Gold Price Forecast: Delta Variant a Possible Tailwind for XAU/USD?

The quickly-spreading Delta Covid variant poses a potential headwind for the economic rebound narrative. That bodes well for gold prices as it may temper Fed rate hike bets.

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S&P 500 Climbs after FOMC Minutes, Nikkei 225 and ASX 200 Open Mixed

The S&P 500 index closed at an all-time high as the FOMC minutes suggested that Fed officials are “patient” in tapering stimulus. Asia-Pacific markets are positioned to open mixed.

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Crude Oil Prices Fall on OPEC+ Uncertainty, Rising Shale Oil Output

WTI crude oil prices pulled back after briefly hitting a six-year high, as a fruitless OPEC+ meeting added supply uncertainty and threatened a price war. US shale oil production has climbed in rece...

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New Zealand Dollar: Positive Job Ads May Provide Tailwind for Kiwi Dollar

The New Zealand Dollar is aiming higher against the US Dollar. Positive job ads for June is helping lift sentiment, though markets remain wary over the spreading Delta Covid variant.

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Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3

Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to waning bullish impetus.

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Nasdaq 100 Forecast: Technology Stocks Extend to New Heights With Earnings Ahead

The Nasdaq 100 continues to push to new heights as Treasury yields slip and earnings season approaches. While the outlook is encouraging, consolidation may be required before the next leg higher.

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US Dollar Pares Gains Despite Hawkish Tone in FOMC Minutes

The broader DXY Index is erasing gains to trade flat on the day as US Dollar price action pulls back from session highs following the release of June 15-16 Fed meeting minutes.

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Canadian Dollar Shrugs Off Strong Ivey PMI Data, USD/CAD Jumps as Oil Tanks

Economic activity accelerates in June in Canada and rises for the fifth consecutive month, but the PMI data fails to boost the Canadian dollar.

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Oil Price Forecast: Crude Catches Resistance Near Six-Year-Highs

Crude oil has been bid up to fresh highs and buyers are threatening another breakout, with prices testing a key zone on long-term oil charts.

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EUR/USD Price Analysis: Tech Snapshot Ahead of FOMC Minutes

FOMC minutes could validate yesterday’s seemingly pre-emptive move in EUR/USD if hawkish narrative persists.

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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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Canadian Dollar Price - USD/CAD Short-Term Outlook in The Hands of The FOMC

The latest FOMC minutes will be released later today and these will likely decide the next move in USD/CAD

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USD/JPY to Try to Move Higher out of Macro Wedge: Q3 Top Trading Opportunities

USD/JPY had been in a narrowing range the past few years, and on that was a chart that had been of interest for some time for the very reason that it hadn't been of much interest to the broader mar...

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Gold Price Forecast: Gold Continues to Shine Despite USD Gains

Gold remain supported despite USD gains as real yields fall deeper into negative territory.

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British Pound Outlook: GBP/USD Showing Indecision Ahead of FOMC Minutes

Evenly balanced price pressures are keeping GBP/USD calm ahead of FOMC minutes

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Euro May Fall vs. US Dollar as FOMC Minutes Drive Fed Outlook

The Euro may fall against the US Dollar as minutes from June’s FOMC meeting reinforce bearish technical positioning after prices broke chart support.

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Crude Oil Prices Fall on OPEC+ Uncertainty, Rising Shale Oil Output

WTI crude oil prices pulled back after briefly hitting a six-year high, as a fruitless OPEC+ meeting added supply uncertainty and threatened a price war. US shale oil production has climbed in rece...

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Bitcoin (BTC/USD) Forecast: Bitcoin Remains Range-Bound, Clinging to $34,000

Bitcoin prices are struggling to find direction in the aftermath of April’s top, which sent BTC/USD tumbling as much as 50%. Now, prices are range-bound. What are key levels to watch?

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Dow Jones Retreats as Yields Fall, Regulatory Risk Weighs on Hang Seng Index

The Dow Jones pulled back from all-time highs as 10-year Treasury yields plunged, signaling near-term risk aversion. The Hang Seng Index fell for a sixth day amid rising regulatory scrutiny on tech...

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Yen Q3 Fundamental Forecast: Road Ahead Remains Tough

The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.

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