast: Prepare for Possible EUR/USD Break to the Downside

EUR/USD looks ready to break out from the relatively narrow range it has traded in for most of this month. It could go either way but the downside looks more likely.

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US Dollar Outlook: The Ongoing Battle for Yield Control

The US dollar is being underpinned by rising US Treasury yields as inflation fears continue to stalk the market.

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Swiss Franc Forecast: Why CHF May be at Risk Despite Wobbly Stocks, Eyes on SNB

The Swiss Franc has been struggling to capitalize on stock market volatility ahead of the SNB policy meeting. Rising government bond rates externally may leave CHF vulnerable in the long run.

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Weekly Fundamental Australian Dollar Forecast: RBA on Defense; Data Trends Weakening; PMIs Ahead

The last week of March brings about a quieter economic calendar for Australia, with the trio of PMI reports the sole focus.

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British Pound Defends March Open Range Ahead of UK Jobs, CPI Report

Key data prints coming out of the UK may keep the British Pound within the monthly range as the Bank of England (BoE) retains the current course for monetary policy.

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EUR/USD Erases FOMC Driven Gain as ECB Warns of Euro Area Recession

EUR/USD gives back the advance following the Federal Reserve interest rate decision as ECB President Christine Lagarde warns of a technical recession.

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Gold Price (XAU/USD) Outlook - Battling with Resistance, Sentiment Remains Bearish

Gold may struggle to break chart resistance as US Treasury yields seem set to push higher, weighing on the value of the precious metal.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch

Choppy trade remains for AUD/USD with focus on bond yields for direction.

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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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Crypto Update: BTC/USD, ETH/USD Building Momentum Within Shy Distance of ATH

The cryptocurrency market continues to attract speculative interest as bullish momentum consolidates

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Canadian Dollar Outlook: USD/CAD Rebound Dicated by Retail Sales Data

Tumbling crude oil prices and a rebounding US Dollar could ignite a short-term recovery in USD/CAD rates. However, better-than-expected retail sales data could underpin the Loonie against its US co...

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Crude Oil Prices Tumble, Uptrend at Risk? Gold Outlook Remains Bleak

Crude oil prices sank 7.62% in the worst day since April. Gold fell and the 10-year Treasury yield soared almost 4.5%. How are WTI and XAU/USD positioning ahead of the weekend?

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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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Dow Jones Retreats amid Tech and Oil Rout, Will the Hang Seng and ASX 200 Fall?

Wall Street stocks retreated from record highs amid a heavy selloff in the tech sector as longer-term Treasury yields surged alongside the US Dollar. Asia-Pacific equities are eyeing losses as sent...

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Nasdaq 100 Index Sinks on Treasury Volatility. AUD Retail Sales, BOJ in Focus

The Nasdaq 100 Index sank as Treasury market volatility reignited. Friday's Asia-Pacific session has Australian retail sales and the Bank of Japan's rate decision in focus.

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US Dollar Outlook: USD/JPY Eyes BoJ as Yield Volatility Hastens

The US Dollar strengthened broadly on Thursday and erased losses from the prior session as the ten-year Treasury yield briefly spiked above 1.75%. USD/JPY price action eyed as the BoJ decision looms.

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S&P 500 Forecast: Tech Sector ETF Sees Highest Demand in a Year

Exchange traded fund flow data reveals the fund that tracks the S&P 500 technology sector, XLK, registered its largest single-day inflow since March 2020 after the Fed reiterated its policy path We...

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NZD/USD March Opening Range Remains Intact Following FOMC, NZ GDP

The broader outlook for NZD/USD remains constructive as the opening range for March remains intact following the failed attempt to test the 20201 low (0.7096).

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Gold Price Forecast: XAU Grasps for Long-Term Fibonacci Support

Gold prices have been down since August but are not yet out, as Gold price action is clinging to the 38.2 retracement of the 2018-2020 major move.

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USD/CAD Forecast: Bearish Price Series Persists Following Dovish FOMC

USD/CAD may continue trade to fresh yearly lows in March as the exchange rate extends the series of lower highs and lows carried over from the previous week.

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British Pound (GBP) Latest: BoE Reiterates Stance, GBP/USD Maintains Range

Bank of England maintains current monetary policy in a 9-0 vote with the interest rate and APF left at 0.1% and GBP 895bln.

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EUR/USD Price Outlook Remains Biased to the Downside as Euro Weakness Continues

The single currency remains on the back foot against the US dollar as US bond yields continue to move higher.

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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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DAX 30 Strongly Overbought as Bulls Regain Control Helped by the Fed

Global equities push higher as the Federal Reserve sends a message of calmness and support

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Gold Price Forecast and Crude Oil Price Outlook: Reversals Likely Soon

The price of gold has been rising steadily but a fall back is overdue; by contrast, crude oil prices have been dropping but are due for a correction higher.

