Thursday, 12 August 2021

USD Risks Remain to the Upside Despite Inflation Induced Dip

US Dollar dip to be faded, summer lull kicks in.

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Canadian Dollar Forecast: USD/CAD Remains in The Clutches of The US Dollar

USD/CAD is currently stuck in a low volatility rut and with little Canadian economic data of note released over the next few days, US dollar price action will determine the pair's fate

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Gold Price Forecast: XAU/USD Bulls to Face Critical Fibonacci Level

Gold has been able to pick up some bullish momentum on the back of the latest US CPI data, but are buyers strong enough to break a key resistance?

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British Pound (GBP) Price Outlook: GBP/USD Stable After Strong UK GDP Data

The UK economy grew by a huge 22.2% year/year in Q2, just above analysts' forecasts but not by enough to boost GBP/USD, which continues to trade sideways.

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US Dollar a Focal Point with USD/CHF Approaching Resistance Levels

The US Dollar continues to consolidate after the US CPI release with central bank tapering a key determinant of future direction. As USD rises, CHF depreciation approaches important levels.

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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Wednesday, 11 August 2021

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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Crude Oil Prices Rise on Softer US Dollar Despite EIA Report Disappointment

Crude oil prices are looking higher as the US Dollar's recent rally losses steam. The move higher comes despite a disappointing EIA inventory report. Traders turn to an upcoming oil report from the...

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S&P 500 Hits All-Time Highs as Core CPI Moderates, Hang Seng to Open Higher

The S&P 500 and Dow Jones indexes hit record highs on Wednesday as a moderated core CPI rate soothed tapering fears. The DXY US Dollar index pulled back slightly. Asia-Pacific markets look set to o...

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Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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NZD/USD Wedge Breakout Back in Play as US Dollar Strength Cools

NZD/USD is looking higher ahead of Australian and New Zealand inflation expectations. Meanwhile, China's credit conditions point to easing monetary support.

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Mexican Peso Outlook: USD/MXN at Risk as Traders Eye Another Banxico Rate Hike

Banxico is seen hiking rates by 25bp to 4.50% tomorrow. As the move has been discounted, traders will be paying close attention to forward-guidance to determine the path of monetary policy.

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Oil Price Forecast: Crude Rebound Emerges amid Failed Test of July Low

The price of oil appears to have reversed course following the failed attempt to test the July low ($65.01) as it carves a series of higher highs and lows.

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US Dollar Tests Support After CPI: EUR/USD, GBP/USD, USD/JPY

The US Dollar pulled back after a 5.4% headline inflation print. Is this a temporary pullback or the beginnings of a USD reversal?

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EUR/GBP Price Outlook: Sluggish Eurozone Recovery Weighs on the Euro

The EUR/GBP pair continues to fall within the descending channel as the eurozone continues its rocky road to recovery

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Gold Price Forecast: Rebound in Bullion Generates RSI Buy Signal

The price of gold may stage a larger recovery over the coming days as the Relative Strength Index (RSI) offers a textbook buy signal.

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USD & US Rates Dip, Reprieve for Gold In Reaction to US CPI

USD dips on US CPI, however, moves likely to be short-lived with inflation Fed goal reached

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Bitcoin (BTC), Ethereum (ETH) Rally Further, Alt-Coins Starting to Lead the Move

In the last week, the cryptocurrency market has seen strong double-digit gains across the board with a range of alt-coins leading the charge.

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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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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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...