Euro Forecast: EUR/USD Advance Should Continue After Strong Economic Data

Last week's march higher in EUR/USD may well extend further after Friday's Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy.

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Former Fed Advisor Danielle DiMartino Booth Talks US Economy, Women in Finance & Trading

American economist and former advisor at the Dallas Federal Reserve Danielle DiMartino Booth sits down for a conversation about the US economy.

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US Dollar Fundamental Forecast: US Non-Farm Payrolls in Focus After FOMC Week

The US Dollar slipped last week after the Federal Reserve calmed taper timeline talks. Friday's non-farm payrolls figure may rekindle upside USD bets if impressive.

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Bitcoin (BTC) and Ethereum (ETH) Moving Apart, Binance Shutters Some European Derivative Markets

Ethereum is starting to outperform Bitcoin again ahead of ETH's latest upgrade, while Binance continues to pare back business areas amid ongoing regulatory pressure

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Australian Dollar Outlook Bleak: AUD/USD Eyes RBA, Delta Variant, Beijing Crackdowns

The Australian Dollar remains vulnerable in the week ahead, eyeing risks such as a dovish RBA, surging Covid cases and recent crackdowns by Beijing. Might US NFPs offer some relief to AUD/USD?

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Bitcoin (BTC/USD) Forecast: Big Levels to Determine Bitcoin’s Fate?

Bitcoin (BTC) prices fall back to $39,000 after failing to hold above the critical level of $40,000

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British Pound Forecast: GBP Caution as BoE Meeting Looms

A strong Covid-19 vaccine program reduces risks stemming from the Delta variant. BoE optimism on economic recovery grows.

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Bitcoin (BTC), FOMC & Robinhood (HOOD) – FinTwit Trends to Watch

FinTwit was alive this week with financial markets overwhelmed with announcements from Elon Musk and Bitcoin to the Federal Reserve meeting. Topping it off was the somber Robinhood IPO.

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US Dollar Little Fazed by Core PCE; Focus on Jobs & Sentiment

The US Dollar is trading broadly mixed on Friday after weakening notably earlier in the week. Core PCE data just released moves the needle little with markets focused on employment and risk trends.

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Mexico Second Quarter GDP Misses Expectations, USD/MXN Shrugs Off Data

Mexico's second quarter GDP grew slightly below market expectations, but the recovery continues to strengthen, bolstered by the services sector.

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Japanese Yen Outlook: USD/JPY Month-End Bounce to be Capped as Downside Risks Remain

Bond spreads favour lower USD/JPY but watch for month-end recovery.

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EUR/USD Pops Above 1.1900 on Better-Than-Expected Euro Zone GDP Data

The first look at Q2 Euro Zone GDP data showed the block growing by a better-than-expected 2% while inflation rose to 2.2% in July

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US Dollar Looking for a Lifeline in PCE Inflation Data

The US Dollar may find a lifeline if June’s PCE inflation data tops expectations, encouraging a rethink of the selloff following this month’s FOMC meeting.

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GBP/USD Running Out of Steam as 1.40 Falls in Sight, Focus on US PCE

A strong rally in GBP/USD is losing some momentum as investors are cautious about US PCE data

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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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Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities

Iron ore prices look primed to rise further in Q3 as a developing US infrastructure plan underpins an already bright outlook amid a global recovery.

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Amazon Earnings Cast a Shadow on Nasdaq 100. APAC Stocks to Open Mixed

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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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New Zealand Dollar Outlook: NZD/USD Breaks Higher from Wedge Pattern

The New Zealand Dollar is gaining against the US Dollar after breaking higher from a wedge pattern. Meanwhile, Asia Pacific markets look set to trade Friday on a positive note.

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Bitcoin to Boost Coinbase ($COIN) as Robinhood ($HOOD) Flops

Bitcoin price action ($BTCUSD) has propelled higher this week. With crypto outlook sanguine again, Coinbase ($COIN) has potential to outperform Robinhood ($HOOD) following its weak IPO.

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Mexican Peso Outlook: USD/MXN Falls On Dovish Fed and U.S. GDP Data Miss

A dovish Fed and a weaker-than-expected U.S. gross domestic product print weighed on the dollar and drove USD/MXN to its lowest level since mid-July.

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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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Commodities Trader @Chigrl Talks FinTwit, Women and Trading

She's been called an oil market Internet sensation. On any given day the commodities trader takes to Twitter to push out breaking news on crude oil.

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EUR/USD Stages Four-Day Rally Ahead of Euro Zone GDP, US PCE Update

EUR/USD may stage a larger recovery going into the end of the month as the Euro Area is expected to recover from a technical recession.

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Canadian Dollar Price Forecast: USD/CAD Breaches 1.2500 - Loonie Levels

USD/CAD is approaching a key spot of support but the tides of reversal are strong. Can USD/CAD bulls hold or will sellers bring back the bearish trend?

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Robinhood IPO Set to Take Equity Markets by Storm, First Trades at $38

Robinhood listed publicly on Thursday with an enterprise value of $32 billion after shares were priced at $38.

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Tech Review: Positive Earnings and Accommodative Fed Lift the Nasdaq 100 Index

Apple, Microsoft, Google, Facebook and Tesla all beat earnings estimates. Nasdaq eyes all-time highs once more as the Fed remains accommodative

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FTSE 100 Index Forecast: UK Stocks Surge on Robust Earnings Reports

FTSE 100 index up 1% today and 9.70% YTD after several constituents posted record earnings results with help from a dovish Fed and sliding UK bond yields.

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AUD/USD Rate Defends Post-FOMC Gain on Lackluster US GDP Report

AUD/USD defends the advance following the Federal Reserve interest rate decision as the US Gross Domestic Product (GDP) report warns of a weaker-than-expected recovery.

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US Dollar Hits Monthly Low as Jobless Claims, Q2 GDP Disappoint

The US Dollar is extending its post-Fed slide so far during Thursday's trading session with the help from disappointing data on weekly jobless claims and second quarter GDP.

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Euro Price Outlook - US Data Will Decide the Next Move in EUR/USD

The recent EUR/USD rally is heading into a zone of resistance ahead of two important US data releases

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Gold Price Forecast: Is Bitcoin Taking the Shine Away From Gold?

Neutral Fed does little for the USD, boding well for higher gold prices

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NZD/USD Outlook: Central Bank Divergence to Play a Key Role

Investors were left wanting more from the Fed as other central banks move towards adapting their monetary policy

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British Pound (GBP) Price Outlook: GBP/USD Strong, Breaks Above Resistance

Sterling is firm all round Thursday, with GBP/USD breaking above another important resistance level, and the pair now seems on course to hit 1.40 in due course.

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US Dollar Trend Still Points Higher After FOMC, Q2 GDP Eyed

The US Dollar was knocked back by July’s FOMC policy announcement but a close look at officials’ guidance hints the uptrend remains intact. Second-quarter GDP data is in focus next.

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Nasdaq 100 May Outperform the Dow Jones as Treasury Yield Curve Flattens: Q3 Top Trading Opportunities

A hawkish shift in the Fed’s monetary policy stance may mark another period of outperformance in the Nasdaq 100 index versus the Dow Jones Industrial Average.

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Yen Q3 Fundamental Forecast: Road Ahead Remains Tough

The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.

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Crude Oil Outlook: WTI Jumps After Oil and Gas Inventory Drop Saps Covid Fears

Crude oil prices shifted higher after the EIA weekly report showed a bigger than expected drop in oil and gasoline stockpiles, eroding Covid demand-side fears.

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Gold Price Outlook Shifts Rosy Post FOMC, XAU/USD Eyeing US GDP Data Next

Gold prices are rising after the Federal Reserve rate decision, picking up gains during the Asia-Pacific session. Ahead, softer second-quarter US GDP data may further boost XAU/USD.

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S&P 500 Holds Steady After the FOMC, Hang Seng Aims For a Rebound

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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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Australian Dollar Outlook: AUD/USD Eyes Trade Data After FOMC Weakness

The Australian Dollar is higher against the US Dollar after the Fed's interest rate decision. Export and import price data may provide some event risk in the Asia Pacific region today.

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US Dollar Outlook: DXY Whipsaws as Fed’s Powell Stays Evasive

US Dollar price action ripped-then-dipped around the latest Fed announcement and press conference from Chair Powell as markets digested a nod to goal progress that is not yet substantial.

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Nasdaq 100 Ticks Higher Following FOMC Rate Decision, Powell Presser

The Nasdaq 100 tiptoed higher following the July FOMC rate decision and accompanying press conference from Chairman Jerome Powell. Despite hints of hawkishness that saw the USD rise, stocks remain ...