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British Pound Price Forecast: Optimistic BoE to Buoy GBP/USD, GBP/JPY

A cautiously optimistic outlook from the Bank of England will probably pave the way for the British Pound to extend its climb higher against the US Dollar and Japanese Yen.

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Gold Price Forecast: XAU/USD Jumps as Powell Commentary Deflates US Dollar

Gold moved higher after Fed Chair Powell calmed market fears about premature policy tightening despite a more optimistic set of economic projections from Federal Reserve members.

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Dow Jones Leads Nikkei 225 Higher on Dovish Fed, ASX 200 Falls Despite Strong Jobs Report

The Fed maintained its policy rate and asset purchasing program unchanged during the FOMC meeting, sending a dovish message to equity markets. The Dow Jones led the Nikkei 225 higher while the ASX ...

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Australian Dollar Forecast: AUD/USD Gains on Blowout Jobs Report, Eyeing Rising Stocks

The Australian Dollar gained as a blowout jobs report crossed the wires. Ahead, AUD/USD may rise alongside stocks in the aftermath of the FOMC monetary policy announcement.

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New Zealand Dollar Outlook: NZD/USD Looks Past GDP Miss as FOMC Induces Greenback Weakness

The New Zealand Dollar is gaining against the Greenback after a dovish Federal Reserve sank the US Dollar, allowing NZD/USD to largely ignore New Zealand's Q4 GDP miss.

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Dow Jones, Nasdaq 100 and S&P 500 Jump as Fed Opens Door to Risk Rally

Stocks soared higher after the Federal Open Market Committee affirmed its dovish stance and revealed encouraging economic projections for the months to come.

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Oil Extends Bearish Price Series as US Stockpiles Rise for Fourth Week

The price of oil extends the series of lower highs and lows from earlier this week as US crude inventories widen for the fourth consecutive week.

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US Dollar, Yields Pivot Lower Following the FOMC Announcement

The US Dollar is snapping sharply lower alongside Treasury yields as markets react to the latest Fed rate decision and updated economic projections just released.

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Bitcoin (BTC/USD) Retreats to Support Ahead of FOMC

Bitcoin price action stalls at critical support

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AUD/USD Bounces Along 50-Day SMA Ahead of Fed Rate Decision

AUD/USD continues to bounce along the 50-Day SMA (0.7738) ahead of the Federal Reserve interest rate decision as the exchange rate defends the 2021 low (0.7564).

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SA Retail Sales Slump: USD/ZAR Reaction and Price Outlook

Worse than expected retail sales data continues the disappointing trend in the retail sector even as Covid-19 restrictions ease

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Currency Volatility Highest Since US Election: What to Watch for Fed Decision

Fed takes center stage as all eyes shift towards dot-plot projection. Currency implied volatility signals big move.

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GBP/USD Braces for Volatility as The Fed and BoE Prepare to Give Their Latest Views

With both the Fed and the BoE giving their latest monetary policy decisions, and thoughts, over the next 24 hours, GBP/USD is likely to become increasingly volatile.

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IBEX 35, FTSE MIB Forecasts: European Indices Struggle to Overcome Short-Term Resistance

European equities are lacking buyer support ahead of the FOMC interest rate decision

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USD/JPY Outlook: Flattening JGB Yield Curve Ahead of FOMC Expectations

All eyes shift toward central banks this week with the Federal Reserve up first. Whether or not interest rate hikes be brought forward will likely set the precedent for other central banks.

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British Pound (GBP) Latest: EUR/GBP Slide Resuming, Slow EU Vaccine Rollout

The suspension around Europe of usage of the AstraZeneca/Oxford coronavirus vaccine continues to weaken the Euro and that could mean further losses for EUR/GBP.

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US Dollar Forecast: FOMC Summary of Economic Projections to Dictate USD

The US Dollar’s near-term trajectory will ultimately depend on whether the Federal Reserve steps-in to cap long-term rates, holds its monetary policy levers steady or hints at earlier-than-expected...

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Crude Oil Prices May Rise if Stockpiles Fall, FOMC Meeting Eyed

Crude oil prices await a catalyst from Wednesday’s FOMC meeting. A surprise inventory draw may help to underpin prices.

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Gold Price Forecast: Rebound at Risk as Yields Aim Higher Ahead of FOMC

The tentative recovery in gold prices hangs in the balance as the upcoming FOMC monetary policy meeting shifts into focus.

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S&P 500, Hang Seng, ASX 200 Outlook: Will the Fed Deliver Surprises?

The S&P 500 and Dow Jones retreated from all-time highs as traders awaited policy guidance from the FOMC meeting on Wednesday. Asia-Pacific markets opened with a mixed tone.

