Webinar: Central Bank Weekly: FOMC Can’t Stop the Dollar Drop - What’s Next?

DailyFX Senior Currency Strategist Christopher Vecchio discusses the major central banks' monetary policies and their implications for FX markets next week.


Webinar: Central Bank Weekly: FOMC Can’t Stop the Dollar Drop - What’s Next?

Becoming a Better Trader: Q&A Session

In this webinar, we discussed various topics ranging from risk management to analytical and execution techniques to psychology.


Becoming a Better Trader: Q&A Session

Webinar: Bitcoin Analysis, Price and Chart Set-Ups

With the Bitcoin (BTC) hard fork now passed and the new token, Bitcoin Cash (BCC) quoted, we look ahead to themes and set-ups in the cryptocurrency space.


Webinar: Bitcoin Analysis, Price and Chart Set-Ups

Trading Outlook for USD, Euro, Cross-rates, Gold & More

In this webinar, we discussed at length the DXY, EURUSD, as well as looked at a few key cross-rates, gold/silver, and equity indices.


Trading Outlook for USD, Euro, Cross-rates, Gold & More

Webinar: Bitcoin Analysis, Price and Chart Set-Ups

With the Bitcoin (BTC) hard fork now passed and the new token, Bitcoin Cash (BCC) quoted, we look ahead to themes and set-ups in the cryptocurrency space.


Webinar: Bitcoin Analysis, Price and Chart Set-Ups

US ADP a Touch Weaker Than Expected, USD Unmoved

The July ADP jobs report disappointed but upward revisions to June’s number help to underpin the USD.


US ADP a Touch Weaker Than Expected, USD Unmoved

AUDUSD Options Point to Confinement Between Key Price Levels

Aussie has cooled off since running for most of July, options-projected one-week range levels are in confluence with important support and resistance levels.


AUDUSD Options Point to Confinement Between Key Price Levels

With USD/JPY at Support, EUR/JPY May Now Breakout

Given EUR/USD strength, USD/JPY at support means EUR/JPY has a chance to extend gains outside of its symmetrical triangle.


With USD/JPY at Support, EUR/JPY May Now Breakout

Crude Oil Prices Brace for EIA Inventory Data After Sharp Selloff

Crude oil prices are bracing for the weekly set of EIA inventory data after oversupply worries produced the largest daily decline in two weeks.


Crude Oil Prices Brace for EIA Inventory Data After Sharp Selloff

Silver Price on Reversal Watch, Gold Signals Possible End to Up-move

Gold and silver have undergone a strong bounce which has both at key points now, price action may be indicating the bounce is done; keep an eye on DXY into support.


Silver Price on Reversal Watch, Gold Signals Possible End to Up-move

US Dollar May Rise if ADP Data, Fed Comments Boost Rate Hike Bets

The US Dollar may rise if upbeat jobs data from ADP and optimistic comments from Federal Reserve officials push traders to upgrade bets on another rate hike this year.


US Dollar May Rise if ADP Data, Fed Comments Boost Rate Hike Bets

What if Dollar Reverses, NZ Jobs Out-Levers RBA on Rate Speculation

The tables have turned this past session with the high profile market movers of the past week (equities and the Dollar) relegated to consolidation while overlooked players (Aussie and Kiwi Dollars) have surprised with volatility.


What if Dollar Reverses, NZ Jobs Out-Levers RBA on Rate Speculation

Apple Stock Climbs as Third Quarter Revenue Beats Expectations

Apple stock climbed in after-hours trade after the third quarter earnings report revealed stronger revenue growth and higher earnings per share.


Apple Stock Climbs as Third Quarter Revenue Beats Expectations

NZ Dollar Drops as Soft Jobs Growth Reduces RBNZ Rate Hike Bets

The New Zealand Dollar depreciated against its major counterparts after soft employment growth reduced near-term RBNZ rate hike expectations.


NZ Dollar Drops as Soft Jobs Growth Reduces RBNZ Rate Hike Bets

August Opening Range Debuts USD Bounce, RBA Works To Weaken AUD

July’s top performing currencies like EUR, AUD, and CAD traded lower on the day while Crude Oil fell 2.5% in what may turn out to be monthly open repositioning.


August Opening Range Debuts USD Bounce, RBA Works To Weaken AUD

Slowing New Zealand Employment to Fuel NZD/USD Losses

New Zealand’s 2Q Employment report may spark a bearish reaction in NZD/USD as the headline reading is expected to slow for the third consecutive quarter.


Slowing New Zealand Employment to Fuel NZD/USD Losses

EUR/USD Rally Vulnerable Ahead of NFP- Pullback to Offer Opportunity

Price is testing near-term slope resistance with the immediate long-bias at risk below these levels. Here are the updated targets & invalidation levels that matter.


EUR/USD Rally Vulnerable Ahead of NFP- Pullback to Offer Opportunity

AUD/USD Risks Larger Pullback as RBA Ramps Up Verbal Intervention

AUD/USD stands at risk for a near-term correction as the Reserve Bank of Australia (RBA) toughens the verbal intervention on the local currency.


AUD/USD Risks Larger Pullback as RBA Ramps Up Verbal Intervention

Cryptocurrency News: Bitcoin Cash Futures Jump After Hard Fork

The digital currencies underlying technology, blockchain, is splitting into two and will host two currencies, Bitcoin (BTC) and Bitcoin Cash (BCC).


Cryptocurrency News: Bitcoin Cash Futures Jump After Hard Fork

Upward Trend in GBP/USD Intact Ahead of BoE Meeting

There’s no sign yet of the strong rally in GBP/USD having run its course ahead of the Bank of England’s ‘Super Thursday’ decision on UK interest rates.


Upward Trend in GBP/USD Intact Ahead of BoE Meeting

Gold & Silver Prices at a Critical Juncture, Crude Oil Too

In this webinar, we discussed primarily the outlook regarding gold & silver, but also looked at crude oil, copper, and equity indices.


Gold & Silver Prices at a Critical Juncture, Crude Oil Too

Gold & Silver Prices at a Critical Juncture, Crude Oil Too

In this webinar, we discussed primarily the outlook regarding gold & silver, but also looked at crude oil, copper, and equity indices.


Gold & Silver Prices at a Critical Juncture, Crude Oil Too

Webinar: DailyFX European Desk Round Table: Euro, Pound Enter August on Strong Footing

Join DailyFX strategists Christopher Vecchio, Martin Essex, and Nick Cawley for a discussion on the major influences out of Europe impacting FX markets.


Webinar: DailyFX European Desk Round Table: Euro, Pound Enter August on Strong Footing

S&P 500 – Consolidating or Short-term Top Leading to Test of Support?

U.S. markets are still hanging tough and the broader trend remains firmly higher, but a short-term pattern may lead to a retracement towards support in the S&P 500.


S&P 500 – Consolidating or Short-term Top Leading to Test of Support?

Gold Prices May Turn From 7-Week High on US PCE, ISM Data

Gold prices may turn lower having stalled at chart resistance after setting a seven-week high as upbeat US economic data boosts bets on another Fed rate hike in 2017.


Gold Prices May Turn From 7-Week High on US PCE, ISM Data

Euro-Zone Q2 GDP Growth Rises to 2.1% Y/Y, EUR/USD Dips

Euro-Zone economic growth picked up to 2.1% year/year in the second quarter of 2017 but the Euro eased modestly in the currency markets.


Euro-Zone Q2 GDP Growth Rises to 2.1% Y/Y, EUR/USD Dips

DAX Dripping Lower, Bearish Outlook Remains Intact

The German index is below the neckline of an H&S topping formation, working towards gap-fill; outlined levels to watch with further weakness.


DAX Dripping Lower, Bearish Outlook Remains Intact

Euro, Pound May Fall as the US Dollar Gains on Data Surprises

The Euro and the British Pound may fall as Eurozone GDP and UK PMI data disappoints while the US Dollar gains on better-than-expected PCE and ISM results.


Euro, Pound May Fall as the US Dollar Gains on Data Surprises

Australian Dollar Whipsaws After RBA Policy Announcement

Australian Dollar spiked briefly lower after the RBA monetary policy announcement but losses were swiftly erased as investors sized up the currency’s lasting yield appeal.


Australian Dollar Whipsaws After RBA Policy Announcement

Australian Dollar Rises After Chinese PMI Beats, RBA on Deck

The Australian Dollar extended its gains from Monday following better than expected Caixin Chinese Manufacturing PMI data, coming in at 51.1 versus 50.4 expected.


Australian Dollar Rises After Chinese PMI Beats, RBA on Deck

EUR/USD Climb Continues Through 1.1800, RBA Options Vary, SPX Consolidates

Resistance is losing out to momentum and a certain degree of fundamental complacency when it comes to EUR/USD, the world's most liquid pair.


EUR/USD Climb Continues Through 1.1800, RBA Options Vary, SPX Consolidates

AUD/USD Rally to Unravel on Wait-and-See RBA

The RBA rate decision may generate a bearish reaction in AUD/USD if the central bank shows a greater willingness to retain the record-low cash rate throughout 2017.


AUD/USD Rally to Unravel on Wait-and-See RBA

EUR/USD Cracks Above 1.18 May Still Be Undervalued, Metals On A Tear

In a fitting end to the month of July, the Dollar is working on its worst run since 2011 as other currencies that are linked to the European economy and commodities are doing mighty fine.


EUR/USD Cracks Above 1.18 May Still Be Undervalued, Metals On A Tear

Near-term Setups in USDCAD, GBPJPY & EURJPY

Here's an update on the technical setup's I’ll be tracking into the weekly / monthly open.


Near-term Setups in USDCAD, GBPJPY & EURJPY

Post-FOMC EUR/USD Strength to Persist Ahead of NFP Report

EUR/USD may continue to target fresh 2017-highs as mixed developments coming out of the U.S. economy drag on interest-rate expectations.


Post-FOMC EUR/USD Strength to Persist Ahead of NFP Report

Webinar: FX Week Ahead: RBA, BOE Rate Decisions Headline Week - US NFPs Too

In the FX Week Ahead webinar, we review the top rated events on the DailyFX Economic Calendar and look at how they might impact FX markets.


Webinar: FX Week Ahead: RBA, BOE Rate Decisions Headline Week - US NFPs Too

USD at the Lows Ahead of the July Close- When Will the Pain End?

Webinar highlighting featured setups we’re tracking into the weekly / monthly open. Here are the updated targets & invalidation levels that matter.


USD at the Lows Ahead of the July Close- When Will the Pain End?

S&P 500 Remains a Buy until this Changes

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


S&P 500 Remains a Buy until this Changes

Australian Dollar Forecast to Continue Higher versus US Dollar

We will take a cautiously bullish contrarian trading bias for the AUDUSD until we see more sustained signs of a turnaround in sentiment.


Australian Dollar Forecast to Continue Higher versus US Dollar

Gold Price Shows Uncertainty - What’s Next?

The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.


Gold Price Shows Uncertainty - What’s Next?

US Dollar - Is it a Buy or Sell versus Japanese Yen?

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.


US Dollar - Is it a Buy or Sell versus Japanese Yen?

British Pound Forecast to Rally even Further

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPUSD prices may continue to rise.


British Pound Forecast to Rally even Further

Euro Likely to Hit Further Highs until this Changes

We've seen a slowdown in selling, but there would need to be a much more substantial swing in sentiment before we could call for a meaningful EURUSD turnaround.


Euro Likely to Hit Further Highs until this Changes

Brexit Briefing: UK Monetary Policy in Focus as Brexit Impact on GBP Fades

Taxation and immigration were in the Brexit spotlight Monday but GBP traders are more interested in this week’s decisions on monetary policy by the Bank of England.


Brexit Briefing: UK Monetary Policy in Focus as Brexit Impact on GBP Fades

USD/JPY to Extend Bearish Sequence on Lackluster ISM Survey

Another batch of lackluster U.S. data prints may fuel the bearish sequence in USD/JPY as market participants scale back bets for three Fed rate-hikes in 2017.


USD/JPY to Extend Bearish Sequence on Lackluster ISM Survey

Cryptocurrency News: Bitcoin Eyes Highs as Fork Approaches

Bitcoin’s scaling debate has got a lot more interesting as a new token, Bitcoin Cash (BCC), nears via a potential hard fork on August 1.


Cryptocurrency News: Bitcoin Eyes Highs as Fork Approaches

Equities Up as EZ Core Inflation Hits Four-year High

European markets are gaining thanks to a rally in miners with Iron ore prices hitting a four-month high.


Equities Up as EZ Core Inflation Hits Four-year High

EUR/USD, GBP/USD in the Spotlight Ahead of Euro data, BoE

This is another big week for FX markets with a plethora of pivotal data points. U.S. Dollar weakness remains as EUR/USD, and GBP/USD have recently set fresh highs: Will this week's data continue the trend?


EUR/USD, GBP/USD in the Spotlight Ahead of Euro data, BoE

COT: Gold Prices Entice Large Speculators, Australian & Canadian Dollar Longs Grow

Large speculators increase net long gold position for first time since early June, AUD and CAD traders continue to add to their long position.


COT: Gold Prices Entice Large Speculators, Australian & Canadian Dollar Longs Grow

FX Markets Look to RBA & BOE Rate Decisions, US NFPs on Friday

As the calendar turns to August, look for activity in FX markets to pick up thanks to a stacked economic calendar.


FX Markets Look to RBA & BOE Rate Decisions, US NFPs on Friday

Webinar: Sentiment and Positioning Pointers to Likely Price Moves

In this weekly webinar, DailyFX Analyst and Editor Martin Essex looks at the most important themes driving confidence in the financial markets.


Webinar: Sentiment and Positioning Pointers to Likely Price Moves

USDCAD One-week Options Projected Range-Low in Confluence with Long-term Trend-line

USDCAD has dropped precipitously, but with oversold conditions present and a long-term trend-line not far below, risk appears skewed towards a bounce soon.


USDCAD One-week Options Projected Range-Low in Confluence with Long-term Trend-line

EUR/USD Rally at Risk into July Close as Focus Shifts to NFP

The rally is approaching structural resistance with the pair at risk for near-term exhaustion next week. Here are the updated targets & invalidation levels that matter.


EUR/USD Rally at Risk into July Close as Focus Shifts to NFP

EUR/USD Remains at a Two-and-a Half Year High

The latest Euro-Zone ‘flash’ inflation readings for July highlight the need for ongoing loose monetary policy.


