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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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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Crude Oil Forecast: OPEC+ in Focus as 3-Month Price Rally Looks to Extend into July

Crude oil prices ended June with a 10.78% gain as the global economic recovery chugged along, aided by a disciplined OPEC+ group. Thursday's meeting will likely set the tone for July.

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S&P 500 Eyes Key Chart Resistance, Nikkei 225 and ASX 200 Open Steady

The S&P 500 index closed at an all-time high on the last trading day of June, lifted by energy and industrial sectors. Asia-Pacific markets are mixed as traders await US nonfarm payrolls data.

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Japanese Yen Outlook: USD/JPY Remains Under Pressure Following Mixed Tankan Data

The Japanese Yen remains under pressure as the global economic recovery picks up pace. Japan continues to lag behind in vaccinations and economic activity.

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New Zealand Dollar Forecast: Covid Resurgence Puts Sentiment to Test

The New Zealand Dollar is trading largely unchanged as traders evaluate the growing risks posed by the quickly spreading Delta Covid variant.

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US Dollar Outlook: DXY Index Extends Rally Ahead of PMIs, NFPs

The US Dollar made a strong push to close out the first half of the year 2.7% higher thanks to recent Fed taper speculation. Can PMI and NFP reports due provide bullish catalysts to extend the move?

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Mexican Peso Short-Term Outlook Hinges on NFP Data, Levels to Watch in USD/MXN

USD/MXN volatility could rise in the coming days with the NFP report on tap for Friday. Strong employment data could boost the dollar, while a soft print is likely to benefit the Mexican peso.

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S&P 500 Forecast for the Week Ahead: The Summer Doldrums Drag On

The effects of seasonality are in full swing as the summer doldrums see volume and volatility dry up and price action constrict to culminate in tiny daily trading ranges. History suggests the headw...

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Oil Price Resilience Pushes RSI Towards Overbought Territory Again

Another move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this year.

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Canadian Dollar Forecast: USD/CAD Bounce from Key Zone - Loonie Levels

USD/CAD has started to show characteristics of a short-term bullish trend, reversing a 14-month sell-off in the pair. Can bulls drive into 1.2500?

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Euro Forecast: EUR/USD Susceptible to Oversold RSI Signal

Another move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in EUR/USD like the behavior seen earlier this month.

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Gold Price (XAU/USD) Continues to Breakdown, Looming US Jobs Data Now Key

Gold’s woes continue as the precious metal struggles to regain any of its recent losses ahead of June’s US ADP jobs report

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DAX 30 Outlook: Bearish Reversal Resumes, Unfazed by Unemployment Drop

European stocks turn negative on the last day of the first semester of 2021

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Euro Latest: EUR/USD Falling to Key Support, Euro Area Inflation Dips

EUR/USD break below 1.1900 opens door to key support. Focus on tier 1 US data.

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US Dollar May Rise if ADP Jobs Data Supports Hawkish Fed Pivot

The US Dollar may extend higher if the ADP gauge of private-sector US jobs growth underpins a cautiously hawkish Fed monetary policy pivot.

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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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British Pound (GBP) Price Outlook: More Losses Likely for GBP/USD

GBP/USD looks to be heading lower near-term as its decline from 1.40 a week ago persists despite signs of a truce in the so-called sausage wars between the UK and the EU.

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Crude Oil Prices Climb Ahead of OPEC+ Meeting, Viral Concern Eases

Crude oil prices held gains on vaccine optimism as traders awaited the OPEC+ meeting for clues about production hikes. API reported a sixth consecutive weekly fall in crude inventories.

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Gold Prices Fall as Moderna Vaccine Optimism Strengthens the US Dollar

Gold prices fell almost 1% on Tuesday as the US Dollar strengthened after Moderna’s Covid-19 vaccine was shown to be effective against the Delta variant. Prices remain fragile ahead of Friday’s non...

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What Does a Forex Spread Tell Traders?

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

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Iron Ore Forecast: Prices May Stay Depressed Despite Upbeat Chinese Manufacturing PMI

Iron ore faces a tough recovery this week despite upbeat Chinese manufacturing PMI figures from the National Bureau of Statistics (NBS).

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Dow Jones Steady as Tech Stocks Rally, Hang Seng May Rebound

The Dow Jones closed modestly higher after a lab report showed Modena’s Covid-19 vaccine is effective against the Delta strain. The Nasdaq 100 hit an all-time high. APAC markets may rebound.

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Euro Stoxx 50 & IBEX 35 Outlook: Recent Rally at Risk as COVID Cases Rise Again

The recent rally in European equity benchmarks is at risk following a rise in new delta-variant COVID cases and fresh travel restrictions.

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Australian Dollar Outlook: Delta Variant Weighs on Outlook, Chinese PMIs on Tap

The Australian Dollar moved lower against the Greenback overnight as investors become increasingly concerned over the spread of the highly transmissible Delta Covid variant. AUD/USD is eyeing Chine...

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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 Looks to ISM Manufacturing for Next Price Action Driver – a Preview

June ISM manufacturing data will be released on Thursday. The results may provide clues about the state of the recovery and guide the near-term trajectory of the S&P 500.

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US Dollar Price Forecast: DXY Breakout on Hold, Awaiting Catalyst

The US Dollar basket is in the midst of a potential longer-term breakout that has stalled as market activity drops. With a recent double bottom formation, the Dollar basket could continue higher if...

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NZD/USD Slips Back Below 200-Day SMA After Snapping Five Day Rally

The rebound from the fresh yearly low (0.6923) may continue to unravel as NZD/USD trades back below the 200-Day SMA (0.7045) after snapping a five day rally.

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Take on Tone of Recovery

Crypto markets are recovering from last week's breakdown move, with both Bitcoin and Ethereum putting in short-term higher-highs and lows.

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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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S&P 500 Rally to Extend on Red-Hot Consumer Confidence Data

The S&P 500 Index is gaining ground during early Tuesday trade with risk appetite looking firm after scorching red-hot consumer confidence data just crossed the wires and topped market forecast.

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USD/JPY Pullback Stalls as More Fed Officials Strike Hawkish Tone

Developments coming out of the US may keep USD/JPY afloat ahead of the NFP report as a growing number of Fed officials show a greater willingness to switch gears.

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Market Sentiment Webinar: Positive for USD, Bullish Signal on AUD/JPY

Trader confidence in more risky assets is ebbing away and the consequent advance in the US Dollar looks to have further to run on concerns about the delta variant of Covid-19.

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US Dollar Rise Maintained, Eyes on Month End Rebalancing

USD keeps on the front foot as bulls probe higher levels. Eyes on month end rebalancing ahead of NFP.

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Gold Price Forecast: XAU/USD Heading for Worst Month Since 2016, Range Trading Ahead of NFP

Gold is back within its April range as momentum builds ahead of NFP Friday

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British Pound (GBP) Price Outlook: GBP/USD Poised to Break Lower?

Amidst a lack of fundamental news to move Sterling, attention will likely be on technicals near-term, and they’re suggesting a possible shift to the downside.

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Crude Oil, Gold, Natural Gas Forecast: Traders Eye US NFP Report and Heatwave

The US non-farm payrolls report (NFP) will likely influence price action in gold and crude oil prices as traders gauge the Fed's policy path. Meanwhile, a heatwave in the country is sending natural...

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Nasdaq 100 Hits Record High, Viral Concerns Weigh on ASX 200

The Nasdaq 100 surged to an all-time high on earnings optimism, outperforming the Dow Jones and S&P 500. Oil dropped while gold held steady. APAC markets look set to trade mixed today.

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Banks Resume Capital Distribution Following Federal Reserve Stress Test Results

Major US banks announced plans to resume and boost their capital distribution programs, with all but Citi electing to boost quarterly dividends.

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Australian Dollar Outlook: Lockdowns Straining AUD’s Path, RBA Outlook

AUD/USD is under pressure as Australia enacts a new round of lockdowns amid worries about the quickly spreading Delta variant of Covid-19. A speech from RBA Governor Philip Lowe is eyed.