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New Zealand Dollar Outlook: NZD/USD May Rise Ahead of FOMC, New Zealand GDP

Asia-Pacific markets may see neutral movement as investors prepare for tomorrow's binary high-impact events, with the US Federal Reserve and New Zealand GDP data on tap.

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Crude Oil Technical Forecast: Oil Prices Ranging – Levels to Watch

Crude oil price action has pulled back slightly from its recent swing high as technical resistance around the $66.00-handle halts upward momentum. Will the long-term trend keep oil prices afloat?

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Bitcoin Price Consolidates After New All-Time High, What Next?

Bitcoin tagged a new all-time high above the $60,000 mark before retracing to support. Since there is little to suggest the broader upward trajectory will soon reverse, recent losses could prove he...

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EUR/USD Rate Eyes 200-Day SMA Again as ECB Boosts Pace of PPEP

EUR/USD may stage another attempt to test the 200-Day SMA (1.1834) as the ECB boosts the pace of the pandemic emergency purchase programme (PPEP).

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USD/CAD Decline Stalls Ahead of Canada CPI, Fed Rate Decision

Key event risk on tap for later this week may sway the near-term outlook for USD/CAD if the Federal Reserve adjusts the forward guidance for monetary.

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February Retail Sales Miss Expectations in Stimulus Check Interlude, USD Stronger

Retail Sales in February printed at -3.0%, sharply lower than forecast of -0.5%, as consumer spending slowed after booming in January.

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Japanese Yen Forecast: FOMC vs BoJ, USD/JPY Vulnerable to a Reversal

USDJPY implied volatility at highest level since US election as focus turns to FOMC and BoJ.

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USD/ZAR Outlook: South African Rand Stable Ahead of Fed Announcement

The Rand remains at risk of wiping out recent gains depending the upcoming FOMC meeting , while strong technical patterns remain.

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DAX 30 Forecast: Fed Meeting in Focus as Indecision Pushes for Consolidation

Rising bond yields see indecision creep into the DAX 30 as strong resistance emerges at 14,600

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Price Outlook - Sharp Sell-Off Looks Contained

The recent sharp sell-off in the cryptocurrency market looks like it has now finished and fresh all-time highs may be brewing.

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British Pound (GBP) Latest: GBP/USD Still Edging Lower Ahead of BoE

GBP/USD continues to ease back after failing to overcome resistance at 1.40 ahead of Thursday’s meeting of the Bank of England’s rate-setting monetary policy committee.

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Euro Forecast: EUR/USD Resilient Despite Vaccine Setback, Dovish ECB

The Euro has remained resilient in the face of worrisome news on the vaccine front and the dovish stance of the ECB, which suggests that EUR/USD rates could extend recent gains.

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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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Natural Gas Forecast: Technical Breakdown May Accelerate as Fundamentals Wane

Natural gas prices face a diminishing fundamental backdrop which could accelerate the recent technical breakdown in prices, with the 200-day SMA in focus.

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Dow Jones Extends Higher as Volatility Falls. Nikkei 225, ASX 200 May Rise

Wall Street stocks edged higher as volatility fell, with the Dow Jones and S&P 500 hitting fresh records. Asia Pacific equities look set to follow this positive lead higher.

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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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USD/JPY Threatens Key Multi-Month High, BOJ's Kuroda Speech Eyed

Liquidity concerns in China outweighed economic data surprises to drive the CSI 300 lower. Meanwhile, traders are focused on USD/JPY as it approaches fresh multi-month highs ahead of BoJ Governor K...

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Stocks Creep Higher as Market Awaits Fed Decision - Stock Market Forecast

The Nasdaq 100 crept higher ahead of the looming Federal Reserve rate decision which has many market participants on edge.

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NZD/USD Rate Rebound Faces Fed Rate Decision, New Zealand GDP Report

NZD/USD may continue to consolidate ahead of the key event risks on tap for later this week as it struggles to push back above the 50-Day SMA (0.7214).

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Bitcoin Forecast: BTC/USD Peels Back From Record – What Next?

Bitcoin notched a new record high over the weekend as retail investors pumped stimulus checks into the cryptocurrency market, but BTC/USD price action continues forming bearish RSI divergence.

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

The Canadian Dollar has been a raging bull as Oil prices have continued to bring bulls to the bid with all of USD/CAD, CAD/JPY and EUR/CAD visibly showing that theme.

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GBP/JPY, GBP/CHF Price Outlook: Pound Sterling Rally Stalls Out

The British Pound has performed impressively in 2021, rallying to year or multi-year highs against other currencies. The rally now seems to be put on hold, with pairs consolidating around these highs.

