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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USD/CAD Snaps Lower, Canadian Dollar Soars as BoC Tapers Policy

USD/CAD price action just plummeted 40-pips as the Canadian Dollar strengthens sharply in response to the Bank of Canada announcing the removal of its emergency market liquidity programs.

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Crude Oil Price Forecast: CL Snaps Back - Pullback or Reversal?

Crude oil prices have snapped back and taken out a big level of support along the way. Is a bigger reversal brewing in oil prices?

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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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NZD/USD Rate Forecast: Head-and-Shoulders Formation Takes Shape

Recent price action warns of a further decline in NZD/USD as a head-and-shoulders formation appears to be taking shape.

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Sentiment in EUR/USD, GBP/USD, AUD/USD and NZD/USD Hurt by EU Lockdowns | Webinar

Trader confidence has been hit by the slow vaccine rollout in the EU and Germany’s decisions to extend lockdown until April 18 and close over Easter.

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Canadian Dollar Outlook: Key USD/CAD, AUD/CAD Levels to Watch

USD/CAD facing a potential bullish breakout. AUD/CAD downside remains on stronger US outlook.

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DAX 30 Forecast: Pulling Back From ATH as Germany Imposes Easter Lockdown

The DAX 30 continues to see bullish bias despite renewed Covid-19 lockdown, Volkswagen AG leads the index higher

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USD/MXN Pushing Higher Ahead of Banco de Mexico Interest Rate Decision

The Mexican central bank is unlikely to cut interest rates again at Thursday’s meeting, but nothing can be ruled out and that leaves USD/MXN likely to push higher

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British Pound (GBP) Latest: GBP/USD Slipping After UK Unemployment Data

GBP/USD is trading modestly lower after a labor-market report showing that the UK unemployment rate has dipped to 5% rather than rising as analysts had predicted.

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Euro Price Outlook: EUR/USD Holds Range Amid Covid-19 Third Wave Fears

The recent resilience of the EUR/USD exchange rate may begin to fade in the face of renewed lockdown measures in Germany and a cumbersome rollout of coronavirus vaccines.

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Nasdaq 100, Nikkei 225, ASX 200 Forecast: Yields and Powell Testimony in Focus

Tech led the rebound in stocks on Wall Street as the 10-year yield retreated below the 1.70% mark. Asia Pacific equities look set to follow this positive lead higher. Powell’s testimony will be eye...

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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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NZD/USD May Fall on Technical Signal as APAC Markets Look for Direction

US markets moved higher to start the week, as Treasury yields fell across the curve. Meanwhile, Asia-Pacific markets will trade with a light economic calendar, and this week’s chip-manufacturer fir...

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US Dollar Outlook: USD/TRY Volatility Spikes as Lira Implodes

The US Dollar was little changed against key FX peers like the Euro, Pound, and Yen as Treasury yields edged lower, but USD/TRY price action surged as Turkish Lira volatility exploded.

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Gold Price Recovery Slows, Treasury Yields Remain Key to Future Moves

Gold is in the midst of a recovery rally after cratering to its lowest level since June and bouncing off an important trendline in early March. Treasury yields remain an important part of the equat...

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Dow Jones Price Forecast for the Week Ahead

The Dow Jones trades within a few hundred points of record levels with minimal resistance overhead. Should risk appetite persist, the Dow could drive deeper into uncharted territory.

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CAC 40, Euro Stoxx 50 Step Back From One Year Highs

After hitting their highest levels since February 2020 in mid-March, the CAC 40 and Euro Stoxx 50 are trading slightly lower at the start of the new week.

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Bitcoin (BTC/USD) Backs Down, Ethereum (ETH/USD) Sets Range

Crypto currencies are on their back foot, with Ethereum sticking to what's been a consistent range as Bitcoin bulls take a step back.

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Markets Week Ahead: Dow Jones, US Dollar, Treasury Yields, Crude Oil, Reflation Trade

The Dow Jones, S&P 500 and Nasdaq Composite sank as the Fed remained sanguine about Treasuries. A relatively quiet economic calendar docket ahead may leave the markets focusing on broader fundament...

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