EUR/USD Extends Decline to Test 50-Day SMA Ahead of ECB Rate Decision

The European Central Bank (ECB) interest rate decision may do little to shore up the Euro as the Governing Council appears to be on track to retain the current policy.

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The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

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USD/JPY Trades Back Above 50-Day SMA to Clear Monthly Opening Range

USD/JPY may hold above the 50-Day SMA (110.02) ahead of the next Federal Reserve meeting as it clears the opening range for September.

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Canadian Dollar Latest: USD/CAD Dips Briefly on BoC, USD Dictating Play

USD/CAD pays little attention to BoC. USD driving price action.

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EUR/USD Outlook – Steered by the US Dollar as Notable ECB Meeting Nears

The post-NFP recovery in the US dollar continues to force EUR/USD back down to 1.1800 as the ECB finalizes its latest monetary policy decision.

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Japanese Yen Forecast: USD/JPY Coiling Up For a Breakout

US rates may provide the direction for USD/JPY. Breakout risk rises.

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DAX 30 Looking Weak as General Election Looms

The DAX 30 pullback continues amid growth concerns and unclear election run-up

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Nikkei 225 Up and Yen Down on Japan PM Hopeful Talks Stimulus, USD/CAD Eyes Bank of Canada

Japan’s Nikkei 225 is nearing 30-year highs while the Yen fell onoptimism about a new Prime Minister, Will the Bank of Canada leave the USD/CAD trend intact?

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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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Crude Oil, Copper and Iron Ore: US Dollar Haven Flows Pressure Commodities

Fears over an economic slowdown intensified after last week's NFP miss. The safe-haven US Dollar is putting the pressure on commodities.

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AUD/USD Drop May Continue After Dovish RBA, Wall Street Losses

The risk-sensitive Australia Dollar is extending its post-RBA move lower Against the US Dollar after Wall Street stocks sold off. Today's economic docket is light, leaving prevailing risk trends in...

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Delta variant concerns and political considerations are changing the narrative around the BOC, RBA, and RBNZ as September begins.

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Fibonacci Confluence on FX Pairs

Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight

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Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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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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S&P 500 Outlook: Will There Be a Market Correction in the Near-Term?

Slowing economic growth, deteriorating market breadth, elevated valuations, seasonal weakness and the prospect of higher corporate taxes pose risks to the S&P 500 in the near term.

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Canadian Dollar Forecast: USD/CAD Awaiting BoC Meeting

Softer risk appetite prompts USD/CAD to test short-term resistance.

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USD/ZAR Breaking News: Rand Fades After Mixed South African GDP

South African GDP displayed mixed results but markets responded negatively to missed QoQ data as the rand slipped - USD/ZAR trades above 14.30.

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Gold Price Forecast: XAU/USD Bulls Struggle to Keep Bullish Trendline

XAU/USD latest price reversal puts its bullish trendline at risk if drop continues

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Bitcoin (BTC) Becomes Legal Tender in El Salvador, Solana (SOL) Continues to Surge Higher

Bitcoin is now legal tender in El Salvador and the country now holds 400 BTC and is looking to buy more.�

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