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Gold Price Outlook Mired by Failure to Test March High

The recent rebound in the price of gold appears to be losing steam as the precious metal struggles to test the March high ($1760) ahead of the Fed interest rate decision.

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FTSE 100 Nears Upper Bound of Bollinger Range, BoE More Positive About Economy

Fresh stimulus checks hit the US economy giving equities another boost

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British Pound (GBP) Latest: GBP/USD Mixed Ahead of a Big Central Bank Week

Sterling opens the week flat to marginally better bid with traders focusing on the FOMC policy meeting on Wednesday and the BoE meeting on Thursday

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Canadian Dollar Forecast: BoC Tapering Bets to Buoy CAD Against JPY, USD, EUR

A flurry of better-than-expected economic data may intensify Bank of Canada tapering bets and open the door for the Canadian Dollar to continue outperforming the US Dollar, Euro, and Japanese Yen.

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Gold Prices Hold Up, Crude Oil Higher as Yellen Defies Inflation Fears

Gold prices held Friday’s gains while crude oil prices climbed after US Treasury Secretary Janet Yellen said that US inflation risks remain small and manageable.

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US Dollar Outlook: USD/SGD, USD/THB May Rise on Fed, USD/IDR Eyeing Bank of Indonesia

The US Dollar could rise versus the Singapore Dollar and Thai Baht if the Fed remains sanguine about rising Treasury yields. Bank of Indonesia may step in to keep USD/IDR in check.

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USD/CNH Slides Lower on Chinese Retail Sales, Industrial Production Data

The Chinese Yuan strengthened against the US Dollar on the back of strong retail sales and industrial production data. Attention now turns to the upcoming meeting between US and Chinese delegates o...

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S&P 500, Hang Seng, ASX 200 Outlook: Chinese Data and Central Banks in Focus

Chinese industrial production and retail sales data may set the tone for the Asia Pacific open following a mixed US trading session. FOMC, BoE and BOJ interest rate decisions will be closely eyed t...

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Australian Dollar Outlook: Iron Ore May Pull AUD/USD Higher if Chinese Data Impresses

The Australian Dollar may see an influx of strength if iron ore prices rise on better-than-expected Chinese economic data.

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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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Markets Week Ahead: Dow, Bitcoin, EUR/USD, Fed Update, Stimulus, Yields

Markets have been quite choppy over the last few trading sessions with risk trends and investor sentiment improving more recently. Will the Fed meeting on deck reignite volatility in the week ahead?

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Nasdaq 100 Forecast: Will Calming Yields Revive the Tech Sector?

A tepid US core CPI reading and smooth Treasury note auctions last week calmed longer-term yields, which alleviated pressure on tech sector. Will this trend be sustained?

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Mexican Peso Outlook: USD/MXN Strongly Correlated to Bond Yields

USD/MXN hits 5-month high as bond yields pick up pace.

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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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Euro Forecast: EUR/USD Well Supported as Global Central Banks Meet

Last week’s meeting of ECB monetary policymakers failed to weaken Eurozone bond yields, and any further moves higher this week would likely result in corresponding gains for EUR/USD.

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Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies

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Gold Price Forecast: XAU/USD Hinges on Fed Meeting, Real Yields

XAU/USD price action caught a much-needed bid this past week as gold pushed higher thanks to help from a slightly softer US Dollar. Will the Fed meeting on deck spark another precious metal selloff?

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US Dollar Outlook Hinges on Federal Reserve Forward Guidance

Fresh forecasts coming out of the Federal Reserve are likely to influence the US Dollar as Fed officials are slated to update the Summary of Economic Projections (SEP).

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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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New Zealand Dollar Forecast: NZD/USD Rebound Hinges on FOMC Meeting

The New Zealand Dollar has regained lost ground against the US Dollar in recent days and remains poised to continue pushing higher. However, the upcoming FOMC rate decision may ultimately define th...

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Australian Dollar Risks Wilting if Fed Remains Sanguine on Treasury Yields

The Australian Dollar is aiming to resume its uptrend, but the Fed and its take on the bond market still poses a risk to it ahead. AUD/USD may thus look past Australia’s jobs report.

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FX Week Ahead - Top 5 Events: US Retail Sales; Canada Inflation; BOE & Fed Rate Decisions; Australia Jobs

The economic calendar is supersaturated as we turn through the ides of March.

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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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Gold Price (XAU/USD) Outlook - Looking Over the Edge of a Cliff

The precious metal remains at risk of a further sell-off with little in the way of strong support ahead of the low $1,600s.

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S&P 500 Forecast: Fund Flows Reveal Tech, Treasury and Gold Weakness

Tech stocks and US Treasury funds show signs their routs are losing steam while gold continues to display signs of weakness.