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Bitcoin ETF Filing by Cathie Wood’s ARK Faces Regulatory Hurdle

Bitcoin proponent and ARK Invest founder Cathie Wood has requested approval from the SEC to list a Bitcoin ETF, but the cryptocurrency failed to push higher as regulatory hurdles still linger.

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Luckbox Leans In With Stephanie Kelton

Stephanie Kelton is a rarity among scholars of economics. Instead of confining her ideas to a college lecture hall, she’s moved onto the world stage.

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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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Dow Jones & DAX 30 Forecasts for the Week Ahead

The Dow Jones might struggle to regain its footing as investors look to rotate out of value stocks and back into high-growth technology stocks. Meanwhile, the DAX 30 awaits inflation and employment...

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AUD/USD Rate Snaps Five Day Rally with RSI Tracking Downward Trend

The rebound in AUD/USD appears to be stalling after posting its longest stretch of gains since August 2020, with the RSI tracking the downward trend established in May.

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FX Week Ahead - Top 5 Events: Chinese & US Manufacturing PMIs; Eurozone Inflation; US NFP & Unemployment Rate; US Holiday

The final days of June and first days of July bring forth a mixed macro calendar.

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GBP/USD & EUR/USD Longs Capitulate on USD Short Squeeze - COT Report

Euro and GBP feel the bulk of the US Dollar short squeeze.

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US Dollar Technical Forecast: USD in Key Zone, PMI, NFP on Deck

The US Dollar has held on to a large portion of the FOMC-fueled gain, but USD bulls face their first major test in this week's PMI and NFP releases.

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Gold Price Susceptible to NFP Report amid Looming Fed Exit Strategy

The price of gold may face headwinds ahead of the US Non-Farm Payrolls (NFP) report as Fed officials show a greater willingness to scale back monetary support.

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USD/ZAR Forecast: Rand Donates Recent Gains as SA Enters Level 4 Lockdown

South Africa faces renewed lockdown measures, potential turning point for USD/ZAR?

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Australian Dollar Forecast: AUD/USD Consolidating as Key Resistance Holds

AUD reaction to renewed lockdown limited, key US data to driver sentiment this week.

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British Pound Price Outlook: Unfazed by Political Rout, GBP/USD Picking Up Bullish Momentum

GBP/USD is building up to a bullish breakout after bouncing off trendline support

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Crude Oil Prices Hit $74 ahead of OPEC+ Meeting on Demand Optimism

WTI crude oil prices hit fresh two-and-half year highs as the demand outlook strengthens. OPEC+ is planning to raise output at a meeting this week amid tightened market conditions.

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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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Gold Prices Fall After US PCE Data Strengthens Fed Tapering Bets

Gold prices extended lower after US core PCE growth hit the highest level since 1992, reaffirming inflationary pressures. Boston Fed President Eric Rosengren hinted at first rate hike by the end of...

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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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S&P 500 Hits All-Time High, Lifting Hang Seng and ASX 200 Sentiment

Wall Street stocks rallied on Friday despite a moderate pullback in the tech sector. Tesla will recall over 285k cars in China. NBS manufacturing PMI and US nonfarm payrolls data are in focus this ...

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Australian Dollar Forecast: AUD/USD Takes Hit on New Covid Lockdowns

AUD/USD is under pressure as Australia enacts a new round of lockdowns amid worries about the quickly spreading Delta variant of Covid-19. A speech from RBA Governor Lowe is eyed.

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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 Jones, US Dollar, Non-Farm Payrolls, Crude Oil, OPEC+

Market sentiment is mending again, with the Dow Jones, DAX 30 and CSI 300 on the rise despite Fed tapering bets being brought forward. The US Dollar is eyeing non-farm payrolls data. Crude oil pric...

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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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Dow Jones & DAX 30 Forecasts for the Week Ahead

The Dow Jones might struggle to regain its footing as investors look to rotate out of value stocks and back into high-growth technology stocks. Meanwhile, the DAX 30 awaits inflation and employment...

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What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

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Mexican Peso Forecast: USD/MXN Balance of Risks Appears Tilted to the Downside

The possibility of Banxico embarking on an aggressive tightening cycle and positive risk sentimentshould drive USD/MXN lower in the near term, with the 2021 low being the immediate focus.

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Euro Forecast: Inflation Data May Prompt Fall in EUR/USD Price

EUR/USD has been on a roller coaster ride over the past fortnight; its next move could be lower, triggered by the coming week’s Eurozone inflation numbers.

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

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

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Gold Weekly Forecast: XAU/USD Performance Contingent on NFP Data

Gold is back within its April range as investor’s try and balance inflation data

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Crude Oil Price Outlook: OPEC+ Meeting, Iran Talks In Focus

Crude oil price outlook for the week ahead is juxtaposed by the prospect of OPEC+ boosting production and Iran nuclear deal discussions being delayed. Where is the commodity headed next?

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The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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US Dollar Hit with Dovish Fed Rhetoric Ahead of NFP Report

Fresh data prints coming out of the US may prop up the Dollar as Non-Farm Payrolls (NFP) are expected to increase for the sixth consecutive month.

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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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Bitcoin (BTC), Ethereum (ETH) Slump Going Into a Potentially Volatile Weekend

The cryptocurrency is a sea of red again and has given back nearly all of this week’s mini-rebound. Weekend volatility could see more losses.

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Australian Dollar Outlook: AUD/USD, S&P 500, Chinese Stocks Rise. Fedspeak, NFPs Eyed

The Australian Dollar recovered with the S&P 500 and Shanghai Composite. Was it another overreaction to the Fed? AUD/USD turns to RBA Governor Philip Lowe, Fedspeak and US NFPs next.

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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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GBP/USD Weekly Forecast: Awaiting US NFP to Dictate GBP/USD Outlook

GBP/USD bulls caught out by wait and see BoE, while 1.4000 caps GBP rallies.

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Bitcoin (BTC), Fed Speak & S&P 500 (SPX) – FinTwit Trends to Watch

FinTwit continues its focus on Bitcoin (BTC), the Fed and SPX after key announcements from key financial market players as well as additions from the political front causing notable changes in the ...

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NZD/USD Climbs Back Above 200-Day SMA as Bullish Price Series Persists

NZD/USD may stage a larger rebound over the remainder of the month as it extends the bullish price series from the start of the week to climb back above the 200-Day SMA.

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Crypto Outlook: Bitcoin (BTC) Faces Significant Headwinds, Ethreum (ETH) Sticks to Descending Trendline

Cryptocurrencies continue to struggle as sentiment is far from robust

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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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Canadian Dollar Forecast: USD/CAD Pullback From Peak Hinges on OPEC Meeting

USD/CAD pullback from peak, oil prices underpin Loonie. Eyes on OPEC meeting.

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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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British Pound (GBP/USD) Struggling to Regain Trend Support, US Inflation Data Nears

GBP/USD currently trades either side of 1.3900 after yesterday’s neutral Bank of England meeting left hawks mildly disappointed.

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Gold Prices May Fall as US PCE Data Stokes Fed Rate Hike Bets

Gold prices may resume last week’s violent selloff if the US PCE inflation gauge overshoots forecasts, reviving accelerated Fed rate hike speculation.

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The Most Volatile Currency Pairs and How to Trade Them

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.

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Crude Oil Prices at Risk as Chart Setup Hints at Fading Momentum

Crude oil prices may turn lower as technical positioning warns that upside momentum may be fading. May’s US PCE report is focus as Fed policy speculation continues to swirl.

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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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Dow Jones Rebound May Lift Sentiment for Nikkei 225 and ASX 200

Wall Street stocks rallied following the approval of a $579 billion infrastructure deal. The S&P 500 and Nasdaq 100 both hit all-time highs. Asia-Pacific markets may follow a positive lead and trad...

