Thursday, 11 February 2021

British Pound (GBP) Latest: GBP/USD Upside Persists , EUR/GBP Bearish - UK GDP Firms

UK GDP provides little support given unsurprising beat. EUR/GBP remains bearish below 0.8860.

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Dow Jones, S&P 500 Forecast: Surge to Record Highs Running out of Steam

The S&P 500 and Dow Jones could be at risk of a short-term pullback despite a relatively positive earnings season, accommodative monetary policy settings and the prospect of additional fiscal stimu...

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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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Crude Oil Slips as OPEC, IEA Cut Demand Outlook, Gold Eyes US Stimulus

Crude oil ends 8-day winning streak on demand outlook cuts, gold slips on better-than-expected jobless claims data. US stimulus progress, weak USD to underpin energy and metal prices.

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Australian Dollar Rises as Lunar New Year Begins – Will AUD/USD Gain Further?

The Australian Dollar rose despite dovish commentary from RBA board member Ian Harper, who suggested their QE program has more room to run, if necessary. Elsewhere, Asia-Pacific trading is looking ...

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Bitcoin (BTC/USD) Breaks to New Highs as Twitter, Uber Follow Tesla

Bitcoin (BTC/USD) Threatens Higher-Highs after Twitter, Mastercard and Uber hint at following in Tesla’s footsteps

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USD/MXN Bounces as Bank of Mexico Elects to cut rates by 0.25%

Following the Bank of Mexico's decision to cut rates by 25 bps, USD/MXN bounced towards 20.00 in immediate trade.

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DailyFX Forex Trading Course Walkthrough: Part Ten

It's our final installment but the journey is just beginning. A trader's education continues throughout their career and items like psychology become increasingly important.

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DailyFX Forex Trading Course Walkthrough: Part Nine

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

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DailyFX Forex Trading Course Walkthrough: Part Eight

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

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DailyFX Forex Trading Course Walkthrough: Part Seven

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

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DailyFX Forex Trading Course Walkthrough: Part Six

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

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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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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...