DailyFX - Feeds all

DailyFX - Feeds all

DiDi, U.S. Treasury Yields & OPEC+ – FinTwit Trends to Watch

Posted: 09 Jul 2021 08:00 AM PDT

FinTwit is gathering steam these past few weeks as market trends continue to intensify. This week Chinese ride service firm DiDi, U.S. treasury yields and OPEC+ disagreements are dominating headlines.

Euro Forecast: EUR/USD Rebound Generates RSI Buy Signal

Posted: 09 Jul 2021 07:00 AM PDT

Recent developments in the Relative Strength Index (RSI) indicate a larger rebound in EUR/USD as the oscillator pushes back above 30 to offer a textbook buy signal.

USD/CAD Drops, CAD/JPY Climbs on Mixed Canadian Jobs Report

Posted: 09 Jul 2021 06:00 AM PDT

The Canadian Dollar is staging a nice rebound during early Friday trade with the Loonie stronger against the US Dollar and Japanese Yen as USD/CAD and CAD/JPY react to the latest employment data.

NZD/USD Price Outlook: Trading Range Develops Ahead of RNBZ Rate Decision

Posted: 09 Jul 2021 04:45 AM PDT

The Kiwi Dollar looks to have settled into a trading range ahead of the RNBZ rate announcement next week where no change to the rate is expected

South African Rand Dollar Price Forecast: USD/ZAR Poised for Bullish Breakout?

Posted: 09 Jul 2021 04:40 AM PDT

The South African Rand remains resilient against the US Dollar as price action remains suppressed at major resistance.

Chinese Yuan (CNH) Sees Muted Reaction Following PBoC Rate Cut

Posted: 09 Jul 2021 03:05 AM PDT

As widely touted, the PboC announces a 50bps rate cut. USD/CNH tests 6.5000.

How to Read a Candlestick Chart

Posted: 09 Jul 2021 02:30 AM PDT

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

Gold Price (XAU/USD) Struggling to Break Meaningfully Higher

Posted: 09 Jul 2021 01:06 AM PDT

Gold's recent move higher is coming under pressure and the near-term outlook may turn negative if short-term trend support fails.

British Pound Down on Soft UK GDP Data. Is GBP/USD Topping?

Posted: 08 Jul 2021 11:33 PM PDT

The British Pound fell as May's UK GDP report fell short of expectations, reinforcing a recent dovish shift in Bank of England policy bets. GBP/USD may be forming a major top.

Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities

Posted: 08 Jul 2021 09:00 PM PDT

Iron ore prices look primed to rise further in Q3 as a developing US infrastructure plan underpins an already bright outlook amid a global recovery.

AUD/USD Bears May Remain In Control as Chinese CPI Disappoints

Posted: 08 Jul 2021 07:00 PM PDT

AUD/USD remains under pressure as commodities retreat. Fed hawkishness spurs further gains for USD as China looks set for additional easing.

Dow Jones Retreats as Sentiment Sours, Will Hang Seng Index Follow?

Posted: 08 Jul 2021 06:00 PM PDT

Wall Street stocks pulled back broadly on Thursday as viral concerns casted a shadow over the growth outlook. 10-year Treasury yields fell to a 4-month low as reflation hopes faded, setting a sour ...

Yen Q3 Fundamental Forecast: Road Ahead Remains Tough

Posted: 08 Jul 2021 05:00 PM PDT

The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.

Australian Dollar Forecast: Risk Aversion Hammers AUD/USD, Chinese Inflation Eyed

Posted: 08 Jul 2021 04:00 PM PDT

Risk aversion swept through markets overnight, driving Treasury yields lower and dragging the risk-sensitive Australian Dollar down. Traders are watching Chinese inflation figures to cross the wires.

Mexico’s High Inflation Opens Door to More Rate Hikes, Mexican Peso Outlook Brightens

Posted: 08 Jul 2021 02:00 PM PDT

Banxico may have to raise interest rates several times in the second half of the year to combat elevated inflation. Tighter monetary policy is likely to support the Mexican peso.

The Basics of Technical Analysis

Posted: 08 Jul 2021 01:30 PM PDT

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

Oil Price Rebound Emerges as US Inventories Contract for Eighth Week

Posted: 08 Jul 2021 01:00 PM PDT

The price of oil extends the rebound from the weekly low ($70.76) as US inventories contract for eight consecutive weeks.

Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Posted: 08 Jul 2021 12:00 PM PDT

The ECB's July meeting is set to convene in two weeks, coming on the heels of its 18-month policy review that concluded on Thursday.

The Most Volatile Currency Pairs and How to Trade Them

Posted: 08 Jul 2021 11:30 AM PDT

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.

Yen Rallies on Rates Theme: USD/JPY, EUR/JPY, GBP/JPY

Posted: 08 Jul 2021 10:08 AM PDT

We're in the summer and ranges are common, but the Yen may be threatening a larger reversal as US rates continue to fall.
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