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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Euro Forecast: EUR/USD Price Outlook Still Positive, Reaching for 1.22

Last week ended well for EUR/USD, with Friday’s shockingly poor US jobs data giving it a lift, and this week could well see its advance extend if it can break conclusively above resistance at 1.2150.

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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Gold Price Forecast: Falling Real Rates, Inflation Concerns to Buoy XAU/USD

Falling real rates of return and rising inflation concerns may continue to drive bullion prices higher in the near term, as attention turns to April’s inflation and retail sales data.

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US Dollar Weekly Outlook - US NFPs Massive Miss, Heavyweight Data Next Week Will Steer the US Dollar

The US dollar rattled lower after a huge downside miss in the latest Jobs Report, will look to a clutch of heavyweight data releases to shape its near-term direction.

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Bitcoin (BTC) Rallying Back, Ethereum (ETH) and The Alt-Coin Market Soar to Record-Breaking Highs

Another week of record breaking gains in the alt-coin space, while Ethereum (ETH) continues to print fresh highs and eats into Bitcoin’s (BTC) market dominance.

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Australian Dollar Outlook: AUD/USD May Rise on Dovish Fed Speak After Huge NFP Miss

The pro-risk Australian Dollar may extend gains after the record miss in US jobs data, amplifying dovish rhetoric from the Federal Reserve and keeping the Dow Jones and S&P 500 intact.

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Bitcoin, DOGE, Ethereum: Resilient ahead of Elon Musk SNL Appearance

Elon Musk’s Saturday Night Live (SNL) appearance has DOGE, Bitcoin and Ether on High Alert

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Will Lumber Prices Prick US Housing Bubble or Will Low Mortgage Rates Prevail?

There’s a lot of chatter among market participants about the state of the US housing market.

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British Pound Forecast: UK GDP Report to Go Unnoticed as BoE Tapers QE

The UK GDP report may generate a limited reaction in GBP/USD as the Bank of England (BoE) slows the pace of its weekly asset purchases.

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Meme Stocks: What are They and Why are They so Popular?

Meme stocks witnessed exponential rises in share price. Find out why and what the risks are?

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Dogecoin, Tesla, GameStop – FinTwit Trends to Watch Next Week

Dogecoin ($DOGE), Tesla ($TSLA), and GameStop ($GME) are three trending markets on FinTwit that traders might want to keep close tabs on in the week ahead.

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Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes

The S&P 500 and Dow Jones pushed to new heights following a disappointing non-farm payroll report. The data miss and subsequent market reaction may suggest Fed tapering fears have eased.

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USD/CAD Snaps Lower as Big Miss on NFPs Fuels Weaker US Dollar

USD/CAD price action is back under pressure as the major currency pair snaps 30-pips lower to erase intraday gains in response to a big miss on monthly nonfarm payrolls data just released.

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How the COVID-19 Pandemic is Disrupting India’s Gold Demand

With COVID-19 cases rising in India, local gold demand has taken a hit. How will this affect the price of gold in Q2?

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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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FTSE 100 Price Outlook - Multi-Month Rally Boosted by UK Local Election Results

The FTSE 100 hit a fresh 14-month high in early trade as the ruling UK Conservative Party won the previous Labour stronghold of Hartlepool for the first time.

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EUR/GBP Holding to Ascending Triangle, Awaiting Scottish Election Results

EURGBP bounces higher after BoE meeting, with focus on whether SNP get a majority in Scotland

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Gold Prices May Retreat as US Jobs Data Flags Sticky Wage Inflation

Gold prices surged before April’s US jobs report but the move may unravel if wage inflation proves stickier than expected, stoking bets on sooner Fed stimulus withdrawal.

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Indian Rupee Gains May Not Last After Banking System Dollar Glut, USD/INR Eyes CPI

The Indian Rupee has been rising despite a surge in local Covid cases, owing to rising yields amid a temporary flood of US Dollars into the banking system. INR remains at risk, eyeing CPI data.

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