EUR/USD Remains at a Two-and-a Half Year High

Euro Has to Get by July Inflation, Q2 Euro-Zone GDP if Rally is to Continue

The Euro is trading at its highest level since January 2015 versus the US Dollar, with seemingly nothing able to slowdown the rally. Yet the upcoming docket of economic data may offer reason for traders to pause with their aggressive bullish bets.


Euro Has to Get by July Inflation, Q2 Euro-Zone GDP if Rally is to Continue

Weekly Trading Forecast: Dollar to Clarify Reversal Ambitions, RBA and BoE Ahead

The Dollar attempted to stem the bleeding this past week, but there is so far limited lift on a reversal attempt heading into the new week. Hawkish BoE and RBA decisions or a surprise NFPs could shake up the FX standings ahead.


Weekly Trading Forecast: Dollar to Clarify Reversal Ambitions, RBA and BoE Ahead

EUR/CHF Surge Revives the Tradability of The Swiss Franc Crosses

EUR/CHF posted an incredible four-day charge through Friday to secure one of the strongest weekly performances for the pair


EUR/CHF Surge Revives the Tradability of The Swiss Franc Crosses

SPX Next Moves Depends on Uneven Risk, Dollar’s on BoE and RBA

It may seem clear that the whether the Dollar holds and reverses or breaks and extends its collapse next week depends on how the July NFPs print on Friday.


SPX Next Moves Depends on Uneven Risk, Dollar’s on BoE and RBA

WTI And Brent Crude Oil Pivots on OPEC Actions to Best Week of 2017

Crude Oil had everything going in its favor this week, thanks to OPEC, a weak USD, and a larger than anticipated supply draw to rise nearly 7% on the week.


WTI And Brent Crude Oil Pivots on OPEC Actions to Best Week of 2017

Gold Prices Continue to Shine on Dollar Decline- Resistance Ahead

Gold prices posted the largest weekly rally since May with the advance now eyeing slope resistance. Here are the updated targets & invalidation levels that matter next week.


Gold Prices Continue to Shine on Dollar Decline- Resistance Ahead

Yuan May Suspend Rally, Eyes on PMI

In order to advance further, the Chinese Yuan would need stimulation. Yet, Chinese PMI gauges are less likely to provide sufficient support.


Yuan May Suspend Rally, Eyes on PMI

Hawkish RBA to Fuel Change in AUD/USD Behavior

Fresh remarks from the Reserve Bank of Australia (RBA) may fuel the shift in AUD/USD behavior should the central bank endorse a hawkish outlook for monetary policy.


Hawkish RBA to Fuel Change in AUD/USD Behavior

Dollar Descent Continues as U.S. Markets Stare Down NFP, PCE

The USD Pain Trade has continued for another week as the Fed laid the groundwork to begin Quantitative Tightening. Key inflation and employment prints on the docket for next week will likely keep the Greenback on the move.


Dollar Descent Continues as U.S. Markets Stare Down NFP, PCE

GBP: Trending Up Against USD, Sideways Against EUR

The coming week will be dominated by a meeting of the Bank of England’s monetary policy committee, where all UK monetary settings will likely be left unchanged.


GBP: Trending Up Against USD, Sideways Against EUR

Canadian Dollar Soars, 17-Year High GDP Boosts BoC Rate Hike Bets

The Canadian Dollar advanced against all its major counterparts following a 17-year high GDP reading, which has in turn bolstered Bank of Canada rate hike speculation.


Canadian Dollar Soars, 17-Year High GDP Boosts BoC Rate Hike Bets

Amazon Shares Slide As 2Q Earnings Show Big Miss On Bottom Line

Amazon Inc. shares slid in after-hours trading as the e-commerce giant announced the financial results for its second quarter earnings, widely missing Wall Street expectations.


Amazon Shares Slide As 2Q Earnings Show Big Miss On Bottom Line

USD Goes Defensive As US Data Misses, Canada’s Economy Is Red Hot

The Dollar declines continue to mount as US economic data pales in comparison to that seen in Canada and Europe. Crude Oil finishes best week of 2017.


USD Goes Defensive As US Data Misses, Canada’s Economy Is Red Hot

DailyFX Roundtable: U.S. GDP Implications for Fed Outlook, FX Market

Join DailyFX Strategists Michael Boutros, Paul Robinson and David Song to cover the 2Q U.S. GDP report along with key trade setups going into August.


DailyFX Roundtable: U.S. GDP Implications for Fed Outlook, FX Market

Sterling Traders Face a Packed Week Ahead

A raft of sentiment data followed by ‘Super Thursday’ will keep GBP traders on their toes.


Sterling Traders Face a Packed Week Ahead

Euro at Highest Level Since January 2015 after French GDP

France's economy continues to grow in the second quarter by 0.5% representing the ninth quarterly rise.


Euro at Highest Level Since January 2015 after French GDP

TEST

TEST


TEST

Euro CPI, BoE Super Thursday, NFP to Headline Next Week

The U.S. Dollar down-trend has stretched into another week after FOMC, but with NFP on the horizon with a slew of pertinent data prints around the globe - are we nearing a low in USD?


Euro CPI, BoE Super Thursday, NFP to Headline Next Week

US Dollar Dives Again as Low Inflation Gauges Trump Jump in Q2 Growth

The US economy sped up in the second quarter, but declining inflation readings have plagued the US Dollar – and sent the DXY Index back towards yearly lows.


US Dollar Dives Again as Low Inflation Gauges Trump Jump in Q2 Growth

Trading Outlook for USD-pairs, Gold/Silver Price, DAX & More

In this webinar, we discussed the possibility of the US dollar changing course, a couple of attractive trade set-ups, along with precious metals, oil, and stock indices.


Trading Outlook for USD-pairs, Gold/Silver Price, DAX & More

Will GDP Data Help the US Dollar Finish the Week Positive?

Despite slipping after the July FOMC rate decision on Wednesday, the US Dollar (via DXY Index) has a chance to finish in the black this week if US growth data beats expectations today.


Will GDP Data Help the US Dollar Finish the Week Positive?

Join Us For Friday’s Roundtable To Cover The US Q2 GDP Print Live

Why is this Friday’s advanced GDP print for the US economy important for you and your trading? Let us count the ways and share with you how you can get the access to our top mind’s view on what the print could mean for your trading.


Join Us For Friday’s Roundtable To Cover The US Q2 GDP Print Live

USDJPY Long an Attractive Proposition from Here

The US dollar versus the Japanese Yen holds an attractive risk/reward profile from current levels.


USDJPY Long an Attractive Proposition from Here

Cryptocurrency News: Money Laundering, Bitcoin Forks and SEC Oversight

US Department of Justice claims that $4 billion was laundered via the BTC-e bitcoin exchange.


Cryptocurrency News: Money Laundering, Bitcoin Forks and SEC Oversight

Silver Price Reverses off Confluence of Resistance, Gold at a Big Spot

Precious metals appear to have ended or be very near the end of a bounce; silver price action yesterday bearish at cross-road while gold trading around long-term trend-line.


Silver Price Reverses off Confluence of Resistance, Gold at a Big Spot

EUR/GBP Technical Analysis: Euro Gains Stall, Downturn May Follow

The Euro is struggling to make continued upward progress after rising to the highest level in nearly nine months against the British Pound.


EUR/GBP Technical Analysis: Euro Gains Stall, Downturn May Follow

Webinar: Strong Euro-Zone Growth Data Highlight ECB’s Dilemma

As EUR/USD continues to strengthen, Q2 GDP data from France, Spain and Austria have highlighted the ECB’s problem: whether to tighten monetary policy when the currency is strong and inflation is low.


Webinar: Strong Euro-Zone Growth Data Highlight ECB’s Dilemma

U.S. GDP Report: Slowing Core PCE to Curb EUR/USD Weakness

A material slowdown in the Fed’s preferred gauge for inflation may overshadow an uptick in U.S. GDP as price growth continues to run below the 2% target.


U.S. GDP Report: Slowing Core PCE to Curb EUR/USD Weakness

Euro at Risk on German CPI, US Dollar Seeks Help From GDP Data

The Euro may decline if soft German inflation data undercuts the case for ECB tightening while the US Dollar may rise if second-quarter US GDP revives 2017 Fed rate hike bets.


Euro at Risk on German CPI, US Dollar Seeks Help From GDP Data

How Will the Dollar, Yen, Gold and Bitcoin Respond When Risk Reverses?

It may seem inconceivable that risk trends will eventually reverse course following years of persistent advance


How Will the Dollar, Yen, Gold and Bitcoin Respond When Risk Reverses?

Japanese Yen Gains on Better Employment Figures, In-Line CPI

The Japanese Yen received a slight boost from encouraging employment and in-line CPI readings following a recent downgrade in BoJ inflation expectations.


Japanese Yen Gains on Better Employment Figures, In-Line CPI

True Dollar and Dow Reversals or Simply a Necessary Breather?

The Dollar put in for a strong rebound this past session, but the impression this move leaves us with after the sound beating it has taken throughout 2017 is understandably reserved.


True Dollar and Dow Reversals or Simply a Necessary Breather?

USD/CAD Reaches 1.24 Target

USD/CAD reaches a longer term wave relationship near 1.24. The probability for a bounce higher towards 1.28 is increasing.


USD/CAD Reaches 1.24 Target

US GDP Sets Stage For US Dollar Test, Multiple Pairs Approach 200-WMA

Thursday’s price action was centered on the apparent turnaround in the USD and persistent weakness in the Swiss Franc. Friday’s GDP print to test Thursday's price action.


US GDP Sets Stage For US Dollar Test, Multiple Pairs Approach 200-WMA

Trading the Majors, post-FOMC (7.27.2017)

The U.S. Dollar has spent much of 2017 moving lower, and yesterday's FOMC announcement did little to help. But are we at the point where diminished expectations for U.S. data can lead to a stronger thematic push of USD strength?


Trading the Majors, post-FOMC (7.27.2017)

USD/CAD: Is a Low in Place? US, Canada GDP on Deck

Price is attempting to rebound after plummeting nearly 10% off the yearly highs. Here are the updated targets & invalidation levels that matter.


USD/CAD: Is a Low in Place? US, Canada GDP on Deck

GBP/USD Technical Pattern Taking Shape of a Terminal Wave

Cable appears to be topping with multiple degrees of trend sporting a terminal wave higher. Look for technical support levels to break to confirm a top.


GBP/USD Technical Pattern Taking Shape of a Terminal Wave

GBP/USD Technical Analysis: Cable Crumbles after Fresh 2017 Highs

The elusive bullish theme in the British Pound came close to reality as inflation was ticking-higher in June. But with less inflationary pressure and a rather committed BoE, are we close to seeing capitulation within the MPC?


GBP/USD Technical Analysis: Cable Crumbles after Fresh 2017 Highs

GBP/USD Topside Hurdles in Focus Ahead of BoE ’Super Thursday’ Event

Fresh updates from the BoE may heavily influence the near-term outlook for GBP/USD as Governor Carney warns ‘inflation will be above target for a period of time.’


GBP/USD Topside Hurdles in Focus Ahead of BoE ’Super Thursday’ Event

Webinar: Central Bank Weekly: FOMC Can’t Stop the Dollar Drop - What’s Next?

DailyFX Senior Currency Strategist Christopher Vecchio discusses the major central banks' monetary policies and their implications for FX markets next week.


Webinar: Central Bank Weekly: FOMC Can’t Stop the Dollar Drop - What’s Next?

Becoming a Better Trader: Trading with Candlesticks

In this webinar, we discussed the power behind incorporating specific candlestick types into the analytical and trade execution process.


Becoming a Better Trader: Trading with Candlesticks

US Trade, Durable Goods Orders Data Suggest Upside for Q2 GDP

Better than expected data for US trade and durable goods orders in June suggest tomorrow’s second-quarter GDP figures could be higher than previously forecast.


US Trade, Durable Goods Orders Data Suggest Upside for Q2 GDP

Dollar Drops, Euro Rips after FOMC: U.S. Data, GDP in the Spotlight

Another leg of weakness showed-up in the Dollar after yesterday's FOMC announcement. But this heavily-shorted market may need some very negative data to continue the drive-lower.


Dollar Drops, Euro Rips after FOMC: U.S. Data, GDP in the Spotlight

S&P 500 – What’s a Trader to Do Up Here?

Stocks are trading at record levels and volatility is low, making for a challenging environment for traders; some thoughts on how to handle current market conditions.


S&P 500 – What’s a Trader to Do Up Here?

NZD/USD Technical Analysis: 10-Month Down Trend Broken

The New Zealand Dollarraced higher against its US namesake, smashing out of a narrow consolidation range to post the largest daily gain in over six months.


NZD/USD Technical Analysis: 10-Month Down Trend Broken

DAX Tech Outlook: Stubbornly Holding On

DAX Tech Outlook: Stubbornly Holding On

AUD/USD Technical Analysis: Blow-Off Top in the Works?

The Australian Dollar renewed the upward push against its US counterpart following a brief period of consolidation below the 0.80 figure.


AUD/USD Technical Analysis: Blow-Off Top in the Works?

Upbeat U.S. Durable Goods Orders Report to Curb EUR/USD Resilience

Increased demand for U.S. Durable Goods may spark a bullish reaction in the greenback as the FOMC appears to be on course to unload the balance sheet later this year.


Upbeat U.S. Durable Goods Orders Report to Curb EUR/USD Resilience

EUR/USD Technical Analysis: Trying to Clear Path Above 1.18

The Euro continues to push higher against the US Dollar, with prices surging to the highest level since January 2015 following an FOMC statement the markets deemed to be dovish.


EUR/USD Technical Analysis: Trying to Clear Path Above 1.18

Gold Prices May Stall After Surging on FOMC Outcome

Gold prices may stall after hitting a six-week high in the wake of the FOMC policy announcement. Crude oil prices are eyeing the corporate earnings docket.


Gold Prices May Stall After Surging on FOMC Outcome

Aussie Dollar Boosted by ASX 200 Gains Instead of Chinese Data

The Australian Dollar paused its rally briefly to take little notice of higher Chinese industrial profits before resuming its ascent alongside ASX 200 shares.


Aussie Dollar Boosted by ASX 200 Gains Instead of Chinese Data

EUR/USD On Verge of Clearing 2.5 Year Range High After Fed Hold

There was a sense of nervous anxiety in the markets this past session as speculative interests were turned forward to the upcoming sessions' high level event risk.


EUR/USD On Verge of Clearing 2.5 Year Range High After Fed Hold

Is the EUR/USD 30 Month High a Breakout or Fake Out?

The EUR/USD price break higher has caught many traders off guard. Using Elliott Wave Theory, we study the waves and project higher probability patterns.