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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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New Zealand Dollar Forecast: Improved Trade Balance, Westpac OCR Update to Lift NZD?

New Zealand reported positive trade data for May as the New Zealand Dollar gained against the US Dollar following a technical victory overnight.

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Canadian Dollar Price Outlook: Will USD/CAD Resume its Rally?

The Canadian Dollar has recovered lost ground against its USD peer over the last few trading sessions, but the Loonie might weaken again with USD/CAD looking like it wants to head higher.

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Major Banks Pass Fed Stress Test With Flying Colors, Paving the Way for Dividends and Share Buybacks

The Federal Reserve released stress test results for major US financial institutions on Thursday, with banks showing strong health and sufficient capitalization.

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How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

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Nasdaq 100 Outpaces Dow Jones as Reflation Trade is Put on Pause

High-growth technology stocks listed on the Nasdaq 100 look to be back in the driver’s seat as the popular reflation trade loses steam and drags the Dow Jones lower.

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Mexican Peso Gains on Banxico’s Rate Hike Surprise and Hawkish Shift, USD/MXN Sinks

Banxico surprises investors and raises its overnight interest rate by 25 basis points to 4.25%, causing the Mexican peso to rise sharply against the dollar.

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S&P 500 Leaps to All-Time High on Infrastructure Agreement

The S&P 500 Index is extending its rally to fresh all-time highs as stocks advance further on the session in response to President Biden announcing a bipartisan infrastructure deal has been reached.

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Gold Price Forecast: Gold Grasps at Fibo Support but Sellers Vigilant

Gold prices took a massive hit last week, but the sell-off stopped at a big spot of support. Sellers, however, haven't yet let up as a short-term range has built.

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Oil Price Outlook Hinges on OPEC JMMC Meeting

The price of oil may face headwinds ahead of the OPEC JMMC meeting on July 1 as the group appears to be on track to restore production throughout the rest of the year.

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GBP/USD Drops as BoE Disappoints Calls for Hawkish Surprise

BoE leaves policy unchanged as expected. 8-1 vote split disappoints GBP bulls looking for a hawkish surprise.

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EUR/USD Finding Short-Term Resistance Tough to Break, US Data to Drive the Next Move

EUR/USD is struggling to pull back recent losses and further lows may be on the horizon if US data shows inflation becoming increasingly sticky

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FTSE 100 Outlook: Trendline Support Becomes Resistance as Momentum Shifts

The FTSE 100 falls below key resistance as bearish pressure increases

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Bank of England Preview: How Will the Pound (GBP) React?

BoE to maintain policy settings, while risks lean towards a more hawkish statement.

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US Dollar (USD) Price Outlook: Friday's US Inflation Data to Determine Next Move

The US Dollar will likely trade narrowly ahead of Friday’s US core PCE data, the Fed’s favorite measure of inflation, which will likely determine the next major move for the currency.

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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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Natural Gas Forecast: Prices Rise as US Heat Wave Drives Demand Narrative

Natural gas prices have recaptured a key trendline after a major heatwave sent energy demand in the United States soaring.

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Top 10 Candlestick Patterns To Trade the Markets

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

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Gold, Crude Oil Price Forecast: Fed Narrative May be Challenged on US PCE, Durable Goods

Gold and crude oil prices may see volatility in the days ahead with several potentially high-impact events on tap, with PCE looking to cap off the week.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The June FOMC is in the rearview mirror, and Fed policymakers are attempting to shape the narrative around what exactly normalization means.

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S&P 500 Retreats as Investors Mull Tapering, Hang Seng and ASX 200 May Fall

The S&P 500 index pulled back slightly as several Fed officials gave hawkish signals. The 2-year Treasury yield climbed to a 14-month high. APAC markets opened mixed.

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Bitcoin (BTC) Analysis: Dead Cat Bounce After Death Cross, or New Bull Market?

The formation of a “Death Cross” on Bitcoin’s daily chart paints a bleak picture for the cryptocurrency, following a test of yearly lows around $28,800.

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New Zealand Dollar Forecast: NZD/USD Testing Key Moving Average as Price Rebounds

The New Zealand Dollar is on track to record a third consecutive daily gain against the US Dollar despite Fed tapering fears driving the US Dollar broadly higher. Traders are shifting focus to the ...

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GBP/USD Price Outlook: Pound Sterling Eyes BoE Rate Decision

GBP/USD price action in focus with overnight implied volatility readings elevated as markets await event risk posed by the Bank of England rate decision scheduled for Thursday, 24 June at 11:00 GMT.

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Nasdaq 100 Outpaces Dow Jones as Reflation Trade is Put on Pause

High-growth technology stocks listed on the Nasdaq 100 look to be back in the driver’s seat as the popular reflation trade loses steam and drags the Dow Jones lower.

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Bank of England Preview: How Will the Pound (GBP) React?

BoE to maintain policy settings, while risks lean towards a more hawkish statement.

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EUR/USD Rate Rebound Pulls RSI Out of Oversold Territory

EUR/USD may stage a larger rebound over the remainder of the week as the RSI bounces back from oversold territory to indicate a textbook buy signal.

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Manufacturing Activity Surges to a Record High, but Services PMI Cools, US Dollar Retreats

June Manufacturing activity jumps to a record high of 62.6 from 62.1 in May whileServices PMI slows down to 64.8 from 70.4 in the previous month.

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Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook

What do the non-major EUR-crosses tell us about market sentiment?

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British Pound (GBP) Price Outlook: GBP/USD to Benefit from UK PMIs

GBP/USD continues to edge higher ahead of Thursday’s announcement by the Bank of England’s monetary policy committee and could touch 1.40 after broadly positive UK PMI data.

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S&P 500 Forecast: U.S. Tech Stocks Gain as Powell Appeases Markets

This week has been positive for the S&P 500 and U.S. equities in general with additional stimulus coming from Fed speakers downplaying inflationary pressure and easing hype around last weeks hawkis...

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Australian Dollar Price Outlook: AUD/USD Attempts Recovery Above 0.7555

AUD/USD attempts to hold gains above 0.7555 as momentum consolidates

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Gold Price Outlook - Tepid Recovery Off Important Support Remains Under Pressure

Gold bounced off an important support level at the end of last week but the pull-back remains unconvincing

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Euro Latest: EUR/USD Upside Faces Tough Resistance, PMIs Mixed

Hurdles remain for EUR/USD. Euro Area PMIs unlikely to alter the outlook for EUR/USD.

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Crude Oil Prices Climb as OPEC+ Plans August Output Hikes, Stockpiles Fall

Crude oil prices traded higher on recovery optimism as OPEC+ planned to further lift production cuts in August to meet rising fuel demand. API reported a larger-than-expected fall in crude inventor...

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Natural Gas Forecast: Prices Rise as US Heat Wave Drives Demand Narrative

Natural gas prices have recaptured a key trendline after a major heatwave sent energy demand in the United States soaring.

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Dow Jones May Lead Nikkei 225 Higher as Tapering Fears Ease

Wall Street stocks welcomed Fed Chair Jerome Powell’s dovish speech and closed higher. The Nasdaq 100 hit an all-time high. Asia-Pacific markets may follow a positive lead. The US Dollar retreated.

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Australian Dollar Forecast: Flash PMIs Ease With RBA Talks in Focus

The Australian Dollar's rebound may have gained another tailwind after a positive flash PMI report from IHS Markit, although the readings eased from May. RBA Assistant Governor Ellis will speak today.

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US Dollar Outlook: DXY Slides During Powell's Fed Testimony

The DXY Index hits session lows as the US Dollar slips broadly with Fed Chair Powell vowing to not preemptively raise interest rates at his congressional testimony.

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Bitcoin (BTC/USD) Breaches, Reclaims $30k in a Wild Day for Crypto

Bitcoin (BTC/USD) prices plummeted through 30k for the first time since January, but bulls reacted in a big way as BTC has went green on the day.

