Will a New Quarter, Central Bank Detail, NFPs and G20 Charge Volatility?

After clearly the US liquidity lull to start this new week, will major event risk with direct thematic ties channel a reversal in speculative bearing and trading volatility throughout the financial system?


Will a New Quarter, Central Bank Detail, NFPs and G20 Charge Volatility?

Oil Prices Extend Bullish Sequence as U.S. Crude Output Narrows

The recent recovery in crude oil prices may carry into July the U.S. Energy Information Administration (EIA) sees a near-term slowdown in energy outputs.


Oil Prices Extend Bullish Sequence as U.S. Crude Output Narrows

Will Dollar’s Worst Quarter In 7 Years Continue, Can Volatility Be Revived?

On the one hand, the most liquid FX pairs have carved out broad ranges that have struggled for meaningful progress despite the rise of critical fundamental themes.


Will Dollar’s Worst Quarter In 7 Years Continue, Can Volatility Be Revived?

Gold Prices Lower on Shifting Policy Outlook- FOMC Minutes, NFP on Tap

Gold prices look to close at the monthly lows and heading into July trade the focus is on key support just lower. Here are the updated targets & invalidation levels that matter.


Gold Prices Lower on Shifting Policy Outlook- FOMC Minutes, NFP on Tap

Yuan Looks to Caixin PMI, Xi’s Trip for Further Strength

The Yuan remained in a bullish trend as the USD/CNH failed to break above a key resistance. Looking forward, event risk will be the main focus for the Yuan.


Yuan Looks to Caixin PMI, Xi’s Trip for Further Strength

Australian Dollar Bulls’ Hawkish RBA Bet May Not Pay Out

The Australian Dollar has risen on hopes that the RBA will join its more hawkish developed-market peers in writing ultra-low rates’ obituary. But will it?


Australian Dollar Bulls’ Hawkish RBA Bet May Not Pay Out

British Pound: Resistance at 1.30 to Come Under Further Pressure

For the British Pound, last week was dominated by comments from Bank of England Governor Mark Carney.


British Pound: Resistance at 1.30 to Come Under Further Pressure

Dollar Downtrend in the Spotlight Ahead of FOMC Minutes, NFP

Dollar weakness continued to flare into the end of Q2, but will a slate of highly-pertinent U.S. drivers finally be able to bring some element of respite to the bearish trend?


Dollar Downtrend in the Spotlight Ahead of FOMC Minutes, NFP

Introduction to Multi-Time Frame Analysis

In this series we piece together the anatomy of trade setup. In part 3 we’ll focus on how multi-time frame analysis can improve your trading.


Introduction to Multi-Time Frame Analysis

DailyFX Roundtable: Pre-NFP Trade Setups & Key Themes for 3Q 2017

Join DailyFX Strategists Michael Boutros, David Song and Christopher Vecchio for a roundtable discussion on potential trade setups and key themes for 3Q 2017.


DailyFX Roundtable: Pre-NFP Trade Setups & Key Themes for 3Q 2017

Top Three Price Action Themes for the Forex Market in Q3

Today marks the end of Q2, and 2017 has already been a rather active year. In this article, we look at three of the most pressing themes as we move into the second half of the year.


Top Three Price Action Themes for the Forex Market in Q3

Webinar: Live Data Coverage: German Unemployment (JUN)

In this webinar, DailyFX Analyst and Editor Martin Essex discusses trade setups in the Euro and the DAX before and after the release of the German labor market data for June.


Webinar: Live Data Coverage: German Unemployment (JUN)

EUR/GBP Technical Analysis: Double Top Taking Shape Below 0.89?

A Euro put in a bearish Dark Cloud cover candlestick pattern, hinting a double top may be taking shape below the 0.89 level versus the British Pound.


EUR/GBP Technical Analysis: Double Top Taking Shape Below 0.89?

German Unemployment Rises Unexpectedly in June

Unemployment in Germany rose unexpectedly in June but the unemployment rate was unchanged, as predicted, at 5.7%.


German Unemployment Rises Unexpectedly in June

Crude Oil Price May Fall as EIA Monthly Report Highlights Glut

Crude oil prices may fall as the EIA monthly report stokes speculation that swelling swing supply will offset OPEC-led efforts to trim output.


Crude Oil Price May Fall as EIA Monthly Report Highlights Glut

Euro May Fall After CPI Data as Pound Gains on GDP Revision

The Euro may retrace some recent gains after the passage of local CPI data. An upgrade of first-quarter UK GDP figures might boost the British Pound.


Euro May Fall After CPI Data as Pound Gains on GDP Revision

Asian Shares Slide As Focus Stays On US Tech, Not Local Data

Asian stocks had some fairly solid local data to play with but chose to ignore them and worry about US tech-sector valuations instead. Cue plenty of red.


Asian Shares Slide As Focus Stays On US Tech, Not Local Data

Japanese Yen Technical Analysis: USD/JPY Stalls Before 1st Hurdle

The Japanese Yen has been under pressure against the greenback but that could be set to reverse as USD/JPY has failed to top key initial resistance levels.


Japanese Yen Technical Analysis: USD/JPY Stalls Before 1st Hurdle

Euro Rally Vulnerable to Slowing Consumer Price Index (CPI)

Another downtick in the Euro-Zone’s Consumer Price Index (CPI) may drag on EUR/USD as it puts pressure on the ECB to carry the QE program beyond December 2017.


Euro Rally Vulnerable to Slowing Consumer Price Index (CPI)

UK Consumer Confidence Drops Following Election

The British Pound shrugged off a drop in consumer confidence registered in the aftermath of this month’s UK snap election. An increase in business sentiment also fell on deaf ears.


UK Consumer Confidence Drops Following Election

Australian Dollar Stays Firm After China Mfg PMI Beat

The Australian Dollar got a modest lift after an official snapshot of China’s manufacturing sector found it in reasonable health in June.


Australian Dollar Stays Firm After China Mfg PMI Beat

Monetary Policy from Fed, ECB, BoE Priming Speculative Drop

The global tides are changing. The rise of extraordinary accommodation in the form of extreme rate hikes and the implementation of large scale asset programs (LSAPs or more often referred to as QE) marked a turning point in the history books for finance.


Monetary Policy from Fed, ECB, BoE Priming Speculative Drop

Japanese Yen Gains on Upbeat Inflation, Employment Figures

The Japanese Yen edged higher after supportive inflation and employment data crossed the wires but a static BOJ policy outlook may undermine follow-through.


Japanese Yen Gains on Upbeat Inflation, Employment Figures

Are the SPX and VIX Really Signaling Trend Change Before Weekend?

Are the markets primed for the long-awaited collapse in risk trends...just before a serious liquidity drain? It was difficult to miss the stomach churning drop in risk-based trends this past session.


Are the SPX and VIX Really Signaling Trend Change Before Weekend?

Fed Loses First Mover Advantage, EUR/USD Price Approaches 1.15

FX Volatility is picking up at the quarter’s end with DXY at 8-month lows. Friday’s data could be a short-term nail in the Fed’s hawkish coffin.


Fed Loses First Mover Advantage, EUR/USD Price Approaches 1.15

Euro, USD, JPY Price Action Setups: Q3 Preview

Markets have really heated up as we move to close out Q2, seemingly driven by shifts in Central Banker stances around-the-world. In this webinar, we look at which themes may be most usable for traders as we move into Q3.


Euro, USD, JPY Price Action Setups: Q3 Preview

AUD/USD Runs to Highs as Dollar Sell-off Deepens

Aussie has rallied to fresh monthly highs with key resistance objectives now in view. Here are the updated targets & invalidation levels that matter.


AUD/USD Runs to Highs as Dollar Sell-off Deepens

Bullish AUD/JPY Toward YTD Highs On Commodities Rebound Ahead Of RBA

Bullish AUD/JPY on Positive Iron Ore Correlation As Commodity Bloc Rebounds Ahead of RBA


Bullish AUD/JPY Toward YTD Highs On Commodities Rebound Ahead Of RBA

Crude Oil Price Recovery to Carry Into July Amid Slowing U.S. Outputs

The near-term recovery in crude oil prices may carry into July as market participants turn their attention to the slowdown in U.S. production.


Crude Oil Price Recovery to Carry Into July Amid Slowing U.S. Outputs

Brexit Briefing: Don’t Forget, For GBP, Politics Remain Important

UK Prime Minister Theresa May is facing several crucial votes in Parliament today, underlining the continuing importance of politics as well as monetary policy for GBP traders.


Brexit Briefing: Don’t Forget, For GBP, Politics Remain Important

USD/CAD Price Breaks 1.3000 On BoC Hawkish Tone and Oil Price Rebound

The Canadian Dollar has moved to the strongest position within the G8 on a relative measure, and there is ample evidence the wind could be at its back.


USD/CAD Price Breaks 1.3000 On BoC Hawkish Tone and Oil Price Rebound

Dollar Drop to Eight-Month Low Fires Euro, Pound Higher

As we move into Q3, fresh themes are flaring as the global bond rout continues. In this article, we look at what could be the most proactive markets for traders to follow as we move into the new quarter.


Dollar Drop to Eight-Month Low Fires Euro, Pound Higher

Becoming a Better Trader: Q&A Session

In this webinar, we discussed a variety of trader performance topics including risk management, psychology, trade execution, and different types of analysis.


Becoming a Better Trader: Q&A Session

Webinar: Central Bank Weekly: BOE, ECB Chatter Lifts GBP, EUR; What’s Next for Fed & USD?

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: BOE, ECB Chatter Lifts GBP, EUR; What’s Next for Fed & USD?

Gold Prices Fall as Global Bond Rout Continues

The sell-off in global bonds continues as investors attempt to front-run stimulus exit from multiple major economies. In this article, we look at how traders might be able to trade a continuation of this theme in Gold prices.


Gold Prices Fall as Global Bond Rout Continues

S&P 500 Consolidating or Topping?

The market has experienced little net change for the month, which begs the question of whether we are seeing a healthy consolidation or distribution top.


S&P 500 Consolidating or Topping?

Euro May Pull Back on Soft German CPI, US Dollar at Risk on GDP

The Euro may pull back from recent highs if soft German CPI cools bets on imminent stimulus reduction. A downgrade of first-quarter US GDP data may hurt the US Dollar.


Euro May Pull Back on Soft German CPI, US Dollar at Risk on GDP

Webinar: Live Data Coverage: Euro-Zone Economic Confidence

In this webinar, DailyFX Analyst and Editor Martin Essex discusses trade setups in the Euro before and after the release of Euro-Zone confidence data.