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South African Rand Dollar Price Forecast: USD/ZAR Bounces Between Key Levels

The Resilient Rand Remains at the Mercy of US Dollar Strength

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GBP/USD Weekly Forecast: GBP Volatility Rising Ahead of FOMC & BoE Decisions

GBP/USD trades in choppy fashion as US yields dictate the current state of play.

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March Consumer Sentiment Rises to Pandemic High, USD Stronger

The Consumer Sentiment Index rose in March to its highest level since the onset of the pandemic as stimulus, reopenings, and vaccination rollouts spur an improving economic outlook.

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Canadian Dollar (CAD) Spikes After Jobs Report Smashes Expectations

Canadian Dollar jumps on stellar employment report. USD/CAD hits session lows.

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EUR/USD Price Breakdown Set to Continue as Germany Warns of Third Pandemic Wave

The single currency is likely to weaken further in the coming weeks after the German Health Agency warned of an impending third coronavirus wave.

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

US bond yield fluctuations offers more two way price action for AUDUSD. EURAUD downtrend intact.

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DAX 30 Forecast: Indecision Creeps in as ECB Promises Disappoint

DAX 30 reverses sentiment as the ECB meeting lacks enough commitment to yield curve control

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British Pound (GBP) Latest: GBP/USD Underpinned by Better-Than-Expected UK GDP Data

The UK economy contracted by 2.9% in January, beating market estimates of a 4.9% contraction. Sterling trades around 1.3950 against the US dollar.

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Crude Oil Hampered by OPEC Demand Outlook, Gold Price Eyeing PPI Data

Crude oil prices could be at risk of a near-term pullback as OPEC trims second-quarter demand estimates, while gold may extend gains on a softer-than-expected US PPI report.

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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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Nasdaq Rebound May Lead Hang Seng, ASX 200 Higher amid Tech Rally

Wall Street stocks had a “risk on” session overnight as a rally in the tech sector sent the S&P 500 and Dow Jones to record highs. Asia-Pacific equities are eyeing gains amid favorable sentiment.

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Australian Dollar Forecast: US Stimulus Boosts AUD/USD to Key Trendline

A $1.9 trillion stimulus relief package was signed into law one day earlier than expected, boosting gains on Wall Street. The risk-on move bolstered AUD/USD higher as it takes aim on recapturing a ...

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US Dollar Outlook: DXY & VIX Index Drilled, Stimulus Incoming

The US Dollar extended its pullback during Thursday’s trading session with weakness shown against nearly all FX peers. Will the DXY and VIX ‘fear-gauge’ slide further as stimulus is dished out?

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S&P 500 Forecast: Fund Flows Reveal Tech, Treasury and Gold Weakness

Tech stocks and US Treasury funds show signs their routs are losing steam while gold continues to display signs of weakness.

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AUD/USD Bullish Price Series Emerges After Defending 2021 Low

AUD/USD trades back above the 50-Day SMA (0.7737) as the exchange rate carves a series of higher highs and lows after defending the 2021 low (0.7564).

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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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Bitcoin (BTC/USD) Threatens Push Up to Fresh All Time Highs

Bitcoin prices continue to soar, but can bulls force a break of February’s high?

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Buyer Beware: Why Retail Traders Should Carefully Consider Their Broker

The rise in retail trading amid the coronavirus pandemic has seen brokerages fall under increased pressure with some struggling to cope. How safe is your broker?

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USD/CAD Pullback from 50-Day SMA Leads to Break of March Opening Range

USD/CAD snaps the monthly opening range for March ahead of the update to Canada’s Employment report as it continues to pullback from the 50-Day SMA (1.2694).

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Ranking the biggest factors affecting the performance of the CAC40

Find out how economic, political and unforseen events have an impact on France's most influencial benchmark

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Three Women Leaders Changing Finance, Economics and Business

To mark International Women’s Day on March 8, we are highlighting three women leaders who are steering financial, economic and business organizations through unprecedented change.

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Breaking: ECB PEPP Purchases to be Significantly Higher, EUR/USD Dips

Euro and Bund yields dip as ECB steps up PEPP purchases for next quarter.

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Euro Latest: EUR/USD, EUR/GBP Price Action Set-Up for ECB

EUR/USD faces first resistance test. EUR/GBP hovers in oversold territory.

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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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XAU/USD: Gold Bulls Take Advantage of Falling Yields Ahead of Unemployment Data and Biden Speech

The price of gold is showing strong upside momentum as investors await for further guidance

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British Pound (GBP) Latest: GBP/USD Technically Strong, Bounce Set to Continue

GBP/USD has broken higher from a falling wedge pattern on the daily chart, suggesting that the drop seen since February 25 was corrective rather than the start of a new trend lower.