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Stock Market Forecast: Amazon's Prime Day is Making Retailer History

Amazon is making history with its Prime Day event that has seen company sales surpass totals tallied on Black Friday and Cyber Monday combined. Can Amazon reel in massive profits again this year?

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Gold Price Forecast: Is XAU/USD at Risk of Further Losses?

Gold suffered a cataclysmic breakdown last week following the June FOMC meeting and has been unable to arrest the decline. With key support broken and Dollar strength on the horizon, gold could suf...

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The Most Volatile Currency Pairs and How to Trade Them

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.

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US Dollar Technical Analysis: USD Grasps for Higher-Low Support

The US Dollar put in an aggressive spike last week. And so far this week, that strength has largely remained. Powell is on deck, ahead of a chorus of Fed speakers this week.

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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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USD/CAD to Stage Larger Correction on Another Overbought RSI Reading

USD/CAD may stage a larger correction over the remainder of the month as the Relative Strength Index (RSI) appears to be on track to indicate another overbought reading.

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Crypto Falling Knives: BTC Below 30k, ETH Below 2k, Doge Plays Dead

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EUR/GBP Price Action Set-Ups Ahead of BoE Rate Decision

The EUR/GBP currency pair continues to consolidate near the lower end of the trading range ahead of UK PMI data and BoE rate decision

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Sentiment Data Send Bearish Signal on USD/JPY as Uptrend Persists | Webinar

IG client positioning data are sending out a bearish signal for USD/JPY even though the pair continues to trend higher.

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US Dollar Shorts Damaged, GBP Bulls Eye EUR/GBP Pullback - COT Report

USD shorts wrongfooted by hawkish Fed. JPY short squeeze. GBP bulls look to fade EUR/GBP recovery

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Gold Price Outlook: XAU/USD To Gain on Dovish Fed Speeches

Gold prices resume pullback ahead of Powell’s speech later this evening

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Canadian Dollar Technical Pattern Forming, Hints at a Bullish USD/CAD Continuation

A ‘cup and handle’ formation is being made on the USD/CAD daily chart suggesting higher prices may be seen in the future

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British Pound (GBP) Price Outlook: Mildly Positive Ahead of BoE Meeting

Several factors could help GBP/USD modestly over the next couple of days but no significant move is likely ahead of the Bank of England’s policy meeting Thursday.

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What Does a Forex Spread Tell Traders?

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

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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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Gold, Crude Oil, Copper Forecast: Markets Recalibrating After FOMC Week

Increased rate bets following June's FOMC rate decision roiled markets, including commodities. Crude oil received a boost on Iran's election, while gold and copper look to incoming inflation data o...

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Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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Nasdaq 100 Rebounds as Tapering Fears Ease, Hang Seng and ASX 200 Climb

The Nasdaq 100 rebounded as Fed Chair Jerome Powell’s comments soothed market fears about tapering. This may set a positive tone for APAC trade. Bitcoin tumbled after China intensified a crackdown ...

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US Dollar Forecast: Fed Offers Best Week in Months, Pressuring SGD, THB, IDR, PHP

The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data.

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NZD/USD Rebound May Extend on Q2 Consumer Confidence Amid Shaky Global Sentiment

The New Zealand Dollar rebounded overnight following a sharp weekly decline against the US Dollar. An upbeat Westpac consumer confidence print may help the Kiwi Dollar extend gains.

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Banxico Expected to Keep Rates at 4%, but a Hawkish Pivot May Support the Mexican Peso

Banxico will announce its June monetary policy decision on Thursday. No change in interest rates is expected, but the central bank could adopt a more hawkish forward guidance.

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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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Stock Market Forecast: Amazon's Prime Day is Making Retailer History

Amazon is making history with its Prime Day event that has seen company sales surpass totals tallied on Black Friday and Cyber Monday combined. Can Amazon reel in massive profits again this year?

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AUD/USD Rebounds From Fresh 2021 Low with RSI Buy Signal Taking Shape

AUD/USD bounces back from a fresh 2021 low (0.7477), with the RSI indicating a textbook buy signal as it rebounds from oversold territory and climbs back above 30.

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Canadian Dollar Forecast: USD/CAD Surge Pulls Back - Loonie Levels

After showing one of the cleanest USD trends coming into June, USD/CAD has reversed aggressively as the Fed took on a less dovish tone. Do USD/CAD bulls have more room to run?

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USD/JPY Reverses Ahead of 2021 High with US PCE Price Index on Tap

USD/JPY appears to have reversed course ahead of the 2021 high (110.97) as the exchange rate carves a series of lower highs and lows from the June high (110.82).

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USD/ZAR Forecast: SA Rand Pulling Back After Hawkish Fed Scare

The rand is slowly clawing back lost gains after last weeks poor performance against the dollar. This being said, was last week an overreaction to the Fed announcement or will the ZAR continue it’s...

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Euro Latest: EUR/USD Recovery Faces Hurdle, Powell Risk Ahead

Fallout from the FOMC’s Hawkish Surprise Continues to Reverberate Around the Market.

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Bitcoin (BTC), Ethereum (ETH) Sell-Off Accelerates Into Support, Crypto Market a Sea of Red

The weekend sell-off continues today as the cryptocurrency market crumbles with double-digit losses seen across the board

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DAX 30 Outlook: Looking for New Trend as Economic Recovery Stabilizes

European stocks continue their pullback as inflation expectations weaken on hawkish Fed projections

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British Pound (GBP/USD) Breaks Supportive Trendline Ahead of Bank of England (BoE) Meeting

GBP/USD has broken below a multi-month supportive trendline, hitting a two-month low.

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Crude Oil Prices Rise as Iran Nuclear Talks Yield No Progress

WTI crude oil prices extended higher as nuclear talks between world powers and Iran yielded little progress. Prices are also buoyed by demand optimism and tight supply conditions.

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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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Gold Prices Vulnerable to Further Losses as Tapering Fears Intensify

Gold prices paused a six-day decline and stabilized near $1,770 – a chart support level. The US Dollar retreated slightly. Concerns surrounding the Fed tapering stimulus may weigh on the precious m...

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US Dollar Forecast: Fed Offers Best Week in Months, Pressuring SGD, THB, IDR, PHP

The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data.

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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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Dow Jones, Nikkei 225, ASX 200 Outlook: Tapering Fears Hurt Sentiment

Wall Street stocks pulled back broadly on Friday after St. Louis Fed President James Bullard hinted that an initial interest rate hike may take place as soon as in late-2022. The US Dollar rallied ...

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Australian Dollar Forecast: Retail Sales Data May Interrupt Post-FOMC AUD Drop

The Australian Dollar is coming off its worst weekly performance against the US Dollar since September 2020 following a hawkish Fed signal. Will strong retail sales data stop the drop?

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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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Weekly Fundamental Gold Price Forecast: The Tides Have Turned

Tough sledding ahead for gold prices.

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Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs

Markets were roiled by a wave of volatility following the Fed last week. The Dow Jones and gold prices plunged while the US Dollar surged. What's in store for GBP/USD with PMIs and the BoE on tap?

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Mexican Peso Weekly Forecast: USD/MXN Charges Higher

USD/MXN breaks several resistance levels as the USD rally extends further

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Trading Earnings Season: 3 Steps for Using Earnings Reports

Read on for our 3 steps to follow when using earnings reports for trading.

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Euro Forecast: Time to Turn Bearish on Long-Term EUR/USD Price Outlook

Last week’s updated Federal Reserve dot plot, suggesting two US interest rate increases in 2023, could be a game-changer for EUR/USD. Strategically, a long-term trend lower may have now begun.

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Crude Oil Price Forecast: Bullish Scenario Remains Intact amid Strengthening Demand

Although the Fed hawkish bias has caused some reflationary position unwinding and anxiety about the outlook for commodities, the fundamental picture for oil has not changed and remains bullish.