Webinar: Live Data Coverage: Euro-Zone Economic Confidence

Gold Prices May Rise as US GDP Downgrade Cools Fed Rate Hike Bets

Gold prices may turn higher as a downgrade of US first-quarter GDP growth data cools Fed rate hike bets, boosting the appeal of non-interest-bearing assets.


Gold Prices May Rise as US GDP Downgrade Cools Fed Rate Hike Bets

Euro-Zone Confidence Exceeds Expectations, Euro Focuses on Draghi

Sentiment in the Euro-Zone continues to improve, reinforcing the view that regional economic growth prospects remain positive. However, comments from the ECB are more important for the Euro.


Euro-Zone Confidence Exceeds Expectations, Euro Focuses on Draghi

DAX Technical Outlook Skewed Lower, Big Area of Support in Focus

The DAX is in a precarious spot at the moment, choppy trading conditions warrant especially selective entries on trades.


DAX Technical Outlook Skewed Lower, Big Area of Support in Focus

ASX 200 Technical Analysis: Range Top Could Be Challenged

The ASX 200 has been trapped in a broad range ever since its slide from 2017’s highs was arrested earlier this month. But could something be about to give?


ASX 200 Technical Analysis: Range Top Could Be Challenged

Asian Stocks Pick Up Across Board On Central Bank Optimism

Asian equity markets tracked global peers higher Thursday as upbeat commentary from central bankers served to increase risk appetite across the region


Asian Stocks Pick Up Across Board On Central Bank Optimism

Is This a Weak Dollar or Strong Euro, Pound and Canadian Dollar?

All boats run aground when the tide rolls out. In the markets, the performance of any individual asset or sector is dictated by the surrounding conditions.


Is This a Weak Dollar or Strong Euro, Pound and Canadian Dollar?

Australian Dollar Holds Up After Upbeat New Home Sales

The Australian Dollar had been rising anyway but news of a second straight monthly gain for new home sales did its cause no harm at all on Thursday.


Australian Dollar Holds Up After Upbeat New Home Sales

New Zealand Dollar Lifted By Stellar Business Confidence

The New Zealand Dollar took off on news that businesses in its homeland are more upbeat about their chances than they’ve been for nine months.


New Zealand Dollar Lifted By Stellar Business Confidence

Japanese Yen Steady Despite May Retail Sales Miss

The Japanese Yen was focused elsewhere on Thursday and didn’t move much on news that May’s retail sales numbers were weaker than the markets had hoped.


Japanese Yen Steady Despite May Retail Sales Miss

Dollar Fades with Fed Advantage, Can Banks Buybacks Carry Risk?

Volatility held up through this past trading session, but there was some change in direction for some of the key players.


Dollar Fades with Fed Advantage, Can Banks Buybacks Carry Risk?

Crude Oil Price Forecast: How a WTI Bounce Could Travel Fast

Glut concerns remain, and a Dallas Fed Survey shows concerns supply imbalance will remain near 2H 2018, but a new upside risk is developing.


Crude Oil Price Forecast: How a WTI Bounce Could Travel Fast

EUR/USD Rockets to 2017 Highs, Oil Price Corrective Rally Risk Grows

Central Bankers have been on the wire a lot this week, and it seems like there has not been a unified argument like this since 2008.


EUR/USD Rockets to 2017 Highs, Oil Price Corrective Rally Risk Grows

EUR/USD Strength to Persist as ECB Gradually Alters Policy Outlook

The resilience in EUR/USD may persist in the second-half of 2017 as the European Central Bank (ECB) appears to be on course to alter the monetary policy outlook.


EUR/USD Strength to Persist as ECB Gradually Alters Policy Outlook

EUR/JPY Technical Analysis: Blast-Off to Fresh 2017 Highs

Euro strength continues to show despite the fact that ECB 'sources' attempted to walk-back Mario Draghi's comments from yesterday. But bulls are proving persistent across Euro-pairs, and this could denote attractive continuation potential.


EUR/JPY Technical Analysis: Blast-Off to Fresh 2017 Highs

Crude Oil Prices Continue to Rally- Nearing Resistance

The recovery in crude prices is in focus after rebounding off technical support last week. Here are the updated targets & invalidation levels that matter.


Crude Oil Prices Continue to Rally- Nearing Resistance

Euro Breaks Key Resistance, Pound Soars on Carney

We're looking first at the rally in EUR/USD as its broken resistance.


Euro Breaks Key Resistance, Pound Soars on Carney

USD/CAD Bullish Outlook Unravels as BoC Declares Mission Accomplished

USD/CAD is quickly approaching the 2017-low (1.2964) as Bank of Canada (BoC) Governor Stephen Poloz shows a greater willingness to move away from the easing-cycle.


USD/CAD Bullish Outlook Unravels as BoC Declares Mission Accomplished

GBP Soars as BOE’s Carney Lights the Monetary Touchpaper

The British Pound jumped sharply after BOE governor Mark Carney said that some removal of monetary stimulus may become necessary.


GBP Soars as BOE’s Carney Lights the Monetary Touchpaper

Euro Bulls Remain Active as ECB Tries to Temper the Trend

Euro bulls continue to push the currency higher, even after an attempt at clarificaiton of yesterday's Draghi comments. Meanwhile, Mark Carney may have brought out a driver that could bring bullish continuation in the British Pound.


Euro Bulls Remain Active as ECB Tries to Temper the Trend

GBP/USD Technical Analysis: Bullish Reversal Brings post-Election Highs

The British Pound has caught a bid as the Dollar sell-off drives deeper, but is this a move that has continuation potential and if so, how should traders look to handle it?


GBP/USD Technical Analysis: Bullish Reversal Brings post-Election Highs

DXY Sinks into Yearly Lows with EUR/USD at Fresh Highs

The DXY Index has traded to its lowest levels since June FOMC meeting after ECB President Draghi issued hawkish commentary on inflation.


DXY Sinks into Yearly Lows with EUR/USD at Fresh Highs

EUR/USD Technical Analysis: Euro Soars to 12-Month High

The Euro has shot sharply higher after a month of consolidation in a choppy range, rising to the highest level in a year against the US Dollar.


EUR/USD Technical Analysis: Euro Soars to 12-Month High

Asian Markets Mostly Lower As Wall Street Weakness Weighs

Asian investors couldn’t get past a feeble Tuesday finish for US stocks in a session which offered little domestic news. The ASX 200 managed gains.


Asian Markets Mostly Lower As Wall Street Weakness Weighs

Japanese Yen May Extend Rebound as Risk Appetite Sours

The Japanese Yen may continue higher having launched a recovery in Asian trade as souring sentiment boosts demand for the perennially anti-risk currency.


Japanese Yen May Extend Rebound as Risk Appetite Sours

Japanese Yen Will Face Headwinds If Abe Breaks His Fiscal Bonds

The Japanese Yen market paid little attention to a wire report that the country’s Prime Minister would like to reduce key fiscal constraints. That will change if he does.


Japanese Yen Will Face Headwinds If Abe Breaks His Fiscal Bonds

Crude Oil Price Recovery May Unravel on EIA Inventory Data

Crude oil prices seem to be struggling to sustain a tepid recovery from ten-month lows. The weekly set of EIA inventory flow statistics may bring outright capitulation.


Crude Oil Price Recovery May Unravel on EIA Inventory Data

Yellen, IMF and Senate Unnerve More than the Dollar and Dow

Assumptions of stable markets with a modest appetite for adding to risk amid the Summer Doldrums was shaken this past session.


Yellen, IMF and Senate Unnerve More than the Dollar and Dow

US Dollar Extends Drop As IMF Lowers US Economic Growth Forecast

The US Dollar extended its decline through Tuesday’s session on news the International Monetary Fund (IMF) reduced its outlook for the United States’ economy because of policy uncertainty.


US Dollar Extends Drop As IMF Lowers US Economic Growth Forecast

US Dollar, Equities Fall After Yellen Calls Stock Valuations ’Rich’

The US Dollar slid along with equities as Federal Reserve Chairwoman Janet Yellen made her first public remarks since the US central bank raised rates on June 14.


US Dollar, Equities Fall After Yellen Calls Stock Valuations ’Rich’

Yuan Gains on Chinese Premier Li’s Talk; Eyes Resistance ahead of PMI

The USD/CNH is testing the upper bound of a downward trend.


Yuan Gains on Chinese Premier Li’s Talk; Eyes Resistance ahead of PMI

Euro Pops as the Dollar Drain Drives Deeper

The Dollar has had a difficult time trying to catch a lasting bid, and after comments from Mario Draghi earlier this morning, the Euro has run up to a fresh 10-month high.


Euro Pops as the Dollar Drain Drives Deeper

NZD/USD: Has the Rally Finally Peaked?

Kiwi has responded to technical resistance, highlighting the risk for a near-term corrective pullback. Here are the updated targets & invalidation levels that matter.


NZD/USD: Has the Rally Finally Peaked?

Crude Oil Price Forecast: WTI Bounces From Technical Danger Zone

Crude Oil has bounced above $44 in hopes the worst is behind though rising supply likely remains a persistent concern with clear chart levels in focus.


Crude Oil Price Forecast: WTI Bounces From Technical Danger Zone

EUR/USD Extends Bullish Series as ECB’s Draghi Softens Dovish Tone

EUR/USD extends the bullish sequence carried over from the previous week as European Central Bank (ECB) President Mario Draghi adopts a less-dovish tone.


EUR/USD Extends Bullish Series as ECB’s Draghi Softens Dovish Tone

USD/JPY Price Analysis: 5-Week High On Persistent Yen Weakness

USD/JPY price looks like a Bull again on Tuesday’s move above 112 and a persistently weak JPY. Yen longs losing stronghold.


USD/JPY Price Analysis: 5-Week High On Persistent Yen Weakness

USD/CAD Price May Resume Decline as Oil Price, Commodities Stabilize

The Canadian Dollar has shaken off the weak CPI for Friday, and now awaits a dual between Janet Yellen & Stephen Poloz for the go-ahead to strengthen further.


USD/CAD Price May Resume Decline as Oil Price, Commodities Stabilize

DailyFX European Market Wrap: Draghi Breathes Life into the Euro

ECB president Mario Draghi tells the market he’s “confident” the European Central Bank is using the right tools to keep inflationary pressure up.


DailyFX European Market Wrap: Draghi Breathes Life into the Euro

Euro, Pound Test Resistance as Dollar Drain Drives Deeper

The bearish run in the Dollar continues after a recent rejection at resistance. With Fed Chair Janet Yellen set to speak at 1 PM ET today, expect volatility to continue into the afternoon.