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Oil Price Rebound Underpinned by Decline in US Crude Inventories

The price of oil defends the advance from the monthly low ($65.01) amid a larger-than-expected decline in US crude inventories.

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Gold Price Drops as US Dollar Jumps; Fed Eyes Start of Tapering

Gold price action is dropping alongside a broadly stronger US Dollar following the Fed announcement as the central bank says progress toward goals have been made for tapering.

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

The USD set a fresh three-month-high and then spent the next week pulling back. Today brings the Fed - will USD bulls get back to work?

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How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

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NZD/USD Rate Rebound Unravels Ahead of Federal Reserve Rate Decision

NZD/USD gives back the advance from the monthly low (0.6881) as the US Dollar outperforms against the commodity bloc currencies ahead of the Fed rate decision.

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Canadian Dollar Forecast: USD/CAD Drop on the Horizon

USD/CAD raising the risk of a pullback as eyes shift to CPI and FOMC.

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British Pound Q3 Fundamental Forecast

The UK economic recovery continues, aide by a successful vaccination program, all eyes are now on data releases

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

The US Dollar is holding range as investors await Fed’s views on recent economic data

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Gold Latest - Price Action on Hold as Traders Wait for the Latest FOMC Announcement

In a week packed full of risk events, today’s FOMC decision and press conference stand out for their overarching significance

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British Pound (GBP) Price Outlook: GBP/USD March Higher Halts Pre-Fed

GBP/USD has continued to climb this week, topping both trendline resistance and the 200-dma, but will likely be little changed this session ahead of the Fed's announcement on US monetary policy.

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Gold Prices Climb Ahead of FOMC as Traders Anticipate Status Quo, USD Falls

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Crude Oil Prices Risk Forming a “Lower High” on Viral Concerns, Stockpiles Fall

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Australian Dollar Outlook: AUD/USD Snubs Hot Q2 CPI as Sydney Lockdown Extends

The Australian Dollar is largely unchanged following a hotter-than-expected Q2 CPI print. Next week's RBA decision will be key to AUD/USD's direction, but lockdowns weigh on the economic outlook.

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Dow Jones Falls on Apple, Microsoft and Alphabet Earnings, Nikkei 225 May Follow

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Japanese Yen Outlook: USD/JPY Drops on Haven Flows as Traders Brace for FOMC

The Japanese Yen saw inflows overnight as traders brace for this week's FOMC decision. Australia's CPI print may help guide RBA bets in today's Asia-Pacific session.

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US Dollar Outlook: Fed Decision Due – Will it Spark Fireworks?

The US Dollar edged lower on Tuesday with EUR/USD, USD/JPY, and GBP/USD all reflecting US Dollar weakness. Will the Fed catch markets off-guard with another hawkish surprise tomorrow?

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Nasdaq 100 Outlook: Stocks Decline Despite Stellar Tech Earnings, All Eyes Shift to Fed

Strong earnings from Apple Microsoft, and Alphabet were unable to lighten sentiment as indices declined ahead of Wednesday’s Federal Reserve policy decision.

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South African Rand Dollar Forecast: USD/ZAR Edges towards 15.00, FED takes center stage

USD/ZAR looks towards FED rate decision for direction, risk sentiment remains susceptible to USD

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Mexican Peso Outlook: USD/MXN Moves Cautiously as Markets Await Fed Cues

The Fed will announce its July interest rate decision on Wednesday. No change in policy is expected, but the central bank's guidance on tapering could trigger USD/MXN volatility.

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USD/CAD Rate Holds Steady with Federal Reserve Rate Decision on Tap

USD/CAD may continue to consolidate ahead of the Federal Reserve interest rate decision on July 28 as the central bank is expected to retain the current policy.

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USD/JPY Bounces Off Session Lows on Solid Consumer Confidence

The US Dollar has felt broad-based selling pressure so far this week with markets focus on tomorrow's Fed announcement. Solid consumer confidence data helps USD/JPY bounce off session lows.

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Market Sentiment Still Fragile Ahead of Fed, Corporate Earnings | Webinar

Trader confidence remains brittle, with many markets range-trading ahead of the Federal Reserve’s decision on monetary policy and a flood of US company results.

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US Dollar Flips Net Long, CAD, AUD & GBP See Large Sellers - COT Report

US Dollar flips net long for the first time since March 2020 amid the unwind in reflation trades as well as a hawkish Fed.

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BTC/USD Outlook: Cryptos in the Red Again as Amazon Denies Bitcoin Adoption

Cryptocurrencies undo Monday’s rally as Amazon denies Bitcoin adoption claims

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Hang Seng Index (HSI) Plummets Further on China Technology Clampdown

The sharp sell-off in the Hang Seng Index continues as Chinese regulators continue to crackdown on a range of tech-based companies

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US Dollar Up as FOMC Meeting Nears, Consumer Confidence Data Eyed

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British Pound (GBP) Price Outlook: GBP/USD Facing Trendline Resistance

GBP/USD has been rising for the past week as UK coronavirus cases show signs of falling, but further progress may be difficult near-term as the pair approaches a downward-sloping trendline on the c...

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EUR Q3 Fundamental Forecast: ECB Review May Lead to Euro Weakness

As predicted at the end of March in the second quarter forecast, EUR/USD rallied strongly in Q2, rising from a low of 1.1704 on March 31 to a high of 1.2266 on May 25 before dropping back.

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Gold Prices Test $1800 Ahead of Fed Meeting, Real Yields Fall

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AUD/USD at Risk Amid Less-Dovish Fed, PBOC Normalization, Australia-China Tensions: Q3 Top Trading Opportunities

The Australian Dollar may struggle in the third quarter amid a combination of a less-dovish Federal Reserve and potentially consequential knock-on economic impacts from China.

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Crude Oil Forecast: Delta Variant, Chinese Regulatory Measures Weigh on Prices

Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook

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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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Nasdaq 100 at Record High as Tesla Earnings Beat, Will Hang Seng Rebound?

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IBEX 35 Analysis: Rally Continues Despite Virus Fears, Focus Shifts to Fed

IBEX 35 continues to rally as the ECB remains extremely accommodative and virus fears subside. Will the upcoming Federal Reserve rate decision derail the index’s progress?

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Australian Dollar Forecast: AUD/USD May Rise on Chinese Industrial Profits

The Australian Dollar may rise further versus the Greenback if Chinese industrial profits impress. Meanwhile, Covid lockdowns are set to ease in South Australia and Victoria.

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

US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened.

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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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Mexican Peso Outlook: USD/MXN Wavers as Traders Look to Fed for Taper Clues

USD/MXN fluctuates between small gains and losses at the beginning of the week and continues to trade between horizontal resistance at 20.20 and short-term trendline support near 19.85.

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Bitcoin (BTC) Update: Amazon, Twitter & Tesla Earnings - Bitcoin in Focus

Bitcoin (BTC/USD) surges to six-week high after Twitter’s Dorsey and Amazon ‘insider’ hint at further institutional adoption of digital currency.

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S&P 500 Outlook: Strong Tesla Earnings Kick of Event-Laden Week

Strong Q2 Tesla earnings kick off a week full of high-profile earnings, economic data, and the July FOMC meeting.

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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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FX Week Ahead - Top 5 Events: Australian, Canadian, & Eurozone Inflation Rates; Eurozone & US GDP; July FOMC Meeting

The final week of July brings forth a packed economic calendar – particularly for the US Dollar.

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Cryptomonnaies : le Bitcoin bondit et flirte avec les 40 000 dollars

Le Bitcoin (BTC) bondit à son plus haut niveau en six semaines.

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Gold Price Outlook Dependent on Federal Reserve Forward Guidance

A change in the Fed’s forward guidance may produce headwinds for the price of gold if the central bank shows a greater willingness to scale back its emergency measures.

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Euro Forecast: EUR/AUD, EUR/CAD, EUR/NZD Rates Outlook

The Euro’s gains against the trio of commodity currencies has largely been driven by anything other than the Euro itself.

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USD/CAD Price Forecast: Risk Events to Dominate the Week Ahead

A full week of economic data releases underscores the importance of risk management as volatility in the pair is likely to rise

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USD/ZAR Outlook: South African Rand Falls Ahead of Fed Build Up

USD/ZAR pullback off 15.0000 support levels last seen in March this year. All eyes are on Wednesday Fed meeting with technical analysis (short-term) favoring rand bulls.

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EUR/USD Outlook: Euro Sentiment Soft Eyes on Fed Meeting

Euro anchored around 1.18, sentiment in the single currency remains soft, but conviction on the low side.