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US Dollar Outlook: A hawkish Fed Pivot – Is the USD Rally Transitory?

USD soars following hawkish Fed, rally looking overextended however.

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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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Bitcoin (BTC): Short-Term Support Under Threat as Positive Sentiment Wanes

A short-term ascending channel is under threat after Bitcoin’s first attempt to break through a stubborn resistance zone failed

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Australian Dollar Outlook: Hard Fight Ahead Against FOMC-Charged US Dollar

The Australian Dollar sank against the US Dollar after the FOMC sent a hawkish policy signal. AUD/USD faces a new headwind in the form of a charged US Dollar.

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Bitcoin Price Stalls at Resistance - Can BTC Avoid Range-Bound Trading?

Bitcoin trades between two major technical levels as price action threatens range-bound trading.

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British Pound Outlook: GBP/USD Clears May Low Ahead of BoE

The Bank of England (BoE) interest rate decision may do little to sway GBP/USD as the central bank is widely expected to retain the current course for monetary policy.

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Surveying the Amazon

In May, Investor's Business Daily and TechnoMetrica collaborated on a big tech poll (IBD/TIPP). So, Luckbox conducted a survey of its own.

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Amazon Primeval

As the company extends its reach into nearly every aspect of American life, it is trying to shift the conversation away from antitrust.

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Bitcoin (BTC), The Fed & S&P 500 (SPX) – FinTwit Trends to Watch

This week FinTwit was overflowing as the U.S. Federal Reserve provided a surprise. The two darlings of the last few years (Bitcoin and the S&P 500) have taken a hit as a possible shift in policy lo...

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Stock Market Forecast: Amazon's Prime Day is Making Retailer History

Amazon is making history with its Prime Day event that has seen company sales surpass totals tallied on Black Friday and Cyber Monday combined. Can Amazon reel in massive profits again this year?

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EUR/USD Faces First Oversold RSI Reading Since February 2020

Recent developments in the RSI warn of a further decline in EUR/USD as the indicator pushes into oversold territory for the first time since February 2020.

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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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S&P 500 Risking a Pullback in the Week Ahead

S&P 500 seasonals and risk barometer pointing to a pullback for the week ahead.

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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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Canadian Dollar Outlook - USD/CAD Surge Now Hitting Extreme Levels

The sharp USD/CAD rally has now pushed the pair into extreme overbought territory according to one technical indicator

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

The Rand has been hampered this week after the Fed’s hawkish jolt bolstered the U.S. dollar. As we look to close out Q2, will the ZAR be able to hold on as the best performing EM year-to-date?

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British Pound Price Outlook: GBP/USD Extends Pullback as Retail Sales Disappoint

GBP/USD continues to slide as the US Dollar attracts further bullish momentum

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Gold Prices May Bounce as Markets Digest Fed Policy Pivot

Gold prices may find a lifeline after suffering brutal losses in the wake of a momentous Fed policy pivot as traders ponder scope for rate hikes even as the timing quickens.

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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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Japanese Yen Forecast: Bank of Japan Extends Easy Policy, USD/JPY Unfazed

The Japanese Yen was largely unchanged following the Bank of Japan’s (BoJ) latest policy decision. Policymakers kept the super easy policy in place as Japan lags in its efforts to fight the pandemic.

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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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Dow Jones, Nasdaq 100 Outlook: Reflationary Trade Dissipating, Nikkei 225 Eyes BoJ

The Dow Jones is back to underperforming the Nasdaq 100 as long-run US inflationary bets fade after the Fed. Ahead, the Nikkei 225 is eyeing the BoJ as the ASX 200 appears toppy.

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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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Australian Dollar Sinks Alongside Commodity Prices as Post-FOMC USD Run Continues

The Australian Dollar is down, and maybe out for a while after the FOMC-induced US Dollar surge. The Greenback's strength is also spilling over into the commodities market where lumber prices conti...

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Gold Price to Recover if Fed Rate Hike Risk & USD Strength Ebb

Gold price action has plunged over -5% so far this week. Can XAU/USD stage a rebound or will the hawkish Fed dot plot and corresponding US Dollar strength continue to weigh on the precious metal?

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USD/JPY Fails at Resistance and Pivots Lower, but the Underlying Trend Remains Bullish

USD/JPY turns lower after colliding with a key technical resistance area, but the dollar bias remains positive post-Fed.

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Bitcoin Price Stalls at Resistance - Can BTC Avoid Range-Bound Trading?

Bitcoin trades between two major technical levels as price action threatens range-bound trading.

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AUD/USD Rate Slips Below 200-Day SMA for First Since June 2020

AUD/USD appears to be on track to test the yearly low (0.7532) as the exchange rate slips below the 200-Day SMA (0.7548) for the first time since June 2020.

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Dow Jones Price Falls to Key Trendline as Fed Enters Taper Talk Window

The Dow Jones is at risk of a major breakdown after a slightly hawkish Federal Reserve sent stocks lower. Should price pierce the trendline, the Industrial Average could fall further in the days ah...

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Euro Technical Analysis: EUR/USD, EUR/JPY, EUR/GBP

The Euro put in a big move yesterday on the back of the FOMC rate decision, but which markets are primed for fading that move and which are showing potential new trends?

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Gold Price Vulnerable Following FOMC as RSI Approaches Oversold Zone

A move below 30 in the RSI is likely to be accompanied by lower gold prices like the behavior seen in March.

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South African Rand (ZAR) Overview: Post FOMC Round Up

A more hawkish stance of FOMC members coupled with SA’s new stricter lockdown regulations buoy USD/ZAR pullback

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Canadian Dollar Forecast: USD/CAD Rips Higher - Further Gains Ahead?

USD/CAD corrects higher on hawkish Fed, positioning may fuel further rise.

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Fed Meeting Aftermath: Equities Lower, Bond Yields Stable Despite Rate Hike Projections

The Dow Jones leads global equities lower as the FTSE 100 takes the biggest hit in Europe

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EUR/USD Breaks Down to a Two-Month Low as US Dollar Bulls Charge

The Euro is back at lows last seen in mid-April against a resurgent US dollar after Wednesday’s FOMC meeting left US dollar bulls empowered

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British Pound (GBP) Price Outlook: GBP/USD Lurches Lower, Start of a New Downtrend?

GBP/USD has broken below support from a trendline connecting the higher lows of an upward-sloping channel in place since March 2020.This could mark the start of a new trend lower.

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US Dollar Aims to Extend Fed-Inspired Rise, Eyes Yellen Testimony

The US Dollar aims to extend higher having roared to life in the wake of a momentous Fed policy meeting. Testimony from Treasury Secretary Yellen is now in focus.

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Crude Oil Prices Pull Back as USD Gains, But Uptrend Remains Intact

Crude oil prices retreated from recent highs as the Fed’s hawkish signals propelled the US Dollar, weighing on commodity prices. The demand outlook remains bright after inventories fell the most in...

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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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Gold Price Forecast: FOMC Tanks Gold but Fed Patience Key for XAU Recovery

The FOMC decision tanked gold after bond bears drove Treasury yields higher on a less dovish Fed. However, the central bank remains patient, which may help gold as bond markets stabilize.

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Australian Dollar Outlook: AUD/USD Looks to Rebound After Blowout Jobs Data

Australian employment data blew consensus forecasts out of the water on Thursday, highlighting the strength of the country’s recovery.

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S&P 500 May Lead Hang Seng and ASX 200 Lower as Fed Gives Hawkish Signal

The S&P 500 index pulled back as the Fed’s dot plot signaled two rate hikes are likely by the end of 2023. The US Dollar index surged, weighing on commodity prices. APAC stocks may follow lower at ...

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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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New Zealand Dollar Forecast: Upbeat GDP Revives NZD/USD After FOMC Drop

The New Zealand Dollar rebounded on upbeat gross domestic product (GDP) figures following a sharp turn lower from FOMC-induced Greenback strength.