Euro, Pound Test Resistance as Dollar Drain Drives Deeper

EUR/GBP Looks Set for Further Gains

EURGBP has the potential to push even higher after ECB’s Draghi adds some impetus.


EUR/GBP Looks Set for Further Gains

Gold, Silver Spike into Support, Crude at Resistance, Indices Seek Support

In this webinar, we took a look at the spike-day in precious metals, the still bearish crude oil price action, and indices trying to hold onto support.


Gold, Silver Spike into Support, Crude at Resistance, Indices Seek Support

Euro Rallies on Draghi Commentary; Dollar Waits on Yellen

The DXY Index has traded to its lowest levels since June FOMC meeting after ECB President Draghi issued hawkish commentary on inflation.


Euro Rallies on Draghi Commentary; Dollar Waits on Yellen

Bank of England Confirms Brexit Contingency Planning Underway

The Bank of England has reiterated that it is overseeing contingency planning to mitigate possible risks to financial stability as the UK withdraws from the EU.


Bank of England Confirms Brexit Contingency Planning Underway

Gold Price Spike Drives Silver into Support, Rebound Underway

Yesterday's "fat finger" spike in gold pushed silver into double trend-line support before reversing; sets up for a rebound in the near-term.


Gold Price Spike Drives Silver into Support, Rebound Underway

Bullish Signals Pointing to Crude Oil Price Recovery

Technical and positioning data are pointing to a breakout to the upside from a downward-sloping channel on the crude oil price chart.


Bullish Signals Pointing to Crude Oil Price Recovery

EUR/USD Retains Bullish Sequence Ahead of US Confidence, Yellen Speech

Another downtick in the U.S. Consumer Confidence survey may open up the topside targets for EUR/USD as it drags on interest-rate expectations.


EUR/USD Retains Bullish Sequence Ahead of US Confidence, Yellen Speech

FTSE 100 Treading Water as Support and Time on Collision Course

The footsie is struggling to find buyers at key area of support, an interesting point in time is nearly upon us.


FTSE 100 Treading Water as Support and Time on Collision Course

AUD/USD Technical Analysis: Eyeing June Top Once Again

The Australian Dollaris attempting to rebuild upside momentum against its US namesake after a short-lived pullback found support above the 0.75 figure once again.


AUD/USD Technical Analysis: Eyeing June Top Once Again

NZD/USD Technical Analysis: Monthly High Back in Play

The New Zealand Dollar is once again testing familiar resistance above the 0.73 figure marking a five-month high against its US counterpart.


NZD/USD Technical Analysis: Monthly High Back in Play

Asia Equity Mixed As Oil Gains, Yellen Comments Loom

Asian markets lacked overall direction once again Tuesday despite plentiful local interest. Investors await the Fed Chair who will speak later in London


Asia Equity Mixed As Oil Gains, Yellen Comments Loom

Pound May Turn Volatile on FSR Release, US Dollar Eyeing Yellen

The British Pound may turn volatile as the Bank of England releases the latest edition of its Financial Stability Report (FSR). The US Dollar is eyeing a speech form Fed Chair Yellen.


Pound May Turn Volatile on FSR Release, US Dollar Eyeing Yellen

Australian Dollar Gains as China’s Li Upbeat at ’Sumer Davos’

The Australian Dollar continued to gain on Tuesday after Chines Premier Li Keqiang stood up for globalization once again and urged other nations to do the same.


Australian Dollar Gains as China’s Li Upbeat at ’Sumer Davos’

Gold Price Drop Blamed on Fat Finger, Yellen Speech Now in Focus

Gold prices sank to a six-week low in a move blamed on a “fat finger” error. Traders now look to a speech from Fed Chair Janet Yellen to establish direction cues.


Gold Price Drop Blamed on Fat Finger, Yellen Speech Now in Focus

Australian Dollar Holds Up As China’s Industrial Profits Grow

The Australian Dollar didn’t get much of a lift following news of perky Chinese industrial profits, but it did get up to its session highs in the aftermath of the numbers


Australian Dollar Holds Up As China’s Industrial Profits Grow

VIX Drops 10 Though Dow Doesn’t Rally, Yellen Keeps Monetary Policy Focus

Global equities proved to have the hardest time Monday for making another go at fresh multi-year and record highs.


VIX Drops 10 Though Dow Doesn’t Rally, Yellen Keeps Monetary Policy Focus

Nikkei 225 Technical Analysis: Topping Out or Pushing On?

The Nikkei 225 remains just within its major uptrend channel of the moment, but the top of that channel has been bare for a long time and needs to see some more action.


Nikkei 225 Technical Analysis: Topping Out or Pushing On?

New Zealand Dollar Slips As Stronger Imports Hit Trade Balance

The New Zealand Dollar got an early jolt in Tuesday’s Asian session as an unexpected rise in imports weighed heavily on its home country’s trade balance.


New Zealand Dollar Slips As Stronger Imports Hit Trade Balance

S&P Remains a Buy, though Risk of Reversal has Grown

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


S&P Remains a Buy, though Risk of Reversal has Grown

Australian Dollar Forecast may Shift Given Key Change in Sentiment

Recent changes in sentiment warn we may be at the beginning of a trend change in the AUDUSD. We would need to see a larger build in ‘crowd’ buying to confirm that the Australian Dollar has indeed turned lower.


Australian Dollar Forecast may Shift Given Key Change in Sentiment

Gold Price Forecast to Fall Further on Key Sentiment Shift

Positioning is less net-long than yesterday but more net-long from last week. We nonetheless view that the broader shift towards Gold buying gives clear contrarian signal that Gold Prices may continue lower.


Gold Price Forecast to Fall Further on Key Sentiment Shift

US Dollar may Rally Further versus Japanese Yen

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


US Dollar may Rally Further versus Japanese Yen

British Pound Likely to Stick to Narrow Trading Range

The larger trend paints a mixed picture for near-term price action in the GBP/USD. And indeed, current sentiment suggests the British Pound may continue to trade sideways through the foreseeable future.


British Pound Likely to Stick to Narrow Trading Range

Euro Forecast to Continue Higher versus US Dollar 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. Yet traders are less net-short than yesterday and compared with last week. We would ideally see a further build in short positions before taking a more firm bullish stance.


Euro Forecast to Continue Higher versus US Dollar until this Changes

Near-term Setups in USD/JPY, USD/CAD & NZD/USD

Here's an update on the setup's I’ll be tracking and levels to know heading into the close of the month.


Near-term Setups in USD/JPY, USD/CAD & NZD/USD

DJIA and Gold Prices May Correct Lower

DJIA trades near highs, but is at risk of a correction lower through the Elliott Wave flat pattern. We anticipate gold's correction to hold above $1122.


DJIA and Gold Prices May Correct Lower

Long EUR/USD, Short GBP/USD

The U.S. Dollar appears to be at a crucial point as we open a week with a plethora of USD-drivers. These setups look to capitalize on a move in the Greenback by hedging around the U.S. Dollar.


Long EUR/USD, Short GBP/USD

Brexit Briefing: After DUP Deal, Attention Turns to Queen’s Speech Debate

UK Prime Minister Theresa May agreed a deal Monday with Northern Ireland’s Democratic Unionist Party that should give her the Parliamentary majority necessary to pass her Brexit legislation.


Brexit Briefing: After DUP Deal, Attention Turns to Queen’s Speech Debate

European Markets Up on Positive News Headlines

German businesses are feeling more positive than ever, according to today’s release of the closely watched Ifo business survey.


European Markets Up on Positive News Headlines

USD/JPY Breakout Attempt Stalls, Fed Rhetoric in Focus

Lackluster data prints coming out of the U.S. economy may keep USD/JPY in a narrow range as market participants mull the timing of the next Fed rate-hike.


USD/JPY Breakout Attempt Stalls, Fed Rhetoric in Focus

Strategy Webinar: Monthly Close Setups– Commodities, FX Majors in Focus as USD Struggles

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


Strategy Webinar: Monthly Close Setups– Commodities, FX Majors in Focus as USD Struggles

U.S. Dollar Bearish Channel Persists as Heavy Week of Drivers Begins

This week brings a plethora of drivers to markets, and the bar is rather high for the longer-term bearish trend in the U.S. Dollar to see a reversal. Long EUR/USD can be particularly attractive for short-USD plays.


U.S. Dollar Bearish Channel Persists as Heavy Week of Drivers Begins

Chicago Fed Index Points to Slower US Growth in May

The Chicago Fed National Activity Index has fallen back, suggesting slower economic growth in the US last month.


Chicago Fed Index Points to Slower US Growth in May

Webinar: FX Week Ahead: Stacked US Economic Calendar; Key Global Inflation Data Due

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: Stacked US Economic Calendar; Key Global Inflation Data Due

NZDUSD Short at Market Off Upper Parallels

NZDUSD looking headed lower on stalling momentum at a pair of upper parallels; risk/reward favorable.


NZDUSD Short at Market Off Upper Parallels

Gold Prices Slide to New Monthly Low as Week Opens on a Confident Foot

The slide in Gold prices continues as budding confidence has further driven the risk trade.


Gold Prices Slide to New Monthly Low as Week Opens on a Confident Foot

US Dollar Heads into Barrage of Economic Data This Week

A supersaturated economic calendar has the chance to breath life into the dejected US Dollar.


US Dollar Heads into Barrage of Economic Data This Week

COT: Euro Large Specs Sell, New Zealand Dollar Long Position at Multi-year High

Euro large speculators net sellers for first time in two months, NZD traders ramp position to largest in over four years, while crude oil traders dump contracts for second week.


COT: Euro Large Specs Sell, New Zealand Dollar Long Position at Multi-year High

Gold Prices Dip, But Pattern Incomplete to Upside

The higher probability Elliott Wave models suggest the up trend that began December 2016 is incomplete. We are looking to buy a dip back towards $1230 and possibly as low as $1180.


Gold Prices Dip, But Pattern Incomplete to Upside

DAX Turning Higher from Key Area of Support

The DAX attempted to breakdown below eyed line of support on Friday, but held and continues to hold a bid.


DAX Turning Higher from Key Area of Support

British Pound Gains as Markets Eye FSR Release, Carney Presser

The British Pound traded broadly higher against its major counterparts at the start of the trading week as markets eyed the upcoming BOE Financial Stability Report.


British Pound Gains as Markets Eye FSR Release, Carney Presser

Asian Stocks Gain Despite Oil-Price Rise, Many Markets Shut

Asian Stocks were broadly higher as Monday’s session wound down, if not by much. The US Dollar was weaker as rate increases this year are increasingly priced out


Asian Stocks Gain Despite Oil-Price Rise, Many Markets Shut

Crude Oil Price Bounce Threatens Near-Term Down Trend

Crude oil prices are threatening to overturn the near-term down trend in play since late May after rebounding from a ten-month low last week.