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DAX 30 Outlook: IFO Business Data Shows Dampening Sentiment

The DAX 30 sees another negative weekly start as risk-off spills over from Asia

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Bitcoin (BTC), Ethereum (ETH) Surge on Amazon Payment Rumor

Talk that Amazon may accept Bitcoin as a means of payment sent the cryptocurrency market spiraling higher, breaking multi-week resistance levels.

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Gold Prices May Struggle Despite China Stocks Drop as FOMC Looms

Gold prices may struggle to build on modest gains amid a sharp Chinese stock market selloff as trend development awaits the FOMC policy announcement.

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US Dollar Outlook: Federal Reserve in Focus for SGD, THB, IDR, PHP Amid Covid Risks

The US Dollar may remain on the offensive against ASEAN currencies amid Covid case growth and regional lockdown risks that threaten growth. All eyes are also on the Federal Reserve.

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Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil

Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil

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New Zealand Dollar Outlook: NZD/USD Breakout Chance Shifts Into View

The New Zealand Dollar is moving higher versus the Greenback to start the week as traders prepare for an event-heavy week ahead.

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Weekly Fundamental US Dollar Forecast: When Will Fed Raise Rates or Taper?

The US Dollar (via the DXY Index) has been creeping higher throughout July, even as US Treasury yields and Fed rate hike expectations have pulled back.

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Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Fed, Earnings, Inflation

Markets swung wildly last week as fears over the delta variant of covid bulged then faded. EUR/USD, gold, and S&P 500 volatility is poised to linger with the Fed, earnings, and inflation in focus.

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

US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened.

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Euro Forecast: EUR/USD Price Outlook Bearish Ahead of Key Eurozone Data

EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released.

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Gold Price Forecast: Risk of Volatility as Fed Meeting Looms

Gold price action is primed for volatility next week with the Fed decision on deck. How real yields and the US Dollar react to fresh guidance from Fed officials will be key for gold outlook.

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Bitcoin Outlook: Bullish Scenario May Play Out if Key Technical Support Holds

Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region.

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AUD/USD Rate Faces Australia CPI Report & Fed Rate Decision

AUD/USD is likely to face increased volatility over the coming days as it faces a batch of key event risks going into the end of July.

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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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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) Weekly Forecast: Attempts to Recover as Sentiment Shifts

Market uncertainty sees GBP pairs break out of their ranges

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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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USD/JPY Rate Tracks Rebound in US Yields Ahead of Fed Rate Decision

USD/JPY appears to be tracking the recovery in US yields ahead of the Federal Reserve interest rate decision as it trades back above the 50-Day SMA (109.98).

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US Dollar Firms as PMI Data Echoes Inflation Risk; Cue the Fed

The US Dollar is strengthening broadly during early Friday trade with the latest flash PMI report just released underscoring ongoing inflation pressures ahead of next week's Federal Reserve meeting.

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Natural Gas Outlook: LNG Price Action Approaches Long-Term Resistance

LNG is at a critical technical juncture after a strong upward surge. Natural gas fundamentals point to upside support, but slowing technical momentum may point to a price pullback.

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Gold (XAU/USD) and Silver (XAG/USD) at Critical Levels ahead of FOMC

Gold and Silver remain supported at critical levels, FOMC remains key catalyst for the imminent move

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The Best Performing Women Led Companies

Check out our list of the best performing companies that have a woman at the steering wheel.

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GBP/USD Bounce Fizzles Out Despite Higher Retail Sales in June

Despite stronger retail sales in June, GBP/USD continues to lack decisive momentum

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Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil

Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil

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US Dollar May Rise if PMI Data Signals Recovery Losing Steam

The US Dollar may rise on the back of haven-seeking capital flows if July’s PMI data round-up disappoints, suggesting the global economic recovery is losing steam.

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GBP/JPY May Fall as the Fed Feeds Yen Real Yield Advantage: Q3 Top Trading Opportunities

The Yen may rise against the British Pound as policy pivot from the US Federal Reserve boosts real yield spreads in favor of the Japanese currency.

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Twitter and Intel Earnings Lift Nasdaq 100. APAC Stocks to Open Mixed

Wall Street stocks closed modestly higher on Thursday, with materials and technology sectors outperforming. Twitter’s earnings may boost tech sentiment, while Intel’s Q3 guidance disappointed.

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Aussie Dollar Slide May Resume on PMI Contraction, Extended Lockdowns

The Australian Dollar's fundamental outlook darkened on Friday after the country's services sector contracted sharply in July.

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US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due

The broader US Dollar has struggled to sustain upward momentum gauging by the DXY Index. USD/JPY price action might see a renewed bid if PMI data comes in strong and pushes yields higher.

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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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Nasdaq 100 Outlook: Strong Intel Earnings May Lead Stocks Higher

Nasdaq 100 constituents pushed markets higher following a disappointing jump in unemployment claims. Treasury yields drop, pushing gold & tech higher.

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Gold Price Forecast: Is This The Calm Before The Storm?

Gold finds itself at a crossroad ahead of a major week for markets. Surrounded on all sides by influential technical levels the coming days may be crucial for gold's price going forward.

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USD/ZAR Outlook: Rand Fades as SARB Keeps Rates Unchanged

Unsurprisingly, the SARB has maintained rates at 3.5%. USD/ZAR was unmoved by the announcement which shifts focus to dollar influences over the next two weeks.

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Short Selling Explained with Examples

Short selling is rather controversial but can form part of a well-thought out trading strategy

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ECB Meeting: EUR/USD Whipsaws as Policy Left Unchanged With Continued Dovish Message

EUR/USD jumps then reverses as ECB delivered another dovish policy meeting

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Lumber (Timber), Silver (XAG/USD) Forecast: Lumber and Silver (XAG/USD) Poised for Higher Prices?

Lumber and Silver remain supported despite a pullback in prices. With weather concerns and inflation weighing on commodities, technicals provide key levels to watch.

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Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities

Back at the end of June, the National Bank of Hungary became the first of the European Union’s central banks to start increasing interest rates to ward off the possibility of inflation taking off a...

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Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities

Back at the end of June, the National Bank of Hungary became the first of the European Union’s central banks to start increasing interest rates to ward off the possibility of inflation taking off a...

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Bitcoin (BTC), Ethereum (ETH) Support Levels Hold, Sentiment Turning But Still Fragile

The cryptocurrency market reversed higher Wednesday off noted support levels, aided by encouraging comments from Elon Musk

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British Pound (GBP) Price Outlook: EUR/GBP May Rise After ECB Meeting

This session’s ECB announcement will be the focus of attention for EUR/GBP traders and, with a dovish ECB already priced in, the risk is that EUR/GBP rallies as the bank disappoints the bears.

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EUR/USD Breakout May Be Imminent on ECB Policy Update

The Euro may break out from its narrow range against the US Dollar as the ECB begins to unveil an update of its monetary policy framework.

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Crude Oil Rebound May Not Last Amid Viral Concerns and Rising Stockpiles

WTI crude oil retreated slightly after rallying 5.7% a day ago as traders mulled lingering viral concerns and an unexpected rise in US crude inventories. Prices may face some pressure at around $70...

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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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Gold Prices Extend Lower Toward $1,800. Will the ECB Deliver Surprises?

Gold prices extended lower after breaking a near-term uptrend amid revitalized reflation optimism. Traders are eyeing the ECB meeting for clues about the asset purchasing program and its ramificati...

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The Anatomy of a Viral Asset: GME and Beyond

GameStop’s spectacular rise and fall signals that a new age of financial market trends may be emerging. What does that mean for volatility?

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Swiss Franc Outlook Brightens: NZD/CHF, CHF/JPY Primed for Action?

The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF.

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Wall Street Stocks Climb on Strong Earnings. Will the Hang Seng Index Follow?

Wall Street stocks rebounded for a second day as strong US earnings revitalized investor confidence. Asia-Pacific markets may follow higher. The ECB interest rate decision and US jobless claims are...

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New Zealand Dollar Forecast: NZD/USD Up on Sentiment Recovery, OCR Bets

A recovery in global market sentiment is lifting the risk-sensitive New Zealand Dollar as growth worries related to the Delta variant of Covid-19 subside.

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New Zealand Dollar Forecast: NZD/USD Up on Sentiment Recovery, OCR Bets

A recovery in global market sentiment is lifting the risk-sensitive New Zealand Dollar as growth worries related to the Delta variant of Covid-19 subside.

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Euro Price Outlook: How Will the ECB Decision Impact EUR/USD?

