Gold Price Analysis: XAU/USD May Rise with Retail Trader Short Bets Ahead of NFPs

Gold prices climbed despite Fed’s Patrick Harker alluding to an eventual scale back of bond purchases. Ahead of NFPs this week, XAU/USD may rise as retail trader short bets accumulate.

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The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions.

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Natural Gas Forecast: Key Trendline in Focus as Strong Exports Provide Support

Natural gas is on track to record its second weekly price gain. Strong export figures have helped underpin prices and remain in focus, but short-term weather and inventory drivers may inject volati...

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Nasdaq 100 Defies Tapering Fears, Nikkei 225 and ASX 200 Trade Higher

The Nasdaq 100 index edged slightly higher despite a Fed official’s comment about tapering bond purchases. AMC soared 95% amid a retail trader frenzy. Asia Pacific markets opened mixed.

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AUD/USD Eyes Trade Data as Post-Australia GDP Move Fails at Technical Resistance

Asia Pacific markets may trade in calm waters as investors await the highly anticipated US NFP report. Meanwhile, AUD/USD may see a directional shift after trade data for May crosses the wires.

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Gold Forecast Bright on Weak USD; Silver Eyes Multi-Year High

Gold price action advanced for its fourth-week straight as silver soared to multi-year highs thanks to a stubbornly weak US Dollar. Will gold and silver prices rise further or will Fed hawks stymie...

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Bitcoin Price Awaits Catalyst as Speculative Mania Heads Elsewhere

Bitcoin trades between two major technical levels as price action slows and the speculative fervor that drove prior volatility shifts to other assets. As a result, Bitcoin may require a catalyst be...

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AUD/USD Susceptible to Defined Range Amid Failure to Test May Low

AUD/USD may continue to trade within a defined range amid the string of failed attempts to test the May low (0.7675).

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Trading the Digital Yuan: The first central bank-backed digital currency

The digital yuan (aka eCNY) is already being tested in mainland China, and the upcoming release of this new blockchain-enabled central bank digital currency (CBDC) is poised to further disrupt inte...

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USD/JPY Approaches May High as Fed Official Expects ‘Further Progress’

USD/JPY approaches the May high (110.20) as Fed Governor Lael Brainard anticipates to “see further progress in coming months.”

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Canadian Dollar Outlook: USD/CAD Rejects Support, CAD/JPY Path Higher

All eyes on the employment report to establish trends. USD/CAD fails to break 1.20 while oil prices soar.

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USD/ZAR Outlook: Record Unemployment Not Enough to Sway Rand

The Rand has taken fundamental knocks this week but USD/ZAR price action tells a different story. How long will this Rand remain resolute?

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Euro Outlook: EUR/USD, EUR/JPY Building on Bullish Support

Euro traders hold strong as focus is shifted to US NFP figures out on Friday

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Dogecoin (DOGE) Surges on Coinbase Pro Listing News, Elon Musk Tweets Approval

Dogecoin is up 25% in the last 24-hours after one of the world’s largest cryptocurrency exchanges, Coinbase, added the meme-inspired coin to its professional trading platform

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British Pound (GBP) Price Outlook: GBP/USD Stable, With Near-Term Bias Lower

GBP/USD continues to lack direction near-term, with the UK’s successful coronavirus vaccination program offset by fears that an ending of the lockdown may be delayed.

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US Dollar and Yen May Rise as Meme Stocks, Coins Warn of Market Excess

The US Dollar and Japanese Yen may soar thanks to haven demand if traders run for the exits amid a collapse in meme stocks and novelty cryptocurrencies.

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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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Crude Oil Prices Hit 2-Year Highs on Upbeat Demand Outlook, Falling Stockpiles

Crude oil prices extended higher after OPEC+ forecasted tighter market conditions and gave a green light to July output hikes. Markets expect US inventories to fall by more than 2 million barrels t...

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How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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Gold Sputters at 1,900 as Fed Taper Talks Gain Steam, Silver Follows

Gold, silver and copper look ahead to the US NFP report. Meanwhile, gold is attempting to hold the psychologically imposing 1,900 level.

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