Tuesday, 3 January 2023

Crude Oil Slips as US Dollar Rallies Amid Recession Fears. Will WTI Push Lower?

Crude oil prices remain under pressure as concerns mount about global growth prospects that initially saw the US Dollar climb before easing today. Will a recession push WTI lower?

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Gold Forecast: XAU/USD New Year Rally Turns to ISM Data as Treasury Yields Dip

Gold prices rallied to start 2023 as the 10-year Treasury yield sank. Ahead, XAU/USD is eyeing ISM Manufacturing data after optimism during Wednesday’s Asia trading session.

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

The USD started off the year with a spurt of strength. But will the Q4 bearish trend take over again, or will see see the bullish breakout that was so prominent in the first nine months of 2022 return?

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Dax, Ftse Positive in First Trading Session of 2023 While Dow Lags

The German Dax and FTSE 100 have entered the year on a positive note while the Dow Jones lagged in the first trading session of the new year.

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Crude Oil Forecast: WTI Finding Resistance but Bullish Momentum Remains Intact

The oil market will be subjected to the effects of constrained supply, meant to offset lower future demand from contracting global economies

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GBP/USD Surrenders the 1.2000 Level as the Dollar Index Roars to Life

GBP/USD starts the new year on the back foot with UK PMI hinting at a tough Q1 for the UK economy. Further downside in store for cable?

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XAU/USD Forecast: Technical Factors Drive Gold Bulls to 1850

Spot gold kicks of 2023 breaking 1850 but XAU/USD shows potential for pullback towards 1830.

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Monday, 2 January 2023

Japanese Yen Springs to Life as Bank of Japan Tightening is in Focus. Lower USD/JPY?

The Japanese Yen gained today as the market looks at the shift in the Bank of Japan’s monetary policy. China’s new approach to Covid-19 is also on traders’ minds.

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Australian Dollar Outlook for 2023 Might Remain US Dollar Dependent Amid Uncertainty

The Australian Dollar has started 2023 on the backfoot with the US Dollar broadly stronger across the board in thin trading conditions before investors and traders return from holidays.

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DailyFX Forex Trading Course Walkthrough: Part Seven

We introduced charts in our series but there's a lot that goes into technical analysis. In this installment, we attempt to condense it down to the lowest common denominator.

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DailyFX Forex Trading Course Walkthrough: Part Six

Technical analysis is a popular field of study in FX markets even though it is simply an examination of the past.

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DailyFX Forex Trading Course Walkthrough: Part Five

In our last installment, we looked at the 'who,' and this time we shift our focus to the 'what.' What are the biggest news events for the FX market?

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Sunday, 1 January 2023

DailyFX Forex Trading Course Walkthrough: Part Four

Fundamental analysis is key for projections, but since the global financial collapse, there's been a dominant force that traders need to account for, and that's the Central Bank.

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DailyFX Forex Trading Course Walkthrough: Part Three

Analysis is key for traders' decision making processes, but this is a wide field with numerous topics. In this article, we aim to simplify while helping you to get started.

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DailyFX Forex Trading Course Walkthrough: Part Two

What fundamental factor is a primary driver of FX prices? In this second installment in our 10-part series, we shift the focus to an important aspect of market dynamics.

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Friday, 30 December 2022

Where Can the S&P 500, Volume and Volatility Go In the First Week and Month of 2023?

We are heading into 2023 with a flimsy sense of stability attempting to offset this past year largely defined by its bearish course. The debate around whether the S&P 500 – and by proxy, markets in general – will re-enter its dive or recovery is a healthy one, but seasonal norms will facilitate their own expectations.

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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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GBP Forecast: Pound Pressure Despite UK Housing Prices Beat

GBP/USD extends its sideways price movement but could breakout with next week’s U.S. economic data.

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EUR/USD Outlook: Surrenders Gains as 1.0700 Resistance Holds Firm

EUR/USD enjoyed its best day of gains in 2 weeks. Will we close 2022 above the 1.0700 handle or are we in for more messy price action for the rest of the day?

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Commodity Market Focus Shifts from Supply to Demand

Inflation, Ukraine and China’s Covid Response will be the three key commodity market themes in the coming year.

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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...