EUR/USD price action is front and center headed into the upcoming ECB rate decision and press conference scheduled for Thursday. How might the European Central Bank weigh on the Euro?

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Copper Prices Continue to Consolidate, but a Violent Breakout Could Come Soon

Copper prices have traded in a narrow interval since late June amid indecision among market participants, but a breakout of the range and a violent move could be just around the corner.

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Gold Price Forecast: Is This The Calm Before The Storm?

Gold finds itself at a crossroad ahead of a major week for markets. Surrounded on all sides by influential technical levels the coming days may be crucial for gold's price going forward.

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Oil Price Recovery Unfazed by Unexpected Rise in US Crude Inventories

The price of oil may stage a larger recovery over the remainder of the week as it appears to be unfazed by an unexpected uptick in US crude inventories.

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

EUR/JPY and EUR/USD rates have been holding below short-term EMAs for over one month, delineating lines in the sand for the recent bearish impulse.

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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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Canadian Dollar Price Forecast: USD/CAD Reverses - Did Loonie Bottom?

USD/CAD is putting in an aggressive reversal after testing the 1.2800 level. Did USD/CAD just top as the Loonie bottomed? Or is this a re-load scenario?

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Meme Stocks: What Are They and Why Are They so Popular?

Meme stocks rise exponentially after going ‘viral’ on social media. Find out their characteristics

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EUR/USD Outlook Hinges on ECB Guidance Following Strategy Review

The European Central Bank (ECB) interest rate decision may keep EUR/USD under pressure if the Governing Council retains the current course for monetary policy.

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USD/JPY Outlook: Delta Variant Offers Respite For Safe Haven Yen

USD/JPY is trading at contentious levels which could spark significant moves either way. The Yen’s fundamental backdrop surrounding COVID-19 is key to future price forecasts.

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Euro Outlook: EUR/USD Faces Downside Risk Ahead of ECB

A stronger Dollar continues to put downside pressure on EUR/USD as market uncertainty returns

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US Dollar Outlook: Grinding Towards a Fresh Multi-Month High

The US dollar rebound continues with the dollar basket supported by a general market unease as risk sentiment swings.

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British Pound (GBP) Price Outlook: GBP/USD Still Sliding, PSNB in Focus

GBP/USD continues to trend lower despite news that the UK public sector borrowed less in the first three months of the financial year than officials had forecast.

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The Anatomy of a Viral Asset: GME and Beyond

GameStop’s spectacular rise and fall signals that a new age of financial market trends may be emerging. What does that mean for volatility?

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Gold Prices Break Uptrend Amid Rising US Dollar and Yields

Gold prices retreated for a second day as a stronger US Dollar and higher yields dented its appeal. The spread of the Delta variant and the resulting adverse economic impact may cushion the downsid...

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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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Crude Oil Price Outlook: WTI at Risk Amid Trendline Breakout, Rising Long Bets

Crude oil prices weakened despite a recovery on Wall Street as the US Dollar rose. WTI is looking vulnerable following a trendline breakout and rising retail trader long bets.

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Australian Dollar Outlook: AUD/USD Revival Hopes Flimsy on Retail Sales Miss

The Australian Dollar was kicked back lower after June retail sales crossed the wires at -1.8%, missing estimates of -0.7% and falling from 0.4% in May. RBA policy will shift into focus.

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Dow Jones Rebound May Lead Hang Seng Higher, Netflix Earnings Miss

Wall Street stocks rebounded sharply on Tuesday as traders took Monday’s pullback as an opportunity to “buy the dip”. This may set a positive tone for APAC stocks. Netflix missed earnings expectati...

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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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New Zealand Dollar Outlook: NZD/USD, AUD/NZD React to Covid Risks, RBNZ Policy Bets

The New Zealand Dollar weakened against the US Dollar and Australian Dollar overnight as growth-related fears, driven by Covid, impacted economic prospects, RBNZ policy bets.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The July FOMC meeting is just around the corner, and given the uptick in concerns around the delta variant, the upcoming meeting may draw heightened interest

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US Dollar Price Outlook: USD Might Weaken if Covid Fears Abate

The US Dollar strengthened against most FX peers and pushed the DXY Index above key resistance on Tuesday, but will USD bears fade recent gains as covid fears abate and risk trends improve?

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Crude Oil Price Forecast: Delta Variant Concerns Spark Sharp Reversal - The Macro Setup

Delta variant concerns have seen risk appetite take a hit in recent sessions as growth-sensitive assets like crude oil and equities slip lower. In the case of crude, a drastic reversal could see fu...

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S&P 500 Rebounds as Netflix Kicks Off FAANG Earnings

US Equity benchmarks rebounded Tuesday following Monday’s sharp decline. Netflix earnings disappoint while revenues beat.

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Mexican Peso Forecast: USD/MXN Remains Bid as Delta Variant Risks Brew

The Mexican peso fails to recover and loses ground for the second consecutive day against the U.S. dollar, as Covid-19 delta variant risks curb appetite for EMFX.

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Gold Price Forecast: GLD Rally Cut Short, Confluent Support Holds the Low

Gold prices put in a nasty month of June but a very strong first half of July. After building an evening star last week, are bears preparing for a more pronounced re-entry?

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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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Top 10 Candlestick Patterns To Trade the Markets

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

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DailyFX Analyst Tammy Da Costa on Her Day Trading Career

For women, starting a career in finance can be difficult. Yet due to changing economic and social trends, more opportunities in trading, investing and finance are becoming available. We sat down wi...

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Market Sentiment Poor: Gold, JPY May Climb Further on Risk Aversion | Webinar

Trader confidence continues to ebb away, with safe havens like Gold and the Japanese Yen benefiting even more than the US Dollar – a trend likely to continue.

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South Africa Update: USD/ZAR Remains Vulnerable as Zuma Trial Resumes

Looting, corruption and unrest bring Moody’s downgrade, interest rate decision and Zuma trial in focus. USD/ZAR unfazed by political warzone?

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The Best Performing Female Led Companies

Check out our list of the best performing companies that have a woman at the steering wheel.

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Bitcoin (BTC/USD) Breaks Out of Range to Trade Below $30,000

Cryptocurrencies continue to struggle as sentiment deteriorates

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Gold Price Forecast - Risk-Off Undercurrent Lending Gold a Short-Term Bid

Monday’s strong risk-off move is being pared back today but the overall tone of the market remains gloomy and that’s giving gold a small bid for now

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New Zealand Dollar Swoons in Risk-Off Trade. Will Markets Steady?

The New Zealand Dollar is flirting with a breakdown amid a dour day for Asia-Pacific markets. Traders may now look to the day’s earnings reports for a lifeline.

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British Pound (GBP) Price Outlook: GBP/USD Trending Lower, EUR/GBP Higher

After Monday’s bout of risk aversion, GBP continues to underperform not just the safe-haven USD and JPY but also more middle of the road currencies like EUR.

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US Dollar Outlook: SGD, THB, IDR, PHP May Fall on Capital Flight, Covid Risks

The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell.

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Crude Oil, Gold Forecast: Covid Fogs OPEC+ Path, XAU Signals Mixed

Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields.

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Dow Jones, Nasdaq 100, ASX 200 Outlook: Covid Cases, US-China Tensions Sink Stocks

The Dow Jones, S&P 500 and Nasdaq 100 tumbled as risk aversion engulfed financial markets amid rising Covid cases and US-China geopolitical tensions. The ASX 200 may be vulnerable ahead.

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Pershing Square SPAC Deal With Universal Music Group Falls Through

Bill Ackman’s Pershing Square Tontine acquisition vehicle backed out of a potential SPAC merger on Monday citing SEC scrutiny.

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Japanese Yen Forecast: USD/JPY Falls with Treasury Yields on Haven Flows

A breakdown in market sentiment sent haven flows into the Japanese Yen along with Treasuries as a new wave of Covid causes investors to brace for a slowdown in global growth.

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Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3

Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to waning bullish impetus.

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Nasdaq 100 Forecast: Stock Rout Sees Index Seek Trendline Support

The Nasdaq 100 suffered considerable losses to start the week as covid concerns reemerged and equity markets stumbled from record levels. Declines have sent the Nasdaq in search of support.

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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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New Zealand Dollar Forecast: NZD/USD Rate Defends Monthly Range

NZD/USD may track sideways throughout the week as the exchange rate appears to be defending the monthly range.

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USD/CAD Rally Sends RSI Into Overbought Zone for Second Time in 2021

Recent developments in the RSI indicate a further appreciation in USD/CAD as the oscillator climbs above 70 to push into overbought territory for the second time in 2021.

