DailyFX - Feeds all

DailyFX - Feeds all


Gold Price Forecast: Gold Bulls Make a Push from Neckline Support

Posted: 06 Jul 2021 07:30 AM PDT

Gold found support at a double-bottom neckline and has since rallied by more than $60 off of the lows.

June ISM Services Slows but Stays Healthy, Dollar Fails to Stage a Large Move

Posted: 06 Jul 2021 07:20 AM PDT

June ISM services cools to 60.1 from an all-time high of 64 in May, but manages to grow at a good pace for the 13th consecutive month, a sign that recovery continues, albeit at a slower rate.

How to Read a Candlestick Chart

Posted: 06 Jul 2021 07:00 AM PDT

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

USD/ZAR Outlook: South Africa Rand Resolute Despite Stronger Dollar

Posted: 06 Jul 2021 05:30 AM PDT

The South African rand opened up the week relatively strong against the dollar which was lifted by surging commodity prices. This has not changed the local outlook but some new short-term levels co...

USD/CAD Outlook: OPEC+ Delay Keeps CAD Supported, USD Picks Up Momentum Ahead of ISM and Fed Meeting Minutes

Posted: 06 Jul 2021 04:00 AM PDT

USD/CAD fails to break lower as US Dollar buyers reappear

Crude Oil Price Continues to Rally After OPEC+ Meeting is Abandoned

Posted: 06 Jul 2021 02:30 AM PDT

Brent crude is trading at highs last seen in late-October 2018 after the latest OPEC+ meeting was unexpectedly called off with no new output boost in view

British Pound (GBP) Latest: Sterling Boosted by UK Government Re-Opening Plan

Posted: 06 Jul 2021 01:05 AM PDT

GBP given additional boost as UK Government announces final stage plans of re-opening the economy.

Why Most Traders Fail and How to Increase Trading Success

Posted: 06 Jul 2021 12:00 AM PDT

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.

Gold Prices at Two-Week Highs as The US Dollar Falls, Eyeing $1,800

Posted: 05 Jul 2021 11:00 PM PDT

Gold prices traded at two-week highs as a weaker US Dollar bolstered the appeal of the yellow metal. The MACD indicator formed a bullish crossover, hinting at further price gains.

Australian Dollar Up as the RBA Scales Down QE, Talks Up Recovery

Posted: 05 Jul 2021 10:00 PM PDT

The Australian Dollar fell as the RBA moved to reduce the size of weekly QE asset purchases while talking up a stronger-than-anticipated economic recovery.

How to Trade After a News Release

Posted: 05 Jul 2021 09:00 PM PDT

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

USD/JPY to Try to Move Higher out of Macro Wedge: Q3 Top Trading Opportunities

Posted: 05 Jul 2021 08:00 PM PDT

USD/JPY had been in a narrowing range the past few years, and on that was a chart that had been of interest for some time for the very reason that it hadn't been of much interest to the broader mar...

Crude Oil Gains to Persist; Stocks to Stay on Their Rocket: Q3 Top Trading Opportunities

Posted: 05 Jul 2021 07:00 PM PDT

Despite some twists and turns, the first half of the year was indeed about the growth story, and heading into 3Q'21, it appears that the tune will remain the same.

Nasdaq 100 at Record High, ASX 200 Eyes RBA Meeting for Clues

Posted: 05 Jul 2021 06:00 PM PDT

The Nasdaq 100 closed at an all-time high as strong NPF data boosted market confidence. Oil prices rallied after OPEC+ talks broke down again. The RBA meeting will be closely eyed by APAC traders.

Short USD/BRL on BCB’s Aggressive Tightening: Q3 Top Trading Opportunities

Posted: 05 Jul 2021 01:30 PM PDT

The Brazilian real has been one of the best performing emerging market currencies during the second quarter of 2021, gaining more than 14% against the US dollar.

Equities Q3 Fundamental Forecast: Stocks to Enjoy Continued Economic Recovery, Seasonality a Concern

Posted: 05 Jul 2021 11:00 AM PDT

The Dow Jones, S&P 500 and Nasdaq 100 entered the third quarter on the back of yet another strong showing in the post-pandemic era as stocks continued to climb across all sectors.

Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities

Posted: 05 Jul 2021 09:00 AM PDT

Back at the end of June, the National Bank of Hungary became the first of the European Union's central banks to start increasing interest rates to ward off the possibility of inflation taking off a...

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