Trading Forex at the News Release

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

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AUD/USD Bounces as US Dollar Digests Powell Pivot and Data Beat. Where To From Here?

The Australian Dollar made a new low overnight on the back Fed Chair Jerome Powell retiring transitory inflation. Will the AUD/USD downtrend continue?

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Crude Oil Forecast: OPEC+ on Tap as Prices Languish Below Key Moving Average

Oil prices fell sharply in November as a myriad of factors weighed on prices. OPEC+ is meeting this week and the cartel is likely to take a cautious approach until the Omicron threat is further ass...

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Gold Prices Sink as Powell’s Pivot Lifts Treasury Yields. Will XAU/USD Go Lower?

Gold prices moved lower on Fed Chair Jerome Powell changing tack around transitory inflation to push Treasury yields higher. Will XAU/USD weaken further?

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Australian Dollar Forecast: AUD/USD Aims Higher on Third Quarter GDP Beat

The Australian Dollar is on the move lower versus the US Dollar despite Australia's third-quarter GDP growth beating estimates. The Omicron variant and a more hawkish Fed Chair has markets cautious.

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How to Trade the Impact of Politics on Global Financial Markets

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

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IBEX 35 Heads Lower on Renewed Virus Fears as Omicron Variant Spreads Across EU

The IBEX 35 Index rounded out November by finishing 1.8% lower, with losses fueled by renewed virus fears.

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Dow to Nasdaq Ratio, Crude Oil, Treasury Curve: Top Three Monthly Charts as December Begins

We have closed out November and are now heading into the final month of the trading year. With seasonal expectations competing with critical fundamental concerns, these are top three big-picture ch...

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Nasdaq 100 Sinks as Fed Weighs Faster Taper Timeline; Omicron Adds to Market Worries

Concerns about the Omicron variant, along with the Fed's message that it may be appropriate to taper asset purchases at a faster-than-planned pace to cool inflation weigh on U.S. stocks.

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AUD/USD Rate Vulnerable to Contraction in Australia GDP

Fresh developments coming out of Australia may keep AUD/USD under pressure as the Gross Domestic Product (GDP) is anticipated to show a contraction in the growth rate.

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

The US Dollar caught a strong bid this morning when Powell warned of inflation pressure. This webinar looked at numerous setups around the USD.

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EUR/USD Forecast: Euro Rebound in Focus Following RSI Buy Signal

EUR/USD may stage a larger recovery over the coming days as the Relative strength Index (RSI) bounces back from oversold territory to indicate a textbook buy signal.

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Crude Oil Drops Ahead of ‘OPEC+’ Meeting after Current Vaccine Effectiveness Questioned

Brent crude oil dropped sharply after comments from Moderna CEO around current vaccine effectiveness exacerbated Friday’s decline. OPEC with lots to consider on Thursday

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XAU/USD Forecast: Gold Price Plummets After Fed Chair Powell’s Speech

Gold prices fell in early U.S. trading during Fed Chair Powell’s testimony after accepting higher inflation while allowing for the prospect of quicker than expected asset purchases.

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US Dollar Spikes Higher as Fed's Powell Retires Transitory View on Inflation

Fed's Powell Removes Transitory View on Inflation, Signals Faster QE Taper

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USD Breaking News: Consumer Confidence Miss Burns Dollar, Powell Testimony

The dollar continues to fall as measured by the DXY as investors view the dollar through a more dovish lens, while markets eye Fed Chair Powell’s testimony for more clarity.

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Omicron Impact on Markets to Wane | Sentiment Webinar

Trader confidence has been hit hard by the spread of the Omicron variant of Covid-19 but indications that its effect on people is mild should allow stocks and other vulnerable assets to recover.

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USD Buying Picks Up Prior to Omicron Scare, CAD Flips Net Short - COT Report

USD net longs boosted ahead of Omicron concerns. CAD tracking oil lower.

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Gold Price Outlook: Struggling to Break Higher Despite Renewed Risk-Off Sentiment

Gold is back below $1,800/oz. despite a renewed sell-off in risk markets as Moderna CEO warns of potential Omicron vaccine struggles.

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British Pound (GBP) Price Outlook: EUR/GBP Rally May Run Out of Steam

The past week’s rally in EUR/GBP will likely falter soon as concerns about the Omicron variant of Covid-19 recede and a reshuffle of the UK Labour Party’s shadow Cabinet is shrugged off.

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

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

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Crude Oil Prices Sink as Moderna CEO Warns on Omicron Ahead of OPEC+. Where To for WTI?

Crude oil succumbed to negative headlines about the Omicron variant being resistant to vaccines. Can prices recover to prompt action from OPEC+ on Thursday?

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Gold, Iron Ore Forecast: XAU Drops With Inflation Bets, Iron Jumps on China News

Gold prices failed to recover with the broader market, as a stronger US Dollar and falling inflation expectations hurt the yellow metal. Meanwhile, iron ore jumped higher as China readies blast fur...

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AUD/USD Bounce May Extend Higher After China PMIs Impress

AUD/USD may extend its Monday bounce after China's November PMI data showed a strong improvement from the prior month. Higher iron ore prices may also boost the Australian Dollar.

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Hang Seng Hovers Near 2021 Lows as Virus Fears Continue to Linger

The Hang Seng Index fell by just under 1% as Omicron weighs heavily on market sentiment.

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S&P 500 Rallies as Biden Rules Out New Lockdowns, but Omicron Remains a Wild Card

The S&P 500 rebounds at the start of the week as a relative sense of calm returns to Wall Street, but uncertainty over the Omicron variant will keep investors on edge for the next few weeks.

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US Dollar Support Test: AUD/USD, USD/CAD Primed for Powell

The US Dollar is clawing back losses from the Omicron scare late last week. But the attention will soon shift to Jerome Powell ahead of his Congressional testimony.

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Crude Oil Update: Moderna Eyes Early 2022 for Omicron Vaccine, ‘OPEC+’ Delays Technical Meeting

Friday’s crude oil Back Friday sale during lower post-Thanksgiving liquidity looking more likely to be an overreaction amid Omicron optimism

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Euro Rise Likely Temporary, USD to Reassert Dominance But Watch for Powell Risk

Euro shorts squeezed on Covid fears, however, rise is likely temporary

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Crude Oil Trading Strategies and Tips

Crude oil is the most valuable market on Earth, and a key commodity for today's economy. But how can traders build strategy to trade crude oil?

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USD/ZAR Forecast: Friday’s Omicron Overshoot Sees Rand Open Higher

The “South African” dubbed Omicron variant, saw the rand nosedive last week as USD/ZAR hit 2021 highs, while travel bans may see the ZAR continue its descent.

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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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Dow, Nasdaq 100 and FTSE Open Higher, Covid Variant Fears Remain the Dominant Market Force

Despite losses overnight in Asia, Europe is opening on the front foot with decent gains across the board.

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Gold Prices Struggle Even as Markets Convulse Amid Omicron Fears

Gold prices struggled even as financial markets convulsed amid worries about the potential impact of a new, “of-concern” Omicron variant of Covid-19.

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Euro Gains Under Threat as US Dollar Recovers From Omicron News. Where to for EUR/USD?

The Euro was weaker against the US Dollar today as the market digested the implications of Omicron and what it means for Fed tightening. Can EUR/USD recover?

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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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Crude Oil Price Volatility Explodes on Omicron News Ahead of OPEC+. Where to For WTI?

Crude oil recovered some lost ground as the fallout from a new strain of coronavirus might force a re-think on releasing reserves or restricting production. Can WTI rally?

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Australian Dollar Threatens Key Level as APAC Traders Eye Omicron News

The risk-sensitive Australian Dollar faces a tough session ahead, with APAC traders set to digest fresh news about the new 'Omicron' Covid-19 variant out of South Africa. AUD/USD is flirting with a...

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

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

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How to Control Greed When Trading

Greed can turn good trades into bad ones and bad trades into worse trades. Learn how to manage it.

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What is FOMO in Trading? Characteristics of a FOMO Trader

What is FOMO in trading, why does it happen and how does it impact trading success?

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10 Trading Mistakes to Avoid in Forex Trading

Human error in the FX market is common and can lead to common trading mistakes. See the top 10.

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The Psychology of Speculation in the Forex Market

Find out how to develop a positive trading mindset to speculate on forex like a professional.