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EUR/USD Outlook: Dollar Gains as Risk Appetite Wanes, ECB Rates in Focus

The US dollar continued its steady rise against the Euro which could continue if the ECB maintains its ultra-dovish stance at the rate setting meeting on Thursday

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AUD/CAD May Be a Catch-Up Trade in Q3: Q3 Top Trading Opportunities

Coming in to Q2 my trade of short AUD/CAD had been predicated on US exceptionalism and the growing divergence between the BoC and RBA.

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British Pound Latest: GBP/USD Slides on Freedom Day Fears, US Dollar Strength

GBP/USD is under pressure as continued fears over the spread of delta covid variant and US dollar strength keep pushing the pair lower

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DAX 30 Outlook: Bears Regain Control Towards 15,300

The DAX 30 continues to pullback from recent highs as economic concerns grow

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Crude Oil Prices Shrug as OPEC+ Strikes Output Increase Deal

Crude oil prices were not meaningfully moved one way or another as OPEC+ officials struck a long-elusive deal on a coordinated output rise. Sentiment trends may lead from here.

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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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US Dollar Outlook: SGD, THB, IDR, PHP May Fall on Capital Flight, Covid Risks

The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell.

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Gold Prices Down with Stocks as the US Dollar Gains on Haven Demand

Gold prices fell alongside stocks as a dour mood spread across financial markets, boosting haven-minded US Dollar buying and punishing anti-fiat alternatives.

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AUD/USD Under Fire as Australian Lockdowns Ramp Up, Risk Trends in Focus

The Australian Dollar faces a deteriorating economic backdrop as Covid-induced lockdowns across its home country ramp up. A quiet week ahead on the economic calendar leaves prevailing trends unchec...

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Markets Week Ahead: Dow Jones, DAX 30, US Dollar, Euro, ECB, Bitcoin, Elon Musk

Market sentiment deteriorated as the Dow Jones and DAX 30 ended on a downbeat. The US Dollar is notably rising and crude oil prices are weakening. Ahead, the Euro is eyeing the ECB. Bitcoin traders...

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Markets Week Ahead: Dow Jones, DAX 30, US Dollar, Euro, ECB, Bitcoin, Elon Musk

Market sentiment deteriorated as the Dow Jones and DAX 30 ended on a downbeat. The US Dollar is notably rising and crude oil prices are weakening. Ahead, the Euro is eyeing the ECB. Bitcoin traders...

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IBM, Netflix, Twitter Earnings Eyed as Nasdaq 100 Faces "Reality Check"

The magnificent rally of the Nasdaq 100 index is facing a ‘reality check” this week as IBM, Netflix, Intel and Twitter release results. Will they deliver positive surprises?

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https://ift.tt/36K1ZBu

The ECB’s Governing Council will make its latest statement on Eurozone monetary policy this coming Thursday and it will likely lead to further losses for the Euro.

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Gold Price to Face Fed Blackout Period Ahead of July Rate Decision

Swings in risk sentiment may influence the price of gold as the Federal Reserve enters the blackout period ahead of the interest rate decision on July 28.

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US Dollar Fundamental Forecast: More Upside on Fed Bets, Safe-Haven Flows

The US Dollar is likely to drive higher on strong fundamental drivers, including increasingly strong bets on Fed tightening and Covid-induced safe-haven flows.

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Bitcoin (BTC), Ethereum (ETH) Sell-Off Into The Weekend, Support Looks Increasingly Fragile

The cryptocurrency market remains under pressure and looks primed to test recent support levels

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Weekly Fundamental Australian Dollar Forecast: Nothing to Like, No Saving Grace

The third week of July brings about a quieter economic calendar for Australia; there are zero ‘high’ rated events on the DailyFX Economic Calendar.

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British Pound (GBP) Weekly Forecast: On Alert for Comments from BOE Members

Hawkish comments from BOE members keep GBP/USD and EUR/GBP within range

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US Dollar Outlook: DXY Reacts to Retail Sales, Consumer Sentiment

The US Dollar continues to trade near session highs with a miss on headline consumer sentiment data being offset by strong retail sales and rising inflation expectations. Where is the DXY headed next?

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South African Rand Outlook: ZAR Strengthens Despite Ongoing Unrest

ZAR strengthens in spite of continued unrest and looting in SA. We take a look at key technical levels for the week ahead

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Long GBP/JPY: Q3 Top Trading Opportunities

GBP/JPY is up around 30 big figures from the spike low made in mid-March 2020 with the daily chart showing a series of higher highs and higher lows printed along the way.

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US Dollar (DXY) Outlook: Inching Towards a Fresh Three-Month High Ahead of Important Data Releases

The US dollar continues to nudge higher and may attempt a fresh break above resistance if upcoming US data releases meet expectations

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UK Morning Rundown: GBP/USD Struggles to Find Support, FTSE 100 Bouncing Off 7,000

Uncertainty about the path of interest rates leaves UK assets struggling for direction

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Crude Oil Prices Under Fire, US Retail and Consumer Trends Data Eyed

Crude oil prices are set for the worst week in four months amid worries about slowing growth and deadlocked OPEC+ negotiations. US retail sales and consumer confidence data is due.

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Nasdaq 100 May Outperform the Dow Jones as Treasury Yield Curve Flattens: Q3 Top Trading Opportunities

A hawkish shift in the Fed’s monetary policy stance may mark another period of outperformance in the Nasdaq 100 index versus the Dow Jones Industrial Average.

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Gold Price Outlook: US Retail Sales, University of Michigan Sentiment in Focus

Gold may be at risk before the weekend if US retail sales and University of Michigan sentiment surprise higher. Still, the near-term technical outlook for XAU/USD seems to favor the upside.

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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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Nasdaq 100 Retreats Amid Viral Concerns, Will Hang Seng Index Follow?

Wall Street stocks were mixed on Thursday as a viral resurgence casted a shadow over the growth outlook. Los Angeles reinstated mask mandate. Energy and technology stocks were among the worst perfo...

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New Zealand Dollar Forecast: NZD/USD Surges on Red Hot Q2 CPI Print

The New Zealand Dollar gained against the US Dollar and its other peers after a red hot Q2 CPI print, confirming the RBNZ's hawkish rate outlook.

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S&P 500 Slides as Traders Eye Retail Sales and Consumer Sentiment Data

The S&P 500 falls on inflation and COVID-19 concerns despite good corporate results as traders await U.S. retail sales and consumer sentiment data.

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USD, JPY Strengthen as Bitcoin Threatens a Break - Did Oil Just Top?

It was an abnormally busy summer Thursday but signals are continuing to stack up that a big move may be afoot. Today we look at oil, the Yen and Bitcoin.

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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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EUR/USD Hit with Hawkish Fed Rhetoric Ahead of US Retail Sales Report

EUR/USD struggles to retain the rebound from the monthly low (1.1772) as Federal Reserve officials indicate a looming shift in monetary policy.

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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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Silver Squeeze – The Meme Stock After-Thought that Didn’t Quite Take Off

Short squeezes in the silver market were fundamentally doomed from the start amid mass controversy

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Oil Price Rebound Unravels as OPEC+ Negotiations Still Continue

The price of oil gives back the rebound from the monthly low ($70.76) even as US inventories contract for nine straight weeks amid the ongoing deadlock within OPEC.

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British Pound Outlook: Hawkish Twist By BoE's Saunders Sends Sterling Sharply Higher

GBP/USD jumps 60 pips after Bank of England policy maker Michael Saunders hints at ‘curtailing the current asset purchase program’

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Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities

Back at the end of June, the National Bank of Hungary became the first of the European Union’s central banks to start increasing interest rates to ward off the possibility of inflation taking off a...

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Canadian Dollar Outlook - USD/CAD Short-Term Consolidation After BoC Adjusts its Bond-Buying Program

The multi-week USD/CAD retracement may be put on hold in the short term as a variety of technical signals cloud the outlook.

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EUR Q3 Fundamental Forecast: ECB Review May Lead to Euro Weakness

As predicted at the end of March in the second quarter forecast, EUR/USD rallied strongly in Q2, rising from a low of 1.1704 on March 31 to a high of 1.2266 on May 25 before dropping back.

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British Pound (GBP) Price Outlook: GBP/USD Steady After UK Jobs Data

GBP/USD is broadly stable in Europe Thursday after a mixed batch of UK employment figures that showed a jump in average earnings, including bonuses, but a tick higher in the unemployment rate.

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US Dollar Faces Day Two of Powell Testimony. Will It Hold Up?

The US Dollar was notably resilient despite what the markets saw as dovish rhetoric from Fed Chair Jerome Powell. Will it stand up to another day of testimony?