Is the EUR/USD 30 Month High a Breakout or Fake Out?

Fed Forces USD To 14-Month Lows, Inventory Draw Lifts Crude Oil

The DXY turnaround was short lived, and it looks like the trend followers win again after an unsurprising FOMC announcement showed a Fed not interested in tightening.


Fed Forces USD To 14-Month Lows, Inventory Draw Lifts Crude Oil

Long U.S. Dollar vs. GBP, JPY

The U.S. Dollar has put in another spurt of weakness after the July FOMC rate decision. But with a slate of high-impact data on the calendar for the remainder of this week, bullish positions in the Greenback may become attractive again.


Long U.S. Dollar vs. GBP, JPY

US Dollar Falls as FOMC Holds Rates, Raises Concern Over Low Inflation

Despite a change in language that suggested the balance sheet unwind would start in the coming weeks or months, the US Dollar continued to move lower after the Fed rate decision.


US Dollar Falls as FOMC Holds Rates, Raises Concern Over Low Inflation

Webinar: Weekly Trading Q&A: Prepping for July FOMC Decision and Impact on USD-pairs

DailyFX Senior Currency Strategist Christopher Vecchio outlines trade setups in USD-pairs ahead of the FOMC rate decision.


Webinar: Weekly Trading Q&A: Prepping for July FOMC Decision and Impact on USD-pairs

GBP/JPY Rally Approaching Resistance- Breakout Pending

Price is approaching downtrend resistance ahead of key Japanese inflation data later this the week. Here are the updated targets & invalidation levels that matter.


GBP/JPY Rally Approaching Resistance- Breakout Pending

Crude Oil Price Forecast: Bullishness Aligns with Shrinking Supply Glut

Crude Oil Bulls can put another feather in their cap as the weekly EIA report showed the glut is shrinking and a breakout could be developing.


Crude Oil Price Forecast: Bullishness Aligns with Shrinking Supply Glut

Brexit Briefing: Sterling Holds Its Ground as Soft Brexit Hopes Rise

Traders in the British Pound are holding their nerve as fears of a hard Brexit recede.


Brexit Briefing: Sterling Holds Its Ground as Soft Brexit Hopes Rise

Global Equity Markets Higher Ahead of FOMC Meeting

European markets are moving steadily higher ahead of the Federal Reserve interest rate decision. No changes in U.S. monetary policy are expected.


Global Equity Markets Higher Ahead of FOMC Meeting

EUR/USD Risks Near-Term Pullback on Hawkish FOMC Statement

The FOMC policy statement may boost the appeal of the U.S. dollar should the central bank show a greater willingness to wind down the balance sheet in 2017.


EUR/USD Risks Near-Term Pullback on Hawkish FOMC Statement

U.S. Dollar Pain Trade Runs into FOMC, GDP: Is the Bottom Near?

The U.S. Dollar has moved down by as much as 9.8% so far in 2017. With a rather heavy outlay of drivers for the remainder of this week, the potential exists for a return of the bulls.


U.S. Dollar Pain Trade Runs into FOMC, GDP: Is the Bottom Near?

Technical Outlook for USD, Cross-rates, Gold Price & More

In this webinar, we talked a little pre-FOMC but mainly focused on the technical posturing of the US dollar, cross-rates, gold, crude oil, and equity indices.


Technical Outlook for USD, Cross-rates, Gold Price & More

Gold Prices Fall Through Confluent Support Ahead of FOMC

Gold prices built-in to a relatively clean bullish trend-channel over the past couple of weeks. But with support unable to hold at a key zone, the bearish move may be on the way back in Gold.


Gold Prices Fall Through Confluent Support Ahead of FOMC

EURUSD Options-Implied Range Heading into FOMC

Euro one-day implied volatility not suggesting big price swings today, room for surprise; one-week relatively low and suggests muted short-term range.


EURUSD Options-Implied Range Heading into FOMC

Preview for July FOMC Decision & Outlook for USD-pairs, JPY-crosses

The week truly begins for the US Dollar today, even though the Federal Reserve is not expected to move on rates.


Preview for July FOMC Decision & Outlook for USD-pairs, JPY-crosses

Copper Price Surges to Two-Year High On Booming Chinese Economy

The price of copper is forging ahead as economic growth in China continues to outstrip forecasts.


Copper Price Surges to Two-Year High On Booming Chinese Economy

FTSE 100 Indecisive in Short-term, Long-term Trend Still Clear

The footsie has been especially choppy as of late and light summer trading conditions aren't helping, but don't lose sight of the still intact big-picture uptrend.


FTSE 100 Indecisive in Short-term, Long-term Trend Still Clear

Webinar: GBP Traders Looking For Positive UK GDP News

UK growth fell sharply in the first-quarter – how will the second-quarter GDP release look as Brexit talks begin to ramp up?


Webinar: GBP Traders Looking For Positive UK GDP News

UK Economic Growth Slows, British Pound Falls

UK economic growth slowed year/year in the second quarter of 2017, making a rate increase less likely and weakening the British Pound.


UK Economic Growth Slows, British Pound Falls

US Dollar May Struggle to Capitalize on Confident FOMC Stance

The US Dollar may struggle to capitalize even as the Federal Reserve signals confidence in its policy outlook despite recent setbacks on the inflation front.


US Dollar May Struggle to Capitalize on Confident FOMC Stance

Crude Oil Prices Eye EIA Data, Gold Drops as Fed Decision Nears

Crude oil prices will weigh potentially conflicting EIA reports to set direction. Gold prices may fall further if the Federal Reserve rekindles rate hike speculation.


Crude Oil Prices Eye EIA Data, Gold Drops as Fed Decision Nears

Aussie Dollar Falls on Soft CPI, RBA Governor Lowe to Speak

The Australian Dollar took a hit against its major peers after worse-than-expected headline CPI readings crossed the wires ahead of a key speech from RBA Governor Philip Lowe.


Aussie Dollar Falls on Soft CPI, RBA Governor Lowe to Speak

FOMC Strategy Means Nuanced Event, Skewed Dollar and SPX Scenarios

This month’s FOMC rate decision does not carry the full suite of speculative points of contention that June's meeting did.


FOMC Strategy Means Nuanced Event, Skewed Dollar and SPX Scenarios

Video: Dollar Extended Before Fed, Bitcoin and Oil Forge Breaks

There was a sense of nervous anxiety in the markets this past session as speculative interests were turned forward to the upcoming sessions' high level event risk.


Video: Dollar Extended Before Fed, Bitcoin and Oil Forge Breaks

NZ Dollar Gains on Upbeat Trade Data But Rally Quickly Fizzles

The New Zealand Dollar was quick to erase some of its immediate gains on an upbeat trade balance report that likely failed to alter near-term RBNZ policy bets.


NZ Dollar Gains on Upbeat Trade Data But Rally Quickly Fizzles

EUR/USD Meets 2015 High, Crude Oil Tests Resistance Off Higher Low

EUR/USD found the 2015 high early in the session, before the USD firmed up on US healthcare vote. USD/JPY rose on higher US Yields and Crude Oil trades into resistance.


EUR/USD Meets 2015 High, Crude Oil Tests Resistance Off Higher Low

Rising Australia Consumer Price Index (CPI) to Buoy AUD/USD Outlook

A fourth consecutive rise in Australia’s Consumer Price Index (CPI) may spark a bullish reaction in AUD/USD as it puts pressure on the RBA to remove the record-low rate.


Rising Australia Consumer Price Index (CPI) to Buoy AUD/USD Outlook

Pre-FOMC Price Action Setups (7.25.2017)

Here Comes the Fed: Realistically, tomorrow should be fairly tame. But the US data prints on Thursday and Friday, however, could be much more telling to near-term price action for the U.S. Dollar.


Pre-FOMC Price Action Setups (7.25.2017)

Cryptocurrency Analysis: Bitcoin, Ethereum Prices Plunge into Support

Cryptocurrencies are under pressure with Bitcoin & Ethereum prices testing key near-term support targets. Here are the updated targets & invalidation levels that matter.


Cryptocurrency Analysis: Bitcoin, Ethereum Prices Plunge into Support

EUR/USD Rises to Fresh Multi-Year Highs

There’s a positive air to European markets today, rebounding from 3 days of losses.


EUR/USD Rises to Fresh Multi-Year Highs

Brexit Briefing: Why Sterling Traders Should Peer Through GDP Gloom

UK second-quarter economic growth data tomorrow will likely show that Brexit clouds are still hanging over the country. But British Pound traders should look through the mist.


Brexit Briefing: Why Sterling Traders Should Peer Through GDP Gloom

Shift in Euro Behavior to Persist as ECB Officials Drop Dovish Tone

The shift in EUR/USD behavior may persist throughout the second-half of 2017-highs as European Central Bank (ECB) officials drop the dovish outlook for monetary policy.


Shift in Euro Behavior to Persist as ECB Officials Drop Dovish Tone

FOMC on Deck, but What Can Resuscitate a Moribund U.S. Dollar?

The Dollar has had a difficult 2017 thus far, and the Federal Reserve's rate decision tomorrow is unlikly to bring any lasting strength. But what can help to reverse a heavily-oversold market in DXY?


FOMC on Deck, but What Can Resuscitate a Moribund U.S. Dollar?

USDMXN Rallying Towards Sell Zone, Pending Price Action for Entry

The US dollar is bouncing against the Mexican Peso, but could soon run into trouble and resume lower towards targeted support zone.


USDMXN Rallying Towards Sell Zone, Pending Price Action for Entry

USD Steady Ahead of FOMC Tomorrow; AUD/JPY, CAD/JPY Longs Primed

If USD/JPY stabilizes and US yields move back up, Gold probably won't rally more; look to AUD/JPY and CAD/JPY for opportunities.


USD Steady Ahead of FOMC Tomorrow; AUD/JPY, CAD/JPY Longs Primed

GBP: CBI Positive on UK Manufacturing, Sterling Flat Ahead of GDP

UK manufacturing output is the highest since the mid-1990s according to the latest CBI Quarterly Trends survey.


GBP: CBI Positive on UK Manufacturing, Sterling Flat Ahead of GDP

Trading Outlook for Gold Price, Crude Oil & Equity Indices

In this webinar, we focused on where the bounce in gold and oil may come to an end and the landscape for several global indices.


Trading Outlook for Gold Price, Crude Oil & Equity Indices

Cryptocurrency News: LedgerX to Offer Digital Currency Derivatives

A New-York based SEF will offer customers the ability to trade a wide range of bitcoin derivatives and specialized cryptocurrency swaps, all under US regulatory approval.


Cryptocurrency News: LedgerX to Offer Digital Currency Derivatives

Silver Price Bounce Nearly Finished?

Silver remains in bounce-mode, and on that we're watching for signs of it turning lower; don't worry about what the US dollar is doing.


Silver Price Bounce Nearly Finished?

Aussie Dollar May Turn on Shift in RBA vs Fed Outlook

The Australian Dollar may turn lower as the RBA labors to beat back rate hike speculation while the Fed appears less dovish than the markets are expecting.


Aussie Dollar May Turn on Shift in RBA vs Fed Outlook

Will the Euro Continue to Ignore Soft Data? German IFO on Tap.

The Euro has proven resilient in the face of disappointing economic data. It’s ability to hold up will be tested again as Germany’s IFO business confidence survey crosses the wires.


Will the Euro Continue to Ignore Soft Data? German IFO on Tap.

Top Down Trading to Determine What Will Most Move Markets

Top down filtering is a reasonable way of whittling down a surplus of options to setups that are more likely to play out in surrounding conditions.


Top Down Trading to Determine What Will Most Move Markets

Gold Prices Shrug Off Upbeat US Data with FOMC in Focus

Gold prices shrugged off upbeat US PMI data, holding near a one-month high, as markets await the outcome of the FOMC monetary policy announcement.


Gold Prices Shrug Off Upbeat US Data with FOMC in Focus

Dollar Pauses Despite IMF Downgrade, SPX Steady Afterhours on Google Beat

The opening session of this trading week was no slouch for meaningful event risk. A theme emerged in a global context around economic growth.


Dollar Pauses Despite IMF Downgrade, SPX Steady Afterhours on Google Beat

Google Parent Alphabet Beats Q2 Earnings Estimates Despite EU Fine

Alphabet Inc – parent of tech giant Google – handily beat top and bottom line estimates today when they announced the financial results for the quarter ended June 30, 2017.


Google Parent Alphabet Beats Q2 Earnings Estimates Despite EU Fine

USD Drop Spurred by Institutional Positioning, OPEC Lifts Crude Oil

The US Dollar’s hope may lie in either a surprisingly hawkish Fed, or a market realized they sold too much too fast, the latter looking the most likely.


USD Drop Spurred by Institutional Positioning, OPEC Lifts Crude Oil

How Much Further can S&P 500 Go?

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise.


How Much Further can S&P 500 Go?

Australian Dollar – Next Move is Key

Recent changes in sentiment warn that the current AUDUSD price trend may soon reverse lower despite the fact traders remain net-short.


Australian Dollar – Next Move is Key

Gold Price Shows Clear Risk of Sustained Turnaround

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


Gold Price Shows Clear Risk of Sustained Turnaround

US Dollar Remains a Sell versus Japanese Yen

US Dollar Remains a Sell versus Japanese Yen

British Pound at Risk of Turnaround versus US Dollar

Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse lower despite the fact traders remain net-short.


British Pound at Risk of Turnaround versus US Dollar

Euro Forecast to Gain Further Until this Changes

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise.


Euro Forecast to Gain Further Until this Changes

Gold Prices Advance in the Middle of Triangle Pattern

The higher probability Elliott Wave models suggest the up trend that began December 2016 is incomplete. We are looking to buy when the current triangle pattern completes.


Gold Prices Advance in the Middle of Triangle Pattern

EUR/JPY: Continuation or Correction- Range Break to Offer Opportunity

Price is in consolidation just below technical resistance heading into the close of the month. Here are the updated targets & invalidation levels that matter.


EUR/JPY: Continuation or Correction- Range Break to Offer Opportunity

EUR/USD, GBP/USD, and Gold Prices Advance Impulsively

EUR/USD, GBP/USD, and gold prices are in the midst of impulsive advances. This suggests higher prices may continue for them.


EUR/USD, GBP/USD, and Gold Prices Advance Impulsively

Webinar: FX Week Ahead: Attention Turns to UK & US GDP, FOMC Decision

In the FX Week Ahead webinar, we review the top rated events on the DailyFX Economic Calendar and look at how they might impact FX markets.