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Brazil Central Bank hikes Selic Rate to 4.25%, Hawkish Bias May Boost the Brazilian Real

Brazil's Central Bank raises its benchmark interest rate by 75 basis points to 4.25% and signals another rate hike of the same magnitude for its next monetary policy meeting.

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Dow Jones Price Falls to Key Trendline as Fed Enters Taper Talk Window

The Dow Jones is at risk of a major breakdown after a slightly hawkish Federal Reserve sent stocks lower. Should price pierce the trendline, the Industrial Average could fall further in the days ah...

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USD/ZAR Forecast: Fed Hawkish Surprise Depresses Rand Gains

The Federal Reserve interrupted markets today with a slightly more hawkish tone than previously expected. This pushed USD/ZAR to levels last seen in may but will the Rand pull back lost gains as ma...

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US Dollar Strength Might Fade as Powell Downplays Fed Dot Plot

The US Dollar is trading sharply higher in the wake of the latest Federal Reserve announcement, but Fed Chair Powell's dovish downplay of upgraded dot plot projections could see USD strength fade.

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Oil Price Rally Eyes 2018 High as RSI Pushes Into Overbought Territory

The overbought reading in the Relative Strength Index (RSI) may continue to be accompanied by higher crude oil prices like the behavior seen earlier this year.

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US Dollar, Yields Surge as Fed Brings Forward Taper Timeline

The US Dollar is spiking higher alongside Treasury bond yields as markets react to the latest Fed announcement, which shows two interest rate hikes penciled in the dot plot by the end of 2023.

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Gold Price Forecast: XAU Pullback Ahead of FOMC - GLD Levels

Gold prices have pulled back from the bull flag breakout, and are now sitting on a massive spot of support ahead of the FOMC.

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EUR/USD Rate Bounces Back From 50-Day SMA Ahead of FOMC Rate Decision

EUR/USD bounces back from the 50-Day SMA (1.2104) ahead of the Fed rate decision, with the central bank expected to retain the current course for monetary policy.

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FOMC Event Risk: How Will the Market React

Federal Reserve the main event of the week. Dot plots, Fed statement and Powell press conference in focus.

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EUR/GBP Price Forecast - Rangebound For Now But Support May Soon be Tested

EUR/GBP remains stuck in a rut but the recent series of lower highs suggests buyers are running out of steam

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US Dollar Setup: USD/CAD, USD/JPY, EUR/USD Ahead of FOMC

The US Dollar is holding range as investors await Fed’s views on rising prices

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Crude Oil Price Outlook: Strength to Persist as Global Economy Expands

The price of Brent crude oil has hit its highest level since April 2019 and is well placed to advance further although, as ever, prices could consolidate first.

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Chinese Yuan (CNH) Muted While China's Economic Recovery Slows

Softer than expected economic data reinforces view that the Chinese economic recovery is slowing.

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British Pound (GBP/USD) Boosted As UK Inflation Beats Expectations

GBP/USD moved back towards 1.4100, despite a robust US dollar, after the latest UK inflation report showed price pressures continuing to build.

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Gold Prices Extend Lower as Traders Eye FOMC For Tapering Clues

Gold prices fell for a fourth day and broke a key chart support ahead of the FOMC meeting. Uncertainties surrounding the Fed’s timeline for tapering stimulus weighed on bullion and risk assets.

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Swiss Franc Technical Forecast: USD/CHF, EUR/CHF, CHF/JPY Charts to Watch

The Swiss Franc has seen a bout of strength in recent months against several peer currencies. Here are technical levels to watch in USD/CHF, EUR/CHF, and CHF/JPY.

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Crude Oil, USD/RUB Outlook : WTI Rising Before Fed, Biden-Putin Summit Volatility Risk

WTI continues to soar higher as global demand continues to outpace supply. Higher oil prices are strengthening the Russian Ruble ahead of the G7 meeting between Putin and Biden.

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Dow Jones Retreats Ahead of FOMC, Nikkei 225 and ASX 200 Open Lower

Wall Street stocks were trading in a cautious mood on Tuesday as investors weighed disappointing retail sales data ahead of the FOMC meeting. Asia-Pacific markets may follow lower. Crude oil advanced.

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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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New Zealand Dollar Faces Pressure After Widening Current Account Deficit

The New Zealand Dollar may face some additional pressure following the island-nation's current account deficit widening. Kiwi Dollar traders are looking ahead to tomorrow's GDP figures.

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US Dollar Outlook: USD Volatility to Rise with Fed Decision Due

US Dollar volatility is likely to accelerate during Wednesday's trading session with the Federal Reserve set to release its latest monetary policy update. How might the Fed decision impact USD pric...

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Brazilian Real Outlook: FOMC, COPOM Could Set the Tone for USD/BRL Near Term

Key monetary policy decisions in the US and Brazil on Wednesday could boost USD/BRL volatility and pave the way for the next major move in price action.

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Gold Price Retreats to Support Ahead of Pivotal FOMC Meeting

Gold sought out support this week as the precious metal looks to consolidate weeks of gains ahead of an all-important FOMC meeting. Despite an encouraging technical outlook, the Fed may decide gold...

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NZD/USD Rate to Face FOMC Rate Decision, NZ GDP Report

NZD/USD is likely to face increased volatility over the next 24-hours with both the FOMC rate decision and New Zealand’s GDP report coming into focus.

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

The big meeting is here and the USD is bouncing ahead of the statement. Might Dollar bulls get some room to run here?

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USD/JPY Eyes June High Ahead of FOMC amid Recovery in US Yields

USD/JPY approaches the monthly high (110.33) as longer-dated US Treasury yields recover ahead of the Federal Reserve interest rate decision.

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Australian Dollar Forecast: AUD/USD Dragged Down by Copper Correction

AUD sentiment softens ahead of FOMC. Copper in correction territory.

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Market Sentiment Data Negative for CHF, Neutral for CAD, Gold | Webinar

IG client sentiment data are sending no clear signals on two of the most popular assets with traders currently, the Canadian Dollar and gold, but suggest taking bearish positions in the Swiss Franc.

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DAX 30, IBEX 35 Outlook: Path of Least Resistance Ahead of Fed Meeting

European stocks are drifting higher ahead of the Federal reserve meeting tomorrow

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Gold Price Outlook - Struggling to Pull Back Losses as FOMC Meeting Looms

Gold is finding it difficult to recoup recent losses after breaking below the multi-week bull channel yesterday

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British Pound (GBP) Price Outlook: GBP/USD Range Trading to Persist Ahead of UK CPI

GBP/USD will continue to trade sideways before and after UK inflation data due Wednesday ahead of the US Federal Reserve’s announcement of its decisions on US monetary policy later in the day.

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US Dollar May Extend Gains vs. Euro, Retail Sales and PPI Data Eyed

The US Dollar may continue to push higher against the Euro amid speculation about tapering Fed stimulus after EUR/USD made good on bearish technical cues.

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British Pound (GBP) Latest: GBP Underpinned by Robust Jobs Report

UK jobs report shows signs of an improvement. However, price action in GBP likely muted until FOMC.

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Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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Gold Price Outlook: XAU/USD Top in Play as 10-Year Treasury Yield Rebounds?

Gold prices weakened as the 10-year Treasury yield gained. As US retail sales and PPI data loom, XAU/USD could be vulnerable to a top after a key trendline was taken out.

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Crude Oil Forecast: Price Eyes 2018 High as Air Travel Boosts Bullish Narrative

Crude oil prices moved above $71.00, eyeing the October 2018 high as increased air travel amid economic reopenings boosted the picture for demand.

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Nasdaq 100 Hits All-Time High, Hang Seng and ASX 200 May Follow

The Nasdaq 100 rallied 0.93% and closed at a record on Monday, setting a positive tone for Asia-Pacific markets at open. The RBA meeting minutes and US retail sales data will be in focus today.