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Euro, DAX 30 Forecast: ECB Rate Decision to Dictate Near-Term Trajectory

The European Central Bank’s upcoming interest rate decision may clear a path for the Euro to gain ground against its major counterparts while triggering a short-term pullback for the German DAX 30.

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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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Crude Oil Prices Eyeing OPEC Report as Stocks Rise, Gold Could Gain on the ECB

Crude oil prices may rise alongside stocks, eyeing OPEC’s monthly outlook report. Meanwhile, gold could benefit from the upcoming ECB rate decision.

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Bitcoin Outlook: BTC Poised to Break to Fresh Highs or Is a Reversal Afoot?

Bitcoin has stormed higher since the start of March and appears to be eyeing a push to fresh record highs. However, short-term technical signals suggest that a reversal lower could be on the cards.

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Dow Jones Gains on Inflation Relief. Nikkei 225, ASX 200 May Climb

A lower-than-expected US core CPI figure sent Wall Street stocks broadly higher as inflation fears eased. The reflation trade is back in centerstage after House approval of the US$ 1.9 trillion sti...

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NZD/USD, AUD/NZD In Focus as Inflation-Induced Moves Spur Rotation Within Equities

NZD/USD and AUD/NZD face technical challenges with major trendlines in focus. A flop in US inflation data sent Treasury yields lower, spurring rotation out of tech and into value on Wall Street.

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Canadian Dollar Price Outlook: USD/CAD, EUR/CAD Eyed Post-BoC

The Canadian Dollar traded mixed on Wednesday amid choppy market conditions. Will USD/CAD and EUR/CAD continue their broader trends with Bank of Canada event risk in the rearview?

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Bitcoin Price Approaches All-Time High, is a New Record Ahead?

Bitcoin has moved within reach of record levels after recovering from its brief pullback last month. With the fundamental landscape unchanged and an improved technical picture, BTC might try at new...

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Gold Price Eyes Recovery After Cratering to Trendline Support

Gold is in the midst of a recovery rally after cratering to its lowest level since June and bouncing off an important trendline. While gold may look to recoup recent losses, the longer-term outlook...

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Oil Price Susceptible to Large Pullback as RSI Divergence Persists

The price of oil may face a larger pullback as the RSI continues to diverge with price and still tracks the downward trend carried over from February.

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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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South African Rand Price Forecast: USD/ZAR, GBP/ZAR,EUR/ZAR Setups

The South African Rand retaliates but economic recovery may still face hurdles

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EUR/USD Rate Reverses Ahead of 200-Day SMA with ECB Meeting on Tap

EUR/USD appears to be reversing course ahead of the 200-Day SMA (1.1821) as it struggles to extend the series of lower highs and lows carried over from the previous week.

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Bank of Canada Holds Policy Steady, Remains Cautious - CAD Slightly Weaker

The Bank of Canada held policy unchanged in March, maintaining a 0.25% target rate and continuing asset purchases at their current pace while emphasizing continued caution.

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S&P 500, Gold Jumps to Highs, USD Dips on US CPI

US CPI prints in-line, while Core CPI misses. USD tracks yields lower. Gold and S&P 500 gain.

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Gold Price (XAU/USD) Outlook Remains Brittle as Risk Storm Nears

The precious metal’s recent rally is under threat as the upcoming US government bond auctions may fail to stem rising Treasury yields

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IBEX 35 Consolidates Strong Uptrend as Key Fibonacci Resistance is Broken

Spanish stocks continue to outperform as improving growth forecasts give investors hope

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British Pound (GBP) Latest: EUR/GBP Decline Not Over Yet

The Euro continues to fall against Sterling, with no respite yet in sight for the pair as the OECD forecasts that the UK will outperform the EU and the two argue over vaccine exports.

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US Dollar Price Outlook: USD Recovery Hinges on Upcoming Inflation Print

The near-term trajectory of the US Dollar hinges on inflation figures for the month of February and the total demand for Treasuries at the upcoming 10- and 30-year auctions.

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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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Gold Price Forecast: Vulnerable to a Pullback as Yield Resurges. US Inflation Data in Focus

Gold prices are susceptible to another pullback after bouncing from a nine-month low on Tuesday. Resurgence in longer-term Treasury yields and the US Dollar may weigh on bullion.

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Natural Gas Prices May Rise on Colder Weather Forecast, EIA Inventory in Focus

Natural gas prices may reverse higher on a colder weather outlook if this week's EIA inventory report shows a sizeable drop in storage levels.

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S&P 500, Hang Seng, ASX 200 Outlook: Tech Rebound to Send Stocks Higher

Asia-Pacific equities are poised for a strong opening following a decent rebound in US tech stocks overnight. The US Dollar index retreated alongside the 10-year yield, alleviating pressure on risk...