Crude Oil Price Bounce Threatens Near-Term Down Trend

Japanese Yen Ticks Down, BoJ Opinions Show Stimulus Will Stay

The Japanese Yen slipped a bit on news that Bank of Japan rate setters judged current monetary settings the only way to ever hit their inflation target.


Japanese Yen Ticks Down, BoJ Opinions Show Stimulus Will Stay

AUD/USD Aims for 77 Cents

Our Elliott Wave models suggest the next big move continues to be higher for AUD/USD.


AUD/USD Aims for 77 Cents

USD/JPY Advances in Impulses and Corrects in Three’s

The previous four cycles of advances have been impulsive while correcting in three's. This is a bullish symptom and we are anticipating a three wave partial retracement.


USD/JPY Advances in Impulses and Corrects in Three’s

Dollar Rise Cut Short, Bitcoin Volatility Cools, Oil Bear Trend In Doubt

One thing is clear: if we expect big moves from these markets, we will need something to catalyze volatility or fuel trend.


Dollar Rise Cut Short, Bitcoin Volatility Cools, Oil Bear Trend In Doubt

S&P 500, Oil, VIX - Trade the Market You Have Not the One You Want

Clear breakouts with strong follow through and persistent trends represent some of the best trading conditions.


S&P 500, Oil, VIX - Trade the Market You Have Not the One You Want

Weekly Trading Forecast: Where Will the Dollar, Equities and Oil Find Their Next Moves?

Volatility has cooled substantially this past week, but the wheels of fundamentals continue to turn with the leaders of all the major central banks due to weigh in on monetary policy in the week ahead.


Weekly Trading Forecast: Where Will the Dollar, Equities and Oil Find Their Next Moves?

EURUSD Respects Support, Rally Back to 11300 in Store

Key support held last week, looking for higher prices towards recent resistance; low implied volatility points to subdued price movement expectations.


EURUSD Respects Support, Rally Back to 11300 in Store

Major Global Indices Need to Prove Themselves Early This Week

We have a light economic calendar in the week ahead, but that doesn’t mean we won’t see some volatility with several major indices at critical junctures.


Major Global Indices Need to Prove Themselves Early This Week

Crude Oil Collapses into Bear Market Territory

Crude Oil prices were dealt another blow this week, even with global supplies showing contraction.


Crude Oil Collapses into Bear Market Territory

Australian Dollar May Find Path Of Least Resistance Leads It Down

The Australian Dollar needn’t fall far against the greenback in the coming seven days. However, it looks short of fundamental reasons to gain and is carrying some heavy baggage.


Australian Dollar May Find Path Of Least Resistance Leads It Down

British Pound: Expect Choppy, Sideways Trading

The past week was expected to be all about the Government’s legislative program and Brexit, as Theresa May went to Brussels to begin the divorce proceedings.


British Pound: Expect Choppy, Sideways Trading

Euro May Fall on Soft Inflation, Dovish Draghi Comments

The Euro may decline as soft inflation and dovish comments from ECB President Draghi dim hopes for near-term reduction in the scale of monetary stimulus.


Euro May Fall on Soft Inflation, Dovish Draghi Comments

S&P 500, Oil, VIX - Trade the Market You Have Not the One You Want

One thing is clear: if we expect big moves from these markets, we will need something to catalyze volatility or fuel trend.


S&P 500, Oil, VIX - Trade the Market You Have Not the One You Want

What You Should Know About The Fed’s Planned Balance Sheet Reduction

There is a lot of confusion about the “reduction” of the Federal Reserve’s $4.5T Balance sheet that has ballooned from $880B before the crisis. Now that the Fed has a plan, here’s what to watch for.


What You Should Know About The Fed’s Planned Balance Sheet Reduction

Market Wrap: Pound Volatility Stoked by BoE and Brexit Chatter

An round of BoE headlines and progress on Brexit discussions have kept the Pound busy.


Market Wrap: Pound Volatility Stoked by BoE and Brexit Chatter

US PMIs Miss Expectations, Point To Slower Economic Growth

The US purchasing managers’ indexes for June came in below expectations, weakening the Dollar against the Euro.


US PMIs Miss Expectations, Point To Slower Economic Growth

US Dollar: Chasing A Bounce Could Be Expensive Below Election Gap

The Dollar Index has rebounded to the relief of Bulls, but the price remains below medium-term resistance and could be setting up for a new decline.


US Dollar: Chasing A Bounce Could Be Expensive Below Election Gap

Canadian Dollar Slammed by Weak CPI, RSI Threatens Bearish Formation

The Canadian dollar struggles to hold its ground as the region’s Consumer Price Index (CPI) highlights subdued price growth and drags on interest-rate expectations.


Canadian Dollar Slammed by Weak CPI, RSI Threatens Bearish Formation

Technical Outlook: US Dollar, Gold Price, Crude Oil, DAX & More

In this webinar, we primarily focused on FX, but also discussed the current relationship between gold and the US dollar.


Technical Outlook: US Dollar, Gold Price, Crude Oil, DAX & More

USD/JPY Technical Analysis: Price Stalls At Long-Term Resistance

USD/JPY has moved into long-term trend resistance, but the 2017 trend is clear. There are few key points on the charts to watch to see if the tide is turning.


USD/JPY Technical Analysis: Price Stalls At Long-Term Resistance

Forex Webinar: Euro-Zone PMIs Miss Expectations, Euro Steady

In this webinar we discuss trade setups in the Euro and other assets before and after the release of a slightly disappointing set of purchasing managers’ indexes for the Euro-Zone.


Forex Webinar: Euro-Zone PMIs Miss Expectations, Euro Steady

Lackluster Canada Consumer Price Index (CPI) to Fuel USD/CAD Recovery

A slowdown in Canada’s Consumer Price Index (CPI) may fuel a near-term recovery in USD/CAD as it encourages the BoC to keep the key interest rate at the record-low.


Lackluster Canada Consumer Price Index (CPI) to Fuel USD/CAD Recovery

FTSE 100 Trying to Keep its Footing on Major Support

The footsie is thoroughly testing a major area of support again, and with repeated attempts to push below it may soon break.


FTSE 100 Trying to Keep its Footing on Major Support

Asian Stock Markets Mixed, Narrow As Battered Oil Prices Steady

Asian markets endured a lackluster end to the week’s trading. Some composure for oil prices meant very marginal gains for the Nikkei and the ASX 200


Asian Stock Markets Mixed, Narrow As Battered Oil Prices Steady

Technical Analysis: Japanese Yen Looks Well Placed vs. USD, GBP

The Japanese Yen has seen both the US Dollar and even the British Pound break higher against it recently, but neither development looks set to last.


Technical Analysis: Japanese Yen Looks Well Placed vs. USD, GBP

Japanese Yen, Nikkei 225 Little Moved as Manufacturing Growth Slows

The Japanese Yen was little changed following a downshift in the country’s manufacturing PMI from 53.1 to June’s 52.0 reading – a throttled pace of expansion through the end of the second quarter.


Japanese Yen, Nikkei 225 Little Moved as Manufacturing Growth Slows

Mexican Peso Strengthens After Banxico Lifts Rates, Inflation Soars

The Mexican Peso gained against its major counterparts as the Bank of Mexico extended their tightening cycle and raised the key interest rates for the seventh consecutive time to 7.00%.


Mexican Peso Strengthens After Banxico Lifts Rates, Inflation Soars

Oil Price Slide Triggers USD/CAD Reversal, PMIs to Pace Growth

It is difficult to override universal market forces. Risk trends have cemented the sense of complacency riff throughout the global financial system with choppy advance to multi-year or record highs for the most speculative assets and a steady deflating of the already grounded volatility measures.


Oil Price Slide Triggers USD/CAD Reversal, PMIs to Pace Growth

USD/CAD Technical Analysis: Basing or Retracing? That is the Question

The Canadian Dollar has caught a cold from the downturn in Crude Oil. However, weak Oil prices may be a short-term deterrent to a developing CAD Bull-trend.


USD/CAD Technical Analysis: Basing or Retracing? That is the Question

Tier-1 Canadian CPI May Force BoC’s Hand And Boost CAD Higher

Friday’s CPI data in Canada could allow the Canadian Dollar to become the strongest G10 currency on possible BoC hike.


Tier-1 Canadian CPI May Force BoC’s Hand And Boost CAD Higher

EUR/USD Risks Further Losses as COT Points to Stretched Positioning

Euro remains vulnerable heading into the close of the month as sentiment pulls back from recent extremes. Here are the updated targets & invalidation levels that matter.


EUR/USD Risks Further Losses as COT Points to Stretched Positioning

European Equities Drop for Third Straight Day

European stock markets fall for a third straight day with oil prices hovering near their seven-month lows.


European Equities Drop for Third Straight Day

USD/CAD Rebound Unravels, Eyes June-Low Ahead of Canada CPI

The near-term rebound in USD/CAD may continue to unravel as the pair fails to retain the bullish sequence from earlier this week.


USD/CAD Rebound Unravels, Eyes June-Low Ahead of Canada CPI

Euro-Zone Consumer Confidence Continues to Improve

Consumer confidence in the Euro-Zone perked up in June, according to a ‘flash’ estimate by the European Commission.


Euro-Zone Consumer Confidence Continues to Improve

Webinar: Central Bank Weekly: RBNZ Can’t Stop NZD; US Econ Impact on FOMC, USD

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: RBNZ Can’t Stop NZD; US Econ Impact on FOMC, USD

DXY (USD) is Working on a Key Support Zone - Will Bulls Respond?

The U.S. Dollar has had a very rough 2017, but this is directly-counter to the bullish run that started in 2014. Are we on the verge of seeing a return of the longer-term bullish trend in the Greenback?


DXY (USD) is Working on a Key Support Zone - Will Bulls Respond?

Becoming a Better Trader: Reasons Traders Fail

In this webinar, we discussed five major reasons why traders fail and suggestions on how to avoid these pitfalls.


Becoming a Better Trader: Reasons Traders Fail

Euro’s Bull Trend Hits Pause; Dollar Waits on Fed Speakers

Sliding economic data momentum is weighing against the Euro and the US Dollar equally right now


Euro’s Bull Trend Hits Pause; Dollar Waits on Fed Speakers

Falls in US Crude Oil Price Could Accelarate as Bears Take Charge

The price of US crude oil has been falling fast and that downward trend could accelerate in the days ahead.