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The New York Session: Forex Trading Tips

When the US session overlaps with the London session it is considered the most liquid period of the day.

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Trading the London Session: Guide for Forex Traders

Discover the London FX session, the best currency pairs to trade and how to trade breakouts.

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3 Trading Exit Strategies – How to Exit a Profitable Trade

Explore 3 trading exit strategies that traders should consider when looking to get out of a trade.

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Trading Journal: What it is and How to Create One

Explore the benefits of a trading journal and how to create one that aligns with your strategy.

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How Forex Traders Use ISM Data

Forex traders closely watch ISM monthly manufacturing reports. Learn to trade using ISM data.

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How to use the PPI in Forex Trading

Inflation rate can determine the value of a country’s currency. Learn how the PPI impacts forex.

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Major Forex Trading Sessions from Around the World

All traders should know of the 3 major forex trading sessions which comprise the 24-hour market.

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3 Types of Forex Analysis

Discover the 3 types of forex analysis used to anticipate market movements and analyse trends.

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Using the COT Report in Forex Trading

The weekly Commitment of Traders Report provides information on the positioning of currency pairs.

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Dow, Nasdaq 100 and S&P 500 Set to Open Sharply Lower on Fresh Covid-19 Scare

Fears that a new Covid-19 variant may force fresh lockdown measures have sparked a strong risk-off climate, hammering global stock markets lower

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Euro Forecast: EUR/USD Bounces But Further Losses Lie Ahead

This week’s coalition agreement in Germany will lead to a new Government dedicated to more investment. However, the ECB is unlikely to respond and that means more losses ahead for the Euro.

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Crude Oil Price Plummets as New Variant Triggers Risk-Off Sentiment

Friday prompted a market wide selloff as COVID-19 worries deepened. Crude oil prices fell as demand prospects dulled, while SPR releases compounded the problem.

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South African Rand Battered as UK Restricts SA Travel Ahead of the Holiday Period

USD/ZAR breaks above 16.00 as the UK moved quickly to put SA back on the red list. UK travel secretary adopts “safety first” approach to relatively unknown variant

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XAU/USD Forecast: Gold Prices Rebound as COVID-19 Fears Take Hold

Spot gold prices surged on Friday as the new South African variant sent XAU/USD above the $1800 handle. Bullion could see a rally into year end should the virus intensify.

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Global Stock Markets Slump, Risk Shunned on New Covid Variant Fears

News that the World Health Organization (WHO) is monitoring a new, highly mutated form of Covid-19 has sent global stock markets sharply lower in holiday-thinned conditions.

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Currency Carry Trade: What is it and how does it work?

Learn how to calculate and implement currency carry trades in your forex trading strategy.

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Crude Oil Sinks as US Dollar Soars Ahead of OPEC+. Will Supply Tap Out For WTI?

Crude went lower today as the growth outlook diminished due to a new variant of Covid-19 being identified. Can oil break out of the recent range?

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Australian Dollar Volatility Remains In-Check, Despite Big Beat On Retail Sales Data. Where to for AUD/USD?

The Australian Dollar remained steady immediately after retail sales data showed a large increase over the month of October. Can AUD/USD find support?

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What Trading Style Best Suits Your Personality?

Trading style often aligns with personality and lifestyle and influences a trading strategy and plan.

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7 Step Trading Checklist Before Entering Any Trade

A checklist is a vital part of the trading process; helping traders to be disciplined and confident.

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How to Be a Part Time Trader: Tips on Workflow and Strategy

The 24-hour FX market makes it easier for part time day traders to take advantage of trends.

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How to Create a Trading Plan in 7 Steps

A trading plan guides traders through the trading process. Learn how to set one up in 7 steps.

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What Type of Forex Trader Are You?

What forex trading style best suits your personality? Read on to find out.

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Hawkish vs Dovish: How Monetary Policy Affects FX Trading

Hawkish and dovish policies affect FX rates through a mechanism referred to as 'forward guidance'.

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Brent Crude Latest: Coordinated SPR Release Unlikely to Effect High Oil Prices

Biden’s coordinated response to high oil prices resembles a mere drop in the ocean and looks unlikely to produce long lasting price relief

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EUR/USD Forecast: Euro Hits Pre-COVID Levels, Further Weakness to Come?

The Euro has had a tough 2021 thus far, and could only get worse. A dovish ECB coupled with present COVID-19 concerns, EUR/USD is primed for further downside.

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US Dollar (DXY) Takes a Break, Chart Set-Up Remains Positive

The US dollar is taking a Thanksgiving break and turnover is expected to be low until the start of next week when the recent rally is expected to resume.

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Avalanche “Ethereum-Killer” Cryptocurrency Grows to $28 billion Market Cap

Avalance and Avalabs show promise to be potential industry-leaders in the blockchain and cryptocurrency space.

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British Pound (GBP) Price Outlook: GBP/USD Approaching Key Support Levels

GBP/USD continues to look weak, due principally to a strong US Dollar, but is now close to some important supports that might halt its slide temporarily.

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Using Stop Loss Orders in Forex Trading

Market movements can be unpredictable. The stop loss can provide protection against losses.

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Types of Forex Orders

Explore the many different types of forex orders, which traders use to manage their trades.

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Crude Oil Heats Up Ahead of OPEC+ And Post FOMC Minutes. Will WTI Break Higher?

Oil prices steadied again today despite the US Dollar gaining round elsewhere and a war of words broke out between OPEC+ and the US. Where to for crude?

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Using Margin in Forex Trading

Learn the importance of margin in forex trading and how to apply it.

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What is Leverage in Forex? Forex Leverage Explained

Find out how leverage works and how to manage your risk when trading FX with leverage.

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Forex Spreads Trading Strategies & Tips

Learn how to master the forex spread and keep your trading costs low with our strategies and tips.

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A Guide to Trading Psychology

The psychology of trading is often overlooked but is a key part of a professional trader’s skillset.

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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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Forex Trading Journal: A How-To and other Forex Trading Tips

Log your trades and refine your strategies based on learning from previous experiences.

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Data Brokers & the Menace of Surveillance Capitalism

A secretive industry sells Americans' data to marketers, companes and governments, both foreign and domestic. Is your privacy for sale?

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How to Manage Fear and Greed in Trading

Fear and greed, two drivers that influence our lives, can carry over to trading and be detrimental.

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Oil Price Rebound Takes Shape as Crude Defends October Low

The price of oil may stage a large rebound over the coming days as it carves a series of higher highs and lows after defending the October low ($74.23).

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Canadian Dollar (CAD) Struggling Against the US Dollar, Running Over The Euro

The Canadian dollar is at a multi-year high against the Euro, but is finding life difficult against a rampant US dollar.

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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 Analysis: Fed Appointment, Rate Hike Expectations & Strong USD Weigh on Gold

Gold looks unlikely to break above 1800 with the recent rise in treasury yields across the board and a rampant dollar keeping it at bay

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Natural Gas Outlook: U.S. Sanctions on Nord Stream 2 Push LNG Higher

Natural Gas has broken above a key level after weather forecasts and uncertainty around Russian NDS 2 LNG supply to Europe supports the U.S. gas benchmark (Henry Hub).

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British Pound (GBP) Price Outlook: GBP/USD Brushes Off Government Setback

GBP/USD is stabilizing after its recent falls despite an upset for Boris Johnson in Parliament, but there’s a risk the Pound could suffer longer-term from growing pressures on the UK Prime Minister.

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Crude Oil Prices Up on Limp Reserves Release, PCE and FOMC Minutes Eyed

Crude oil prices rose after a US-led effort to release reserves underwhelmed. US PCE inflation data and November’s FOMC meeting minutes may revive selling pressure.

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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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Japanese Yen Hit by Crude Oil, US Dollar and US Yields Impacts. Where to for USD/JPY?

The Japanese Yen has been under pressure but found some respite today as US Treasury yields pulled back from their highs. Will USD/JPY make new highs?

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Stock Market Holiday Calendar 2020/21

What holiday-related events impact the stock market? Find out in our annual holiday calendar.

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Gold Prices Hit by Rising US Yields Lifting the US Dollar. Will XAU/USD Go Lower?

