Canadian Dollar Price Forecast: USDCAD Pulls Back to Support post-BoC

This morning's Bank of Canada rate decision prodded the Canadian Dollar and USD/CAD has sunk down to a key zone of support for a crucial test.

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Kiwi Dollar Forecast: NZD/USD Showing Potential Signs of Exhaustion

NZD/USD has reversed off of a key weekly level amid recent USD strength and continued speculation of unconventional monetary policy tools available to the RBNZ

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USD/CAD Gyrates on BoC Rate Decision

The Canadian Dollar gyrated as the Bank of Canada held its benchmark rate at 0.25% as the central bank continues its supportive stance following the COVID pandemic.

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USD/ZAR Outlook: ZAR Remains Resilient Despite Dismal Economic Data

USD/ZAR Remains below key psychological level despite dismal GDP figures

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EUR/USD Nears a Fresh One-Month Low But Trade Remains Thin Ahead of ECB Meeting

The Euro (EUR) continues to press lower against the US dollar as traders wait for the latest ECB policy meeting and press conference.

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Crude Oil Prices Down to 3-Month Low on Fed Policy, Seasonal Turn

Crude oil prices have dropped to the lowest level in three months after the Fed adopted a more hands-off policy stance just as markets transitioned out of the ‘summer lull’.

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Canadian Dollar Forecast: USD/CAD, CAD/JPY Levels to Watch on BoC

Bank of Canada to maintain current stance. USD/CAD forms double bottom, CAD/JPY drops to key support.

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British Pound (GBP) Latest: Brexit Row May Weaken GBP/USD Further

Although GBP/USD has already dropped below 1.30, the rising chances of the UK failing to reach a post-Brexit trade deal with the EU could lead to further losses.

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CAD/JPY Rates to Recoup Losses on Wait-and-See Bank of Canada

CAD/JPY rates could claw back lost ground as the Bank of Canada is expected to keep its monetary policy settings steady amid positive fundamental data.

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Gold Price Touches 50-Day SMA for First Time Since June

The price of gold has touched the 50-Day SMA ($1912) for the first time since June as it trades within the August range.

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Nasdaq 100 Lost 10% in 3 Days, Hang Seng and FTSE 100 May Fall

The Nasdaq 100 index tumbled 4% on Tuesday, stretching a three-day loss to over 10%. Futures markets are pointing lower as Asia-Pacific stocks start trading on Wednesday.

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Bitcoin Price Outlook: Will Support At $10,000 Stifle BTC/USD Sellers?

Bitcoin’s 26% retreat from its yearly high posted in August may prove to be a mere short-term pullback if pivotal chart support at the $10,000 mark remains intact.

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USD/CAD Rate Rebound Brings March/June Low on Radar

USD/CAD appears to be on track to test the March/June low (1.3315) for resistance as it breaks out of the range bound price action following Canada’s Employment report.

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AUD/USD at a Critical Juncture as Biden-Trump Spread Widens

AUD/USD is trading at what could be a trend-defining chart support as the US Dollar stages a comeback in tandem with a widening Biden-Trump spread.

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Dow Jones Forecast: Industrial Average Succumbs to Selling Pressures

The Dow Jones extended lower to start the week as US equities post their largest 3-day decline since March. Can technical support keep the Dow Jones afloat or will tech weakness reign supreme?

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Gold Price Forecast: XAU Bounces From Support, Gold Bulls on Return?

While Gold started August with strength, it finished with a whimper, and that's continued through the opening week of September trade.

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Dollar vs Mexican Peso Outlook: USD/MXN Ranges at Fibonacci Support

Mexican Peso has carved a well-defined range just below the September open. Here are the levels that matter on USD/MXN technical charts in the days ahead.

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Crude Oil Price Forecast: Crude Falters Alongside Tech as Selloff Broadens

Crude oil suffered a significant break down to start the week, falling to its lowest level since mid-June as a result. With risk appetite on the backfoot, will crude fall further now that support h...

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Euro Dollar Outlook: EUR/USD Indecisive as Political Pressure Looms

After four months of gains for the EUR/USD, price action has stalled around the psychological level of 1.1800

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DailyFX Education Summit: Trade Your Market

The DailyFX Education Summit will be held online from September 15 to September 17. Register now!

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