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Equities Q3 Fundamental Forecast: Stocks to Enjoy Continued Economic Recovery, Seasonality a Concern

The Dow Jones, S&P 500 and Nasdaq 100 entered the third quarter on the back of yet another strong showing in the post-pandemic era as stocks continued to climb across all sectors.

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Gold, Crude Oil Price Forecast: Technicals in Focus as Yield Drop Propels XAU

Gold is testing the critical 200-day SMA after an improved fundamental backdrop helped the yellow metal gain in July. Meanwhile, Crude oil is looking lower.

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AUD/USD Under Pressure After Mixed Australian Jobs & Chinese GDP Data

The Australian Dollar remained under pressure on Thursday following a mixed domestic jobs print and shaky Chinese GDP data.

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S&P 500 Climbs on Powell's Dovish Tone, China GDP in Focus

The S&P 500 index closed higher after Fed Chair Jerome Powell signaled that the Fed may be patient in tapering stimulus in a testimony. Asia-Pacific markets await Chinese Q2 GDP figures.

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Chinese Yuan Forecast: Q2 GDP Key to Gauge PBOC, USD/CNH Outlook

USD/CNH is pushing lower as traders prepare for China's second quarter GDP print to cross the wires. The Yuan may break current support at the 26-day EMA if the data impresses.

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Gold Price Pops 1% as Real Yields Tumble to Five-Month Low

Gold bulls propelled XAU/USD price action 1% higher on Wednesday with the precious metals rise mirroring the sharp decline in ten-year real yields to their lowest level since mid-February.

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Dow Jones Forecast: Will Earnings Season Push the Index to Record Highs?

The Dow Jones has moved within reach of record levels despite weakness in value and industrial stocks that had helped the Industrial Average outperform the Nasdaq 100 during much of the second quar...

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Mexican Peso Gains as Powell Cautions Against a Hasty Move, USD/MXN Tumbles

The Mexican peso gains after Fed chairman Powell says the US economy has not progressed enough to start dialing back stimulus and warns against acting prematurely.

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AUD/USD to Stage Larger Rebound on Upbeat Australia Employment Report

Fresh data prints coming out of Australia may spark a larger rebound in AUD/USD as employment is expected to increase for the second consecutive month.

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USD/CAD Gyrates as Bank of Canada Reduces QE, Upgrades Outlook

The Canadian Dollar is interestingly weaker in immediate reaction to the BoC announcement as USD/CAD pivots higher despite the Bank of Canada reducing weekly asset purchases by C$1-billion.

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Turkey’s Central Bank Holds Key Rate at 19%, USD/TRY Largely Shrugs Off Decision

The Central Bank of Turkey maintains its benchmark interest rate at 19% for five consecutive months, in line with market consensus.

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EUR/GBP Price Forecast - Range Support Broken, Fresh Multi-Month Lows Now on The Cards

EUR/GBP has broken through recent support and the pair now look set to drift lower with the early April low the next target.

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Short EUR/CAD on Central Bank Differences: Q3 Top Trading Opportunities

Monetary policy decisions from the ECB and BOC to determine EUR/CAD performance

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US Dollar Setup: USD/JPY, USD/CAD Ahead of US PPI and Powell Testimony

The US Dollar is keeping an eye out for inflation data to consolidate further bullish momentum

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British Pound Q3 Fundamental Forecast

The UK economic recovery continues, aide by a successful vaccination program, all eyes are now on data releases

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British Pound (GBP) Price Outlook: GBP/USD Rallying After Hot UK Inflation Data

UK consumer price inflation figures came in higher than expected Wednesday, lifting GBP/USD, but the rise has been tempered by weaker than predicted producer price data.

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US Dollar May Extend Upward as Powell Reiterates Policy Pivot

The US Dollar may continue to push higher, building on gains scored after June’s sizzling CPI data, as Fed Chair Jerome Powell testifies in Congress.

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Crude Oil Prices Eye $75 Amid Tight Supply, Falling Stockpiles

WTI crude oil is hovering at around $75/bbl after the API reported a 7th consecutive weekly fall in stockpiles. Tight supply conditions may lend support to prices amid lingering viral concerns.

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Gold Prices Steady as Inflation Hits 13-Year High, Eyeing 1815 for Breakout

Gold prices edged higher within an “Ascending Triangle” as stronger-than-expected US inflation data bolstered its appeal. Nonetheless, tapering concerns may cap the upside after the RBNZ’s hawkish ...

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New Zealand Dollar Forecast: NZD/USD Shoots Higher on Hawkish RBNZ, LSAP Termination

The New Zealand Dollar rocketed higher against the US Dollar after the RBNZ announced a halt to its Large Scale Asset Purchases Program.

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Dow Jones Retreats after US Inflation Data, Hang Seng May Pull Back

Wall Street stocks pulled back from all-time highs after June’s US core inflation surpassed market expectations by a wide margin. The Hang Seng Index may follow lower.

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Euro Stoxx 50 & IBEX 35 Retreat from Records Amid Inflation, Virus Fears

European equities have retreated off recent highs as fears over the Delta COVID variant force multiple EU members to reimplement restrictions.

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Australian Dollar Outlook: Westpac Data May Underpin AUD/USD as Jobs Report Nears

The Australian Dollar weakened versus the US Dollar overnight and may see more volatility after the July Westpac consumer confidence index crosses the wires. An RBNZ interest rate decision is also ...

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USD/CAD Price Outlook: Canadian Dollar Hinges on BoC Decision

USD/CAD price volatility is expected to stay elevated owing to high-impact event risk posed by the Bank of Canada update due Wednesday. What are Canadian Dollar traders watching out for?

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Mexican Peso Forecast: USD/MXN Jumps on Sizzling U.S. Inflation. Will Traders Fade this Move?

The U.S. dollar gains across the board on Tuesday on expectations red-hot inflation in the United States will lead to tighter monetary policy by the Federal Reserve.

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How to Manage the Emotions of Trading

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

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

Strength in the US Dollar (via the DXY Index) has translated into fresh monthly lows for EUR/USD rates.

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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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USD/JPY Rebound Takes Shape Ahead of Fed Chairman Powell Testimony

Fresh remarks from Fed Chairman Jerome Powell may sway USD/JPY as the central bank head is scheduled to testify in front of Congress over the coming days.

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Dow Jones Forecast: Will Earnings Season Push the Index to Record Highs?

The Dow Jones has moved within reach of record levels despite weakness in value and industrial stocks that had helped the Industrial Average outperform the Nasdaq 100 during much of the second quar...

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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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Gold Price Fails to Test 200-Day SMA amid Talks of Fed Exit Strategy

The price of gold may continue to trade within the monthly range amid the failed attempts to push back above the 200-Day SMA ($1826).

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US Dollar Rips Higher on Red-Hot Inflation, CPI at 5.4% in June

The US Dollar is surging in the wake of hotter-than-expected inflation data just released with headline CPI hitting 5.4% in June and causing Fed taper fears to intensify.

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South Africa update: USD/ZAR Soars Towards 15.00, SA unrest weighs on the Rand

South African economy falters as unrest, riots and lockdowns weigh on the Rand.

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Earnings Season: JP Morgan and Goldman Sachs Blow Past Estimates

Find out more about JP Morgan and Goldman Sachs Q2 earnings

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Market Sentiment Still Positive Towards Equities and Crude Oil | Webinar

Trader confidence remains high in the stock markets while sentiment in crude oil is recovering and confidence in gold is improving.

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EUR/USD Price Outlook - Risks Remain Tilted to the Downside, US CPI up Next

Any short-term uptick in EUR/USD continues to be met by sellers with the pair looking set to re-test the late March low.

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DAX 30 Outlook: Pulling Back from New All-time High Ahead of US CPI Data

The DAX 30 reaches a new all-time high overnight but is struggling to keep bullish momentum going

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British Pound (GBP) Price Outlook: GBP/USD May Edge Lower Near-Term

GBP has failed to benefit from confirmation that coronavirus restrictions in England will mostly end on July 19, suggesting some modest underlying weakness in the currency.

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US Dollar May Resume Rise as CPI Data Drives Fed Policy Bets

The US Dollar may rise if June’s CPI inflation data tops forecasts, stoking speculation about an accelerated Fed timeline for stimulus withdrawal.

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Crude Oil Forecast: OPEC+ Fallout, Delta Strain Clouding Market Fundamentals

Oil markets face a clouded outlook as the OPEC+ fallout and rising Covid cases across Asia drive uncertainty in energy markets.