Gold prices moved lower in the aftermath of Fed leadership resolution that pushed Treasury yields and the US Dollar higher. Will XAU/USD weaken?

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NZD/USD Volatile After RBNZ Lifts OCR Rate by 25 Basis Points. Focus Shifts to US PCE

The New Zealand Dollar gyrated versus the US Dollar after the RBNZ raised its official cash rate (OCR) by 25 basis points, meeting analysts' expectations.

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AUD/USD Weakness Moderates Above Key Levels as Wall Street Rotation Continues

The Australian Dollar was largely unchanged versus the Greenback overnight as Wall Street rotated out of tech stocks. The RBNZ rate decision and commentary from RBA Assistant Governor Bullock are o...

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Swiss Franc Technical Analysis: EUR/CHF, GBP/CHF, AUD/CHF

Multiple Swiss Franc crosses are at key technical junctions. These are the setups for EUR/CHF, GBP/CHF, AUD/CHF.

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Mexican Peso Weakens Amid Turkish Lira Meltdown & Rising U.S. Yields, USD/MXN Soars

The Mexican peso weakens against the U.S. dollar as the plunge in the Turkish lira weighs on sentiment, while rising U.S. yields aggravate the sell-off.

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S&P 500, Nasdaq: Stocks Shaky, Rates Up After Yellen's 'Endemic' Comment

Treasury Secretary Janet Yellen dropped an important comment yesterday on the topic of inflation, and rates have been running higher ever since.

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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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USD/JPY Bullish Price Action Fuel by Hawkish Fed Rhetoric

The bullish price action in USD/JPY may persist as Federal Reserve officials show a greater willingness to implement a rate hike sooner rather than later.

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US Dollar Rally Halted amid Mixed November US Markit PMIs

A slew of US growth trackers for November came in mostly disappointing, giving pause to the recent greenback surge.

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Turkish Lira Continues Blowout Nearing 20% Daily Decline, ZAR Caught in its Wake

Turkish President Tayyip Erdogan’s support of rate cuts sends the Lira into a tailspin while the ZAR struggles to make headway in the aftermath despite recently raising rates

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Market Sentiment Data Send Bearish Signal for NZD/USD | Webinar

Trader confidence remains high in the financial markets generally, but IG client sentiment data are sending out a bearish contrarian trading signal for NZD/USD.

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Gold Price Outlook – Sellers Remain in Control as US Treasury Yields Jump

US Treasury yields moved higher on Monday after Jerome Powell was re-elected as Fed chair pushing the price of gold sharply lower.

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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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British Pound (GBP) Price Outlook: GBP/USD May Fall Further as USD Strength Persists

The US Dollar remains firm as Jay Powell’s reselection as Fed chair brings a withdrawal of US monetary stimulus closer; that suggests a continuation of the current weakness in GBP/USD.

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Crude Oil Prices Still at Risk After Hitting 2-Month Low

Crude oil prices may suffer deeper losses amid broad-based risk aversion across financial markets after the WTI contract hit a two-month low.

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EU Breaking News: Flash PMI Indicates November Expansion, Euro Higher

The Euro gained on the back of better than expected flash composite PMI data for November, disregarding COVID-19 concerns. U.S. PMI in focus as EUR/USD ticks higher.

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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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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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US Dollar Leaps on Fed Re-Nomination Pumping Up Treasury Yields. Will USD Keep Going?

The US Dollar tracked higher today as the market absorbed Jerome Powell getting the nod from Joe Biden. Can anything stop the Dollar train?

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Gold Looks to Defend Key 1800 Level as PCE Inflation Data Nears

Gold is holding above the key 1800 level after prices drop hard following President Biden renominating Jerome Powell to lead the Federal Reserve. Bullion traders now turn their focus to US PCE data.

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Nasdaq 100 Sinks, Dow Jones Outperforms after Powell Renomination. Nikkei 225 at Risk

The Nasdaq 100 sank as the Dow Jones outperformed with rising Treasury yields after Fed Chair Jerome Powell was renominated by President Joe Biden. Ahead, the Nikkei 225 may fall.

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AUD/USD May Rise After PMIs Reveal Robust Recovery as Vaccination Rates Swell

AUD/USD may rise after PMI data showed robust growth in Australia amid surging vaccination rates. That follows a tough overnight session when the US Dollar surged on Biden's Fed announcement.

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Natural Gas Prices Decline Yet Again, More Pain Ahead?

Natural gas prices were lower on Monday as weather forecasts for the beginning of December were milder than previously expected.

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S&P 500 Retreats Despite Powell’s Renomination, XLF Gains as U.S. Yields Soar

The S&P 500 closes lower at the start of the week, despite an earlier rally triggered by Powell's renomination to Fed chair. Meanwhile, the XLF ETF climbs about 1.4% on rising bond yields.

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FX Week Ahead - Top 5 Events: RBNZ Rate Decision; German Ifo Business Climate Index; US Durable Goods Orders; US Core PCE; November FOMC Minutes

The shortened holiday week packs in all of its important events and releases on Wednesday.

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NZD/USD Rate Outlook Hinges on RBNZ’s Last Rate Decision for 2021

The Reserve Bank of New Zealand (RBNZ) interest rate decision may sway the near-term outlook NZD/USD as the central bank is expected to deliver another rate hike.

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Gold Price Forecast: Gold Gutted After Powell Nom, XAU/USD Bear Flag

Gold prices are getting crushed today after Chair Powell was nominated for a second term, giving more credence to the 'transitory' narrative around inflation.

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EUR/USD Rate Weakness to Persist as RSI Holds in Oversold Zone

EUR/USD may continue to give back the advance from the July 2020 low (1.1185) as long as the Relative Strength Index (RSI) holds in oversold territory.

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Nasdaq 100 Forecast: U.S. Tech Stocks Remain Attractive as Real Yields Decline, Powell Reappointed

The reappointment of Fed Chair Jerome Powell had Nasdaq 100 investors cheering as hesitation abated. Falling real yields continue to buoy elevated NDX levels but technicals point to a looming corre...

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Jerome Powell Tapped by Biden for Second Term as U.S. Federal Reserve Chair

Arguably the most dovish chairman in recent Fed history, Jerome Powell, will continue to helm the U.S. Federal Reserve in a post-pandemic economy. Markets reacted well, with USD up and equities loo...

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Powell versus Brainard: Next Fed Chair Pros and Cons

US President Joe Biden is expected to make his decision on who will be the next Fed Chair in the coming days.

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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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EUR/USD Under Pressure amid German Lockdown Fears, Strong US Dollar

The Thanksgiving holiday may provide a slight reprieve for EUR/USD in a week that could see the currency drop towards 1.1200 depending on US data

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British Pound (GBP) Outlook – EUR/GBP Clinging on to Multi-Month Support

EUR/GBP remains stuck at recent support and further losses remain on the cards.

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USD/ZAR Forecast: Dollar Bid As Risk Aversion Extends, Rand to Test 16.00?

EM’s including the rand extend last week’s losses as markets flock to safe-haven currencies in the wake of COVID-19 fears

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Crude Oil Tanks on Speculation of Supply From the US and Japan. Will WTI Continue to Break Support?

Oil forecasts toward US$ 100 a barrel have been questioned by the market as strategic stockpiles may provide relief. Can oil slide further?

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Gold Price Rise Hits a Wall on Hawkish Fed Comments, Key US Data Eyed

Gold prices retreated as a Fed official loudly called for faster stimulus withdrawal. US PMI, PCE and GDP data informing monetary policy bets now comes into focus.

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AUD/USD Eyes Upside on Potential Loan Prime Rate Cut in China

AUD/USD has China's monthly Loan Prime Rate fixing in focus amid an otherwise quiet economic docket. A surprise cut could spur some strength in the Australian Dollar.

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Powell versus Brainard: Next Fed Chair Pros and Cons

US President Joe Biden is expected to make his decision on who will be the next Fed Chair in the coming days.

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Weekly Fundamental US Stocks Forecast: Time to Buy the Dip for Year-End Rally

The end of November and beginning of December is typically one of the best times of the year for US stocks. The Santa Claus rally nears.

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

Volatility gripped markets on Friday, sinking the Dow Jones and crude oil as the tech-heavy Nasdaq 100 rose. European lockdown threats are in focus, with a busy in the United States for the US Doll...

