Wednesday, 3 August 2022

USD Majors (DXY) Trading Strategy



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S&P 500 Blasts Higher, Nasdaq 100 on Brink of Exiting Bear Market Territory, NFP Eyed

U.S. stocks rally vigorously on Wednesday after July U.S. service sector activity data shows the economy remains resilient and inflationary pressures are starting to turn a corner.

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Volatile Currency Pairs Explained



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Markets Worth Trading In Q3 2022 | Exclusive Market Forecast

DailyFX analysts give their expert predictions and their 2022 Q3 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offe...

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Stock Indices Rise as Earnings Drive DAX, FTSE & DJI Higher

Dax, Ftse and Dow Jones rise as earnings ease waning sentiment. Tensions rise ahead of the BoE rate decision. Can equities hold gains?

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Tuesday, 2 August 2022

Crude Oil Prices: EIA Inventory to Shift into Focus After OPEC Announcement

Crude oil prices are slightly higher in APAC trading ahead of today's OPEC meeting. The oil cartel may decide to hold production steady. After that, traders will shift focus to the US EIA inventory...

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Gold Price Peels Lower as US Dollar and Treasury Yields Gain. Where to for XAU/USD?

Gold dipped overnight after four Fed speakers hit the wires to hose down a pivot in policy, sending Treasury yields and the US Dollar higher. Will the XAU/USD recover?

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AUD/USD Hit on Stronger USD, Geopolitical Headwinds After RBA Disappointment

The Australian Dollar sank against a broadly stronger US Dollar as geopolitical risks felled market sentiment. New Zealand posted strong/week second-quarter jobs data, but NZD failed to react.

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USD/JPY Rebounds Ahead of June Low to Keep RSI Out of Oversold Zone

USD/JPY may stage a larger advance over the coming days as the Relative Strength Index (RSI) holds above oversold territory.

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S&P 500 and Nasdaq 100 Slide as Treasury Yields Spike, US-China Tensions Weigh

The Nasdaq 100 and S&P 500 fall Tuesday for a second straight day as U.S. Treasury yields soar on fears that the Fed will continue to raise interest rates aggressively to cool inflation.

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European equities outlook: DAX 40, CAC 40, FTSE 100 Price Action

US speaker Nancy Pelosi has arrived in Taiwan, threatening risk sentiment. Equities remain resilient despite rising risks.

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Euro Technical Analysis: EUR/GBP, EUR/JPY, EUR/USD Rates Outlook

The Euro remains structurally weak across the board.

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Monday, 1 August 2022

Gold Price to Mirror June on Failure to Push Above 50-Day SMA

The price of gold may mirror the price action from June if it fails to push above the 50-Day SMA ($1793).

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Japanese Yen Roars Back to Life – USDJPY, AUDJPY, EURJPY, GBPJPY

The Yen has come back to life as markets digest a recession fears and the FOMC reaching its "neutral range."

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FX Week Ahead - Top 5 Events: RBA Meeting; New Zealand Jobs Report; BOE Meeting; Canada Jobs Report; US NFP

The first week of August sees a typically busy economic calendar, with a global focus after last week’s US-centric offering.

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

USD extends pullback. JPY outperforms, Euro faces topside hurdles. GBP eyes BoE

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How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

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EUR/USD Outlook – Pressing Higher as the US Dollar Loses Its Shine

The single currency is shrugging off poor German retail sales numbers and is looking to print a fresh one-month high as the US dollar weakens further.

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How to Manage Fear and Greed in Trading

Fear and greed, two drivers that influence our lives, can carry over to trading and be detrimental.

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AUD/USD Forecast: RBA Prospects Outdo Weaker PMI’s, Aussie Bid

AUD/USD is looking to re-test the 70c mark once more today ahead of tomorrow’s RBA meeting.

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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...