USD/CAD Rally Sends RSI Into Overbought Zone for Second Time in 2021

Recent developments in the RSI indicate a further appreciation in USD/CAD as the oscillator climbs above 70 to push into overbought territory for the second time in 2021.

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EUR/USD Outlook: Dollar Gains as Risk Appetite Wanes, ECB Rates in Focus

The US dollar continued its steady rise against the Euro which could continue if the ECB maintains its ultra-dovish stance at the rate setting meeting on Thursday

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AUD/CAD May Be a Catch-Up Trade in Q3: Q3 Top Trading Opportunities

Coming in to Q2 my trade of short AUD/CAD had been predicated on US exceptionalism and the growing divergence between the BoC and RBA.

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British Pound Latest: GBP/USD Slides on Freedom Day Fears, US Dollar Strength

GBP/USD is under pressure as continued fears over the spread of delta covid variant and US dollar strength keep pushing the pair lower

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DAX 30 Outlook: Bears Regain Control Towards 15,300

The DAX 30 continues to pullback from recent highs as economic concerns grow

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Crude Oil Prices Shrug as OPEC+ Strikes Output Increase Deal

Crude oil prices were not meaningfully moved one way or another as OPEC+ officials struck a long-elusive deal on a coordinated output rise. Sentiment trends may lead from here.

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Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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US Dollar Outlook: SGD, THB, IDR, PHP May Fall on Capital Flight, Covid Risks

The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell.

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Gold Prices Down with Stocks as the US Dollar Gains on Haven Demand

Gold prices fell alongside stocks as a dour mood spread across financial markets, boosting haven-minded US Dollar buying and punishing anti-fiat alternatives.

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AUD/USD Under Fire as Australian Lockdowns Ramp Up, Risk Trends in Focus

The Australian Dollar faces a deteriorating economic backdrop as Covid-induced lockdowns across its home country ramp up. A quiet week ahead on the economic calendar leaves prevailing trends unchec...

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Markets Week Ahead: Dow Jones, DAX 30, US Dollar, Euro, ECB, Bitcoin, Elon Musk

Market sentiment deteriorated as the Dow Jones and DAX 30 ended on a downbeat. The US Dollar is notably rising and crude oil prices are weakening. Ahead, the Euro is eyeing the ECB. Bitcoin traders...

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Markets Week Ahead: Dow Jones, DAX 30, US Dollar, Euro, ECB, Bitcoin, Elon Musk

Market sentiment deteriorated as the Dow Jones and DAX 30 ended on a downbeat. The US Dollar is notably rising and crude oil prices are weakening. Ahead, the Euro is eyeing the ECB. Bitcoin traders...

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IBM, Netflix, Twitter Earnings Eyed as Nasdaq 100 Faces "Reality Check"

The magnificent rally of the Nasdaq 100 index is facing a ‘reality check” this week as IBM, Netflix, Intel and Twitter release results. Will they deliver positive surprises?

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The ECB’s Governing Council will make its latest statement on Eurozone monetary policy this coming Thursday and it will likely lead to further losses for the Euro.

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Gold Price to Face Fed Blackout Period Ahead of July Rate Decision

Swings in risk sentiment may influence the price of gold as the Federal Reserve enters the blackout period ahead of the interest rate decision on July 28.

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US Dollar Fundamental Forecast: More Upside on Fed Bets, Safe-Haven Flows

The US Dollar is likely to drive higher on strong fundamental drivers, including increasingly strong bets on Fed tightening and Covid-induced safe-haven flows.

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Bitcoin (BTC), Ethereum (ETH) Sell-Off Into The Weekend, Support Looks Increasingly Fragile

The cryptocurrency market remains under pressure and looks primed to test recent support levels

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Weekly Fundamental Australian Dollar Forecast: Nothing to Like, No Saving Grace

The third week of July brings about a quieter economic calendar for Australia; there are zero ‘high’ rated events on the DailyFX Economic Calendar.

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British Pound (GBP) Weekly Forecast: On Alert for Comments from BOE Members

Hawkish comments from BOE members keep GBP/USD and EUR/GBP within range

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US Dollar Outlook: DXY Reacts to Retail Sales, Consumer Sentiment

The US Dollar continues to trade near session highs with a miss on headline consumer sentiment data being offset by strong retail sales and rising inflation expectations. Where is the DXY headed next?

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