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Euro Forecast: EUR/USD Outlook No Brighter For Week Ahead Despite Savage Falls

The key question for EUR/USD traders in the coming week is whether all the negativity towards the Euro has now been so fully discounted that a rally is due. The answer? Probably not.

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British Pound Outlook: US Dollar Strength Holds GBP/USD Bulls at Bay

GBP/USD continues to struggle to climb higher as USD strength hinders the bulls ability to drive prices higher. EUR/GBP aims lower

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Gold Price to Stay Afloat on Strong US PCE Price Report

The update to the Personal Consumption Expenditure (PCE) Price Index may prop up the price of gold if the Fed’s preferred gauge for inflation rises for 11 straight months.

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Crude Oil Fundamental Forecast: US and China Square Off Against OPEC

Oil fell last week after the United States and China appeared to coordinate efforts to fight high prices. Will potential SPR releases between the two superpowers put OPEC on the defense?

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US Dollar Forecast: Key Inflation Data, Biden Fed Nomination in Focus

The US Dollar may remain on the offense with the Fed's preferred gauge of inflation - core PCE - expected at the highest since 1991. Will Joe Biden's Fed Chair nomination have lasting US Dollar imp...

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Bitcoin (BTC) and Ethereum (ETH): A Period of Strong Consolidation is Needed if The Long-Term Trend is to Resume

This week's sell-off has called into question the multi-month crypto rally. A period of rebuilding can help get the market back on track.

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RBNZ Preview: How will the New Zealand Dollar React?

With inflation and employment data much better than the RBNZ expected, risks are geared towards a possible 50bps hike.

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Australian Dollar Outlook: US Dollar, Treasuries, RBA, Fed. Is AUD/USD Sidelined?

The Australian Dollar was undermined by US Dollar strength and then a feisty bond market that over-reached. What is going to drive AUD/USD from here?

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Oil Suffers Worst Decline Since July with Covid, Potential Reserve Releases Weighing on Sentiment

Oil prices continue to come under pressure as Covid lockdowns and potential strategic supply releases weigh on price.

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Pound Sterling Forecast: GBP Lacking Significant Tailwinds Despite Positive Retail Sales Data

Despite positive retail sales data, Sterling contends with a stronger dollar, post-Brexit headaches and apparent change in sentiment

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USDCAD: Oil Drop & European Lockdown Risks Trump Retail Sales

USDCAD looking to oil and European lockdown risks.

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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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U.S. WTI Crude (CLc1), Alibaba (BABA) & USD/TRY – FinTwit Trends to Watch

An exponential rise in market volatility this week created FinTwit havoc with European COVID-19 cases hurting growth prospects reflective in crude oil prices, Turkey’s rate decision creating EM ave...

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GBP/USD Outlook - Sterling Propped Up by Data But US Dollar Strength Controls Cable

Positive UK retail sales data are helping Sterling push forward but the US dollar is running the show against a range of USD-pairs, including GBP/USD.

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EUR/USD Slides Germany Cannot Rule Out Possible Lockdown on Covid Surge

Euro risks remain lower as Germany cannot rule out possible lockdown

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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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Japanese Yen Looks to Consolidate Against the US Dollar After Making New Lows. Can USD/JPY Go Higher?

The Japanese Yen has taken a pause from weakening after establishing a multi-year low against the USD. Will USD/JPY resume trending higher?

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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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USD/JPY Aims Higher After Japan’s Core CPI Falls Short of Expectations

USD/JPY appears to be ready to finish out the week with gains as Japanese Yen weakness continues following CPI data for October.

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Nasdaq 100 Leads Markets Higher as FAANG, Chipmakers Outperform

Nasdaq 100 components outperformed on Thursday, as chipmakers and FAANG names carried equities higher.

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Mexican Peso Falls as Turkish Lira Crisis Saps EMFX Sentiment, USD/MXN Eyes Resistance

The Turkish Lira plunge weighs on EMFX through the sentiment channel, causing moderate losses for the Mexican peso, but contagion and spill-over should be limited in the near-term.

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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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Oil Price Still Vulnerable amid Failure to Defend Monthly Opening Range

Recent price action raises the scope for a larger correction in crude oil as it fails to defend the opening range for November.

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Stock Trader Sara Goldstein on Developing an Expertise

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

Market pricing for the BOC and RBA has relaxed over the past week while the outlook for the RBNZ remains extremely aggressive.

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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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Find Your Forex Entry Point: 3 Entry Strategies To Try

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

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USD/JPY Rate Eyes March 2017 High as Bull Flag Formation Unfolds

The move above the November 2017 high (114.74) may push USD/JPY towards the March 2017 high (115.50) as it breaks out of a bull flag formation.

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Rand Breaking News: SARB Rate Hike Favors Currency Protection Over Economic Growth

The SARB expectedly raised interest rates to 3.75% from 3.5% previously although the MPC were split on the decision. Rand depreciation seems like the primary influence for the hike. Markets shrug o...

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US Earnings Update: Macy’s JD.Com and Alibaba latest

Macy’s and JD.Com report positive earnings, Alibaba misses expectations and lowers forecast for remainder of the year

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Crude Oil Price to Remain Capped on Strategic Reserve Release Talk

The US is pushing China, India, and Japan to release some of their strategic oil reserves to drive down the cost of oil.

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Turkey’s Central Bank Cuts Rates by 100 Basis Points; USD/TRY Remains Volatile

The Central Bank of the Republic of Turkey hints at further easing in December, cuts rates by 100 bps to 15%

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Article 16: Why Triggering it Risks an All Out UK-EU Trade War

Tensions rise between the UK and EU over the Northern Ireland protocol. Failure in talks raises risk of the UK triggering Article 16

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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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British Pound (GBP) Price Outlook: GBP Strength at Risk From Political Turmoil

This week’s strength in GBP/USD, and weakness in EUR/GBP, is at risk from a UK political upheaval over sleaze allegations and second jobs for members of the Westminster Parliament.

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Canadian Dollar Down on CPI and Yields as Risk Turns Off. Will USD/CAD Keep Rising?

The Canadian Dollar weakened after CPI printed in line with forecasts and risk assets came under pressure. Can USD/CAD continue to run higher?

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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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Crude Oil Prices Sink with Dow Jones. Will WTI Extend Drop after Support Breakout?

WTI crude oil prices are heading for the worst weekly losing streak since March 2020 as higher supply bets and risk aversion rattled the commodity. Will oil extend recent losses?

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Gold Price Outlook: XAU to Rise Versus US Dollar if Stock Market Rout Deepens

Gold prices remain firm despite a stronger US Dollar and rising Treasury yields. XAU may move higher on further stock market weakness, incoming technical signal.

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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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NZD/USD Grapples 0.7000 With RBNZ’s Inflation Expectations Survey on Deck

NZD/USD rose overnight against falling stock prices on Wall Street. The RBNZ's inflation expectations survey is in focus as the central bank's rate decison nears.

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Copper Declines on Continued US Dollar Strength, Key Support Eyed

Copper continues to retreat as markets reprice Fed rate hike expectations following another hot inflation print.

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U.S. Stocks Fall on Risk-Off Mood; Russell 2000 Dives as Small Caps Take a Tumble

The Russell 2000 retreats amid widespread small caps weakness on market caution, but the technical bias will remain bullish so long as the early November breakout holds.

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Stock Trader Sara Goldstein on Developing an Expertise

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AUD/USD Eyes October Low Amid Failure to Defend Monthly Opening Range

AUD/USD may continue to give back the advance from the October low (0.7192) as it fails to defend the opening range for November.

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Gold Price Forecast: Gold Builds a Bear Flag at a Big Resistance Level

It's been a tough year for Gold bulls, but they took their shot last week. The big question now is whether or not they can hold the bid.

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Crude Oil Trading Strategies and Tips

Crude oil is the most valuable market on Earth, and a key commodity for today's economy. But how can traders build strategy to trade crude oil?

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USD/TRY, EUR/TRY Hit Record Highs Ahead of CBRT Rate Decision

The Central Bank of the Republic of Turkey is expected to cut rates again on Thursday, despite a currency crisis deepening.

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EUR/USD Rate Selloff Pushes RSI Into Oversold Territory

Recent developments in the RSI raises the scope for a further depreciation in EUR/USD as the indicator crosses below 30 to push into oversold territory.