Falls in US Crude Oil Price Could Accelarate as Bears Take Charge

DAX – Failed Breakout Dents Bullish Tone, but Still Supported for Now

The Tuesday 'gap-n-trap' puts brakes on trade outside of ascending wedge, needs to hold here to not reverse the pattern; risk/reward favors would-be longs here at support.


DAX – Failed Breakout Dents Bullish Tone, but Still Supported for Now

Ethereum Plunge Highlights Crypto-Currency Fears

Digital currency crashes on multi-million USD sell-order.


Ethereum Plunge Highlights Crypto-Currency Fears

Asian Stock Markets Close Mixed As Oil Prices’ Struggle Goes On

Asian equity endured varying fortunes with the focus very much on crude prices. They carried on falling despite news overnight that US inventories had slipped


Asian Stock Markets Close Mixed As Oil Prices’ Struggle Goes On

US Dollar Continues To Slide Vs Yen Despite Dovish Iwata

The US Dollar continued its meander down from Tuesday’s peaks despite comments from the Bank of Japan Deputy Governor which reaffirmed his support for loose monetary policy.


US Dollar Continues To Slide Vs Yen Despite Dovish Iwata

Technical Analysis: ASX 200 Tests Its Crucial Prop One Again

The ASX 200 is sandwiched ever-more-narrowly between key support and a downtrend in place since early May. One of these has to break, probably soon


Technical Analysis: ASX 200 Tests Its Crucial Prop One Again

EUR/USD Reversal Stalls but USD/CAD’s Continues Thanks to Oil

If we are in the midst of a Summer Lull in trading, Wednesday was arguably the eye of that storm. Not only does it align nicely with the summer solstice and in the middle of the calendar year's quietest trading month, it was extremely light in event risk.


EUR/USD Reversal Stalls but USD/CAD’s Continues Thanks to Oil

NZ Dollar Gains as RBNZ Hold Rates and Removes Prior Neutral Tone

The New Zealand Dollar gained as the RBNZ held rates unchanged as expected and removed a neutral tone for the stance of monetary policy mentioned in May’s decision.


NZ Dollar Gains as RBNZ Hold Rates and Removes Prior Neutral Tone

China Gains Power to Impact Capital Flows in Asia after MSCI’s Inclusion

MSCI’s approval on Chinese A-shares will have long-lasting impact to China, as well as its Asian counterparts.


China Gains Power to Impact Capital Flows in Asia after MSCI’s Inclusion

GBP Whiplash Resumes on BoE Economist Forecast, Oil Dive Continues

GBP Volatility resumes on prediction from BoE Chief Economist Haldane predicting a high probability rate hike in 2018; Oil remains in freefall.


GBP Whiplash Resumes on BoE Economist Forecast, Oil Dive Continues

Gold Prices Slide into Swing Support

Gold prices continue to head-lower, but after two days of swing support, traders may be near a bearish re-entry setup should lower-high resistance begin to show.


Gold Prices Slide into Swing Support

GBP/USD Snaps Back Amid Growing Rift at BoE; Bearish Sequence Intact

GBP/USD snapped back amid signs of a growing rift at the BoE, but the pair remains at risk for further losses as it retains the bearish sequence from earlier this week.


GBP/USD Snaps Back Amid Growing Rift at BoE; Bearish Sequence Intact

USD/CHF Technical Analysis: Trend-Line Support as New Resistance

Swissy broke below a huge zone of support that included a long-term, bullish trend-line. But we're now seeing that trend-line show as resistance, and this can open the door for bearish strategies.


USD/CHF Technical Analysis: Trend-Line Support as New Resistance

GBP/JPY Technical Analysis: May’s Support is Now Resistance

GBP/JPY has volleyed around a key set of support/resistance levels, but after this morning's bullish move has been partially faded, the door remains open for bearish continuation.


GBP/JPY Technical Analysis: May’s Support is Now Resistance

NZD/USD Sentiment at Extremes Ahead of RBNZ- Levels to Know

Kiwi retail sentiment is extremely one-sided heading into tonight’s RBNZ interest rate decision. Here are the updated targets & invalidation levels that matter.


NZD/USD Sentiment at Extremes Ahead of RBNZ- Levels to Know

EUR/JPY Technical Analysis: Bull Flag Break Opens Door for Continuation

The Euro has remained resilient through another dovish ECB meeting, and with Yen weakness beginning to show again, EUR/JPY posed a bullish breakout of a bull flag formation.


EUR/JPY Technical Analysis: Bull Flag Break Opens Door for Continuation

Sterling Jumps on Haldane’s Hawkish Commentary

The Queen Speech takes center stage this Wednesday calling for a "smooth and orderly" departure from the EU.


Sterling Jumps on Haldane’s Hawkish Commentary

NZD/USD at Risk for Further Losses on Wait-and-See RBNZ

The RBNZ interest rate decision may weigh on NZD/USD as the central bank is widely anticipated to keep the official cash rate at the record-low of 1.75%.


NZD/USD at Risk for Further Losses on Wait-and-See RBNZ

Webinar: Weekly Trading Q&A: USD Looks to Rally; NZD Weak Around RBNZ

DailyFX Senior Currency Strategist Christopher Vecchio outlines trade setups in NZD-crosses ahead of the RBNZ rate decision.


Webinar: Weekly Trading Q&A: USD Looks to Rally; NZD Weak Around RBNZ

Oil Crumbles, Cable Reverses and the Dollar Continues with Bullish Structure

Oil prices have been on the move and some relevant commentary from the BoE's Chief Economist is keeping Cable volatile. As the Dollar continues to build a bullish base, might this bring complications to the sell-offs in Oil and GBP/USD?


Oil Crumbles, Cable Reverses and the Dollar Continues with Bullish Structure

Brexit Briefing: GBP Reacts to CB Talk as the Queen Speaks

The Queen’s Speech opens Parliament but BoE’s Haldane hawkish talk drives GBP higher.


Brexit Briefing: GBP Reacts to CB Talk as the Queen Speaks

USD Waits for Fed Speakers; NZD Vulnerable to RBNZ

Fed speakers have lifted the US Dollar the past two days; the greenback looks to four more on Thursday and Friday.


USD Waits for Fed Speakers; NZD Vulnerable to RBNZ

Technical Outlook: US Dollar, EUR & GBP Crosses, Gold & More

In this webinar, we focused on the US dollar at key resistance, weak euro and sterling cross-rate price action, gold, and indices.


Technical Outlook: US Dollar, EUR & GBP Crosses, Gold & More

Silver Price Outlook: Gold, USD Strong Inverse Correlation and in Confluence

Precious metals at or near support, and with correlation and confluence with the US dollar in place, bounce-risk in play.


Silver Price Outlook: Gold, USD Strong Inverse Correlation and in Confluence

IG Client Sentiment - GBPUSD Post BOE, NZDUSD Heading Into RBNZ

Retail trader data shows 58 percent of traders are net-long the GBP/USD flipping net to a net bullish position following dovish a post-BoE Governor Carney Sterling slide. Meanwhile, NZD/USD sports an extreme net short interest heading into tomorrow’s RBNZ rate decision.


IG Client Sentiment - GBPUSD Post BOE, NZDUSD Heading Into RBNZ

EUR/JPY Strategy: Down Trend May Be Resuming After Bounce

The Euro put in a bearish Dark Cloud Cover candlestick pattern after testing critical resistance, hinting a move lower against the Japanese Yen may be ahead.


EUR/JPY Strategy: Down Trend May Be Resuming After Bounce

Yen Aims to Extend Gains, Pound Focus Shifts Back to Politics

The Japanese Yen is aiming to extend gains as investors’ mood sours. The reopening of the UK Parliament will see the British Pound focused on politics anew.


Yen Aims to Extend Gains, Pound Focus Shifts Back to Politics

FTSE 100 Further Develops Range on Sharp Turn Lower

The footsie was sold aggressively on approach of key line of resistance, bringing big support into view with a bit more weakness.


FTSE 100 Further Develops Range on Sharp Turn Lower

Asian Stocks Slide As Investors Eye Falling Oil Prices

Asian equity markets were under a little pressure, despite the inclusion of Chinese shares in the key MSCI indexes, as oil prices wilted still further


Asian Stocks Slide As Investors Eye Falling Oil Prices

Volatility May Be Low but Participation Remains Extraordinarily High

Traders spend a considerable amount of analysis time plotting out their forecasts for activity (volatility) and turnover (volume) - and for good reason.


Volatility May Be Low but Participation Remains Extraordinarily High

Japanese Yen Slips Fleetingly After BOJ Minutes Stick To Script

The Japanese Yen came under very modest pressure following the release of minutes from the Bank of Japan that showed a central bank in no hurry at all to tighten policy.


Japanese Yen Slips Fleetingly After BOJ Minutes Stick To Script

Dollar On Technical Verge of Reversal, SPX Further to Go, RBNZ Ahead

The benchmarks of the capital and currency markets are digging into counter-trend moves. How much conviction should we expect from these early developments against the expectations of seasonal illiquidity?


Dollar On Technical Verge of Reversal, SPX Further to Go, RBNZ Ahead

Yuan Gains as MSCI Accepts China A-Shares After 3 Years of Denial

The Chinese Yuan gained against its major counterparts after MSCI ruled to include 222 Chinese A-shares in its emerging market index after 3 years of rejection.


Yuan Gains as MSCI Accepts China A-Shares After 3 Years of Denial

Dow Jones Industrial Average Struggle to Hold the Gap Higher

The Elliott Wave model we are following in DJIA calls for a mild retracement back towards 20,440 before embarking upon a quest for a new high.


Dow Jones Industrial Average Struggle to Hold the Gap Higher

Carney Quiets Rate Hike Talk Taking Sterling Lower, Oil at 2017 Lows

The US Dollar remained supported, but Oil slid into bear market territory while Cable plunged below the 100-DMA as Carney provided plenty of doubt to hawks.


Carney Quiets Rate Hike Talk Taking Sterling Lower, Oil at 2017 Lows

Trade or Fade, USD Strength: Euro, GBP, JPY Price Action Setups

Dollar strength continues to show - but how much longer might this theme stay relevant? In this webinar, we looked at price action setups on both sides of the U.S. Dollar.


Trade or Fade, USD Strength: Euro, GBP, JPY Price Action Setups

Loonie Slides as Crude Dives- USDCAD Recovery Eyes Resistance

A reversal just ahead of key support last week has the recovery now eyeing areas of interest for re-entry. Here are the updated targets & invalidation levels that matter.