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AUD/USD Eyes RBA Minutes After Iron Ore Rally Fails to Lift Aussie Dollar

The Australian Dollar may be set for movement on today's RBA meeting minutes after rising iron ore prices failed to help bolster AUD/USD.

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GBP/USD Eyes Trend Support as US Dollar Awaits Fed Dot Plot

GBP/USD price action has drifted lower with UK covid cases back on the rise, but the cable's direction likely hinges on how the US Dollar responds to the Fed dot plot update and threat of tapering.

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FX Week Ahead - Top 5 Events: Fed Meeting; US Retail Sales; Canadian & UK Inflation Rates; Australian Jobs Report

The third week of June brings forth a saturated macro calendar.

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

The US indices await the June Fed meeting for clarity on economic projections, the state of inflation and the probable path of monetary policy. With much on the line, the event could revive volatil...

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AUD/USD Rate Stuck in Defined Range Ahead of Fed Meeting

The Federal Reserve rate decision is likely to sway the near-term outlook for AUD/USD as the central bank is slated to update the Summary of Economic Projections (SEP).

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How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

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Has Bitcoin Bottomed? PTJ Makes Crypto Bull Case (Again)

Bitcoin (BTC/USD) put in a fresh higher-high this morning as a couple of high-profile market participants added some supportive commentary on the matter.

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Consumer Inflation Expectations Hit 4%, Dollar Unmoved as Traders Eye the Fed Meeting

Consumer inflation expectations in the U.S. rise to 4% in May from 3.4% in April, reaching its highest level since 2013, but fail to spur volatility in the dollar.

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Euro Technical Analysis: Losing Steam Ahead of FOMC - Levels for EUR/GBP, EUR/JPY, EUR/USD

The Euro has not made much progress in June and may be nearing a short-term inflection point as a result.

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USD/CAD Clears June Opening Range with FOMC Rate Decision on Tap

USD /CAD may attempt to test the May high (1.2352) if the Federal Open Market Committee (FOMC) shows a greater willingness to switch gears later this year.

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Markets Week Ahead: Nasdaq, Dow Jones, US Dollar, Fed, Gold, Crude Oil, Yen, BoJ

Traders rotated back into the Nasdaq Composite as it outperformed the Dow Jones. Inflation expectations and Treasury yields are falling ahead of the highly-anticipated Fed. Highlights next week inc...

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US Dollar Short Squeeze, GBP/USD Fights for Support, USD/CAD Bottom?

G10 FX ranges facing a test after USD short squeeze. All eyes on FOMC.

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Bitcoin (BTC/USD) Rallies Towards $40,000 as Elon Musk Tweet Fuels Positive Sentiment

Bitcoin rallied the best part of 10% over the weekend after Elon Musk said that Tesla would, conditionally, allow Bitcoin transactions in the future

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USD/ZAR Forecast: Rand Traders Tentative Ahead of U.S. Economic Data

Rand traders look forward to the FOMC meeting outcome later this week with USD/ZAR opening the week marginally stronger. Rand analysis points to short-term bullishness as we head into Q3.

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What Does a Forex Spread Tell Traders?

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

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British Pound Price Outlook: GBP/USD Shakes Off Reopening Concerns, Focus on Inflation Data

GBP/USD continues to trade within its range as investors weigh reopening delay and economic outlook

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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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Crude Oil Prices Surge to 32-Month High on Demand Optimism

WTI crude oil prices surged to the highest level since October 2019, buoyed by demand optimism and tight supply conditions. Investors are assessing a rosy demand outlook and inventory changes this ...

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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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Gold Prices Fall as Fed Balance Sheet Hits $8 Trillion, Reverse Repo Surges

Gold prices fell for a second day as the US Dollar strengthened. Demand for the Fed’s reverse repo facility hit an all-time high. Seemingly excessive liquidity conditions may strengthen the case fo...

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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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S&P 500, Nikkei 225 Outlook: Stocks Hit Record High as VIX Falls

Wall Street stocks ended broadly higher on Friday, with the S&P 500 index closing at record. This week’s FOMC meeting will be in focus. Several major APAC markets are shut on Monday.

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New Zealand Dollar Forecast: NZD/USD Eyes Q1 GDP, FOMC After Downbeat PSI

The New Zealand Dollar faces volatility risks this week, with first-quarter Gross Domestic Product (GDP) data and the US Federal Reserve policy meeting in focus.

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Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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Markets Week Ahead: Nasdaq, Dow Jones, US Dollar, Fed, Gold, Crude Oil, Yen, BoJ

Traders rotated back into the Nasdaq Composite as it outperformed the Dow Jones. Inflation expectations and Treasury yields are falling ahead of the highly-anticipated Fed. Highlights next week inc...

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

The US indices await the June Fed meeting for clarity on economic projections, the state of inflation and the probable path of monetary policy. With much on the line, the event could revive volatil...

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Top 10 Candlestick Patterns To Trade the Markets

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

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Mexican Peso Forecast: Waters Turn Murkier for the Dollar, USD/MXN Remains Vulnerable

USD/MXN could move lower next week if the Fed sticks to the dovish script and reiterates that now is not the time to start talking about withdrawing stimulus despite rising inflation.

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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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Euro Forecast: EUR/USD Price Outlook Neutral, Hoping for FOMC Guidance

Last week was all about waiting for US inflation data and the ECB; the week ahead will be spent hoping for Federal Reserve guidance on US monetary policy – and EUR/USD is unlikely to move far eithe...

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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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Gold Price Outlook Hinges on Updated Fed Interest Rate Dot Plot

The Federal Reserve rate decision is likely to sway the price of gold as the central bank is slated to update the Summary of Economic Projections (SEP).

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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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Crude Oil Outlook: IEA Report Sends Price Skyward Ahead of US-Iran Talks

A bullish International Energy Agency (IEA) report sent crude oil above $71.00 per barrel for the first time since 2018. US and Iran will resume talks this weekend. Will a deal be reached?

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Weekly Fundamental US Dollar Forecast: Here Comes Taper Talk

The June Fed meeting is likely to see policymakers moving from ‘potentially talking about discussions about tapering’ to the actual ‘discussions about tapering.’

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DailyFX Forex Trading Course Walkthrough: Part Nine

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

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DailyFX Forex Trading Course Walkthrough: Part Eight

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

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DailyFX Forex Trading Course Walkthrough: Part Seven

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

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DailyFX Forex Trading Course Walkthrough: Part Six

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

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

Rand analysis has been riddled with complexities this week but after a rollercoaster price action ride, things seem to have settled as markets head to a close. Get your USD/ZAR, EUR/ZAR and GBP/ZAR...

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Bitcoin (BTC) Grinding Higher - Ethereum (ETH), Alt-Coins in Wait-And-See Mode

Bitcoin continues its slow move higher while the rest of the market is watching to see if the move has legs

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DailyFX Forex Trading Course Walkthrough: Part Five

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

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DailyFX Forex Trading Course Walkthrough: Part Four

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

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DailyFX Forex Trading Course Walkthrough: Part Three

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

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DailyFX Forex Trading Course Walkthrough: Part Two

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

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DailyFX Forex Trading Course Walkthrough: Part One

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

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Australian Dollar Outlook: AUD/USD Divergence With Wall Street Risks Continuing

The Australian Dollar may struggle despite ongoing optimism from Wall Street as falling bond yields and inflation expectations sap AUD/USD’s appeal. Focus on the Federal Reserve next.

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GBP/USD Weekly Forecast: Last Chance for Currency Volatility on FOMC Meeting

GBP/USD continues to trade in ranges as volatility dwindles.UK Data to play second fiddle to FOMC.

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EUR/USD June Open Range Vulnerable as ECB Sticks to Higher PEPP

EUR/USD may threaten the opening range for June following the ECB rate decision as the exchange rate struggles to retain the rebound from the monthly low (1.2104).