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Nasdaq 100 Surges As Treasury Yields Recede. NZD/USD Aims Higher

The recent rotation in US equities reversed on Tuesday as the Nasdaq 100 surged north of 4.0%. Meanwhile, the New Zealand Dollar takes aim at recapturing a major trendline as the Greenback weakens.

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US Dollar Outlook: EUR/USD Volatility Looks to Inflation Data Due

The US Dollar pivoted broadly lower on Tuesday as Treasury yields peeled back from their recent spike. EUR/USD price volatility could intensify around monthly inflation data on deck for release.

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Bitcoin Price Approaches All-Time High, is a New Record Ahead?

Bitcoin has moved within reach of record levels after recovering from its brief pullback last month. With the fundamental landscape unchanged and an improved technical picture, BTC might try at new...

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USD/CAD Tracks March Opening Range Ahead of BoC Rate Decision

USD/CAD tracks the opening range for March ahead of the Bank of Canada (BoC) rate decision as the exchange rate pulls back from the 50-Day SMA (1.2702).

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Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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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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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The Fed is now in its pre-meeting communications blackout period. Here’s what policymakers were saying before the curtain dropped.

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Gold Price Forecast: Gold Jumps, Bear Market Bounce or Something More?

Gold has lost as much as 14.41% so far in 2021, is it finally nearing a turn? Or is this a mere pullback/pause in a bigger picture bearish trend?

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Mexican Peso Forecast at Inflection Point - Levels for MXN/JPY, USD/MXN

Rising US Treasury yields have proved a nuisance to EM FX rates. However, MXN-crosses could be at a turning point.

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NZD/USD Rate Snaps Bearish Price Series to Defend 2021 Low

NZD/USD may continue to defend the 2021 low (0.7096) as the exchange rate snaps the series of lower highs and lows from the previous week.

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US Dollar Rally Halts, Gold Bounces Back - US Market Open

Choppy trading conditions sees USD rally on hold. Gold prices given much needed support from softer yields.

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Market Sentiment Positive, Strong USD Dominating Trading | Webinar

Traders are confident of a global economic recovery, perhaps leading to higher inflation. That has boosted US Treasury yields and the resulting strength of the US Dollar is affecting all the markets.

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Bank of Canada Preview: Canadian Dollar Awaits BoC Decision

BoC expected to maintain current policy, however, accompanying statement is likely to acknowledge strong economic rebound.

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Price Outlook - New All-Time Highs Near

The cryptocurrency market has digested recent selling and now looks primed for a fresh attempt at new all-time highs.

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CAC 40, FTSE MIB Continue Steady Pace Higher, Focus on ECB Response to Yields

European equities consolidate higher but investors will pay attention to Lagarde’s comments about bond yields at the ECB meeting on Thursday

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USD/ZAR Outlook: Upbeat South African GDP Data Bolsters Rand

SA GDP data came in better than expected which played into technical patterns featuring on the weekly chart. Could this be the stimulus needed for a short-term correction?

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British Pound (GBP) Latest: GBP/USD Rallying, Sterling Strong All-Round

The British Pound has been bolstered by a warning from the Bank of England Governor of rising inflation as the UK economy recovers from the slump caused by the Covid-19 pandemic.

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Euro Price Forecast: EUR/USD Perched Atop 200-MA with ECB In Focus

The divergent monetary policy outlooks of the European Central Bank and Federal Reserve may continue to drive the EUR/USD exchange rate in the near term.

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Silver Broke Key Trendline? WTI Brushed Aside Saudi Arabian Oil Facility Attack

Silver prices weakened amid a rising US Dollar, with XAG/USD eyeing a year-long rising trendline. Meanwhile, energy prices brushed aside an attack on a key Saudi Arabian oil facility.

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US Dollar Outlook: Treasury Yields May Continue Pressuring ASEAN, Emerging Market FX

The US Dollar may rise against ASEAN currencies like the Singapore Dollar and Indonesian Rupiah as longer-term Treasury yields climb. Will the BoC and ECB help cool bond markets?

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Dow Jones Extends Gains amid Tech Rout. Will Nikkei 225, ASX 200 Follow?

Wall Street saw another mixed session with the reflation theme dominating a sectoral rotation out from tech and into cyclical sectors. Rising yields may continue to weigh on tech sentiment across t...

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New Zealand Dollar May Fall Further as Stimulus-Driven Yield Climb Continues

Asia Pacific markets may see a bearish start to the session as Treasury yields continue to move higher on US stimulus spending. Meanwhile, Greenback strength pushed NZD/USD below a key technical le...

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Gold Price Outlook: Rising Yields Threaten Bull Flag Breakdown

Gold price action is flirting with a breakdown of its bull flag chart pattern as precious metals continue to face downward pressure due to rising real yields and a stronger US Dollar.