Loonie Slides as Crude Dives- USDCAD Recovery Eyes Resistance

GBP Battered by Dovish BoE Governor Carney; S&P Fires Warning Shot

GBP/USD struggles to hold its ground as Bank of England (BoE) Governor Mark Carney argues now is ‘not the time to begin’ normalizing monetary policy.


GBP Battered by Dovish BoE Governor Carney; S&P Fires Warning Shot

Sterling Drops to One-Week Low

Sterling falls to a one-week low after the Bank of England Governor Mark Carney said now is not the time to raise rates.


Sterling Drops to One-Week Low

USD Strength, Trade or Fade: Setups in Euro, GBP and JPY

The U.S. Dollar remains relatively strong after last week's rate hike, and in this article, we look at a variety of setups on either side of this recent theme of strength.


USD Strength, Trade or Fade: Setups in Euro, GBP and JPY

Webinar: DailyFX European Desk Round Table: Why is GBP Still a Sell after the BOE?

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: Why is GBP Still a Sell after the BOE?

GBP/USD Technical Analysis: The British Pound Breakdown

As we came into June, it looked as though GBP might have bullish potential. But a lot has changed in two weeks, and the bears have re-grasped control of GBP price action.


GBP/USD Technical Analysis: The British Pound Breakdown

Sterling Sinks as Carney Culls Hopes of BOE Rate Hike

GBP/USD is back near post-UK election lows after BOE Governor Carney's Mansion House speech this morning.


Sterling Sinks as Carney Culls Hopes of BOE Rate Hike

Gold and Crude Oil Still Looking Lower; S&P 500, DAX Higher

In this webinar, we discussed the technical landscape of several commodities and equity indices.


Gold and Crude Oil Still Looking Lower; S&P 500, DAX Higher

UK Inflation Seen Peaking At 3%: Bloomberg Survey

UK inflation is expected to peak at 3% in the fourth quarter of this year, according to a Bloomberg survey of 51 economists.


UK Inflation Seen Peaking At 3%: Bloomberg Survey

DAX – Breakout from Ascending Wedge Points to Higher Prices

The German index is treading in record territory on breakout of ascending wedge; higher prices expected but resistance does exist even at record highs.


DAX – Breakout from Ascending Wedge Points to Higher Prices

British Pound Tumbles After Carney Rules Out UK Rate Rise

The British Pound fell sharply and UK government bond yields dropped after Bank of England Governor Mark Carney said now is not the time to raise UK interest rates.


British Pound Tumbles After Carney Rules Out UK Rate Rise

Asian Stocks Mixed Despite Strong Wall St Lead, MSCI Awaited

Only the Nikkei 225 really capitalized on a very perky US Monday with the rest of Asia’s bourses more focused on local issues, to their detriment


Asian Stocks Mixed Despite Strong Wall St Lead, MSCI Awaited

Crude Oil Prices May Resume Decline on API Inventory Data

Crude oil prices may continue lower after a brief period of digestion at six-week lows if API inventory flow data rekindles oversupply concerns.


Crude Oil Prices May Resume Decline on API Inventory Data

Technical Analysis: Nikkei 225 Looks Comfortable at the Top

The Nikkei 225 is at highs not visited since the back end of 2015. While the air may be getting thinner for bulls, they are still very much breathing.


Technical Analysis: Nikkei 225 Looks Comfortable at the Top

Australian Dollar Relaxed as RBA Minutes Offer Familiar Fare

Australian Dollar investors found nothing they hadn’t heard before and often in the minutes of the central bank’s last policy meeting, on June 6.


Australian Dollar Relaxed as RBA Minutes Offer Familiar Fare

Is Fed Speak Enough to Force a EUR/USD Head-and-Shoulders Break?

Benchmarks for sentiment like the S&P 500 are almost always the first place to look at the start of any week to gauge the phase of speculative appetite in the financial system.


Is Fed Speak Enough to Force a EUR/USD Head-and-Shoulders Break?

FX Markets Turn to Central Banker Speakers, RBNZ Decision, Canadian CPI

The quieter Euro-Zone and US economic calendars heeds way to speeches from central bankers from across the world as the prime sources of event risk.


FX Markets Turn to Central Banker Speakers, RBNZ Decision, Canadian CPI

DJIA Enters Zone of Wave Relationships, EUR/USD Pattern Points Higher

The DJIA push above 21,471 pressures wave relationships. EUR/USD may sell off to near 1.10-1.11.


DJIA Enters Zone of Wave Relationships, EUR/USD Pattern Points Higher

Dudley Boosts USD, Forbes Says UK inflation Likely To Move Above 3%

Monday began formal negotiations for Sterling, but the fireworks that lead to volatility will happen sporadically. Instead, NY Fed President Dudley gave the market and USD support.


Dudley Boosts USD, Forbes Says UK inflation Likely To Move Above 3%

Long EUR/USD on a Dip

EUR/USD grinds sideways in a consolidative type of pattern. We anticipate support may emerge before new highs above 1.13.


Long EUR/USD on a Dip

Gold Prices Continue Descent Through Key Support Zone

Gold prices continue to head-lower after the double top formation, but caution is the order of the day as price action has just crossed below a key zone of support.


Gold Prices Continue Descent Through Key Support Zone

USDJPY Moment of Truth: Rally Attempts Breach of Key Slope Resistance

A Sunday gap has USDJPY attempting to breach multi-month slope resistance. Here are the updated targets & invalidation levels that matter heading into the weekly open.


USDJPY Moment of Truth: Rally Attempts Breach of Key Slope Resistance

USD/JPY Eyes June High as Fed’s Dudley Endorses Normalization Cycle

Fresh rhetoric from Fed officials may continue to prop up USD/JPY as the FOMC appears to be on course to further normalize monetary policy over the coming months.


USD/JPY Eyes June High as Fed’s Dudley Endorses Normalization Cycle

European Equities Rise at Fastest Pace in Two Months

European markets are all gaining and are on track for their biggest rise in two months as retail and tech stocks get snapped up.


European Equities Rise at Fastest Pace in Two Months

Strategy Webinar: USD Majors in the Fed Aftermath- Yen Crosses in Focus

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


Strategy Webinar: USD Majors in the Fed Aftermath- Yen Crosses in Focus

Do Themes of Yen Weakness, Dollar Strength Have Continuation Potential?

Last week brought a series of drivers from Central Banks, and this produced a bullish move in the U.S. Dollar and a bearish move in the Japanese Yen: But does the return of these previously robust themes have staying power?


Do Themes of Yen Weakness, Dollar Strength Have Continuation Potential?

Webinar: FX Week Ahead: Central Bank Speakers, RBNZ Decision, Canadian CPI

It's a considerably lighter week on the economic calendar, so the bevy of central bank governors and Fed officials speaking over the next few days will be the main focus for FX markets.


Webinar: FX Week Ahead: Central Bank Speakers, RBNZ Decision, Canadian CPI

Dollar to Focus on Fed Speakers, Euro Needs a Push

Economic docket is light across the globe this week, especially out of United States; the lack of data means traders should focus on litany of Fed speakers in the coming days.


Dollar to Focus on Fed Speakers, Euro Needs a Push

COT: Extreme in Euro Speculative Longs Grows, Crude Oil Specs Hit Bids

Euro large speculators positioning becoming alarmingly big, while crude oil traders finally sell into weakness.


COT: Extreme in Euro Speculative Longs Grows, Crude Oil Specs Hit Bids

Brexit Briefing: GBP Indecision as Divorce Talks Start in Brussels

Nearly one year after the UK voted to leave the EU, both sides ready themselves to make their opening statements. The talks are expected to be long, extremely complex and potentially acrimonious.


Brexit Briefing: GBP Indecision as Divorce Talks Start in Brussels

FTSE 100 Fortifies Important Support, but Has Big Test Ahead

The footsie holds key support following BoE, but it won’t be long before it could find trouble at a key slope of resistance.


FTSE 100 Fortifies Important Support, but Has Big Test Ahead

Asian Markets Hold Up Across Board As Brexit Talks Set To Start

Asian stock markets got the benefit of enduring risk appetite as a new week started. Looming Brexit talks did them no obvious harm, although investors are looking nervously to Brussels


Asian Markets Hold Up Across Board As Brexit Talks Set To Start

British Pound Steady As Markets Eye Start of Brexit Talks

The relaxed British Pound didn’t look much like the currency of a country whose leaders must strike perhaps the most important deal in its post-war history.


British Pound Steady As Markets Eye Start of Brexit Talks

Australian Dollar Shrugs As RBA’s Lowe Sticks With Old Themes

The Australian Dollar meandered lower against its US cousin both before and after a speech from the Reserve Bank of Australia Governor which stuck to old hopes and old worries.


Australian Dollar Shrugs As RBA’s Lowe Sticks With Old Themes

Japanese Yen Continues Lower After Trade Balance Miss

The Japanese Yen had been drifting lower in any event and didn’t react much to news that May’s trade balance was much worse than expected. The data breakdown was more encouraging.


Japanese Yen Continues Lower After Trade Balance Miss

Euro Treading Water as Bullish Catalysts Have Been Sorely Lacking

The Euro’s bullish run has it a pause of sorts in recent weeks after a surge surrounding the French election, fueled been none other than a seeming retracement of economic optimism. Even the ECB has taken to tempering expectations at their June meeting.


Euro Treading Water as Bullish Catalysts Have Been Sorely Lacking

Hawkish BoE a Transitory Development as Brexit Negotiations Set to Begin

The British Pound enjoyed a relatively strong week, but with Brexit negotiations set to begin on Monday, that strength may be a fleeting theme.


Hawkish BoE a Transitory Development as Brexit Negotiations Set to Begin

Weekly Trading Forecast: Searching for Scarce Direction Cues

A slowdown in top-tier economic news flow leaves battered financial markets to reckon with the aftershocks of last week's back-to-back bombshells.


Weekly Trading Forecast: Searching for Scarce Direction Cues

S&P 500, DAX, FTSE 100 Look to Stablize After ’Seesaw’ Week

The calendar in the week ahead is light after several central banks met last week, volatility wasn’t in short supply; this week markets will look to try and firm up.


S&P 500, DAX, FTSE 100 Look to Stablize After ’Seesaw’ Week

Crude Oil Fall Intensifies As Price Tests 2017 Lows On Glut Fears

Long-term outlook remains bearish as Crude calendar spread goes deeper into Contango that is increasing fears that prices could test $40/bbl on the glut.


Crude Oil Fall Intensifies As Price Tests 2017 Lows On Glut Fears

What to Understand When Calling Longer Term Trades

Is it better to jump into the short-term or long-term end of the trading pool? When first wading in, ambitious traders will usually chose one of the two extremes according to their personality.


