Tuesday, 4 May 2021

Canadian Dollar Forecast: Bullish Divergence Hints at Rebound for USD/CAD

The Canadian Dollar may give up gained ground in the near term, as coronavirus cases continue to remain elevated despite a marked pickup in vaccination rates.

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Monday, 3 May 2021

USD/CNH as Reflation Hopes Build: Q2 Top Trading Opportunities

While USD/CNH has rebounded from a two-and-half year low, the Federal Reserve’s dovish-tilted policy guidance and the PBOC’s neutral stance suggest that the currency pair may lack significant upsid...

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Australian Dollar Outlook: AUD/USD Looks Past RBA, Focusing on Stocks and Sentiment

The Australian Dollar was unphased by the RBA’s May interest rate decision and growth upgrade. AUD/USD’s focusremains on market sentiment as it appears to trade with a slight bullish undertone.

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Crude Oil Price Outlook: OPEC Commentary, EU Summer Travel Lift for Vaccinated Eyed

Crude oil prices shrugged off some weakness on Wall Street, focusing on the EU lifting summer travel for vaccinated people and commentary from OPEC’s second-largest energy producer.

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Gold Price Forecast: XAU/USD Rises as Market Considers Transitory Inflation Theme

Gold prices approach the psychologically imposing 1,800 level as Treasury yields and the US Dollar move lower with markets beginning to capitulate to a possible transitory inflation theme.

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S&P 500 Index Rises on Dovish Fed, Nikkei 225 and ASX 200 Open Mixed

The S&P 500 index rebounded modestly on Monday as Fed Chair Jerome Powell cooled tapering expectations. US ISM manufacturing PMI disappointed. Asia-Pacific markets are poised for a mixed start.

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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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Australian Dollar Forecast: Will AUD/USD Gains Continue After RBA Decision?

AUD/USD shifted higher after key moving averages converged to underpin prices, but today's RBA decision will likely decide the Australian Dollar's direction.

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FX Week Ahead - Top 5 Events: BOE & RBA Meetings; Canada, New Zealand, US Jobs

The first week of a new month brings about the usual smattering of ‘high’ rated event risk from around the globe, including April US NFP.

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Dow Jones, Nasdaq 100, S&P 500, DAX 30 Forecasts for the Week Ahead

A strong earnings season has equipped investors with fresh optimism but price action may struggle to post progress as seasonal headwinds pick up in the month of May. As a result, gains may slow.

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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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Gold Price Forecast: Gold Threatens Break, Bulls Nearing Control

Gold prices have spent almost nine months in a bearish channel. But taking a step back shows that channel as part of a bull flag formation, and buyers are making a push for fresh highs.

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7 Meme Stocks Driving Markets & Making a Mark

The sharp rise in retail trading during the pandemic sparked a surge in 'meme stock' trading and the wild ride continues.

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USD/JPY Hits Session Low as ISM Manufacturing Misses Forecast

USD/JPY price action is extending its slide to session lows as US Dollar bears look to unwind last week's rally on the back of disappointing ISM manufacturing PMI data just released.

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Why Elon Musk Backs Copper? The Metal of the Future

As the world shifts toward a new age that incorporates environmentally friendly technology, copper has risen to the to of the metals chart with Tesla's Elon Musk at the forefront.

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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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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 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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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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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...