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U.S. Consumer Sentiment Rebounds but Fails to Create Volatility as Markets Await the Fed

U.S. Consumer sentiment rebounds in June and jumps to 86.4, a sign that household spending may remain healthy to continue to drive the economic recovery.

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

Rand analysis has been riddled with complexities this week but after a rollercoaster price action ride, things seem to have settled as markets head to a close. Get your USD/ZAR, EUR/ZAR and GBP/ZAR...

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Inflation (CPI), The Fed & ECB – FinTwit Trends to Watch

FinTwit was abuzz this week which was in stark contrast to actual financial market reactions. Inflation data, ECB interest rate announcements as well as focus on the Fed for next week enthralled ma...

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EUR/GBP Price Forecast - Negative Sentiment May Test Recent Range Support

EUR/GBP continues to probe the lower bound of the multi-week trading range and support may be tested soon.

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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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Gold Price Forecast: Gold Upside Test as US Rates Drop - Last Chance for Volatility

Gold hovers around 1900. Markets take transient view to inflation. FOMC provides last chance for volatility.

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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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Muted Reaction to US CPI Puts Further Bearish Pressure on USD/CNH

The US Dollar fails to bounce higher after stronger than expected US CPI, causing USD/CNH to fall further

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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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Natural Gas Forecast: EIA Storage Report in Focus After Bullish Export Outlook

Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA's Short-Term Energy Outlook. Where can prices head from here?

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Crude Oil, Gold Price Outlook: US Lifts Sanctions on Some Iranians, Inflation Ignored

Crude oil prices shrugged off the US lifting sanctions on some Iranian officials as gold did the same after eye-popping inflation data. What is the technical picture for WTI and XAU/USD?

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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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The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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Nasdaq 100 May Lead Hang Seng, ASX 200 Higher as Market Shrugs Off CPI

The Nasdaq 100 index rallied as investors shrugged off a stronger-than-expected US inflation data. Jobless claims reached a pandemic-low. Asia-Pacific markets look set to trade higher amid improved...

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US Dollar Analysis: Hot Inflation and a Potential Infrastructure Bill - More Weakness Ahead?

A bipartisan group of 10 Senators reached a preliminary agreement on infrastructure on Wednesday, potentially paving the way for a bill to be put in front of both Congressional chambers in the comi...

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Australian Dollar Forecast: AUD/USD Rises as Post-CPI Bond Yield Drop Drags US Dollar

The Australian Dollar looks to close out a quiet session on a higher note following key economic data prints that left the market with little reaction.

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DAX 30 & FTSE 100 Wedge Breaks Look Imminent, Catalyst Required

The DAX 30 and FTSE 100 have worked themselves into similar rising wedge patterns that may suggest a break lower is imminent. That said, such a breakdown may be difficult to establish given current...

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

The ECB’s June meeting is in the rearview mirror, while the BOE is due up in two weeks’ time.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is down on the day despite the 5% inflation print from this morning. Attention is now shifting towards next week's FOMC.

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USD/CAD to Track June Open Range as Post-BoC Bounce Fizzles

USD/CAD may consolidate before resuming the downward trend from earlier this year as it gives back the bounce following the Bank of Canada (BoC) interest rate decision.

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Trading the Digital Yuan: The first central bank-backed digital currency

The digital yuan (aka eCNY) is already being tested in mainland China, and the upcoming release of this new blockchain-enabled central bank digital currency (CBDC) is poised to further disrupt inte...

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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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Central Bank Digital Currencies: If you can’t beat them, join them?

While cryptocurrencies boom, Central Banks the world over are jostling for supremacy in the CBDC race. Learn about Central Bank Digital Currencies (CBDCs) and how they could reshape the future of t...

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Oil Price Rally Pushes RSI Towards Overbought Territory

A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this year.

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U.S. Inflation Accelerates in May at Fastest Pace since 2008, Treasury Yields Tick Higher

The May CPI jumps 0.6% on a monthly basis and 5% annually, the fastest pace since 2008 as the economic recovery kicks into high gear and energy costs remains skewed to the upside.

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Breaking: ECB to Maintain PEPP Buying at Significantly Higher Pace

No fireworks for Euro as ECB sticks to the script

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Bitcoin (BTC/USD) Rallying Back - Tougher Tests Lie Ahead

Bitcoin is extending Wednesday’s rally - and outperforming the market as a whole – but stubborn resistance higher up may temper any further gains

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Euro Latest: EUR/USD, EUR/JPY Price Action Set Up for ECB Decision

ECB Doves Set the Bar Low for a Hawkish Surprise. PEPP Purchase Rhetoric Expected to be Maintained

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FTSE 100 Outlook: Picks Up Bullish Momentum Aimed at Breaking its Range

The FTSE 100 pushes towards 7,100 as buyers keep momentum going

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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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British Pound (GBP) Price Outlook: GBP/USD, EUR/GBP Seen Stable After US CPI, ECB

GBP/USD and EUR/GBP are unlikely to break out of their recent tight ranges despite today’s much-anticipated US inflation data and ECB decision on Eurozone monetary policy.

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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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Crude Oil Prices Pull Below $70 as Rising Fuel Stockpiles Cools the Rally

Crude oil prices retreated from recent highs as a large build in gasoline fuel stockpiles dented sentiment, causing a pause in the rally. Yet the overall trend remains bullish-biased and the pullba...

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Gold Price Outlook: XAU/USD Eyes Fastest Expected Core Inflation Rate Since 1993

Gold prices may be at risk to the fastest expected pace of US core inflation growth since early 1993. If XAU/USD falls, rising support from March could maintain the upside focus.

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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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S&P 500 Index Retreats Before US Inflation Data, APAC Stocks Open Mixed

The S&P 500 index is hovering near record highs as investors await US inflation data. Bitcoin rallied 11%. Asia Pacific markets traded higher at open

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Natural Gas Forecast: EIA Storage Report in Focus After Bullish Export Outlook

Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA's Short-Term Energy Outlook. Where can prices head from here?

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Nasdaq 100 Price Forecast for the Week Ahead

The Nasdaq 100 awaits an update on the domestic inflation situation as seasonal headwinds weigh on price action. A data surprise could revive volatility.

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Chinese Yuan Strengthens Versus US Dollar as New Yuan Loans, US Inflation Data Linger

The Chinese Yuan gained versus the US Dollar following a hotter-than-expected PPI print ahead of credit growth figures. Wall Street moved lower ahead of tomorrow's US CPI figures.

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British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates

The Sterling-commodity currency crosses remain rangebound.

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Gold Price Chart Posts Bullish "Golden Cross" Formation, Will it Rally?

Gold posted a bullish technical pattern that could hint a continuation higher is in the works. That said, bulls will still need to negotiate the upcoming Fed meeting and overhead resistance.

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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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ESG Investing: How COVID-19 Has Augmented its Relevance in Financial Markets

Incorporating sustainability into investment portfolios has increased with the advent of ESG investing opportunities. COVID-19 has bolstered this trend, which will likely continue into the future.

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Mexican Peso Outlook Improves amid Receding Political Risks, but Caution is Warranted

Dissipating political risks in Mexico and the improving economic backdrop could support the Mexican peso in the short term, but the Fed normalization process continues to be a threat.

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Bank of Canada Holds Rates Flat - USD/CAD Bounces

The Bank of Canada held rates flat this morning while keeping QE purchases to C$3 Billion/month.

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Trading the Next Black Swan, War in Eastern Europe

Concerns are growing that the ongoing Russo-Ukrainian War could escalate in the near future, a development that could affect the current risk paradigm in the global financial markets.

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Canadian Dollar Price Latest - BoC Outlook, US CPI May Break the USD/CAD Trading Range

The Bank of Canada (BoC) policy decision hits the screens later today and USD/CAD traders need to be alert for a possible range break

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Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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Euro Outlook: EUR/USD, EUR/GBP Focus on ECB, US CPI and Brexit Battle

After a quiet start to the week euro traders are likely to pay attention to key events in the coming days

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