Webinar: FX Week Ahead: Attention Turns to UK & US GDP, FOMC Decision

US Dollar Doldrums Takes DXY to Levels from Brexit Day

The markets await the Fed, but now the best thing going for the USD may be that traders think too little of it.


US Dollar Doldrums Takes DXY to Levels from Brexit Day

USD/CAD Price Analysis: CAD Breaks To 14-Month High Ahead Of Fed

The Canadian Dollar remains a juggernaut of G10FX as the market anticipates the BoC to push forward and the Fed to fall back due to economic data.


USD/CAD Price Analysis: CAD Breaks To 14-Month High Ahead Of Fed

Slowing U.K. GDP to Undermine GBP/USD Rebound

The 2Q U.K. Gross Domestic Product (GDP) report may undermine the rebound in GBP/USD as the growth rate is expected to slow to an annualized 1.7%.


Slowing U.K. GDP to Undermine GBP/USD Rebound

European Equities Turn Lower after Euro-Zone PMIs

Most European markets are in the red this Monday afternoon after the latest PMI readings show euro area grows but at the slowest pace in six months.


European Equities Turn Lower after Euro-Zone PMIs

Gold Prices Extend Gains as USD Plunges- All Eyes on FOMC

Prices posted the largest weekly rally since May with the advance now eyeing slope resistance. Here are the updated targets & invalidation levels that matter next week.


Gold Prices Extend Gains as USD Plunges- All Eyes on FOMC

Webinar: Markets at Risk for Trend Exhaustion Ahead of FOMC, U.S. GDP

Webinar highlighting featured setups we’re tracking into the weekly open. Here are the updated targets & invalidation levels that matter.


Webinar: Markets at Risk for Trend Exhaustion Ahead of FOMC, U.S. GDP

Cryptocurrency News: Central Bank Testing; BTC Chart Breakout Eyed

Blockchain acceptance continues to grow with central banks and exchanges looking deeper into the technology and its various applications.


Cryptocurrency News: Central Bank Testing; BTC Chart Breakout Eyed

Brexit Briefing: US/UK Trade Talks In Focus

The British Pound is climbing as a possible transition period after Brexit becomes more likely and work begins on a post-Brexit US/UK trade deal.


Brexit Briefing: US/UK Trade Talks In Focus

Euro, Sterling and the U.S. Dollar: Top Three Price Action Themes for This Week

The Fed has been quiet of recent, but on Wednesday we get the bank's July rate decision. But it's the other items on the calendar that may elicit more interest as they may offer a better 'tell' towards near-term U.S. economic performance.


Euro, Sterling and the U.S. Dollar: Top Three Price Action Themes for This Week

NZDUSD Options Derived Support and Price in Confluence

Kiwi is strong and trading above a key zone of support which is in confluence with a short-term options-derived level.


NZDUSD Options Derived Support and Price in Confluence

FX Markets Turn to UK & US GDP Data, FOMC Rate Decision

The last full week of July promises event-driven volatility with several key data releases due in the days ahead.


FX Markets Turn to UK & US GDP Data, FOMC Rate Decision

Webinar: Market Sentiment and What It’s Pointing to For Prices

In this webinar, DailyFX Analyst and Editor Martin Essex discusses the most important events and themes that are driving market sentiment and will drive it in the days ahead.


Webinar: Market Sentiment and What It’s Pointing to For Prices

COT: Euro Large Specs Long & Strong, CAD Traders Flip Long, Silver Selling Continues

Euro large speculators add to longs again, CAD traders flip long after recording record short not long ago, while silver net long works towards flat.


COT: Euro Large Specs Long & Strong, CAD Traders Flip Long, Silver Selling Continues

Euro Drops as Euro-Zone PMIs Miss Expectations, Trend Intact

EURUSD fell back in early European trading Monday as the purchasing managers’ indexes for the Euro-Zone in July came in lower than predicted.


Euro Drops as Euro-Zone PMIs Miss Expectations, Trend Intact

DAX Trading Towards Gap-fill, Break of H&S Neckline

The sell-off on Friday pushed the German index into the April gap, and is on the verge of gaining momentum from a broad topping formation..


DAX Trading Towards Gap-fill, Break of H&S Neckline

Euro, US Dollar Trends Nearing a Turning Point?

The Euro and the US Dollar may be approaching a turning point as incoming news-flow challenges expectations of a dovish Fed and hawkish ECB.


Euro, US Dollar Trends Nearing a Turning Point?

Euro Resilience to be Tested by PMI Data, ECB Commentary

The Euro has managed to defy soft data flow and a dovish ECB in recent trade. PMI statistics and comments from the central bank’s Frank Smets will now test its resilience.


Euro Resilience to be Tested by PMI Data, ECB Commentary

Crude Oil Prices May Fall Absent Hopes for Deeper Output Cuts

Crude oil prices may fall further if OPEC-led producers offer no hope for deeper output cuts on the horizon after a meeting in St. Petersburg, Russia.


Crude Oil Prices May Fall Absent Hopes for Deeper Output Cuts

Yen Shrugs Off Manufacturing PMI, BOJ Remains Expansionary

The Japanese Yen was steady against its major counterparts as July’s manufacturing purchasing managers’ index showed its lowest reading since November 2016.


Yen Shrugs Off Manufacturing PMI, BOJ Remains Expansionary

US Dollar Turns to FOMC Rate Decision, Q2’17 US GDP to Stop the Bleeding

The US Dollar (via DXY Index) finds itself back at fresh yearly lows, but two major events over the coming days – the FOMC rate decision and the US GDP report – could finally offer the greenback a chance to slow its descent and stabilize.


US Dollar Turns to FOMC Rate Decision, Q2’17 US GDP to Stop the Bleeding

Weekly Trading Forecast: Are Markets Underestimating Fed Resolve?

Financial markets have been defined by fading Fed rate hike bets in recent weeks. An FOMC rate decision and second-quarter US GDP data now threaten that narrative.


Weekly Trading Forecast: Are Markets Underestimating Fed Resolve?

Gold Prices Extend Gains as USD Plunges- All Eyes on FOMC

Prices posted the largest weekly rally since May with the advance now eyeing slope resistance. Here are the updated targets & invalidation levels that matter next week.


Gold Prices Extend Gains as USD Plunges- All Eyes on FOMC

WTI Crude Weekly Gain Slips As Supply Concern And OPEC Doubts Rise

Crude Oil is pushing away from price resistance as the market anticipates the OPEC review in St. Petersburg will not lead to further supply cuts.


WTI Crude Weekly Gain Slips As Supply Concern And OPEC Doubts Rise

Fed Rattle or Help the S&P 500?; DAX in Danger, Nikkei Coiling

This coming week market eyes will be on the FOMC; the DAX looking to follow-through on post-ECB downdraft, while the Nikkei searches for direction.


Fed Rattle or Help the S&P 500?; DAX in Danger, Nikkei Coiling

To Retrace or to Advance, That is a Question around the Yuan

Looking forward, Chinese regulators’ guidance, July FOMC decision, as well as U.S. data prints are more likely to add mixed moves into the pair; both retracement and breakout are possible for the pair next week.


To Retrace or to Advance, That is a Question around the Yuan

S&P Changes Greece’s Outlook to Positive, Keeps Junk Credit Rating

Global credit rating agency Standard & Poor’s kept Greece’s rating at B- (‘junk’) but revised its outlook to ‘positive’ from ‘stable’ boosting chances of it rising in the near-term.


S&P Changes Greece’s Outlook to Positive, Keeps Junk Credit Rating

The Differences Between Trading EUR/USD, the Yuan, VIX and Bitcoin

There is no one-size-fits-all trading strategy much to the chagrin of those looking to streamline their navigation into different markets.


The Differences Between Trading EUR/USD, the Yuan, VIX and Bitcoin

NZD/USD Surges to Fresh Highs But Caution Advised

NZD/USD broke to upside this week and returned to levels last seen in September 2016 on Fin Min comments


NZD/USD Surges to Fresh Highs But Caution Advised

Canadian Dollar: Don’t Fight The Trend

The Canadian Dollar has been strengthening against its US cousin since early May and that trend will most likely continue as long as further interest rate hikes remain probable.


Canadian Dollar: Don’t Fight The Trend

Australian Dollar on Watch for RBA Interventions After Debelle

The Australian Dollar market can look forward to a US monetary policy call and official local consumer price data, but the RBA may now be a more obvious focus than either.


Australian Dollar on Watch for RBA Interventions After Debelle

USD/JPY Eyes June-Low Ahead of FOMC Meeting, 2Q U.S. GDP Report

The Japanese Yen may continue to appreciate against its U.S. counterpart next week should the Federal Open Market Committee (FOMC) soften its hawkish outlook for monetary policy.


USD/JPY Eyes June-Low Ahead of FOMC Meeting, 2Q U.S. GDP Report

British Pound Falls as Inflation Disappoints, but Will GDP Revive the Trend?

The British Pound came into this week with legitimate prospects for bullish continuation. But with inflation printing below expectations, that bullish move may be on pause for the foreseeable future.


British Pound Falls as Inflation Disappoints, but Will GDP Revive the Trend?

Can the Euro Continue to Defy a Dovish ECB and Soft Data Flow?

The Euro faces a telltale period ahead as the bulls’ defiance of a dovish ECB is tested with the passage of top-tier economic data and official commentary.


Can the Euro Continue to Defy a Dovish ECB and Soft Data Flow?

Dollar Will Determine a EUR/USD Break or Hold with FOMC, GDP

On the one hand, we continued to see a slow melt up from the likes of the S&P 500 and other US equity indexes while the VIX volatility index rooted itself below 10.


Dollar Will Determine a EUR/USD Break or Hold with FOMC, GDP

EURUSD Stretching into Resistance, Dampening Rosy Outlook

The euro is extending into sizable resistance levels, heightening risk for longs, but nothing for shorts to lean on yet; FOMC on Wednesday the big event of the week.


EURUSD Stretching into Resistance, Dampening Rosy Outlook

US Dollar To 13-Month Low, Oil Price Suffers on Rising OPEC Supply

Euro’s gain is USD’s pain as the Dollar trades at a 13-month low. AUD also weakened on RBA comments and the Oil slide continues.


US Dollar To 13-Month Low, Oil Price Suffers on Rising OPEC Supply

post ECB, BoJ Price Action Setups

The European Central Bank walked into fireworks at this month's rate decision. Even as ECB President Mario Draghi attempts to retain a dovish posture, markets are continuing to attempt to front-run what feels like an inevitable stimulus exit from the European Central Bank.


post ECB, BoJ Price Action Setups

GBP/USD Technical Analysis: Back to 1.3000, Now What?

The British Pound was showing bullish tendencies as we came into this week, but after a disappoitning inflation print, GBP/USD has fallen back-below the 1.3000 level. Might this be a prelude for a return of bearish price action?


GBP/USD Technical Analysis: Back to 1.3000, Now What?

Euro Surge Continues; Bitcoin Back Near Record Highs

This week’s DailyFX European preview looks into how the raft of European data will impact the markets.


Euro Surge Continues; Bitcoin Back Near Record Highs

Foundations of Technical Analysis- Trendlines & Slope Analysis

Review how to use slope-lines and simple multi-timeframe analysis to construct a basic trade setup in the first installment of this new bi-weekly webinar series.


Foundations of Technical Analysis- Trendlines & Slope Analysis

USD/JPY Unfazed by BoJ, Weakness to Persist on Less-Hawkish FOMC

The near-term outlook for USD/JPY appears to be unfazed by the dovish comments coming out of the BoJ as the pair slowly works its way towards the June-low (108.80).


USD/JPY Unfazed by BoJ, Weakness to Persist on Less-Hawkish FOMC

U.S. Dollar Sets Fresh One-Year Low: FOMC on Deck for Next Week

The pain trade in the Greenback continues. The U.S. Dollar has moved-down to fresh one-year lows in this morning's trade. While FOMC is on deck for next week, more pertinent will likely be the litany of U.S. data prints on the calendar.


U.S. Dollar Sets Fresh One-Year Low: FOMC on Deck for Next Week

Bullish Euro Behavior to Persist Amid Bets for QE Program Adjustment

The post-ECB rally in EUR/USD suggests the shift in market behavior will continue to unfold in the second-half of 2017 with the QE program set to expire in December.


Bullish Euro Behavior to Persist Amid Bets for QE Program Adjustment

Trading Outlook: DXY, JPY-Crosses, Crude Oil & More

In this webinar, we discussed the USD outlook, JPY set-ups, precious metals, crude oil at resistance, and equity indices.


Trading Outlook: DXY, JPY-Crosses, Crude Oil & More

Silver Price Action Yet to Confirm End of Bounce, but Could Come Soon

Silver continues to rally in corrective fashion within a broader downtrend; waiting for price action to validate resistance levels before turning bearish again.


Silver Price Action Yet to Confirm End of Bounce, but Could Come Soon

USD at New Lows as EUR Hits 2-year High; CAD in Spotlight

Euro strength continues despite move lower in core European yields - a rare disconnect between bonds and FX.


USD at New Lows as EUR Hits 2-year High; CAD in Spotlight

Cryptocurrency News: Bitcoin Price Eyes New Highs on BIP 91 Resolution

As bitcoin miners vote to upgrade the digital backbone, the cryptocurrency primes itself for a new push at record highs.


Cryptocurrency News: Bitcoin Price Eyes New Highs on BIP 91 Resolution

EUR/USD Price Trades At 23-Month Highs, Dollar Drop Accelerates

The Dollar is beginning to witness a comedy of errors where even a dovish ECB & BoJ gave the traders no reason to bid up USD. Trump investigation adds to inflation fears.


EUR/USD Price Trades At 23-Month Highs, Dollar Drop Accelerates

EUR/GBP Technical Analysis: Early Topping Signs Show Up

A Euro has advanced to the highest level in nearly nine months against the British Pound but negative RSI divergence warns of ebbing upside momentum.


EUR/GBP Technical Analysis: Early Topping Signs Show Up

EUR Slips as ECB Forecasters Downgrade Inflation Expectations

EUR/USD nudges lower after ECB professional forecasters up the Euro-Zone’s growth prospects but revise inflation expectations lower.


EUR Slips as ECB Forecasters Downgrade Inflation Expectations

DAX Takes a Hit on Euro Strength, Broader Outlook Remains in Limbo

The DAX sold off sharply yesterday thanks to a surging euro, but broader price pattern still no closer to a resolution.


DAX Takes a Hit on Euro Strength, Broader Outlook Remains in Limbo

EUR/USD Technical Analysis: Eyeing Resistance Above 1.17 Mark

The Euro looks set to continue its upward march after prices powered through resistance liming the upside against the US Dollar since early May 2016.