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Canadian CPI Data Meets Expectations USD/CAD Climbs Higher

Canadian CPI data sees the Loonie vulnerable to USD strength as expectations of rate hikes remain mixed.

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US Dollar (DXY) Posts a Fresh 16-Month High Ahead of a Cluster of Fed Speakers

The US dollar continues to push ahead and while the path higher remains in place, a clutch of Fed speakers over the rest of the week may influence short-term price action.

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Gold (XAU/USD): UK CPI Boosts Bullion, USD Strength Limits Gains

UK CPI print boosts demand for Gold but gains are limited by higher yields and corresponding US Dollar strength.

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FTSE 100 Forecast for the Week

FTSE 100 underpressure as the index tests psychological support. Sentiment warns of reversal lower.

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Euro (EUR) Price Outlook: No End Yet in Sight for EUR/USD Weakness

EUR/USD has reached its lowest level since July 2020 and could well slide even further after slicing through the support line of a downward-sloping channel in place since late May.

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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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Dollar Index (DXY) Soars on Data and Hawkish Fed Lifting Yields. Can USD Fly Higher?

The DXY US Dollar Index made a 16-month high as data supporting an economic recovery and hawkish Fed commentary lifted Treasury yields. Where to next for USD?

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GBP/USD Breaking News: BOE Rate Hike Almost Certain On Strong CPI Data

Markets have been awaiting the UK CPI figures to confirm the rate hike potential in December. Inflation came in above estimates and along with yesterdays strong UK jobs data, a 15bps hike is realis...

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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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Black Friday & the Stock Market: Economy, Consumers & Shares

From the Black Friday stock market crash to retail frenzy, what does Black Friday mean for retail?

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Gold Prices Rise Post CPI, But US Dollar Strength Outshines. Will XAU/USD Go Higher?

Gold prices moved higher in the aftermath of a shock US CPI number last week, but market focus moved onto USD bullishness. Will gold hold the high ground?

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Crude Oil Forecast: Rising US Production, Potential SPR Release Weighs on Sentiment

Crude oil prices are on track to drop nearly 2% this week as US production ramps up and the Biden administration mulls a Strategic Petroleum Reserve (SPR) release.

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AUD/USD Eyes Australian Wage Data After US Dollar Strengthens on Retail Sales

AUD/USD fell overnight after a better-than-expected US retail sales report lifted Treasury yields. Meanwhile, natural gas prices surged following a regulatory spat of Europe's Nord Stream 2 pipeline.

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New Zealand Dollar Technical Analysis: EUR/NZD, NZD/CAD, NZD/JPY

Multiple New Zealand Dollar crosses look set for explosive moves out of flag formations. These are the technical setups that matter for EUR/NZD, NZD/CAD, NZD/JPY.

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S&P 500 Flirts with Record Close as Consumer Strength Boosts Confidence in the Economy

Strong U.S. retail sales data bolsters confidence in the economic recovery and increases appetite for risk assets, pushing the S&P 500 closer to its record high.

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

King Dollar is the freight train that hasn't stopped, helped along by a nasty spill in the Euro which still hasn't found support.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Rates markets continue to get more aggressive with respect to the Fed’s taper and hike cycle – which is good news for the US Dollar.

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Top 8 Forex Trading Strategies and their Pros and Cons

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

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Euro Forecast: Bearish Momentum Accelerates in EUR/GBP, EUR/JPY, EUR/USD

A plethora of negative developments in recent days has been plaguing the Euro.

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NZD/USD Rate Weakness Generates Negative Slope in 50-Day SMA

NZD/USD may continue to give back the advance from the October low (0.6877) as it trades back below the 50-Day SMA, with the indicator starting to reflect a negative slope.

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Market Sentiment Strong, Stocks Higher, Yet USD Firmer Too | Webinar

Traders remain very confident about the outlook for markets, with many stock indexes at or near all-time highs, yet the USD is climbing too.

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US Dollar Upside Maintained Amid Retail Sales Beat

US Dollar upside persists following another round of firm retail sales.

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Japanese Yen Outlook: USD/JPY Breakout Potential, Inflation in Focus

The Japanese Yen looks primed to breakout out of the unfolding bull flag pattern while weak GDP and upcoming inflation could see further weakness. A hawkish Fed may also add further bullish impetus...

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Walmart and Home Depot Earnings Snapshot: Strong Figures Ahead of the Holiday Period

Walmart and Home Depot reported strong earnings despite supply chain disruptions, labor shortages and increasing prices.

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Australian Dollar Forecast: Wages Key to AUD/USD and RBA Outlook

Australian Dollar eyes key wage data. AUD/NZD elevated relative to bond spreads.

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Canadian Dollar (CAD) Strength Underpinned by Rate Hike Expectations

The Canadian dollar remains strong, with money markets pricing in a handful of interest rate hikes in 2022 supporting the move.

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

A strong UK employment report has effectively made an interest rate increase by the Bank of England next month a certainty, with the only question being how large it will be.

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Dow Jones Industrial Average Steadies on Biden–Xi Non-Event. Will US Stocks Make a New High?

The Dow Jones Industrial Average consolidated into the week as strong manufacturing data was unable to lift equities. Can US stocks look to challenge the peak?

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Gold Price Forecast: XAU/USD Eyes US Retail Sales for Direction

Gold moved higher last week despite rising yields and a stronger US Dollar. Bullion traders are watching an incoming US retail sales report, which may provide further direction for the yellow metal.

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Australian Dollar Forecast: AUD/USD Rises Ahead of RBA Minutes, Lowe Speech

AUD/USD moved higher overnight despite souring sentiment on Wall Street. The RBA’s latest meeting minutes and a speech from Governor Lowe may provide direction for the Aussie Dollar today.

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Swiss Franc Technical Analysis: CHF/JPY, EUR/CHF, GBP/CHF

Multiple Swiss Franc crosses are approaching key technical levels following reversals of recent trends. These are the levels that matter for CHF/JPY, EUR/CHF, GBP/CHF.

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

Incoming UK economic data may help spark a turnaround by the British Pound versus the commodity currencies.

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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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USD/CAD Rate Susceptible to Larger Pullback on Strong Canada CPI

Fresh data prints coming out of Canada may keep USD/CAD under pressure as the Consumer Price Index (CPI) is expected to widen for the fourth consecutive month.

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The Superforecasters

How a college-based team of students, faculty and volunteers bested government intelligence community prognosticators and gave birth to Superforecasting.

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FX Week Ahead - Top 5 Events: UK Jobs Report; US Retail Sales; Inflation Data from Canada, the Eurozone, and the UK

Inflation pressures are no longer being dismissed as transitory by markets.

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Introduction to Pitchfork Analysis & Median Line Trading

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

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Gold Price Stages Eight Day Rally as RSI Climbs Into Overbought Zone

Recent developments in the Relative Strength Index (RSI) raises the scope for higher gold prices as the indicator climbs above 70 to push into overbought territory.

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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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EUR/GBP Pressured by Rate Expectations and Covid Cases, UK Inflation Data Looms

Heightened expectations of a December Bank of England rate hike and a sharp increase of covid cases in Europe will weigh on EURGBP over the next weeks.

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Euro Forecast: Risks Remain Lower for EUR/USD, Covid Surge Adds to Weakness

Rising risks for the Euro on wider bond spreads and surge in Covid cases. Euro bears looking for low 1.13s.

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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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DXY Dollar Index Slips on Treasury Yield Dip and Mixed Data in Asia. Can USD Get a Grip?

The US Dollar gave up some ground today but remains at elevated levels. Will Treasury yields pick-up again to boost USD and keep the ascending trend intact?

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Crude Oil Price Volatility Ahead of US-Iran Nuclear Deal Talks

Crude oil prices are at risk of elevated volatility ahead of US-Iran talks. Reconciliation may be a political relief, but a downside risk for petroleum markets.

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Australian Dollar Eyes Chinese Economic Data, Will AUD/USD React

AUD/USD is in focus as investors keep an eye out for Chinese economic data that will shed light on China's slowing economic recovery. Meanwhile, Japanese GDP crossed the wires this morning.

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Weekly Fundamental Gold Price Forecast: Real Yields to Determine Next Move

Rising inflation expectations and falling long-end bond yields have given a new shine to gold prices.