What to Understand When Calling Longer Term Trades

Gold Prices Heavy as FOMC Talks Normalization- Support in View

Gold fell for a second consecutive week taking prices below the monthly opening range lows. Here are the updated targets & invalidation levels that matter post-FOMC.


Gold Prices Heavy as FOMC Talks Normalization- Support in View

Yuan Eyes MSCI’s Decision on A-Shares Inclusion

Chinese markets are all awaiting MSCI’s decision on whether to include Chinese A-shares into its global indices.


Yuan Eyes MSCI’s Decision on A-Shares Inclusion

The Canadian Dollar Takes Direction From its Central Bank

The Canadian Dollar has rallied sharply in the last two weeks as hawks sniff tighter monetary policy after recent Bank of Canada commentary.


The Canadian Dollar Takes Direction From its Central Bank

USD/JPY Outlook Weighed by Limited Bets for December Fed Rate-Hike

Fresh remarks from Federal Reserve and Bank of Japan (BoJ) officials may encourage a long-term bullish outlook for USD/JPY amid the deviating paths for monetary policy.


USD/JPY Outlook Weighed by Limited Bets for December Fed Rate-Hike

New Zealand Dollar: Interest Rates on Hold Indefinitely

The New Zealand Dollar is in a rut and is unlikely to break out either upwards or downwards as the central bank’s official cash rate looks set to remain at 1.75%.


New Zealand Dollar: Interest Rates on Hold Indefinitely

Australian Dollar May Find Itself Short Of Further Impetus

The Australian Dollar gained on its US cousin thanks to weaker US inflation and stronger Australian labor markets. However, the coming week sees such key data much less abundant


Australian Dollar May Find Itself Short Of Further Impetus

EURUSD - Bullish Case Has Weakened, but Support Still Holding

Rejection on breakout undermined recently bullish price action, keep an eye on key support in the 11100s to maintain neutral to bullish outlook.


EURUSD - Bullish Case Has Weakened, but Support Still Holding

US Dollar Caught Between Upbeat Fed, Skeptical Markets

The US Dollar is caught between a confident Federal Reserve and skeptical financial markets even as political instability risk remains an ever-present threat.


US Dollar Caught Between Upbeat Fed, Skeptical Markets

Dollar’s Fledgling Bull Trend to be Tested, VIX Tests Summer Pull

We have seen the global markets charged this past week by a general shift in monetary policy driven by the Federal Reserve's decision to start working off its large balance sheet.


Dollar’s Fledgling Bull Trend to be Tested, VIX Tests Summer Pull

Bearish USD/CAD on BoC’s Hawkish Surprise & Fed’s Hawkishness In Doubt

Thanks to the Bank of Canada, CAD stole the show this week and it could continue to strengthen against weaker currencies.


Bearish USD/CAD on BoC’s Hawkish Surprise & Fed’s Hawkishness In Doubt

Policy Mistake Concern Rises as US Data Disappoints Most in 6 Years

Short-term interest rates had a wild week after the Bank of Canada, Bank of England and Federal Reserve gave hawkish surprises with the Fed decision most in doubt.


Policy Mistake Concern Rises as US Data Disappoints Most in 6 Years

AUD/USD Resilience to Persist; Eyes 2017-High Ahead of RBA Minutes

The resilience in AUD/USD may persist over the days ahead should the Reserve Bank of Australia (RBA) Minutes sway the outlook for monetary policy.


AUD/USD Resilience to Persist; Eyes 2017-High Ahead of RBA Minutes

DailyFX Round Table: Central Bank Wrap-Up, Yen Crosses in Focus

FX Strategists Michael Boutros, James Stanley & Christopher Vecchio discuss the aftermath of this week’s central bank line-up and the outlook for the week ahead.


DailyFX Round Table: Central Bank Wrap-Up, Yen Crosses in Focus

Webinar: UK Key Events and Markets for Next Week

Brexit talks begin in earnest next week as the two main negotiators Michel Barnier and David Davis meet in Brussels.


Webinar: UK Key Events and Markets for Next Week

Post-FOMC US Dollar Rally Sputtering Out - For Now?

The DXY Index essentially now unchanged on the week.


Post-FOMC US Dollar Rally Sputtering Out - For Now?

Silver Price – Failed Rallies Shift Focus Lower, Gold Below Support

Precious metals were once again rejected on attempts to rally; with gold below key support, silver looks headed towards the 16.20/25 area.


Silver Price – Failed Rallies Shift Focus Lower, Gold Below Support

Technical Outlook Post-CB Meetings: USD, GBP, JPY, Gold & More

In this webinar, took a look at the technical landscape following several central bank meetings this week.


Technical Outlook Post-CB Meetings: USD, GBP, JPY, Gold & More

Waning U. of Michigan Confidence Survey to Dampen Appeal of USD

A downtick in the U. of Michigan Confidence survey may undermine the recent strength in the U.S. dollar as it dampens the outlook for growth and inflation.


Waning U. of Michigan Confidence Survey to Dampen Appeal of USD

DAX – Promising Pattern Continues to Build After False Breaks

The German index tried to break higher from ascending wedge, but was rejected back inside; still waiting for a confirmed daily close outside of the pattern.


DAX – Promising Pattern Continues to Build After False Breaks

Asian Markets Narrow, Mixed Again. BOJ Leaves Policy Alone

Asian markets had a cautious Friday during which the Bank of Japan left its monetary settings unchanged while its Governor declined to be drawn on stimulus exit strategies


Asian Markets Narrow, Mixed Again. BOJ Leaves Policy Alone

Japanese Yen Steady As BoJ Stands Pat, Focus On Governor Kuroda

The Japanese Yen didn’t move much on news that monetary policy in its homeland was going nowhere in June. However, stimulus-exit questions still haunt the Bank of Japan.


Japanese Yen Steady As BoJ Stands Pat, Focus On Governor Kuroda

Technical Analysis: Japanese Yen Stronger Than It Might Look

The Japanese Yen has been quietly strengthening against the Dollar for months, and USD/JPY looks set for another test of 2017’s lows, the result of which could be crucial.


Technical Analysis: Japanese Yen Stronger Than It Might Look

FOMC Turns EUR/USD and USD/CAD, What Will BoE Due for Pound?

This past session, the US Dollar extended its rebound with the realization of its monetary policy advantage sinking in.


FOMC Turns EUR/USD and USD/CAD, What Will BoE Due for Pound?

EUR/USD Technical Analysis: Trend Reversal Under Way?

The Euro broke sharply lower after prolonged consolidation near the 1.12 figure against the US Dollar, hinting that a near-term trend reversal may be in the works.


EUR/USD Technical Analysis: Trend Reversal Under Way?

Gold Prices Face Lasting Pressure After Hawkish Fed Rate Decision

Gold prices continue to fall while the US Dollar gains alongside Treasury bond yields as the markets digest a hawkish FOMC monetary policy announcement.


Gold Prices Face Lasting Pressure After Hawkish Fed Rate Decision

New Zealand Dollar Steady, May Manufacturing Powers Ahead

The New Zealand Dollar didn’t offer much of a response to news that its home nation’s manufacturing sector turned in a very healthy performance in May.


New Zealand Dollar Steady, May Manufacturing Powers Ahead

New Zealand Dollar Steady, May Manufacturing Powers Ahead

The New Zealand Dollar didn’t offer much of a response to news that its home nation’s manufacturing sector turned in a very healthy performance in May.


New Zealand Dollar Steady, May Manufacturing Powers Ahead

USD Shakes Off Sellers On Hawkish Fed, BoE Follows Suit Lifting GBP

Two relatively weak currencies, GBP & USD, are having their day in the sun on the back of markets readjusting expectations on surprisingly hawkish rate announcements.


USD Shakes Off Sellers On Hawkish Fed, BoE Follows Suit Lifting GBP

GBP, JPY, USD Price Action Setups (6.15.2017)

The past few days have brought a number of drivers into markets for traders to work with, and tonight presents another with the Bank of Japan. In this webinar, we used price action to line-up setups in anticipation for what the next few weeks might hold.


GBP, JPY, USD Price Action Setups (6.15.2017)

Pound Rallies as Hawks Circle at the Bank of England

In the biggest division on interest rates in six years, the Monetary Policy Committee voted by five members to three to maintain interest rate at a record-lows of 0.25 percent.


Pound Rallies as Hawks Circle at the Bank of England

Brexit Briefing: Divorce Talks Set to Start Monday, Focus for Pound

The UK’s Brexit minister David Davis is due to fly to Brussels Monday to start the talks leading up to the UK’s divorce from the EU that could well determine the future direction of the British Pound.


Brexit Briefing: Divorce Talks Set to Start Monday, Focus for Pound

NZD Weighed by Lackluster 1Q GDP Report; Dovish RBNZ on Tap?

The New Zealand dollar struggles to hold its ground ahead the next RBNZ meeting as the 1Q GDP report showed the economy growing at the slowest pace since 2015.


NZD Weighed by Lackluster 1Q GDP Report; Dovish RBNZ on Tap?

Webinar: Live Event Coverage: BOE’s June Rate Decision

DailyFX Senior Currency Strategist Christopher Vecchio outlines expectations for the Bank of England June policy meeting.


Webinar: Live Event Coverage: BOE’s June Rate Decision

CAC 40 Breaks Range

The CAC 40 has broken out from an extended period of consolidation. The Index is now trading down -1.31% for Thursday.


CAC 40 Breaks Range

GBP Pops After BoE Votes 5-3: But Does This Move Have Staying Power?

The British Pound caught a bid after this morning's rate decision at the Bank of England; but sellers have quickly responded to push prices back-below the 1.2750 level.


GBP Pops After BoE Votes 5-3: But Does This Move Have Staying Power?

Becoming a Better Trader: Q&A Session

In today's Q&A session a lot of good questions were answered regarding trading psychology, risk management, execution, as well as other topics...


Becoming a Better Trader: Q&A Session

All Eyes on Mansion House as Three BoE Members Vote For Rate Rise

Three members of the Bank of England’s MPC voted for a rate rise Thursday as the BoE left UK interest rates and all its other monetary policy settings unchanged ahead of key speeches by the BoE Governor and the UK Chancellor.


All Eyes on Mansion House as Three BoE Members Vote For Rate Rise

AUD/USD Technical Analysis: Struggling to Hold Above 0.76

The Australian Dollarspiked to the highest level in nearly three months against its US counterpart but prices are struggling to maintain a foothold above the 0.76 figure.