EUR/USD Technical Analysis: Eyeing Resistance Above 1.17 Mark

Post-BoC Canadian Dollar Rally Vulnerable to Softening CPI

Another slowdown in Canada’s CPI may tame the sharp depreciation in USD/CAD as it encourages the BoC to adopt a more gradually path in normalizing monetary policy.


Post-BoC Canadian Dollar Rally Vulnerable to Softening CPI

NZD/USD Technical Analysis: 10-Month Resistance Under Fire

The New Zealand Dollar continues to gain ground on its US cousin, with prices now poised to challenge resistance that has capped gains since September 2016.


NZD/USD Technical Analysis: 10-Month Resistance Under Fire

Asian Markets Mixed On Wall St. Lead, Currencies Active

Asian stocks lacked an overall theme for investors to chew but currencies more than made up for any lack of action. The Australian and New Zealand Dollars were in focus


Asian Markets Mixed On Wall St. Lead, Currencies Active

NZ Dollar Revels in Fading Fed Rate Hike Bets as Aussie Sinks

The New Zealand Dollar enjoyed support from yield-seeking capital flows as Fed rate hike bets, outpacing an Aussie beat down by dovish RBA commentary.


NZ Dollar Revels in Fading Fed Rate Hike Bets as Aussie Sinks

EUR/USD Stretches 2.5 Year High Despite Reserved ECB, Bitcoin Surges

This past session, traders weighed in on the policies of the two most dovish major central banks. Both kept their commitment to easy policy, but the reaction from the markets to each was very different.


EUR/USD Stretches 2.5 Year High Despite Reserved ECB, Bitcoin Surges

Australian Dollar Whacked as RBA’s Debelle Cools Rate Hike Hopes

The Australian Dollar swooned as Reserve Bank of Australia Deputy Governor Debelle pushed back against those who think local interest rates could rise anytime soon.


Australian Dollar Whacked as RBA’s Debelle Cools Rate Hike Hopes

AUD/USD Catches Highest Price in 2 Years; What’s Next?

Now that AUDUSD has broken to new highs, one Elliott Wave model counts the advance as being complete and at risk of a sell off.


AUD/USD Catches Highest Price in 2 Years; What’s Next?

Japanese Yen Technical Analysis: Watch Where USD/JPY Bounces

The Japanese Yen is grinding the US Dollar down with yet another lower USD/JPY high complete. The Aussie is better set against the Japanese currency, but could use a rest.


Japanese Yen Technical Analysis: Watch Where USD/JPY Bounces

Gold Prices Enjoy Boost From ECB, Look On To FOMC Outcome

Gold prices enjoyed a boost from the ECB monetary policy announcement. The markets now set their sights on next week’s meeting of the Fed's FOMC rate-setting committee.


Gold Prices Enjoy Boost From ECB, Look On To FOMC Outcome

Brexit Briefing: GBPUSD Below 1.30 As Talks End With Little Progress

The second round of Brexit talks between the EU and the UK have ended with little progress having been made, helping weaken GBPUSD.


Brexit Briefing: GBPUSD Below 1.30 As Talks End With Little Progress

EUR/USD Rallies as ECB Hints at QE Program Adjustment in Autumn

The shift in EUR/USD behavior may continue to unfold over the coming months as the Governing Council hints at a possible adjustment for the QE program.


EUR/USD Rallies as ECB Hints at QE Program Adjustment in Autumn

ECB’s Draghi Issues Concern Over Inflation, Euro Rallies Anyway

The European Central Bank has left its interest rates on hold and maintained its current pace of bond purchases. ECB President Mario Draghi was rather vague in his rhetoric – with no "specific" developments but that there is still much "uncertainty" about the eurozone's future.


ECB’s Draghi Issues Concern Over Inflation, Euro Rallies Anyway

Cryptocurrency News: Bitcoin Price Jump, Ether Fraud Fears

As fears of a Bitcoin split continue to pass, investors are jumping back into the digital currency with renewed vigour.


Cryptocurrency News: Bitcoin Price Jump, Ether Fraud Fears

Euro Rips on Dovish Draghi; Yen Slips After BoJ

Two major Central Banks have brought dovish outlooks to markets over the past 12 hours. One appeared to 'work', while the other has not.


Euro Rips on Dovish Draghi; Yen Slips After BoJ

Becoming a Better Trader: Q&A Session

In this webinar, we discussed numerous aspects to successful trading from psychology to risk management to analysis and more...


Becoming a Better Trader: Q&A Session

ECB Leaves Monetary Policy Unchanged, Draghi Up Next

The European Central Bank left all its policy settings unchanged Thursday ahead of a press conference by ECB President Mario Draghi that will be monitored closely for any signals that stimulus could be reduced.


ECB Leaves Monetary Policy Unchanged, Draghi Up Next

S&P 500 Technical Outlook: Dip-buyers Left Waiting

The S&P continues to trade at new record levels without much of a pullback is making it difficult for new long entries; careful positioning required.


S&P 500 Technical Outlook: Dip-buyers Left Waiting

Preview for ECB Rate Decision and Outlook for EUR-crosses

With the ECB set to keep rates unchanged traders should be focusing on President Mario Draghi’s press conference for clues as to what the central bank will do next.


Preview for ECB Rate Decision and Outlook for EUR-crosses

UK Retail Sales Rebound, Pound Steadies

UK retail sales recovered strongly in June after May’s drop, strengthening the hands of those policymakers wanting to see monetary policy tightened; in response, the Pound strengthened.


UK Retail Sales Rebound, Pound Steadies

Euro at Risk as the ECB Disappoints Stimulus Withdrawal Hopes

The Euro may turn lower as the European Central Bank maintains a dovish posture, disappointing hopes for a signal that the dialing down of stimulus is imminent.


Euro at Risk as the ECB Disappoints Stimulus Withdrawal Hopes

FTSE 100 Trying to Break Yet Another Range and Trade in Open Space

The footsie has been a difficult market the past three weeks, spending most of the time trading in two ranges; that could soon change with a push above key lines of resistance.


FTSE 100 Trying to Break Yet Another Range and Trade in Open Space

Asian Stocks Rise Broadly, BoJ Stands Pat. ECB In Focus

Asian stocks rose as investors looked to US corporate earnings strength and the Bank of Japan, which left policy alone while pushing down its inflation forecasts again


Asian Stocks Rise Broadly, BoJ Stands Pat. ECB In Focus

Nikkei 225 Technical Analysis: Little Sign Of Altitude Sickness

The Nikkei 225 looks relaxed at what has previously been a rarified atmosphere above the 20,000 level. Can this continue? Well yes, but it would be nice to see a push higher.


Nikkei 225 Technical Analysis: Little Sign Of Altitude Sickness

ECB Preview: EUR/USD Rally to Unravel on Wait-and-See Approach

The ECB rate decision may initially trigger a bearish reaction in EUR/USD should President Mario Draghi and Co. endorse a wait-and-see approach for monetary policy.


ECB Preview: EUR/USD Rally to Unravel on Wait-and-See Approach

Video: ECB and BoJ Decisions More Than Euro and Yen Events

The Fed has drawn much of the attention when it comes to global monetary policy. The four quarter-percent rate hikes and recent announced plans for the slow wind down of its massive balance sheet make for a drastically different bearing to the norm.


Video: ECB and BoJ Decisions More Than Euro and Yen Events

Japanese Yen Weakens as BOJ Holds, Lowers CPI Forecasts Again

The Japanese Yen was lower against the US Dollar following the Bank of Japan’ policy decision. The central bank stood pat, but lowered its inflation forecasts once more.


Japanese Yen Weakens as BOJ Holds, Lowers CPI Forecasts Again

Australian Dollar Rallies as Full-Time Jobs Growth Shines Again

The Australian Dollar gained against its major counterparts after additions to the full-time employment sector outweighed losses on the part-time side of the equation.


Australian Dollar Rallies as Full-Time Jobs Growth Shines Again

Crude Oil Prices Rise on Inventory Drop, Gold Eyes BOJ and ECB

Crude oil prices surged after US inventories fell much more than expected. Gold prices are looking to rate decisions from the BOJ and the ECB for direction cues.


Crude Oil Prices Rise on Inventory Drop, Gold Eyes BOJ and ECB

Dollar Stems the Bleeding but ECB Has Power for EUR/USD Trend

The Dollar has faced some damning technical breaks recently, but that has yet to escalate into a full scale and self-sustaining tumble.


Dollar Stems the Bleeding but ECB Has Power for EUR/USD Trend

Japanese Yen Steady as Trade Balance Misses, BoJ in Focus

A Japanese Yen focused on the BOJ rate decision shrugged off news that June’s trade balance missed expectations. An import surge caused the miss, but exports held up strongly.


Japanese Yen Steady as Trade Balance Misses, BoJ in Focus

Forex Trading and the Necessity of Risk Management

While a considerable portion of most traders' attention is focused squarely on market analysis, lacking the framework with which to properly employ that analysis can make even the strongest methods worthless. In this article, we look at risk management and how important it is for the trader.


Forex Trading and the Necessity of Risk Management

ECB May Gift Bulls A EUR/USD Opportunity, Oil Price Supported On Draw

Traders remain in anticipation of the next 24-hours, which will bring the ECB, BoJ, AU employment and UK sales. Here are potential trades that could surface.


ECB May Gift Bulls A EUR/USD Opportunity, Oil Price Supported On Draw

Upbeat Australia Employment Report to Fuel Shift in AUD/USD Behavior

A further expansion in Australia Employment may generate fresh 2017-highs in AUD/USD as it puts pressure on the RBA to lift the official cash rate off of the record-low.


Upbeat Australia Employment Report to Fuel Shift in AUD/USD Behavior

ECB Preview- EUR/USD Rally Faces Moment of Truth

A breach above multi-year trendline resistance has us looking for validation with the ECB on tap tomorrow. Here are the updated targets & invalidation levels that matter.


ECB Preview- EUR/USD Rally Faces Moment of Truth

USD/JPY Losses to Persist as U.S. Yields Remain Under Pressure

USD/JPY stands at risk for further losses as it extends the series of lower-highs from the previous week, while U.S. Treasury yields give back the rebound from June.


USD/JPY Losses to Persist as U.S. Yields Remain Under Pressure

GBP/USD Rejected at Resistance- Price Constructive Above 1.2890

Price reacted to resistance last week but continues to trade within a well-defined ascending formation. Here are the updated targets & invalidation levels that matter.


GBP/USD Rejected at Resistance- Price Constructive Above 1.2890

Equities Tread Water Ahead of ECB Rate Decision Tomorrow

European markets are mixed this Wednesday as there is little news to drive the bourses as investors look towards to ECB’s press conference on Thursday.


Equities Tread Water Ahead of ECB Rate Decision Tomorrow

Crude Oil Price Forecast: Bulls Have Reason To Cheer The EIA Report

Crude Oil is trading strong and toward resistance after the weekly EIA report showed lower shipments from Saudi, improved demand, and a large draw.


Crude Oil Price Forecast: Bulls Have Reason To Cheer The EIA Report

Cryptocurrency: Bitcoin Retains Gains as Hard Fork Fears Recede

Bitcoin stable, Ethereum soars as blockchain split looks increasingly unlikely.


Cryptocurrency: Bitcoin Retains Gains as Hard Fork Fears Recede

Will the ECB Attempt to ’Talk Down’ the Euro, and Will it Work?

The European Central Bank hosts a rate decision tomorrow, and if recent history is any guide, Mario Draghi will try to avoid eliciting additional strength in the Euro. But will this be enough to reverse the bullish 2017 trend in the single currency?


Will the ECB Attempt to ’Talk Down’ the Euro, and Will it Work?

Euro, Yen Volatility Due with BOJ, ECB Meetings Tomorrow

Elsewhere, the US Dollar remains under pressure, but with no 'high' rated events on the economic calendar, there are few if any catalysts for a reversal.


Euro, Yen Volatility Due with BOJ, ECB Meetings Tomorrow

GBPUSD Projected One-week Range-high at Greater Risk of Breaking Than Range-low

Cable is set up for higher prices despite weak inflation data yesterday; trend and support suggest the short-term implied range-high at greater risk of being exceeded than range-low.


GBPUSD Projected One-week Range-high at Greater Risk of Breaking Than Range-low

Trading Outlook for USD-pairs, Cross-rates, Gold Price & More

In this webinar, we focused on several USD-pairs, cross-rates, gold/silver, and a couple of equity indices.


Trading Outlook for USD-pairs, Cross-rates, Gold Price & More

Brexit Briefing: UK Questioning the EU’s Divorce Demands

The highly political EU Brexit ‘divorce bill’ is getting the forensic treatment from the UK.


Brexit Briefing: UK Questioning the EU’s Divorce Demands

DAX Rolling Over, but Will the Developing H&S Top Become a Reality?

The DAX turned lower from resistance the past few days, bringing a bearish topping formation closer into view; wait-and-see mode until confirmation.


DAX Rolling Over, but Will the Developing H&S Top Become a Reality?

AUD/USD Technical Analysis: 15-Month Resistance Broken. Now What?

The Australian Dollar soared past resistance capping gains since April 2016 against its US counterpart, hinting that a lasting trend reversal may be in progress.


AUD/USD Technical Analysis: 15-Month Resistance Broken. Now What?

Asian Markets Bounce Back On US Earnings, Aussie Banks Gain

Asian markets were in better from Wednesday, despite a still-weak US Dollar, as optimism around China’s economic growth and US corporate earnings brought out the bulls


Asian Markets Bounce Back On US Earnings, Aussie Banks Gain

Etherium Founder: Cryptocurrency ICOs May Invite Regulation

Cryptocurrencies have been in the spotlight for their extreme volatility but one of their creators thinks that regulation of “Initial Coin Offerings” is now a growing threat.


Etherium Founder: Cryptocurrency ICOs May Invite Regulation

Gold Prices Aim Higher as Fed Rate Hike Bets Continue to Wilt

Gold prices are aiming higher having breached another level of chart resistance as the prospects for another Fed rate hike in 2017 continue to wilt.


Gold Prices Aim Higher as Fed Rate Hike Bets Continue to Wilt

EUR/USD, AUD/USD, GBP/USD Trades Should Identify Driving Currency

When we see a move like the one EUR/USD produced this past session - a strong rally that fueled considerable speculation of important technical progress - there is an mechanical response to apply even attribution of responsibility.


EUR/USD, AUD/USD, GBP/USD Trades Should Identify Driving Currency

Australian Dollar Gains Stall After Leading Index Falters

The Australian Dollar initially ignored Westpac’s Leading Index but investors now seem to have looked behind the headline and seen some sinister gloom beneath.