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Luckbox Leans In With Stephanie Kelton

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

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Markets Week Ahead: Nasdaq 100, US Dollar, EUR/USD, GBP/USD, USD/CAD, CPI Data

Volatility re-entered Wall Street amid inflationary woes, sending the Nasdaq 100 lower. Risk aversion boosted the US Dollar and gold prices gained. Other parts of the world will release CPI data. E...

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Dow Jones, S&P 500, Nasdaq 100 Forecasts for the Week Ahead: Inflation Hedges?

The Dow Jones, S&P 500 and Nasdaq 100 turn to Fedspeak as inflation fears brought volatility to stocks this past week. Still, the bull market remains intact amid underlying fundamentals.

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Japanese Yen Fundamental Forecast: USD/JPY Eyes Further Upside on Japan GDP

The Japanese Yen may continue weakening versus the US Dollar if Japan reports a worse-than-expected GDP growth figure. Will USD/JPY remain on the path higher?

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Euro Forecast: EUR/USD May Fall Further in Week Ahead, 1.14 Likely

The drop in EUR/USD last Wednesday was significant, taking the pair below 1.15 to its lowest level since July 21 last year. That has opened the way for further losses, to 1.14 and beyond.

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US Dollar Forecast: USD Rally to Persist on Upbeat Retail Sales Report

The US Retail Sales report may generate a bullish reaction in the Dollar as the update is expected to show a pickup in household spending.

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Bitcoin (BTC), Ethereum (ETH) Drift off All-Time Highs, Outlook is Still Bright

After printing all-time highs at the start of the week, BTC and ETH have given back most of this week's gains but the longer-term technical outlook remains positive.

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Australian Dollar Outlook: US Dollar, Treasuries, Commodities. Where to for AUD/USD?

The Australian Dollar weakened during the week as the fall-out from US CPI sent US yields higher, bidding up the US Dollar. Will AUD/USD find a base?

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GBP Forecast: GBP/USD Plummets to Fresh 2021 Lows, Consolidation Ahead

FX markets pay attention to blowout US CPI, causing USD to rip higher. However, major USD pairs appear overextended at current levels.

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US Consumer Confidence Drops to Lowest Level in a Decade, Pulling Dollar From Highs

The headline print is the lowest level in a decade with the UofM reporting that higher inflation was weighing on Americans.

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Brent Crude (LCOc1), S&P 500 INDEX (SPX) & GBP/USD – FinTwit Trends to Watch

Fintwit has been relatively quite this week but key themes still hold sway within financial markets. Brent crude, SPX and GBP/USD all turned lower this week but is this just temporary respite?

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Luckbox Leans in with Annie Duke

Annie Duke on trading, bet-sizing, prospect theory, outcome bias and quitting.

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Bitcoin (BTC/USD) Correction or Reversal as Prices Fall From ATH?

Bitcoin prices retreat from the recent high as a stronger Dollar, rising yields and COP26 drives sentiment.

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Article 16: Why Triggering it Risks an All Out UK-EU Trade War

Tensions rise between the UK and EU over the Northern Ireland protocol. Failure in talks raises risk of the UK triggering Article 16

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Canadian Dollar Forecast: USD/CAD Upside Stretched in Short-Term

USD soars across the board, however, momentum beginning to look stretched particularly against the Canadian Dollar

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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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GBP/USD Remains Under Pressure From the US Dollar and Article 16 Fears

Cable is trying to make a short-term recovery after losing over two big figures this week but the likelihood is for further weakness in the weeks ahead.

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Australian Dollar Sinks on US Dollar Gains as CPI Fall Oout Continues. Where To From Here?

The Australian Dollar remains under pressure as USD gains ground on higher yields and weak domestic data is digested. Will AUD/USD push lower?

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Gold Price Surge Signals Markets Fear Fed Lagging on Inflation

Gold prices have jumped to a five-month high, warning that markets still fear runaway inflation despite a hawkish shift in Fed policy bets and a stronger US Dollar.

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Crude Oil Price Volatility Ahead of US-Iran Nuclear Deal Talks

Crude oil prices are at risk of elevated volatility ahead of US-Iran talks. Reconciliation may be a political relief, but a downside risk for petroleum markets.

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Will US-China Tensions Spur a Hong Kong IPO Wave? Introducing the Hang Seng Tech Index

The Hang Seng Tech Index (HSTECH) – dubbed“ Hong Kong’s Nasdaq” by market-watchers – represents China’s fast growing ‘new economy’.

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NZD/USD Gyrates at Support as Economic Strength Bolsters RBNZ Rate Hike Bets

NZD/USD clings to support after Greenback strength pushed the pair lower. However, the Kiwi economy continues to recover, evidenced by today's business PMI print. That is bolstering RBNZ rate hike ...

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S&P 500 Ekes Out Small Gain to Rebound from Wednesday’s Decline, Consumer Sentiment Data Eyed

The S&P 500 gained just 0.06% on Thursday as markets sought to rebound from Wednesday's abrupt decline.

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

Market pricing for the BOC and RBA has been dragged forward in recent weeks, while the outlook for the RBNZ is extremely aggressive.

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NZD/USD Remains Vulnerable Amid Failure to Defend November Opening Range

NZD/USD may continue to depreciation over the coming days as the exchange rate fails to defend the opening range for November.

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USD/MXN Jumps as Bank of Mexico Hikes Rates by 25 Basis Points

USD/MXN jumped higher in immediate trade following the Bank of Mexico's decision to raise rates by 0.25%.

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

The US Dollar exploded to a fresh yearly high yesterday but now the USD is quite stretched. Which pairs are befitting of pullback potential?

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Oil Price Susceptible to Larger Pullback on Failed Test of October High

Failure to test the October high ($85.41) may generate a larger pullback in the price of oil as it struggles to retain the advance from the November low ($78.25).

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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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US Dollar Strength Leaves Sterling And the Euro In Its Slipstream

The latest US inflation data show price pressures in America hitting a three-decade high, reinvigorating an already strong US dollar.

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Article 16: Why Triggering it Risks an All Out UK-EU Trade War

Tensions rise between the UK and EU over the Northern Ireland protocol. Failure in talks raises risk of the UK triggering Article 16

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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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British Pound (GBP) Price Outlook: GBP/USD Sliding Towards Support as UK GDP Disappoints

GBP/USD is weakening towards trendline support after a largely weak set of UK GDP figures and as the US Dollar is boosted by news of the highest US inflation rate in 30 years.

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Japanese Yen Tanks Against a Roaring US Dollar Post CPI. Will Yen Resume Weakening?

The Japanese Yen took a double hit with the US Dollar strengthening and G-10 yields marching higher after a wild US CPI number. Can USD/JPY make new high?

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The Most Volatile Currency Pairs and How to Trade Them

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

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Crude Oil Prices Wobbled With Wall Street on Inflation Story, Will WTI Extend Drop?

Crude oil prices fell as volatility rocked Wall Street after stronger-than-expected CPI data and a 30-year Treasury auction. Retail positioning hints that prices may decline next.

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Gold Price Forecast: Bullion May Rise Further on Rising Inflation, Breakeven Rates

Gold Prices shifted sharply higher overnight as market volatility swelled following a hotter-than-expected US inflation reading. Bullion may gain alongside inflation expectations, breakeven rates.

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Australian Dollar Forecast: AUD/USD in Trouble After Jobs Report Posts Big Miss

The Australian Dollar is on the defense after a big jobs report miss pushed AUD/USD lower following an already weak overnight session. Meanwhile, China's Evergrande managed to avoid default, again.

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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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Evergrande Fights off Default Yet Again After Making Overdue Coupon Payments

Evergrande yet again flirted with default, as the distressed property giant made overdue coupon payments to holders of 3 separate offshore bonds.

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Nasdaq 100 Dives as Supercharged Inflation Lifts Yields and Dents Sentiment

The Nasdaq 100 suffers big losses Wednesday as red-hot inflation roils financial markets, denting risk appetite and boosting U.S. Treasury yields on bets of tighter monetary policy.

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3 Key Tips to Becoming A Successful Trader

Whether you are an experienced or first-time trader, there are certain patterns to follow that can separate you from being a profitable trader or one that loses money.