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AUD/USD Bounce Continues Following Strong Chinese Trade Data

Chinese trade data wildly surpasses expectations fueled by a massive trade surplus with the US. AUD/USD tests 0.7500.

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Gold Price Forecast: XAU/USD May Be Vulnerable to a Higher US CPI Print

Gold prices could be at risk to a higher-than-expected US CPI report that brings forward Fed monetary policy tapering expectations. What are key XAU/USD technical levels to watch?

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Nasdaq 100 at Record High on Earnings Optimism, Nikkei 225 Trades Higher

The Nasdaq 100 closed at an all-time high as traders anticipated a stellar earnings season ahead. US core inflation and Chinese trade balance data are in focus today.

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Australian Dollar Forecast: Chinese Trade Data Eyed as Covid Wave Worsens

The Australian Dollar remains near its yearly lows as Covid cases increase in Australia, prompting extended lockdown concerns. China is set to report its June trade balance.

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US Dollar Forecast: USD/JPY In Focus as Inflation Data Looms

USD/JPY price action, along with the broader US Dollar Index, will likely be front and center during Tuesday's trading session with inflation data due. How might the CPI report impact markets?

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Mexican Peso Outlook: Summer Doldrums Keep USD/MXN Muted as Traders Eye US CPI data

USD/MXN starts the week directionless, oscillating between small gains and losses as traders await U.S. inflation data on Tuesday.

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Wall Street Earnings Season Has Arrived, Here is What to Look For

Wall Street starts a busy earnings period led by big banks, as key economic data and testimony from Jerome Powell also fills out the calendar.

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NZD/USD Rate Rebound Emerges Following Test of June Low

NZD/USD bounces back after testing the June low (0.6923), with the RBNZ widely expected to keep the official cash rate (OCR) at the record low of 0.25%.

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FX Week Ahead - Top 5 Events: UK & US Inflation Rates; BOC & RBNZ Rate Decisions; Australian Jobs Report

It’s the most important week of the month.

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The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions.

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Gold Price Forecast: Gold Gears Up for Big Test with Inflation, Powell

Gold prices put in their worst month in over four years in June, and tomorrow brings inflation data with Powell speaking later in the week. Buckle up.

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USD/CAD to Face BoC Rate Decision, Monetary Policy Report (MPR)

USD/CAD may face range bound conditions ahead of the BoC interest rate decision as the central bank is slated to update its quarterly Monetary Policy Report (MPR).

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South African Rand Dollar Forecast: USD/ZAR Gains as Protests and Lockdowns Overshadow Muted Dollar

South Africa extends level 4 lockdown restrictions, violent protests intensify as economic outlook worsens

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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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FTSE 100 Outlook: Softer Commodity Prices Weigh on the UK Index

Softer commodity prices have contributed to a slower start to the week for the UK index as traders look to UK inflation data on Wednesday

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British Pound Outlook: GBP/USD Treads Water, EUR/GBP Slips Lower on ECB Rethink

Sterling trades flat against the US dollar in early turnover but has picked up against the Euro after the ECB said it may change its policy in July.

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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 Eye $75 as Delta Variant Threatens Growth Outlook

WTI crude oil prices are hovering below the $75/bbl mark as markets weigh the impact of the Delta variant on global energy demand. OPEC+ disputes feed into supply uncertainty. China’s GDP figure is...

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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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Gold Prices Retreat as Yields Rise, US Inflation and Powell Speech in Focus

Gold prices fell as the US Dollar and Treasury yields gained. The emerging Delta variant and China’s RRR cut hinted at slowing growth momentum and the need for further stimulus.

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US Dollar Outlook: Delta Covid Cases Inducing Risk Aversion. THB, PHP, IDR Wobble

The US Dollar may extend gains against ASEAN currencies like the Thai Baht, Philippine Peso and Indonesian Rupiah amid surging Covid cases amid the Delta variant. US CPI is also eyed.

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S&P 500 Hits Fresh Record, Will China's RRR Cut Boost Hang Seng?

Wall Street stocks closed at record highs as investors shrugged off viral concerns and focused on the earnings season. The PBoC cut RRR by 50bps for all banks on Friday, surprising investors.

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AUD/USD at Risk Amid Less-Dovish Fed, PBOC Normalization, Australia-China Tensions: Q3 Top Trading Opportunities

The Australian Dollar may struggle in the third quarter amid a combination of a less-dovish Federal Reserve and potentially consequential knock-on economic impacts from China.

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New Zealand Dollar Forecast: NZD/USD Balancing Covid Risks as RBNZ Approaches

The New Zealand Dollar is off to an upbeat start against the US Dollar after a down week. Rising Covid cases in Australia and the RBNZ meeting later this week are likely to influence price action.

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Markets Week Ahead: USD/JPY, Euro, Dow, Oil, BoC, RBNZ, Inflation, Earnings

Markets experienced some turbulence last week as freefalling bond yields concerned investors and fueled an unwind of the reflation trade. Will volatility continue in the week ahead?

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S&P 500 and FTSE 100 Forecasts for the Week Ahead

Fresh record highs for the S&P 500 as falling bond yields prompt growth stocks to outperform. FTSE 100 consolidates.

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Gold Forecast: Depressed Real Yields and Delta Variant Worries May Boost Bullion Prices

Gold prices may have some short-term upside potential, supported by depressed real yields in the U.S., concerns about the Covid-19 delta variant and China's slowing economy.

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Canadian Dollar Forecast: USD/CAD, CAD/JPY Due for Volatility

Canadian Dollar price action looks ripe for volatility this coming week with USD/CAD and CAD/JPY hinging on event risk posed by the BoC rate decision, BoJ update, US inflation data, and OPEC+ talks.

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Weekly Fundamental US Dollar Forecast: Will Hot Inflation Spark US Yields Again?

The US Dollar (via the DXY Index) has dropped back as the calendar moved into mid-July on the back of declining Fed rate hike expectations and collapsing US Treasury yields.

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Australian Dollar Fundamental Forecast: AUD/USD Rebounds as Bond Yields Recover

The Australian Dollar faces a tough short-term outlook, with the risk-sensitive currency facing a questionable economic recovery as the Delta variant continues to rip through the world.

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Bitcoin (BTC), Ethereum (ETH) Waiting For a Shot of Volatility, Elon Musk Backs Dogecoin, Again

The cryptocurrency market continues to crab sideways as bulls and bears battle for dominance. Both BTC and ETH need a volatility boost to break lethargic market conditions

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Copper Price Forecast: Technicals Stabilizing, Fundamentals in Question

Copper prices have almost staged a meaningful recovery in July. Just not quite yet.

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British Pound Outlook Hinges on UK CPI, Employment Report

Fresh data prints coming out of the UK are likely to sway the near-term outlook for GBP/USD as BoE Governor Bailey insists that the “economy is bouncing back rapidly.”

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DiDi, U.S. Treasury Yields & OPEC+ – FinTwit Trends to Watch

FinTwit is gathering steam these past few weeks as market trends continue to intensify. This week Chinese ride service firm DiDi, U.S. treasury yields and OPEC+ disagreements are dominating headlines.

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Euro Forecast: EUR/USD Rebound Generates RSI Buy Signal

Recent developments in the Relative Strength Index (RSI) indicate a larger rebound in EUR/USD as the oscillator pushes back above 30 to offer a textbook buy signal.

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USD/CAD Drops, CAD/JPY Climbs on Mixed Canadian Jobs Report

The Canadian Dollar is staging a nice rebound during early Friday trade with the Loonie stronger against the US Dollar and Japanese Yen as USD/CAD and CAD/JPY react to the latest employment data.

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NZD/USD Price Outlook: Trading Range Develops Ahead of RNBZ Rate Decision

The Kiwi Dollar looks to have settled into a trading range ahead of the RNBZ rate announcement next week where no change to the rate is expected

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South African Rand Dollar Price Forecast: USD/ZAR Poised for Bullish Breakout?

The South African Rand remains resilient against the US Dollar as price action remains suppressed at major resistance.

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Chinese Yuan (CNH) Sees Muted Reaction Following PBoC Rate Cut

As widely touted, the PboC announces a 50bps rate cut. USD/CNH tests 6.5000.

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Gold Price (XAU/USD) Struggling to Break Meaningfully Higher

Gold’s recent move higher is coming under pressure and the near-term outlook may turn negative if short-term trend support fails.

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British Pound Down on Soft UK GDP Data. Is GBP/USD Topping?

The British Pound fell as May’s UK GDP report fell short of expectations, reinforcing a recent dovish shift in Bank of England policy bets. GBP/USD may be forming a major top.