Australian Dollar Gains Stall After Leading Index Falters

Video: Have EUR/USD and AUD/USD Forced Self-Sustaining Breakouts?

If there were any doubt that political concerns were still a market moving theme, this past session's volatility should put traders back on guard.


Video: Have EUR/USD and AUD/USD Forced Self-Sustaining Breakouts?

US Dollar Drowns As AUD/USD And EUR/USD Test Breakout Waters

DXY traded at the lowest levels since September, and there appears little reason for buyers to step in as RBA goes hawkish and the Fed's ability to hike with falling inflation is in doubt.


US Dollar Drowns As AUD/USD And EUR/USD Test Breakout Waters

UK’s Inflation Rate Dropped and The Pound Followed

GBP/USD drops with lower Inflation Rate


UK’s Inflation Rate Dropped and The Pound Followed

Dollar Disintegration: Price Action Setups (7.18.2017)

The U.S. Dollar's down-trend has continued as DXY fell-below the psychological level of 95.00. With a pivotal ECB meeting on the calendar for Thursday, we looked at price action setups across the FX-space.


Dollar Disintegration: Price Action Setups (7.18.2017)

AUD/JPY Rallies to Fresh Yearly Highs – Initial 2017 Targets in View

Price has broken above the yearly range highs ahead of key event risk later this week. Here are the updated targets & invalidation levels that matter.


AUD/JPY Rallies to Fresh Yearly Highs – Initial 2017 Targets in View

AUD/USD RSI Sits in Overbought Territory for First Time Since 2014

AUD/USD breaks the 2016 range, with the pair at risk for a further advance as the Reserve Bank of Australia (RBA) unveils fresh projections for the official cash rate.


AUD/USD RSI Sits in Overbought Territory for First Time Since 2014

USD Drops On Further Inflation Doubt As Trump Hope Wanes on Healthcare

The Dollar Index has intensified and broken lower on the Senate announcement that the Trump care vote would be dropped.


USD Drops On Further Inflation Doubt As Trump Hope Wanes on Healthcare

USD Drops On Further Inflation Doubt As Trump Hope Wanes on Healthcare

The Dollar Index has intensified and broken lower on the Senate announcement that the Trump care vote would be dropped.


USD Drops On Further Inflation Doubt As Trump Hope Wanes on Healthcare

Cryptocurrency: Sharp Rebounds Continue But Risks Remain

The cryptocurrency space is rallying back hard after the weekend’s heavy falls.


Cryptocurrency: Sharp Rebounds Continue But Risks Remain

Euro Break-Out, Pound Break-Down, and the Dollar Drops Again

EUR/USD appears to be getting a head start on the ECB rate decision scheduled for Thursday, as the pair is breaking-out to fresh 14-month highs beyond the 1.1500 psychological level.


Euro Break-Out, Pound Break-Down, and the Dollar Drops Again

Gold Prices Rally From Oversold into Bear Flag

Gold prices spent most of June selling-off, but after going into oversold conditions, buyers have taken over and prices have run-higher in a rather clean trend channel.


Gold Prices Rally From Oversold into Bear Flag

S&P 500 in Record Territory, but New Long Entries Need to Be Picked Wisely

The market broke to new record levels on Friday, but with overhead lines in the way traders need to tread cautiously with fresh longs.


S&P 500 in Record Territory, but New Long Entries Need to Be Picked Wisely

German Economic Sentiment Worsens by More Than Expected: ZEW

German investor morale worsened by more than expected in July, according to the country’s ZEW research institute. However, the outlook for economic growth remains positive, it argues.


German Economic Sentiment Worsens by More Than Expected: ZEW

Crude Oil Prices Down as OPEC Struggles to Offset US Supply Gain

Crude oil prices fell amid renewed oversupply worries as OPEC output cut compliance faltered while US production was predicted to hit an all-time high.


Crude Oil Prices Down as OPEC Struggles to Offset US Supply Gain

Webinar: UK Inflation Data Surprise to the Downside, Pound Tumbles

In this webinar, DailyFX Analyst and Editor Martin Essex looks at the UK inflation data before and after the news of a surprise decline in the headline rate to 2.6% in June.


Webinar: UK Inflation Data Surprise to the Downside, Pound Tumbles

GBP Falls After UK Inflation Comes in Below Expectations

UK inflation misses on the downside Tuesday as fuel prices fall.


GBP Falls After UK Inflation Comes in Below Expectations

Silver Price Weakness to Renew at Confluence of Resistance

Silver is currently trading at a technical crossroad which lends to good risk/reward for those looking for weakness to reassert towards long-term trend-line support.


Silver Price Weakness to Renew at Confluence of Resistance

US Dollar Drops as Trump Trade Fizzles, Yen Gains May Follow

The US Dollar sank as a failed attempt at healthcare reform poured cold water on the so-called “Trump trade”. Yen gains may follow as risk aversion sweeps financial markets.


US Dollar Drops as Trump Trade Fizzles, Yen Gains May Follow

Asian Markets Weaker, Healthcare Wrangling Unhealthy For USD

Asian stock markets were in the red as Tuesday wound down. The US Dollar did most of the damage, fading as political struggles over healthcare raise legislative doubts


Asian Markets Weaker, Healthcare Wrangling Unhealthy For USD

US Dollar Falls as Healthcare Reform Fails in the US Senate

The US Dollar fell alongside Treasury bond yields and S&P 500 stock index futures following news that healthcare reform legislation lacks the votes to pass in the US Senate.


US Dollar Falls as Healthcare Reform Fails in the US Senate

Seek Out and Position with Value, Especially for Short Term Trades

Speculative navigation of the market often means turning down the focus on time frame and shifting away from an emphasis on big picture fundamental themes.


Seek Out and Position with Value, Especially for Short Term Trades

Australian Dollar Keeps Gaining Despite RBA Minutes’ Worries

The Australian Dollar pushed higher even as the latest set of RBA policy meeting minutes showed it is keeping a close eye on its currency’s rise, as well as local housing and labor markets.


Australian Dollar Keeps Gaining Despite RBA Minutes’ Worries

Assessing Opportunity After SPX Rally, Dollar Tumble Doesn’t Bridge the Weekend

Despite the impressive technical progress forged to close this past week, there was little evidence that technical breakouts were readily transitioning into profitable follow through Monday


Assessing Opportunity After SPX Rally, Dollar Tumble Doesn’t Bridge the Weekend

New Zealand Dollar Falls as CPI Data Shows No Growth in Inflation

The New Zealand Dollar fell precipitously against all of its major counterparts as both the quarterly and yearly CPI measures missed analyst expectations.


New Zealand Dollar Falls as CPI Data Shows No Growth in Inflation

US Dollar Fate Not In US Hands As Data Focus Shifts To ECB And BoJ

While US Dollar did rebound in the session off 10-month lows, the focus will shift from disappointing US Data to the European Central Bank and Bank of Japan on Thursday.


US Dollar Fate Not In US Hands As Data Focus Shifts To ECB And BoJ

European Wrap China GDP and Brexit Discussions Offer Limited Market Lift

Eurozone inflation softens and Brexit talks resume in Brussels


European Wrap China GDP and Brexit Discussions Offer Limited Market Lift

NZD/USD Risks Further Losses on Softening New Zealand CPI

A marked slowdown in New Zealand’s Consumer Price Index (CPI) may spark a bearish reaction in NZD/USD as it encourages the RBNZ to keep the cash rate at the record-low.


NZD/USD Risks Further Losses on Softening New Zealand CPI

Near-term Setups in USD/JPY, EUR/GBP & NZD/USD

Here's an update on the setup's I’ll be tracking into the weekly open. Find a detailed, in-depth review of all these setups and more in this today’s Strategy Webinar.


Near-term Setups in USD/JPY, EUR/GBP & NZD/USD

USD/JPY June Rebound Unravels, Bearish RSI Trigger Takes Shape

USD/JPY may continue to give back rebound from the June-low (108.80) as market participants push back bets for the next Fed rate-hike.


USD/JPY June Rebound Unravels, Bearish RSI Trigger Takes Shape

Brexit Briefing: Pound Slips as Picture Sums up UK’s Vulnerability

They say a picture is worth a thousand words, and one of the UK’s Brexit negotiators sitting without papers opposite a well-primed EU team has prompted more talk that the country is ill-prepared for the discussions.


Brexit Briefing: Pound Slips as Picture Sums up UK’s Vulnerability

Strategy Webinar: Aussie Breakout Testing 2016 Highs- What Next?

Webinar highlighting featured setups we’re tracking into the weekly open. Here are the updated targets & invalidation levels that matter.


Strategy Webinar: Aussie Breakout Testing 2016 Highs- What Next?

Forex: Top Three Price Action Themes for This Week

The S&P 500 set another all-time-high on Friday, and the U.S. Dollar has driven down to another fresh ten-month low. But in a week with no high-impact U.S. drivers, what can traders look for to move FX markets this week?


Forex: Top Three Price Action Themes for This Week

FX Markets Turn to New Zealand, UK CPI and BOJ, ECB Meetings

Rate decisions from the Bank of Japan and European Central Bank draw most of the attention this week on Thursday.


FX Markets Turn to New Zealand, UK CPI and BOJ, ECB Meetings

Webinar: What Sentiment and Positioning are Pointing to For Market Prices

In this webinar, DailyFX Analyst and Editor Martin Essex looks at the latest sentiment and positioning indicators for clues as to where market prices are heading.


Webinar: What Sentiment and Positioning are Pointing to For Market Prices

Euro and Yen May Suffer in the Wake of ECB, BOJ Meetings

The Euro and the Japanese Yen may suffer after monetary policy announcements hint ECB and BOJ officials are less hawkish than markets suspect.


Euro and Yen May Suffer in the Wake of ECB, BOJ Meetings

US Dollar Tries to Recover After Plunge Against Top Currencies

The US Dollar is attempting a cautious recovery having plunged to a ten-month low last week. An updated set of Euro area inflation figures is due to be released.


US Dollar Tries to Recover After Plunge Against Top Currencies

Asian Stocks Mixed Despite Stronger China Growth, USD Steady

Asian stocks put in a narrow and mixed showing even as a deluge of Chinese economic data came in strongly. The US Dollar steadied a little after Friday’s widespread falls


Asian Stocks Mixed Despite Stronger China Growth, USD Steady

Gold Prices Rise as Soft US Data Cools Fed Rate Hike Bets

Gold prices rose after soft US economic data cooled Fed rate hike bets. A break of five-week chart resistance hints that further gains may in the cards ahead.


Gold Prices Rise as Soft US Data Cools Fed Rate Hike Bets

Euro Waits for Draghi as ECB to Keep Rates Unchanged

No new staff economic projections from the European Central Bank this week means no change in policy is expected, so market participants will be waiting for President Mario Draghi’s press conference on Thursday above anything else this week.


Euro Waits for Draghi as ECB to Keep Rates Unchanged

Australian Dollar Gains as China GDP Growth Beats Forecasts

The Australian Dollar bounced on Monday as Chinese GDP data beat forecasts, industrial production smashed them and retail sales held up at high levels.


Australian Dollar Gains as China GDP Growth Beats Forecasts

Weekly Trading Forecast: Fed, BOC Cede Spotlight to the ECB, BOJ

Financial markets reacted to shifting Fed and BOC policy prospects in explosive fashion last week. It is now up to the ECB and the BOJ to stoke further volatility.


Weekly Trading Forecast: Fed, BOC Cede Spotlight to the ECB, BOJ

Crude Oil Rises Into 55-DMA On 5% Weekly Gain, Production Rises

Crude Oil is ending the week close to the 55-DMA thanks in part to a weak USD and the DoE showing the largest inventory draw since September.


Crude Oil Rises Into 55-DMA On 5% Weekly Gain, Production Rises

S&P 500 Earnings, Risk Trend-Driven; DAX, Nikkei Face ECB, BoJ

S&P 500 trades into uncharted territory, will rely on risk sentiment and earnings releases; DAX could move on ECB surprise language, while Nikkei unlikely to be impacted by BoJ.


S&P 500 Earnings, Risk Trend-Driven; DAX, Nikkei Face ECB, BoJ

Gold Prices Rebound From Key Support As Yellen Softens Rate Expectations

Prices rebounded off key support this week with the rally now eyeing initial resistance targets. Here are the updated targets & invalidation levels that matter next week.


Gold Prices Rebound From Key Support As Yellen Softens Rate Expectations

Yuan Looks to China’s Q2 GDP, US-China Economic Talks

Event risks will be top drivers for the Yuan rate in the coming week. China’s growth in the second quarter as well as US-China bilateral negotiations could largely impact the outlook of the economy.


Yuan Looks to China’s Q2 GDP, US-China Economic Talks

USD/CAD Post-BoC Weakness to Persist as Bearish Momentum Gathers Pace

The material shift in USD/CAD behavior may continue to unfold over the near-term as the Bank of Canada (BoC) alters the outlook for monetary policy.


USD/CAD Post-BoC Weakness to Persist as Bearish Momentum Gathers Pace

Australian Dollar: More Gains May Be Too Much to Ask

The Australian Dollar enjoyed something of a banner week last week thanks to a variety of supportive factors. However, it can’t rely on a rerun even if it doesn’t fall far.


Australian Dollar: More Gains May Be Too Much to Ask

Yen Plunge May Resume as the Bank of Japan Asserts Dovish Stance

The Japanese Yen may fall further after a brief pause last week as the Bank of Japan firmly asserts its dovish stance and threatens markets with the prospect of greater easing.


Yen Plunge May Resume as the Bank of Japan Asserts Dovish Stance

British Pound: All Eyes on the Inflation Data

Traders in the British Pound will be focused on Tuesday’s UK inflation data for June in the week ahead.


British Pound: All Eyes on the Inflation Data

Has the Dollar Transitioned from Range to Full Bear Trend?

Has the Dollar transitioned from years of range to a full-blown trend this past week? How do we confirm phase transitions for major markets?


Has the Dollar Transitioned from Range to Full Bear Trend?

Dollar Drives to Ten-Month Lows as U.S. Data Continues to Disappoint

The Fed remains hawkish, but markets seem to care little: As U.S. data continues to print below expectations, the Greenback furthers the 2017 fall that’s driven prices to fresh ten-month lows.