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Return to Normalcy Harkens Shift in Retail Trading Era

It stands to reason that as we persist in a lower volatility environment, which incidentally may be good for a steady float higher in US equity prices, could also see the level of interest among re...

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US Dollar Jumps to Yearly Highs on the Back of Weak 30-Year Treasury Auction

A weak auction of 30-year US Treasuries saw the US Dollar race higher to fresh one year highs above 98.84.

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USD/CAD Rate Outlook Mired by Bear Flag Formation

A bear flag formation has taken shape in USD/CAD as the exchange rate struggles to trade back above the 200-Day SMA (1.2472).

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Amazon and Ford backed ‘Rivian’ Gears up for Nasdaq Debut, Tesla Bounces Back

Tesla rival ‘Rivian Automotive’ (RIVN) makes it’s eagerly awaited debut on the Nasdaq Stock Exchange as Tesla selling abates

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Gold Price Forecast: XAU Spikes on 6.2% CPI - Gold Four-Month Highs

Gold prices broke out to a fresh four month high this morning, pushed along by a really strong CPI read. It appears that both fundamental and technical backdrops are lining up.

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Crude Oil Outlook: Oil Prices Rise as Inflation Jitters Loom

Oil prices continue to rise as fundamental factors weigh on supply. Rising channel continues to hold bulls at bay

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USD Breaking News: Hawkish Pressure Increases as CPI Beats Estimates, DXY Higher

U.S. CPI data came in above estimates with both core and headline inflation exceeding expectations. The U.S. dollar has moved marginally higher post-announcement as the DXY looks to target swing hi...

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Gold Price Running Into Resistance Ahead of US Inflation Data

The precious metal is heading towards a zone of resistance in advance of the latest US inflation release.

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USD & Cross Asset Reaction to US CPI, AUD Headwinds Ahead of Jobs Report

FX implied volatility remains subdued, despite noteworthy inflation data. Soft iron ore prices weigh on AUD.

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Tesla (TSLA) Shares Slump Further – Down 17% in Less Than a Week

Tesla CEO Elon Musk is back in the news again with Twitter polls, stories about his brother selling Tesla stock, and Michael Burry�s suggestions hitting the stock price hard.

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British Pound (GBP) Price Outlook: GBP/USD Shrugs Off Row Over MPs' Second Jobs

Political turmoil in Westminster over Members of the UK Parliaments’ second jobs has failed to damage GBP/USD so far, suggesting underlying support for the pair.

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Crude Oil Prices Jump as US Holds Reserves and Ahead of US CPI. Where To from Here?

WTI oil squeezed up on news that the US will not release strategic reserves and inflation data gives markets much to mull over. Can crude continue to climb?

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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 Trade the Impact of Politics on Global Financial Markets

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

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Gold Prices Up as US Dollar and Yields Dip Ahead of US CPI. Can XAU/USD Go Higher?

Gold prices have moved higher on US Dollar weakness and lower yields as inflation may not be playing a direct role for it. Has gold got legs for a break higher?

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AUD/USD Clings to Support After Chinese CPI and PPI Surge Higher

AUD/USD remained depressed after China reported higher consumer and factory gate prices for October. The 50-day SMA is underpinning prices through Wednesday's session.

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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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New Zealand Dollar Forecast: NZD/USD Falls as Traders Eye Chinese Inflation Data

The New Zealand Dollar fell overnight versus the US Dollar as Wall Street stocks broke a multi-day winning streak. APAC traders are watching the wires for Chinese inflation data.

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Hang Seng Outlook Remains Cautious with Mixed Signals from Wall Street, Fed

The Hang Seng Index continues to look for clear direction as sentiment remains mixed following the Fed's financial stability report and strong US earnings.

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S&P 500 Falls from Record High Ahead of US CPI Data; PayPal Sinks on Weak Guidance

S&P 500 snaps winning streak and retreats from record high on profit-taking after failing to clear cluster technical resistance ahead of Wednesday's U.S. inflation data.

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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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Coinbase, DoorDash, Aurora Cannabis – Quarterly Earnings Results

Coinbase, DoorDash and Aurora Cannabis reported quarterly earnings results after the bell. Here are the numbers.

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US Dollar Price Action Pre-CPI: EUR/USD, GBP/USD, USD/JPY

Inflation is expected to print at 5.8% tomorrow. How will the US Dollar respond?

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AUD/USD to Defend Monthly Opening Range on Upbeat Australia Jobs Report

AUD/USD may attempt to defend the monthly low (0.7360) as Australia’s Employment report is anticipated to show the economy adding 50K jobs in October.

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USD/JPY Outlook: Bull Flag Pattern Unravels Following Four Day Decline

The bull flag formation carried over from last month may continue to unravel with USD/JPY on track to mark a four day decline for the first time since August.

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Rate hike odds are normalizing for the BOE after the November meeting, while the market seems to be ignoring the ECB’s guidance.

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Bitcoin (BTC/USD) & Ethereum (ETH/USD) Break ATH as Inflation Fears Rise

Bitcoin prices have retreated from the recent fresh ATH as the battle between inflation and employment persists.

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USD/ZAR Outlook: Rand Testing Key Levels as Focus Shifts to MTBPS

The rand has been on an upward trajectory of recent but the forthcoming MTBPS speech by Finance Minister Enoch Godongwana has the potential to challenge USD/ZAR bears.

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GBP/USD Price Outlook: Sterling Looks to Make up Lost Ground as Dollar Declines

The Pound looks to regain some strength against the dollar after last week’s massive Sterling sell-off due to overly-optimistic rates expectations

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EUR/USD Outlook Stable Around 1.1600 For Now

EUR/USD price action is currently being directed by the greenback and this looks set to continue in the near term.

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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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Gold Price Forecast: Gold Bulls Face Significant Hurdle, Brainard Bullish for Gold

Rising odds of Brainard as Fed Chair underpins the precious metal

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US Dollar Hit as Treasury Yields Fall. Fed Warns of Risky Asset Price, Will USD Rally?

The US Dollar gave up ground on the Federal Reserve's concern for risky asset prices and speculation of a change in leadership at the Fed. Where to for USD?

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Find Your Forex Entry Point: 3 Entry Strategies To Try

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

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Gold Eyes Key Resistance With Fed Bets in Focus as CPI Nears

Gold prices have a key level of resistance in focus following last week's move higher. Fed rate hike bets are in the scope as US CPI data approaches. A hot inflation print may weigh on XAU prices.

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Dow Jones Gains as Nasdaq 100 Falls Post Infrastructure Bill, Nikkei 225 May Rise

The Dow Jones outperformed the Nasdaq 100, with Caterpillar shares seeing a boost from the 1 trillion infrastructure bill. Ahead, the Nikkei 225 may rise, eyeing a Symmetrical Triangle.

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NZD/USD May Rise on Upbeat Card Spending Data, Broader Sentiment

NZD/USD rose alongside US stocks as market sentiment brightened overnight. The Kiwi economy saw upbeat card spending data for October cross the wires this morning.

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Nasdaq 100 Lags Peers as AMC Earnings Kick off the Week in Style

The Nasdaq 100 closed slightly lower on Monday lagging both the Dow Jones and S&P 500, with AMC earnings capturing attention after the closing bell.

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Tesla Bounces After Gap, AMD Strikes a Meta Deal; S&P 500 Resistance

The Tesla fireworks continued even with Elon Musk talking up a possible sale of 10% of his shares. AMD caught a major bid after deal with Facebook/Meta was announced.

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EUR/USD to Stage Larger Recovery on Break of Monthly Opening Range

EUR/USD may stage a larger recovery over the coming days if the exchange rate clears the opening range for November.

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

The BoC appears to be one of the more hawkish central banks at the moment yet the Canadian Dollar has been in relax mode for much of November.

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Gold Price Rally Eyes September High with US Yields Under Pressure

The price of gold may continue to retrace the decline from the September high ($1834) as the 10-Year US Treasury yield holds near the monthly low (1.44%).

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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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British Pound (GBP) Outlook Strained as Article 16 Fears Flare Up

Sterling opens the week relatively unchanged but news that the Brexit Trade deal may be scrapped if the UK triggers article 16 could see GBP drop again.