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Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities

Iron ore prices look primed to rise further in Q3 as a developing US infrastructure plan underpins an already bright outlook amid a global recovery.

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AUD/USD Bears May Remain In Control as Chinese CPI Disappoints

AUD/USD remains under pressure as commodities retreat. Fed hawkishness spurs further gains for USD as China looks set for additional easing.

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Dow Jones Retreats as Sentiment Sours, Will Hang Seng Index Follow?

Wall Street stocks pulled back broadly on Thursday as viral concerns casted a shadow over the growth outlook. 10-year Treasury yields fell to a 4-month low as reflation hopes faded, setting a sour ...

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Australian Dollar Forecast: Risk Aversion Hammers AUD/USD, Chinese Inflation Eyed

Risk aversion swept through markets overnight, driving Treasury yields lower and dragging the risk-sensitive Australian Dollar down. Traders are watching Chinese inflation figures to cross the wires.

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Mexico’s High Inflation Opens Door to More Rate Hikes, Mexican Peso Outlook Brightens

Banxico may have to raise interest rates several times in the second half of the year to combat elevated inflation. Tighter monetary policy is likely to support the Mexican peso.

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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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Oil Price Rebound Emerges as US Inventories Contract for Eighth Week

The price of oil extends the rebound from the weekly low ($70.76) as US inventories contract for eight consecutive weeks.

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

The ECB’s July meeting is set to convene in two weeks, coming on the heels of its 18-month policy review that concluded on Thursday.

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Yen Rallies on Rates Theme: USD/JPY, EUR/JPY, GBP/JPY

We're in the summer and ranges are common, but the Yen may be threatening a larger reversal as US rates continue to fall.

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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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S&P 500 Testing Fibonacci Support as MACD Eyes Crossover

S&P 500 price action is coming under pressure as the stock market pulls drops over -1% from all-time highs. Investors might look to defend nearside technical support, but a MACD crossover looms.

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AUD/USD Trades to Fresh 2021 Low as RBA Defines ‘Full Employment’

AUD/USD trades to a fresh yearly low (0.7417) as RBA Governor Philip Lowe defends the dovish forward guidance for monetary policy.

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Crude Oil Outlook: Brent Falls as Technicals Reflect Bearish Fundamentals

Crude oil fundamentals have been stacking up with vagueness around OPEC+, the Japanese state of emergency and rising US-Iraq tensions; all culminating in a bearish image on the Brent crude price ch...

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Mexico’s Annual Headline Inflation Cools, but Core CPI Jumps, USD/MXN Shrugs Off Data

Mexico's annual headline CPI cools modestly in June, but the core gauge soars to its highest level since December 2017, a sign that inflationary pressures are become more broad-based.

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ECB Strategy Review: ECB Sets Symmetrical Inflation Target

ECB announces new inflation target as expected. Lagarde to speak from 1330BST.

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Equities Resume Pullback: DAX 30 and FTSE 100 Face Critical Levels

The DAX 30 is a tempting a bearish break from its triangle whilst the FTSE 100 toys with key support

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Japanese Yen Forecast: USD/JPY Tracks Plunging US Rates, JPY Bears Vulnerable

Low yield FX outperform as US yields extend slide. Japanese Yen bears vulnerable to bigger drop.

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EUR/USD Near Three Month Lows Ahead of ECB Policy Review

EUR/USD is trading just above 1.1800 and traders will be keen to see the outcome of the ECB’s long-awaited Strategy Review later in the session

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US Dollar May Score Key Break vs. Aussie as Market Mood Sours

The US Dollar may score a key breakout against its Australian namesake as China clamps down on tech firms and the Fed frets out-loud about inflation.

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Silver Price Forecast: A Stronger US Dollar May Weigh on XAG

Silver prices traded lower as the US Dollar climbed to a 3-month high after June’s FOMC meeting minutes were released. Prices may continue to consolidate in a tight range with an eye on $25.50 for ...

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Crude Oil Price Outlook Remains Chained to OPEC+ Output Uncertainty

Growth-linked crude oil prices weakened over the past 24 hours, remaining depressed by OPEC+ output uncertainty despite a recovery in market sentiment. WTI is eyeing a key trendline.

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New Zealand Dollar Technical Forecast: NZD/CAD, NZD/CHF, AUD/NZD Key Levels

The New Zealand Dollar's stance against the Canadian Dollar, Swiss Franc and Australian Dollar look set to strengthen further as technical patterns and levels signal a bullish bias for the Kiwi Dol...

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Gold Price Forecast: Delta Variant a Possible Tailwind for XAU/USD?

The quickly-spreading Delta Covid variant poses a potential headwind for the economic rebound narrative. That bodes well for gold prices as it may temper Fed rate hike bets.

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S&P 500 Climbs after FOMC Minutes, Nikkei 225 and ASX 200 Open Mixed

The S&P 500 index closed at an all-time high as the FOMC minutes suggested that Fed officials are “patient” in tapering stimulus. Asia-Pacific markets are positioned to open mixed.

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Crude Oil Prices Fall on OPEC+ Uncertainty, Rising Shale Oil Output

WTI crude oil prices pulled back after briefly hitting a six-year high, as a fruitless OPEC+ meeting added supply uncertainty and threatened a price war. US shale oil production has climbed in rece...

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New Zealand Dollar: Positive Job Ads May Provide Tailwind for Kiwi Dollar

The New Zealand Dollar is aiming higher against the US Dollar. Positive job ads for June is helping lift sentiment, though markets remain wary over the spreading Delta Covid variant.

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Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3

Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to waning bullish impetus.

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Nasdaq 100 Forecast: Technology Stocks Extend to New Heights With Earnings Ahead

The Nasdaq 100 continues to push to new heights as Treasury yields slip and earnings season approaches. While the outlook is encouraging, consolidation may be required before the next leg higher.

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US Dollar Pares Gains Despite Hawkish Tone in FOMC Minutes

The broader DXY Index is erasing gains to trade flat on the day as US Dollar price action pulls back from session highs following the release of June 15-16 Fed meeting minutes.

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Canadian Dollar Shrugs Off Strong Ivey PMI Data, USD/CAD Jumps as Oil Tanks

Economic activity accelerates in June in Canada and rises for the fifth consecutive month, but the PMI data fails to boost the Canadian dollar.

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Oil Price Forecast: Crude Catches Resistance Near Six-Year-Highs

Crude oil has been bid up to fresh highs and buyers are threatening another breakout, with prices testing a key zone on long-term oil charts.

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EUR/USD Price Analysis: Tech Snapshot Ahead of FOMC Minutes

FOMC minutes could validate yesterday’s seemingly pre-emptive move in EUR/USD if hawkish narrative persists.

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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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Canadian Dollar Price - USD/CAD Short-Term Outlook in The Hands of The FOMC

The latest FOMC minutes will be released later today and these will likely decide the next move in USD/CAD

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USD/JPY to Try to Move Higher out of Macro Wedge: Q3 Top Trading Opportunities

USD/JPY had been in a narrowing range the past few years, and on that was a chart that had been of interest for some time for the very reason that it hadn't been of much interest to the broader mar...

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Gold Price Forecast: Gold Continues to Shine Despite USD Gains

Gold remain supported despite USD gains as real yields fall deeper into negative territory.

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British Pound Outlook: GBP/USD Showing Indecision Ahead of FOMC Minutes

Evenly balanced price pressures are keeping GBP/USD calm ahead of FOMC minutes

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Euro May Fall vs. US Dollar as FOMC Minutes Drive Fed Outlook

The Euro may fall against the US Dollar as minutes from June’s FOMC meeting reinforce bearish technical positioning after prices broke chart support.

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Crude Oil Prices Fall on OPEC+ Uncertainty, Rising Shale Oil Output

WTI crude oil prices pulled back after briefly hitting a six-year high, as a fruitless OPEC+ meeting added supply uncertainty and threatened a price war. US shale oil production has climbed in rece...

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Bitcoin (BTC/USD) Forecast: Bitcoin Remains Range-Bound, Clinging to $34,000

Bitcoin prices are struggling to find direction in the aftermath of April’s top, which sent BTC/USD tumbling as much as 50%. Now, prices are range-bound. What are key levels to watch?

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Dow Jones Retreats as Yields Fall, Regulatory Risk Weighs on Hang Seng Index

The Dow Jones pulled back from all-time highs as 10-year Treasury yields plunged, signaling near-term risk aversion. The Hang Seng Index fell for a sixth day amid rising regulatory scrutiny on tech...

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Yen Q3 Fundamental Forecast: Road Ahead Remains Tough

The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.

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