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Nasdaq 100, Dow Jones, S&P 500 Forecasts for the Week Ahead

Rising yields continue to weigh on equity markets but the Dow Jones remains near record levels as the Nasdaq 100 enters correction territory.

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FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs

The economic calendar is increasingly busy as we progress deeper into March.

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AUD/USD Rate Attempts to Retrace Post-NFP Decline to Defend 2021 Low

AUD/USD appears to be defending the 2021 low (0.7564) as the exchange rate attempts to retrace the decline following the US Non-Farm Payrolls (NFP) report.

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Outlook: Will Stimulus Checks Buoy Crypto?

Bitcoin (BTC/USD) and Ethereum (ETH/USD) edged higher last week in attempt to rebound from their recent rout. Will stimulus checks support the cryptocurrency market amid US Dollar strength?

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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Mexican Peso Price Forecast: USD/MXN Breakout to Fibonacci Resistance

It's been a counter-trend type of year so far for USD/MXN. But with a key Fibonacci level coming into play following a falling wedge breakout - might the tides be nearing a turn?

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EUR/USD Rate on Cusp of Testing 200-Day SMA Ahead of ECB Rate Decision

EUR/USD is on the cusp of test the 200-Day SMA (1.1813) for the first time since May 2020 as the exchange rate fails to defend the January low (1.1952).

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Three Women Leaders Changing Finance, Economics and Business

To mark International Women’s Day on March 8, we are highlighting three women leaders who are steering financial, economic and business organizations through unprecedented change.

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USD/JPY Price Outlook: USDJPY Vulnerable to Pullback amid Bullish Surge

USD/JPY surged after a rise in US bond yields and a stronger US dollar. However the overbought RSI points to a potential near term pullback

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DAX 30 Forecast: Long-Term Trendline Offers Critical Support

The bond market’s shakedown of equities continues, bond yields creep higher awaiting purchases information

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British Pound (GBP) Latest: Brexit Trouble Brewing, GBP/USD Weak But Sterling Strength Remains

The British Pound opens the week on the back foot against a resurgent US dollar as UK and EU post-Brexit talks take a turn for the worse

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Dollar May Rise as Stimulus Boosts Yields, Pound Eyes Bailey Comments

The US Dollar may rise as yields rise after the Senate passes Biden’s $1.9 trillion stimulus plan. The British Pound eyes comments from BOE Governor Bailey.

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Gold, Crude Oil Price Forecast: Edging Higher on the Back of Stimulus, Saudi Oil Facility Attack

Gold prices bounced off a key support level after the passing of a major US stimulus package. Crude oil prices surged to a fresh 12-month high as Saudi Arabia’s oil facility was attacked.

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US Dollar Outlook: Treasury Yields May Continue Pressuring ASEAN, Emerging Market FX

The US Dollar may rise against ASEAN currencies like the Singapore Dollar and Indonesian Rupiah as longer-term Treasury yields climb. Will the BoC and ECB help cool bond markets?

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S&P 500, Hang Seng, ASX 200 Outlook: Strong NFP and Stimulus to Lead the Way Higher

Asia-Pacific equities are poised for a strong start as US stock benchmarks finished higher on robust NFP readings. Sentiment is further revitalized by the passing of US$ 1.9 trillion relief package...

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AUD/USD Aims to Retake Key Level as Markets Digest US Covid Stimulus News

Asia-Pacific financial markets will digest news that the US Senate passed a US$1.9 trillion Covid package. Australian consumer confidence and Chinese inflation data are on tap.

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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Crude Oil, ECB, BoC, Treasuries

Rising longer-term Treasury rates undermined the tech-heavy Nasdaq 100 as the Dow Jones rose last week. The US Dollar is outperforming again, with gold prices sinking as crude oil soars. The Euro a...

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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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Nasdaq 100, S&P 500, Dow Jones Forecast: Growth, Tech Stocks Falling Out of Favor?

Rising longer-term Treasury yields and a relatively sanguine Fed may place the Nasdaq 100 at risk as the Dow Jones holds up. Are growth stocks falling out of favor for value ones?

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Euro Forecast: EUR/USD to Weaken if ECB Increases Bond Buying

This Thursday’s meeting of ECB policymakers is live; there will be no major changes to Eurozone monetary policy but it could be tweaked in response to rising sovereign bond yields.

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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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Gold Price Outlook Remains Mired by Broader Recovery in US Yields

The recovery in longer-dated US Treasury yields may keep gold prices under pressure as the Federal Reserve appears to be in no rush to alter the path for monetary policy.

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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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Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations

Supply constraints, rebounding global demand and rising inflation expectations may drive crude oil prices higher in the near term.

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