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Tesla Drops as Elon Musk Proposes to Sell 10% Tesla Stake After Twitter Poll

Tesla opens lower following Musk’s Twitter Poll, however, don’t rule out a quick rebound

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Bitcoin (BTC) and Ethereum (ETH) - Rallying Hard as The Week Opens

Bitcoin and Ethereum open the week with hefty gains with ETH/USD making another all-time high, while BTC/USD is just a fraction away.

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Crude Oil Reignites for Bulls As OPEC+ News Sinks In. Can WTI Make a New High?

WTI crude oil firmed higher again in Monday Asia trade as positive news from China failed to lift equities. Where to for oil from here?

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Gold Price Outlook Turns to Fed Chair Jerome Powell as XAU/USD Breaks Resistance

Gold prices are eyeing Fed Chair Jerome Powell after closing at the highest since early September. Will his comments keep Treasury yields suppressed, boosting XAU/USD?

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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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Australian Dollar Forecast: AUD/USD May Climb After China Smashes Trade Surplus Record

The Australian Dollar may move higher to kick off the Asia-Pacific trading week after China posted a better-than-expected trade surplus over the weekend.

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Why COP26 Matters for Markets

Against the backdrop of rising energy prices leading to economic fallout for economies in Asia, Europe, and North America, COP26 is set to begin on October 31.

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Markets Week Ahead: US Dollar, British Pound, Treasury Yields, Australian Jobs Report, UK GDP

US stocks rose last week despite the long-awaited taper announcement from the Federal Reserve. The US Dollar, British Pound, government bond yields, and the Australian Dollar are in focus as the tr...

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Weekly Fundamental US Dollar Forecast: What’s Next for USD After Fed Meeting, NFP?

The US Dollar (via the DXY Index) hit a fresh yearly high by the end of the week, but the outlook moving forward is a bit more complicated than it appears on the surface.

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

US equities back to record highs, seasonality signals short term pullback risk. UK banks pressured.

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Mexican Peso Forecast: USD/MXN to Retain Bearish Bias Post-Fed Ahead of Banxico

Widespread bullish sentiment and monetary policy divergence between Banxico and the Fed may create an ideal scenario for the Mexican peso to appreciate against the U.S. dollar in the short term.

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Euro Forecast for the Week Ahead: EUR/USD Outlook Turns Bearish Again

EUR/USD began last week brightly enough but fell sharply Thursday and now looks likely to drop further as the markets begin to believe ECB President Lagarde that Eurozone rate hikes are not on the ...

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Gold Price Outlook: XAU/USD Turns to US Inflation and Fed Chair Jerome Powell

Gold prices turn to US CPI data in the week ahead as elevated global bond yields continue to make a tough road ahead for XAU/USD. Fed Chair Jerome Powell commentary eyed.

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Bitcoin (BTC) and Ethereum (ETH) Setting Up For The Next Leg Higher

The bullish channels that have been guiding Bitcoin and Ethereum higher over the past months are coming under pressure.

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Altcoin Crypto Currency Shiba Inu Faces Off Against Dogecoin

The latest entry into the altcoin field, Shiba Inu, sees volatility after a brief overtaking of Dogecoin's market cap. What does the massive rise and fall of $SHIBUSD in the past week say about the...

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Australian Dollar Outlook: Commodities, US Dollar and RBA Weigh. Can AUD/USD Hold?

The Australian Dollar weakened during the week as the RBA under-delivered and commodities continued lower. Will AUD/USD catch a bid?

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GBP/USD Rate Eyes Yearly Low Ahead of UK GDP Report

GBP/USD is on the verge of testing the yearly low (1.3509) ahead of the UK GDP report as the BoE keeps the benchmark interest rate at the record low of 0.10% in November.

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Spot Gold (XAU/USD), Natural Gas (LNG) & Nasdaq (NDX) – FinTwit Trends to Watch

Fintwit has come alive this week after central banks took center stage causing unease across financial markets. Spot gold (XAU) pushed higher, natural gas (LNG) remains impressive while NDX defies ...

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

It was a big week for the USD, but bulls were unable to do much on this morning's test of a fresh yearly high. The focus now moves to next week's CPI.

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USD, Gold, US Rates Show Tepid Reaction to Strong US Nonfarm Payrolls

NFP headline beats provides brief USD bid, however, overall reaction is tepid given Fed meeting in the week.

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USD, GBP/USD, EUR/GBP Price Action Set-Up

NFP impact reduced. GBP underperforms after BoE shock. EUR/GBP better avenue to fade GBP weakness.

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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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EUR/USD Testing Support Ahead of the Latest US Jobs Report (NFP)

EUR/USD traders have made repeated attempts to force the pair lower over the past 5-6 weeks, but support remains. Today's NFP report may well provide another stern test.

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US Dollar Soars on Higher Yields and Bank of England No-Go. Where to for USD?

The US Dollar rallied with Treasuries after the Bank of England surprised markets by leaving rates unchanged. Can the USD make new highs?

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Crude Oil Price Outlook: WTI Eyes NFPs After OPEC+ Output Decision as Trend Breaks

Crude oil prices fell despite OPEC+ maintaining output hike trajectories for December. WTI is eyeing US non-farm payrolls as retail positioning offers a bearish contrarian outlook.

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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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Australian Dollar Forecast: AUD/USD Eyes RBA Monetary Policy Statement

The Australian Dollar fell versus the US Dollar overnight along with oil prices. The RBA's monetary policy statement is on deck for today's session.

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Swiss Franc Technical Analysis: GBP/CHF, AUD/CHF, NZD/CHF

Swiss Franc pairs continue to tumble, with GBP/CHF falling to fresh multi-month lows. These are some key technical setups for GBP/CHF, AUD/CHF, and NZD/CHF.

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Oil Fails to Fill Price Gap Even as OPEC+ Retains Production Schedule

The price of oil may face a further decline over the coming days as it struggles to fill the price gap from earlier this week.

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British Pound Price Action Setups: GBP/USD, GBP/JPY, EUR/GBP

The British Pound is getting crushed today after the BoE did not hike rates as many had expected. But which GBP pairs are prime for bearish continuation and which are optimal for a bounce?

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USD/CAD Rate to Face US and Canada Employment Reports

USD/CAD is likely to face increased volatility later this week as both the US and Canada are slated to releases updated figures surrounding the labor market.

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Gold Prices React to the Fed, Yields & Non-Farm Payrolls (NFP)

Gold prices have recovered a portion of losses after Fed rate decision. NFP remains a key catalyst for the imminent move.

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GBP/USD Tumbles After Bank of England Leaves UK Interest Rate Unchanged

The Bank of England’s monetary policy committee has unexpectedly left UK Bank Rate at 0.1%, sending GBP/USD sharply lower as a 15 basis point rate hike had been fully priced in by the markets.

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Japanese Yen Outlook: USD/JPY Consolidating, NFP Could Shake Things Up

The threat of tightening by the Fed has been suppressed for now leaving the U.S. dollar against the Japanese Yen in limbo as attention shifts to NFP data tomorrow. Fundamentals to dictate USD/JPY b...

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Crypto Update: Bitcoin (BTC) Struggles to Push Higher as Ethereum (ETH) Takes the Spotlight

Bitcoin hovers within a triangle pattern as Ethereum outperforms on the back of surging alt-coins

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US Dollar (DXY) Pushing Higher as The Fed Starts to Tighten

The Federal Reserve announced that they would start withdrawing their extraordinary stimulus measures this month, as expected, giving the greenback a mild bid.

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

Bank of England rate hike a close call. Aggressive market pricing raises bar to surprise on the hawkish side.

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GBP Price Outlook: GBP/USD Downside Beckons Despite Likely UK Rate Hike

The Bank of England is expected to raise UK interest rates today but GBP/USD will still likely lose ground as a 15bps increase to 0.25% has been fully priced in by the markets already.

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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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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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Crude Oil Tanks Ahead of OPEC+ and Against Upbeat Tone Post FOMC. Can WTI Get a Grip?

Oil prices went lower today as stockpiles in the US were higher than anticipated and possible supply from Iran soothed markets. Will crude hold lofty levels?

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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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Gold Prices Eye NFP Report After FOMC Decision Weighs on Yield Curve, US Dollar

Gold moved higher following the Fed's interest rate decision as the yield curve flattened. Friday's US non-farm payrolls report shifts into focus for bullion traders.

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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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