Dollar Drives to Ten-Month Lows as U.S. Data Continues to Disappoint

Record Highs for SPX Not Risk, Dollar Break for AUD/USD Not EUR/USD

In a week that was otherwise billed for limited fundamental excitement and held extremely low volatility throughout, traders enter the weekend with anticipation for what lies ahead


Record Highs for SPX Not Risk, Dollar Break for AUD/USD Not EUR/USD

EURUSD Outlook Remains Bullish Heading into ECB

The euro remains bullish heading into the new week, path of least resistance suggests higher prices barring major surprise by ECB.


EURUSD Outlook Remains Bullish Heading into ECB

CPI Miss Calls Fed Credibility Into Question, Dollar at 10-Month Low

Friday US data continued the trend of punishing news for the Fed who is expected to hike and begin balance sheet run-off later this year. Any course diversion could shake up the USD Bulls further.


CPI Miss Calls Fed Credibility Into Question, Dollar at 10-Month Low

3 Big Mistakes Traders Are Making in 2017 And How To Correct Them

Has trading FX this year been more difficult than expected? You are not alone and here are three culprits to blame and fix if you are having a hard time.


3 Big Mistakes Traders Are Making in 2017 And How To Correct Them

GBP to Push Higher if UK Inflation Grows

The British Pound has rallied against a weak US Dollar but may get an extra boost next week after the latest UK inflation data is released.


GBP to Push Higher if UK Inflation Grows

Video: What to Expect in the European Markets in the Week Ahead

In this video, DailyFX’s Martin Essex and Katie Pilbeam discuss what to expect in Europe’s markets in the week ahead.


Video: What to Expect in the European Markets in the Week Ahead

Lackluster U.K. Inflation Report to Rattle GBP/USD Rally

Key data prints coming out of the U.K. economy may rattle the near-term advance in GBP/USD should the developments dampen the risk for above-target inflation.


Lackluster U.K. Inflation Report to Rattle GBP/USD Rally

Webinar: Live Coverage of University of Michigan Confidence

Webinar: Live Coverage of University of Michigan Confidence

Euro, Yen and GBP are in the Spotlight for Next Week

This week saw considerable attention around the U.S. Dollar, but the Greenback takes a back seat next week as drivers in Europe, Japan and the U.K. move to the forefront.


Euro, Yen and GBP are in the Spotlight for Next Week

US Dollar Falls as Inflation Drops to 1.6% in June, Retail Sales Drop Too

The Dollar weakened following US inflation data showing the headline rate dropping to 1.6% in June from 1.9% in May. The core rate was unchanged at 1.7% year/year, but retail sales fell month/month.


US Dollar Falls as Inflation Drops to 1.6% in June, Retail Sales Drop Too

Trading Outlook: USD, JPY-crosses, Gold Price, Oil & More

In this webinar, we looked at the bearish posturing of the US dollar, focusing on GBP, long as well as bearish JPY-cross set-ups, gold, oil, and a few other markets.


Trading Outlook: USD, JPY-crosses, Gold Price, Oil & More

US Dollar Looks to CPI, Retail Sales for Signs of Life

US equity markets are pushing all time highs and the higher yielding commodity currencies enjoying quite the rally the past 24-48 hours.


US Dollar Looks to CPI, Retail Sales for Signs of Life

S&P 500 Approaching Record Highs Lends to a Couple of Possibilities

The stock market recently looked like it might be topping, but with a couple of green days it is back near record levels; outlined are scenarios for navigating the current landscape.


S&P 500 Approaching Record Highs Lends to a Couple of Possibilities

Cryptocurrency: Bitcoin Charts Show Conflicting Signals; Ethereum Falls

Bitcoin (BTC) price action has been contained in the past three weeks but a breakout could be close.


Cryptocurrency: Bitcoin Charts Show Conflicting Signals; Ethereum Falls

DAX Bears Still Have This Scenario Which May Lead the Index Lower

The DAX broke above a key resistance zone, putting a bearish bias on hold; but there remains the possibility we still see a topping pattern fully develop.


DAX Bears Still Have This Scenario Which May Lead the Index Lower

Slowing U.S. CPI to Keep EUR/USD Supported Above July-Low (1.1312)

Another downtick in the U.S. Consumer Price Index (CPI) may spur a rebound in EUR/USD as the FOMC appears to be scaling back its hawkish outlook for monetary policy.


Slowing U.S. CPI to Keep EUR/USD Supported Above July-Low (1.1312)

Asian Markets Mainly Higher, US CPI, Earnings In Focus

The week ended with a whimper for Asian markets in a quiet Friday session which at least saw most of them higher. US inflation data are eagerly awaited


Asian Markets Mainly Higher, US CPI, Earnings In Focus

EUR/USD Technical Analysis: Euro Topping Near 1.15 Figure?

The Euro put in a bearish Dark Cloud Cover candlestick below the 1.1500 threshold against the US Dollar, hinting a move lower may be in the cards.


EUR/USD Technical Analysis: Euro Topping Near 1.15 Figure?

US Dollar May Fall Further as Soft Inflation Cools Rate Hike Bets

The US Dollar may weaken for a fifth consecutive day against its major currency counterparts as soft inflation data cools bets on another Fed rate hike in 2017.


US Dollar May Fall Further as Soft Inflation Cools Rate Hike Bets

Crude Oil Prices Rise Despite Oversupply Worries, US CPI on Tap

Crude oil prices rose even as the IEA warned that the global supply glut is proving stickier than expected. US inflation data and its impact on Fed policy bets are in focus ahead.


Crude Oil Prices Rise Despite Oversupply Worries, US CPI on Tap

Japanese Yen Technical Analysis: USD/JPY Top Stays Elusive

The Japanese Yen is struggling against many major rivals but, against the US Dollar, it may be showing signs of some revival. USD/JPY bulls may have to face yet another lower high.


Japanese Yen Technical Analysis: USD/JPY Top Stays Elusive

Dollar and S&P 500 So Close to Breaks, Will Aussie and Kiwi Surge Last?

The Dollar and US equity indexes seem so close to marking critical technical breaks, but the breakout with conviction seems to constantly elude anxious traders.


Dollar and S&P 500 So Close to Breaks, Will Aussie and Kiwi Surge Last?

Australian Dollar Shines As USD Awaits CPI Print, Oil Price Supported

The US Dollar is hanging by a thread above 10-month lows ahead of an all-important CPI. A big miss would call the Fed’s ‘transitory’ view and credibility into question.


Australian Dollar Shines As USD Awaits CPI Print, Oil Price Supported

Trading the Majors, post-Yellen

The S&P 500 made another push towards fresh all-time-highs after the Federal Reserve's Humphrey-Hawkins testimony. This could furnish a backdrop for a continuation of the 'risk on' trade across FX markets.


Trading the Majors, post-Yellen

USD/JPY Rally Vulnerable Ahead of U.S. CPI / Retail Sales

The pair reversed off a key resistance range this week with the pullback now eyeing initial support. Here are the updated targets & invalidation levels that matter.


USD/JPY Rally Vulnerable Ahead of U.S. CPI / Retail Sales

Bullish EUR/GBP on Increasing GBP Risks & Options Pricing

Risks are building for the UK economy that could show the BoE will be left behind as others normalize as EUR continues to strengthen.


Bullish EUR/GBP on Increasing GBP Risks & Options Pricing

USD/CAD Bearish Behavior to Persist as BoC Alters Policy Outlook

Broader outlook for USD/CACD remains tilted to the downside as the Bank of Canada (BoC) appear to be on course to implement higher borrowing-costs over the coming months.


USD/CAD Bearish Behavior to Persist as BoC Alters Policy Outlook

European Equities Continue Rally as Yellen Speaks

European markets are gaining once again as US President Donald Trump visits France, Fed Chair Janet Yellen gets set to talk once again, corporate rumours wobble the bourses and Britain’s fiscal watchdog warns of a challenging political environment.


European Equities Continue Rally as Yellen Speaks

Sell FTSE 100 as Moving Averages Converge

Sell FTSE 100 as Moving Averages Converge

Dollar Drops and Stocks Surge as Yellen Echoes the ’Fed Put’

Day one of Chair Yellen's Congressional testimony appears to have been very well-received by equity markets. In this article, we look at how a continuation of this theme could carry impact in FX.


Dollar Drops and Stocks Surge as Yellen Echoes the ’Fed Put’

Becoming a Better Trader: Preparation is Paramount

In this webinar, we discussed the importance of preparation and how it improves consistency in your process.


Becoming a Better Trader: Preparation is Paramount

Take Profit on Long EUR/CHF Trade

Take Profit on Long EUR/CHF Trade

Long USD/JPY, Long GBP/USD

We still have considerable headline risk for the remainder of this week, and with a bullish breakout in Cable combined with continued support in USD/JPY, the door is open for this USD-hedge setup going into week-end.


Long USD/JPY, Long GBP/USD

AUD/JPY, CAD/JPY Press Breakouts as Risk Appetite Surges

US equity markets are pushing all time highs and the higher yielding commodity currencies enjoying quite the rally the past 24-48 hours.


AUD/JPY, CAD/JPY Press Breakouts as Risk Appetite Surges

GBP/USD Technical Analysis: Bullish Break of Bull Flag Formation

Bulls have taken over in the British Pound since support came into play at 1.2809. Price action is now breaking above a bull flag formation, opening the door for topside continuation strategies.


GBP/USD Technical Analysis: Bullish Break of Bull Flag Formation

Gold Prices Eye Key Resistance as Day 2 of Yellen Testimony Looms

Gold prices are poised to challenge resistance defining the down trend over the past month as the second day of testimony from Fed Chair Janet Yellen looms ahead.


Gold Prices Eye Key Resistance as Day 2 of Yellen Testimony Looms

GBPUSD Pops Higher, BoE Says Credit to UK Households Set to Fall

GBPUSD has potentially broken out to the upside from a falling channel in place since early July; Bank of England says banks are set to reduce their lending to consumers.


GBPUSD Pops Higher, BoE Says Credit to UK Households Set to Fall

Silver Price Bounce to Fail, Bringing 2003 Trend-line into Play

Silver is undergoing what appears to be a correction, another push lower to bring into play a long-term trend-line under 15.


Silver Price Bounce to Fail, Bringing 2003 Trend-line into Play

Asian Stocks Gain On Yellen Comments, China Trade Tops Forecasts

Asian investors generally liked what they heard form Janet Yellen’s Congressional testimony. All major indexes rose although US Dollar weakness limited the Nikkei


Asian Stocks Gain On Yellen Comments, China Trade Tops Forecasts

British Pound May Fall on Sanguine BOE Credit, Banking Surveys

The British Pound may fall if sanguine UK credit conditions and bank liabilities surveys undercut the case for near-term tightening of Bank of England monetary policy.


British Pound May Fall on Sanguine BOE Credit, Banking Surveys

NZD/USD Technical Analysis: Trying to Make Good on Trend Break

The New Zealand Dollar is attempting to make good on a break of rising trend support guiding the currency higher since mid-May against its US counterpart.


NZD/USD Technical Analysis: Trying to Make Good on Trend Break

Political Intrigue Fades, Equities Rally, Canadian Dollar Surges

Markets have changed their focus on a dime - as they are want to do - and speculation for different reversals, breakouts and trends have resulted.


Political Intrigue Fades, Equities Rally, Canadian Dollar Surges

Australian Dollar Slips Back Despite Elevated Inflation Worries

The Australian Dollar fell counterintuitively on Wednesday following news that consumers in its homeland see higher inflation ahead. Exhaustion perhaps explains the move.


Australian Dollar Slips Back Despite Elevated Inflation Worries

Yellen Keeps USD on Downward Trajectory, BoC Catapults CAD With Hike

The Canadian Dollar launched into 16 month highs after the Bank of Canada hiked rates for the first time in 7 years while Yellen encouraged USD bears on her inflation concerns.


Yellen Keeps USD on Downward Trajectory, BoC Catapults CAD With Hike

Is the Bitcoin Party Over? Crypto Threatens Major Reversal

BTCUSD is poised to post an outside-day reversal off technical support, but we’re not out of the woods yet. Here are the updated targets & invalidation levels that matter.


Is the Bitcoin Party Over? Crypto Threatens Major Reversal

USD/JPY June Rally Unravels as Chair Yellen Tames Rate Expectations

USD/JPY may continue to give back the rebound from the June-low (108.80) especially as U.S. Treasury yields come under pressure following the Humphrey-Hawkins testimony.


USD/JPY June Rally Unravels as Chair Yellen Tames Rate Expectations

USD/JPY Price Analysis: Bearish Reversal Exposing USD Weakness

USD/JPY has reversed nearly 150 pips from Tuesday’s high of 114.50. However, these are two weak currencies, and it may be saying more about USD.


USD/JPY Price Analysis: Bearish Reversal Exposing USD Weakness

European Stocks End Higher after UK Labor Data

European markets are higher this Wednesday as the UK unemployment rate hits lowest since 1975 but real wages keep on falling.


European Stocks End Higher after UK Labor Data

USD/CAD Plummets As BoC Does Not Look To Be ’One And Done’

The Canadian Dollar has just become the proud owner of a hawkish hike as Poloz talks up the economy even more and USD/CAD pushes toward 2016 lows.


USD/CAD Plummets As BoC Does Not Look To Be ’One And Done’

Did EURGBP Just Top?

Price has responded to slope resistance with a break below these support targets risking a larger correction. Here are the updated targets & invalidation levels that matter.


Did EURGBP Just Top?

Brexit Briefing: EU Negotiator Ramps Up the Rhetoric

EU chief negotiator Michel Barnier laid out in clear and concise terms the obligations that Britain must fulfill before trade talks commence.


Brexit Briefing: EU Negotiator Ramps Up the Rhetoric

Dollar Primed for Yellen Testimony: Strategy for EUR/USD, USD/JPY

Today marks the beginning of the Federal Reserve's twice-annual Humphrey Hawkins testiomony, and markets are already moving briskly after Chair Yellen's statement. In this article, we look at strategy for EUR/USD and USD/JPY around this two-day event.


Dollar Primed for Yellen Testimony: Strategy for EUR/USD, USD/JPY

Bullish GBPUSD, Good First Entry for Possible Big Picture Breakout Later

Cable is turning higher from a key area of support, offering a good risk/reward entry for a big-picture move higher.


Bullish GBPUSD, Good First Entry for Possible Big Picture Breakout Later

Trading Outlook: USD Bearish, JPY-Crosses Bearish, Gold & Oil Correcting

In this webinar, we discussed the still weak posturing of USD, discussed yesterday's reversals in Yen-crosses, and looked at commodities and indices as well...


