Thursday, 11 February 2021

DailyFX Forex Trading Course Walkthrough: Part Six

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

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DailyFX Forex Trading Course Walkthrough: Part Five

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

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DailyFX Forex Trading Course Walkthrough: Part Four

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

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DailyFX Forex Trading Course Walkthrough: Part Three

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

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DailyFX Forex Trading Course Walkthrough: Part Two

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

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DailyFX Forex Trading Course Walkthrough: Part One

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

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Silver (XAG/USD) Steps Back After Fed Meeting Drives Demand Higher

Silver prices stall at resistance after US Dollar weakness boosts sentiment

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EUR/USD Bullish Price Sequence Leads to Break of Descending Channel

EUR/USD extends the series of higher highs and lows from the monthly low (1.1952), with the exchange rate breaking out of the descending channel from earlier this year.

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Euro Awaits Draghi Vote, Mexican Peso Eyes Close Call Rate Decision - US Market Open

Markets subdued amid lighter volumes stemming from Asia. USD selling persists. AUD outperforms.

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Gold Price Forecast: US Dollar Drop Lifts Gold - Topside Levels in Focus

Gold spends brief period 1800 as US Dollar selling resumes. Gold and real yields decoupled for now

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IBEX 35 Forecast: Technical Pattern Suggests Further Bearish Pressure

The Spanish stock market is struggling to see much upside as the economic outlook remains unsure

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Bitcoin (BTC/USD) Price Outlook - Mastercard Preparing Crypto Payments, Will Twitter Follow Tesla?

A cluster of the world’s largest companies are now looking at Bitcoin, and other stable coins, as a potential means of digital payment

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British Pound (GBP) Latest: GBP/USD Trend Higher Still Intact

GBP/USD continues to gain ground, and could well gain more, as the US Dollar is weakened by a dovish Fed, the prospect of more free money and a benign US inflation outlook.

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Wednesday, 10 February 2021

Canadian Dollar Forecast: Declining Infections, Oil Prices to Buoy CAD

The notable decline in local coronavirus infections, in tandem with crude oil’s surge to post-crisis highs, may buoy the Canadian Dollar against its haven-associated counterparts.

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Platinum Price Charges to 6-Year High, Crude Oil Eyeing OPEC Outlook Report

Platinum rose to a 6-year high as crude oil prices wobbled during a choppy session for the S&P 500. Platinum may be at risk of fading price momentum, with oil eyeing OPEC’s monthly report.

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Gold, Silver Forecast: Real Rates, Weak USD May Underpin XAU, XAG

Climbing inflation expectations, falling real rates of return, and a weaker US Dollar may bolster precious metal prices and pave the way for gold and silver to move higher.

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Dow Jones, Hang Seng, ASX 200 Outlook: Chinese New Year Bringing Lower Liquidity

Asia-Pacific equities look set to open lower following a mixed session on Wall Street. Chinese stock markets are shut for the week-long Chinese New Year holiday, while HK is trading half-day. Weake...

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US Dollar Outlook: USD/MXN Volatility to Rise as Banxico Looms

US Dollar bears took a breather during Wednesday's trading session while market sentiment softened. USD/MXN looks ripe for volatility in light of the Banxico rate decision due.

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Gold Price Forecast: XAU/USD Runs into Resistance, Will it Reverse Lower?

Gold has endured a volatile February thus far after suffering a rapid decline to start the month followed by an about-face that saw most losses recouped. Now encountering resistance, will gold reve...

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Oil Price Eyes Channel Resistance as Inventories Fall for Third Week

The price of oil approaches the upper bound of the ascending channel established in November as US crude inventories contract for the third consecutive week.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...