Crude Oil, Gold Price Outlook: US Lifts Sanctions on Some Iranians, Inflation Ignored

Crude oil prices shrugged off the US lifting sanctions on some Iranian officials as gold did the same after eye-popping inflation data. What is the technical picture for WTI and XAU/USD?

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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Nasdaq 100 May Lead Hang Seng, ASX 200 Higher as Market Shrugs Off CPI

The Nasdaq 100 index rallied as investors shrugged off a stronger-than-expected US inflation data. Jobless claims reached a pandemic-low. Asia-Pacific markets look set to trade higher amid improved...

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US Dollar Analysis: Hot Inflation and a Potential Infrastructure Bill - More Weakness Ahead?

A bipartisan group of 10 Senators reached a preliminary agreement on infrastructure on Wednesday, potentially paving the way for a bill to be put in front of both Congressional chambers in the comi...

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Australian Dollar Forecast: AUD/USD Rises as Post-CPI Bond Yield Drop Drags US Dollar

The Australian Dollar looks to close out a quiet session on a higher note following key economic data prints that left the market with little reaction.

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DAX 30 & FTSE 100 Wedge Breaks Look Imminent, Catalyst Required

The DAX 30 and FTSE 100 have worked themselves into similar rising wedge patterns that may suggest a break lower is imminent. That said, such a breakdown may be difficult to establish given current...

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

The ECB’s June meeting is in the rearview mirror, while the BOE is due up in two weeks’ time.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is down on the day despite the 5% inflation print from this morning. Attention is now shifting towards next week's FOMC.

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USD/CAD to Track June Open Range as Post-BoC Bounce Fizzles

USD/CAD may consolidate before resuming the downward trend from earlier this year as it gives back the bounce following the Bank of Canada (BoC) interest rate decision.

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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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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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Central Bank Digital Currencies: If you can’t beat them, join them?

While cryptocurrencies boom, Central Banks the world over are jostling for supremacy in the CBDC race. Learn about Central Bank Digital Currencies (CBDCs) and how they could reshape the future of t...

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Oil Price Rally Pushes RSI Towards Overbought Territory

A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this year.

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U.S. Inflation Accelerates in May at Fastest Pace since 2008, Treasury Yields Tick Higher

The May CPI jumps 0.6% on a monthly basis and 5% annually, the fastest pace since 2008 as the economic recovery kicks into high gear and energy costs remains skewed to the upside.

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Breaking: ECB to Maintain PEPP Buying at Significantly Higher Pace

No fireworks for Euro as ECB sticks to the script

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Bitcoin (BTC/USD) Rallying Back - Tougher Tests Lie Ahead

Bitcoin is extending Wednesday’s rally - and outperforming the market as a whole – but stubborn resistance higher up may temper any further gains

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Euro Latest: EUR/USD, EUR/JPY Price Action Set Up for ECB Decision

ECB Doves Set the Bar Low for a Hawkish Surprise. PEPP Purchase Rhetoric Expected to be Maintained

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FTSE 100 Outlook: Picks Up Bullish Momentum Aimed at Breaking its Range

The FTSE 100 pushes towards 7,100 as buyers keep momentum going

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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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