Trading Outlook: USD Bearish, JPY-Crosses Bearish, Gold & Oil Correcting

USD/JPY, Gold at Key Levels as US Yields Threaten Pullback

Around the Bank of Canada rate decision today, look for USD/CAD to bottom or CAD/JPY to breakout.


USD/JPY, Gold at Key Levels as US Yields Threaten Pullback

EUR/GBP Technical Analysis: Euro Surges to 8-Month High

A Euro looks poised to continue higher after jumping to the highest level in eight months and reclaiming a foothold above the 0.89 figure against the British Pound.


EUR/GBP Technical Analysis: Euro Surges to 8-Month High

USDCAD Implied Volatility Swells Ahead of Expected Rate Hike

Today, the BoC is expected to raise rates, and the options market is ramping up expectations for volatility on the rate announcement, central bank language.


USDCAD Implied Volatility Swells Ahead of Expected Rate Hike

US Dollar May Move More on Hawkish vs. Dovish Yellen Tone

The US Dollar may be more responsive if Fed Chair Janet Yellen adopts a hawkish posture in much-anticipated Congressional testimony versus if she does not.


US Dollar May Move More on Hawkish vs. Dovish Yellen Tone

BoC to Fuel Shift in USD/CAD Behavior with First Rate Hike Since 2010

The shift in USD/CAD behavior may gather pace over the near-term should the Bank of Canada (BoC) normalize monetary policy in the second-half of 2017.


BoC to Fuel Shift in USD/CAD Behavior with First Rate Hike Since 2010

Webinar: Live Data Coverage of UK Employment Report

In this webinar, DailyFX Analyst and Editor Martin Essex discusses trade setups in GBP/USD, EUR/GBP and GBP/JPY before and after the latest UK labor market data were released.


Webinar: Live Data Coverage of UK Employment Report

GBP Re-Coups Earlier Losses on UK Jobs, Wages Data

The British Pound pulled back all of its early morning losses and traded flat on the session after better-than-expected UK data.


GBP Re-Coups Earlier Losses on UK Jobs, Wages Data

FTSE 100 Seeking Resolution from Range, Be Careful of False Breaks

The footsie has been bottled up for nearly two weeks and a range-break is due, but be careful of a false breakout with levels quickly appearing on both sides of the range.


FTSE 100 Seeking Resolution from Range, Be Careful of False Breaks

Asian Markets Mostly Down, Investors Digest Trump Emails

Most Asian stocks retreated as investors looked to the latest installment of the Donald Trump election saga and forward to Janet Yellen’s trip to Congress


Asian Markets Mostly Down, Investors Digest Trump Emails

Upbeat U.K. Job/Wage Growth Report to Curb GBP/USD Losses

A pickup in U.K. job/wage growth may spark a near-term rebound in GBP/USD as it puts pressure on the Bank of England (BoE) to start normalizing monetary policy.


Upbeat U.K. Job/Wage Growth Report to Curb GBP/USD Losses

Chinese Yuan Band Should Be Widened: PBOC Paper

The Chinese Yuan could have taken a step towards more widely-traded status as a story advocating wider trading bands, reduced State intervention makes the official front page


Chinese Yuan Band Should Be Widened: PBOC Paper

Strategy Video: The BoC Rate Decision Can Move More than USD/CAD

Janet Yellen's first day of testimony before Congress isn't the only prime monetary policy event of the forthcoming session.


Strategy Video: The BoC Rate Decision Can Move More than USD/CAD

Australian Dollar Gains As Consumer Confidence Picks Up At Last

An already stronger Australian Dollar got a boost from news that Westpac’s consumer sentiment index had picked up, albeit modestly, after three months of falls.


Australian Dollar Gains As Consumer Confidence Picks Up At Last

Political Scandal Shakes SPX, Dollar Fixes on Yellen

If there were any doubt that political concerns were still a market moving theme, this past session's volatility should put traders back on guard.


Political Scandal Shakes SPX, Dollar Fixes on Yellen

Japanese Yen Unmoved As Producer Prices Meet Expectations

The Japanese Yen barely twitched on news that Corporate Goods Price Index remained flat on the month for a third straight time in June, as expected


Japanese Yen Unmoved As Producer Prices Meet Expectations

NZ Dollar Depreciates as Housing Fund Reduces RBNZ Rate Hike Bets

The New Zealand Dollar fell versus its major peers on Monday as Prime Minister Bill English approved an NZ$1B housing fund, likely reducing RBNZ rate hike bets.


NZ Dollar Depreciates as Housing Fund Reduces RBNZ Rate Hike Bets

USD Price Action Setups Ahead of Yellen

Tomorrow brings the start of two days of testimony from Fed Chair Janet Yellen, and the U.S. Dollar remains near 10-month lows. In this webinar, we looked at setups on both sides of the Greenback.


USD Price Action Setups Ahead of Yellen

Crude Oil Price Forecast: Watch WTI Price Action Near This Zone

Crude Oil is trading at a level that has provided strong support in the past, but increasing supply from OPEC may dampen the market's faith to buy.


Crude Oil Price Forecast: Watch WTI Price Action Near This Zone

NZD/USD Rally Unravels Ahead of Yellen Testimony

Kiwi has finally turned over after reversing off multi-year trendline resistance late-last month. Here are the updated targets & invalidation levels that matter.


NZD/USD Rally Unravels Ahead of Yellen Testimony

EUR/USD July Range at Risk as Fed Chair Yellen Testifies to Congress

EUR/USD stands at risk of threatening the monthly opening range should fresh remarks from Fed Chair Janet Yellen shift market expectations.


EUR/USD July Range at Risk as Fed Chair Yellen Testifies to Congress

USD/ZAR Well Placed to Strengthen Further, 14.00 Level In Sight

The South African Rand is looking weak both fundamentally and technically, putting the 14.00 level in sight for USD/ZAR.


USD/ZAR Well Placed to Strengthen Further, 14.00 Level In Sight

FTSE 100 Remains Heavy as Bearish Crossover Nears

The FTSE 100 is likely to move further lower as the technical set-up looks negative.


FTSE 100 Remains Heavy as Bearish Crossover Nears

Close Out Long CAD/JPY

CAD/JPY is faced with resistance, a maturing near term uptrend, and Bank of Canada rate decision. Await to buy a dip on a correction.


Close Out Long CAD/JPY

Pound Tests Support as USD Attempts to Build a Bullish Base

Tomorrow sees the start of the Federal Reserve's two-day Humphrey-Hawkins testimony, and the British Pound is testing a key area of support as the U.S. Dollar appears to be on the verge of a bullish move.


Pound Tests Support as USD Attempts to Build a Bullish Base

USD/CAD Downtrend Still Eyeing 1.24 Target

USD/CAD continues to sell off towards 1.24 target. Bank of Canada's rate announcement on Wednesday may offer a temporary bounce.


USD/CAD Downtrend Still Eyeing 1.24 Target

GBP/USD Awaits Catalyst; USD/CAD, CAD/JPY at Crossroads

Depending upon the BOC tomorrow, either USD/CAD could look to bottom or CAD/JPY could breakout of what could be an inverse head & shoulders bottom.


GBP/USD Awaits Catalyst; USD/CAD, CAD/JPY at Crossroads

Long GBP/USD Ahead of Yellen, Humphrey Hawkins

The British Pound put in a 38.2% retracement of its recent bullish move, and this setup looks to take advantage of bullish continuation in the pair.


Long GBP/USD Ahead of Yellen, Humphrey Hawkins

S&P 500, Nasdaq 100 Topping Formations in Play

U.S. indices are positioned to turn lower here very soon, a couple of top and bottom-side technical developments are in play as guides.


S&P 500, Nasdaq 100 Topping Formations in Play

Webinar: DailyFX European Desk Round Table: British Pound, Euro May Fall Again Soon

Join DailyFX strategists Christopher Vecchio, Martin Essex, and Nick Cawley for a discussion on the major influences out of Europe impacting FX markets.


Webinar: DailyFX European Desk Round Table: British Pound, Euro May Fall Again Soon

Trading Outlook for DAX, S&P 500, Gold/Silver Price & More

In this webinar, we looked at key levels in precious metals, crude oil; and the increasingly bearish outlook for equity indices.


Trading Outlook for DAX, S&P 500, Gold/Silver Price & More

Brexit Briefing: Trade, the Repeal Bill and May’s Woes

Brexit has receded as an influence on the British Pound but it could yet return as a market mover.


Brexit Briefing: Trade, the Repeal Bill and May’s Woes

DAX Bearish Outlook Set to Revive Soon

The German index is testing resistance, but overall price action since the record high suggest more follow-through coming; French election gap-fill in focus.


DAX Bearish Outlook Set to Revive Soon

Asian Stocks Make Gains As Investors Look To Yellen

Asian stocks managed gains in a day of scant economic news. Investors were reportedly looking to Wednesday when Fed Chair Yellen will testify on the economy


Asian Stocks Make Gains As Investors Look To Yellen

US Dollar May Rise as Pound Drops on Fed, BOE Commentary

The US Dollar may trade higher while the British Pound might decline as comments from Federal Reserve and Bank of England policymakers cross the wires.


US Dollar May Rise as Pound Drops on Fed, BOE Commentary

What Does the Divergence in EUR/USD COT and Spot Sentiment Data Suggest?

How are speculative traders positioned; and are they on to trade opportunities that the commercial market participants simply not aware of?


What Does the Divergence in EUR/USD COT and Spot Sentiment Data Suggest?

Gold Prices May Fall as Hawkish Fed-Speak Sets Stage for Yellen

Gold prices may fall if usually dovish Fed Governor Brainard seems to support another rate hike this year, setting the stage for testimony from Fed Chair Yellen later in the week.


Gold Prices May Fall as Hawkish Fed-Speak Sets Stage for Yellen

ASX 200 Technical Analysis: Pick Your Downtrend With Care

The ASX 200 has been stuck in a broad range since its May 1 peak but, alas for longer-term bulls, that range has failed to negate the index’s broader downtrend.


ASX 200 Technical Analysis: Pick Your Downtrend With Care

Australian Dollar Relaxed Despite NAB Confidence, Home Loan Gains

The Aussie Dollar didn’t move far despite upbeat business-confidence data. The RBA probably likes where things are headed, but they aren't yet moving fast enough to alter policy.


Australian Dollar Relaxed Despite NAB Confidence, Home Loan Gains

Stocks in Unenthusiastic Risk Reach, Dollar’s Attention Forward to Yellen

If correlation where the gauge of conviction, the market's opened to a roaring sense of speculative appetite to start the week.


Stocks in Unenthusiastic Risk Reach, Dollar’s Attention Forward to Yellen

DJIA May Correct Lower While USD/CAD Traders Wait on BOC

DJIA trades near highs, but is at risk of a correction lower through the Elliott Wave flat pattern. We anticipate USD/CAD to continue lower, but may correct up to 1.32-1.34.


DJIA May Correct Lower While USD/CAD Traders Wait on BOC

Gold Price Pattern Favors Volatility, USD/CAD In FX Spotlight

The action in FX is expected to be focused around CAD, USD, & MXN as a week full of events and anticipated reactions to last week are in focus.


Gold Price Pattern Favors Volatility, USD/CAD In FX Spotlight

FX Markets Hone in on US Economic Data, Yellen’s Congressional Testimony

Monday and Tuesday are rather quiet in terms of significant events or data; traders will be watching Wednesday through Friday.


FX Markets Hone in on US Economic Data, Yellen’s Congressional Testimony

AUD/USD Technical Analysis: Price Testing Key Slope Support

Aussie is testing support into the open of the week & month with major U.S. event risk on tap. Here are the updated targets & invalidation levels that matter.


AUD/USD Technical Analysis: Price Testing Key Slope Support

USD/CAD at Risk for Further Losses on Hawkish Bank of Canada (BoC)

The Bank of Canada (BoC) July 12 interest rate decision may fuel a further shift in USD/CAD behavior should the central bank continue to alter the policy outlook.


USD/CAD at Risk for Further Losses on Hawkish Bank of Canada (BoC)

USD/CAD Price Analysis: Significant Trading Risk Ahead of BoC

The Canadian Dollar has moved to the strongest position within the G8 and appears to be a runaway train, but expectations should make the BoC announcement volatile. Key level provided.


USD/CAD Price Analysis: Significant Trading Risk Ahead of BoC

European Markets Gains Continue to Build

European markets are gaining this Monday following on from the positive US jobs data on Friday.


European Markets Gains Continue to Build

Dollar Crosses, Gold in Focus as Yellen takes Center Stage

Webinar highlighting featured setups we’re tracking into the weekly open. Here are the updated targets & invalidation levels that matter.


Dollar Crosses, Gold in Focus as Yellen takes Center Stage

Webinar: FX Week Ahead: Big Week Ahead for US Dollar with Yellen Testimony, CPI

It's a considerably heavier week on the economic calendar, but there are a few select events worth paying attention to over others.


Webinar: FX Week Ahead: Big Week Ahead for US Dollar with Yellen Testimony, CPI

Bitcoin Pressured to The Downside as Sellers Take The Lead

The crypto-currency is consolidating lower although conditions remain oversold.


Bitcoin Pressured to The Downside as Sellers Take The Lead

USD Strategy for Bullish and Bearish Scenarios as Dollar Remains Near Lows

Another big week for the U.S. Dollar sits in front of us, and with Chair Yellen testifying in-front of Congress on Wednesday and Thursday, is there hope for a bullish move in the Greenback to finally show up?


USD Strategy for Bullish and Bearish Scenarios as Dollar Remains Near Lows

Gold Prices Fall to Fresh Lows as Oversold Conditions Begin to Show

Gold has spent much of the last month heading-lower in an a rather aggressive fashion, and prices are looking more oversold as a key area of support comes into view at $1,200.


Gold Prices Fall to Fresh Lows as Oversold Conditions Begin to Show

COT: Gold & Silver Unwind Continues, NZD Long Builds Despite No Gains

Gold and silver traders unwinding at rapid rate, kiwi long position could provide fuel for down-move, while CAD traders could continue to get squeezed.


COT: Gold & Silver Unwind Continues, NZD Long Builds Despite No Gains

USD/JPY Breakout, Gold Breakdown Gaining Pace as Key Week for USD Begins

US Dollar sentiment may be at an extreme after a prolonged stretch of everything possible going poorly for the greenback.


USD/JPY Breakout, Gold Breakdown Gaining Pace as Key Week for USD Begins

USDJPY Projected One-Week Range-high and Resistance in Alignment

USDJPY has been slow and steady the past month, but will soon find itself pitted up against big resistance; projected one-week range-high aligns with top-side levels.


USDJPY Projected One-Week Range-high and Resistance in Alignment