AUD/USD Technical Analysis: Struggling to Hold Above 0.76

Crude Oil Prices Hit One-Month Low, Gold Suffers Sharp Reversal

Crude oil prices sank to the lowest level in a month amid signs of sluggish demand while gold prices suffered a sharp reversal after a hawkish Fed policy announcement.


Crude Oil Prices Hit One-Month Low, Gold Suffers Sharp Reversal

FTSE 100 Testing Significant Support Ahead of BoE

The footsie has been caught between two major lines of influence, today testing support; BoE on the docket for later today.


FTSE 100 Testing Significant Support Ahead of BoE

SNB Leaves Rates Unchanged; Possible CHF Weakness Ahead

The Swiss National Bank has left interest rates unchanged, as expected. Now, it’s possible that the Swiss Franc will weaken as other central banks look to withdraw monetary stimulus, albeit slowly.


SNB Leaves Rates Unchanged; Possible CHF Weakness Ahead

Technical Analysis: ASX 200 Bounces at Key Support Again

The ASX 200 has seen its bulls’ salvation at February 28’s closing low once again – the fifth time this year that that area has stopped a potential collapse.


Technical Analysis: ASX 200 Bounces at Key Support Again

The Complexity of the BoE for Pound vs Simplicity of Jobs for Aussie

Rarely are critical turning points in central themes that influence the entire financial system decided so unilaterally.


The Complexity of the BoE for Pound vs Simplicity of Jobs for Aussie

FOMC Turns EUR/USD and USD/CAD, What Will BoE Due for Pound?

The Fed did not mince words. Its policy update Wednesday was hawkish and that fact was not lost on the Dollar.


FOMC Turns EUR/USD and USD/CAD, What Will BoE Due for Pound?

Australian Dollar Soars on Upbeat Jobs Report

The Australian Dollar soared against its major currency counterparts after May’s labor market data vastly outperformed economists’ expectations.


Australian Dollar Soars on Upbeat Jobs Report

New Zealand Dollar Drops Following Dissapointing GDP Data

The New Zealand Dollar weakened following the release of first-quarter GDP figures as yearly and quarterly growth measures printed worse than analysts expected.


New Zealand Dollar Drops Following Dissapointing GDP Data

Gold Gains, Stock Futures Fall on News Trump Under Investigation

Gold prices rose as stock index futures fell after the Washington Post reported that the US President is now personally under legal scrutiny for possible obstruction of justice.


Gold Gains, Stock Futures Fall on News Trump Under Investigation

Fed Confident Despite US Economic Data Disappointments Mounting

Yellen appears confident that the economy is improving, which is evident through the Fed’s unchanged rate hike forecasts that caused late day USD strength.


Fed Confident Despite US Economic Data Disappointments Mounting

Crude Oil Price Forecast: Oil Closes at 2017 Lows on EIA Report

Crude Oil failed to bounce in a price zone that has supported price, and the possibility of surprisingly hawkish Fed could further pressure prices.


Crude Oil Price Forecast: Oil Closes at 2017 Lows on EIA Report

GBP/JPY- Range Break to Set Directional Bias Ahead of BoE, BoJ

A clear weekly opening range has taken shape just above key support. Here are the updated targets & invalidation levels that matter heading into the BoE & BoJ rate decisions.


GBP/JPY- Range Break to Set Directional Bias Ahead of BoE, BoJ

USD/JPY Technical Analysis: Price Sticking To 200-DMA After Fed Hikes

USD/JPY aggressively reversed at Yellen & Co. surprised the markets by bucking the Fed’s dovish reputation on Wednesday, now focus is on the BoJ and the charts.


USD/JPY Technical Analysis: Price Sticking To 200-DMA After Fed Hikes

USD Weakness Pauses After FOMC Rate Hike, Clear Resistance in Focus

Dollar Index traded to new 2017 lows ahead of the FOMC rate hike and seems stable for now, but clear resistance is in focus.


USD Weakness Pauses After FOMC Rate Hike, Clear Resistance in Focus

Fed Hikes Rates as Expected - US Dollar Shrugs

In another highly telegraphed policy change, the Federal Reserve raised rates by 25-bps to 1.00-1.25% - and the US Dollar doesn't seem to care.


Fed Hikes Rates as Expected - US Dollar Shrugs

US Dollar Declines to New Lows Ahead of FOMC

The US Dollar has traded to new lows, as the market waits for this month's highly anticipated FOMC rate decision.


US Dollar Declines to New Lows Ahead of FOMC

Webinar: Weekly Trading Q&A: Pre-FOMC USD Setups - Looking for USD Weakness

DailyFX Senior Currency Strategist Christopher Vecchio outlines expectations for the FOMC rate decision later today.


Webinar: Weekly Trading Q&A: Pre-FOMC USD Setups - Looking for USD Weakness

Flattening Fed Interest Rate Dot-Plot to Fuel EUR/USD Resilience

With the FOMC widely expected to deliver a 25bp rate-hike, the fresh updates from Fed officials may play a greater role in shaping the near-term outlook for the USD.


Flattening Fed Interest Rate Dot-Plot to Fuel EUR/USD Resilience

DailyFX European Market Wrap: European Equities Rise Across the Board

Despite it being a US event, the rate decision from the Federal Reserve is front and centre for markets at the moment.


DailyFX European Market Wrap: European Equities Rise Across the Board

AUD/USD Breaks Higher on CPI Miss, FOMC Next

The AUD/USD has sprung higher as US CPI data misses expectations. Traders will now look to today's FOMC event for further direction.


AUD/USD Breaks Higher on CPI Miss, FOMC Next

Lackluster Fed Forecasts to Prop Up EUR/USD

EUR/USD struggles following the ECB meeting, but the fresh updates from Fed officials may prop up the pair should Chair Yellen and Co. tame interest-rate expectations.


Lackluster Fed Forecasts to Prop Up EUR/USD

FOMC: With Today’s Hike Priced-In, This Meeting is About the Balance Sheet

Today's expected hike from the Fed has been expected for some time now. But what hasn't been expected is how quickly the bank might look to address their $4.5 Trillion balance sheet.


FOMC: With Today’s Hike Priced-In, This Meeting is About the Balance Sheet

S&P 500: Break Higher Will Bring into Play Yet Another Overhanging T-line

The S&P looks geared up to make another attempt to break higher, but will face a potential headwind in the form of a top-side trend-line once again.


S&P 500: Break Higher Will Bring into Play Yet Another Overhanging T-line

Preview for June FOMC Meeting and Outlook for USD-pairs

The DXY Index has held steady past few days, the fairly typical low volatility precursor to a key FOMC policy meeting.


Preview for June FOMC Meeting and Outlook for USD-pairs

Trading Outlook Ahead of FOMC: US Dollar, Cross-rates, Gold Price & More

In this webinar, we discussed the technical landscape of several markets ahead of today's FOMC announcement.


Trading Outlook Ahead of FOMC: US Dollar, Cross-rates, Gold Price & More

Webinar: Live Coverage of UK Unemployment and Wages Data

After Tuesday’s higher-than-expected Inflation print, will UK wages keep pace or will the gap between the two continue to widen?


Webinar: Live Coverage of UK Unemployment and Wages Data

UK Real Earnings Shrink, British Pound Falls Back

The British Pound lost earlier gains in London trading Wednesday after news real UK earnings are falling at the fastest rate since 2014.


UK Real Earnings Shrink, British Pound Falls Back

DAX Getting Bulled Up for Another Leg Higher

The DAX has been choppy, but putting in a technically sound foundation for another push higher soon.


DAX Getting Bulled Up for Another Leg Higher

Asian Stocks Mixed, Narrow As Investors Await Fed

As usual when a US monetary policy decision is approaching Asian market heroics were notable by their absence, Oil prices came under renewed pressure.


Asian Stocks Mixed, Narrow As Investors Await Fed

US Dollar to Rise if the Fed Keeps its Rate Hike Forecast Steady

The US Dollar is likely to rise if the Federal Reserve leaves its outlook calling for three rate hikes in 2017 unchanged despite recently soft data and swelling political risk.


US Dollar to Rise if the Fed Keeps its Rate Hike Forecast Steady

Australian Dollar Ticks Up as Chinese Industry Beats Forecasts

Chinese industrial production managed to beat expectations in May, albeit not by much. Still it was enough to give the Fed-watching Aussie a very modest lift.


Australian Dollar Ticks Up as Chinese Industry Beats Forecasts

Strategy for Trading Fed Decision Goes Behind Hike or No Hike

Anxiety over complacency is rising rapidly as we head into a particularly important event risk: the FOMC's (Federal Open Market Committee) rate decision


Strategy for Trading Fed Decision Goes Behind Hike or No Hike

Australian Dollar Ignores More Evidence of Consumer Worries

It can take a lot to shift the attention of investors when a US interest-rate move is expected. Australian consumer confidence data simply didn’t have what it took.


Australian Dollar Ignores More Evidence of Consumer Worries

Traders Ready for Dollar, Equity Volatility on FOMC Decision

We will start an important and volatile run of event risk this week with the champion of high profile listings: the FOMC rate decision


Traders Ready for Dollar, Equity Volatility on FOMC Decision

UK CPI Jumps To 4-Yr. High, “Little Pause” In Focus Going Into FOMC

The central bank show is about to begin as traders await clarity on how the Fed will proceed with rate cuts as they reduce their balance sheet going forward.


UK CPI Jumps To 4-Yr. High, “Little Pause” In Focus Going Into FOMC

Dollar (DXY) Primed Ahead of FOMC: Levels to Know

The index has rebounding off downtrend support with the monthly opening range in focus heading into FOMC. Here are the updated targets & invalidation levels that matter.


Dollar (DXY) Primed Ahead of FOMC: Levels to Know

pre-FOMC, BoE, BoJ Price Action Setups (6.13.2017)

The remainder of this week presents heavy headline risk with three major Central Banks speaking to markets, led by the Fed with a widely-expected interest rate hike. In this webinar, we look at price action setups for the various scenarios that may play out over the next few days.


pre-FOMC, BoE, BoJ Price Action Setups (6.13.2017)

NZD/USD Technical Analysis: Trying to Rekindle Uptrend

The New Zealand Dollar is attempting to renew upward momentum as prices fight to trigger a test of trend resistance capping gains since September 2016.


NZD/USD Technical Analysis: Trying to Rekindle Uptrend

EUR/GBP Technical Analysis: Early Topping Signs Emerging

A Euro is on pace to completing a Bearish Engulfing candlestick pattern after a test of resistance below the 0.89 figure, hinting a turn lower against the British Pound may be ahead.


EUR/GBP Technical Analysis: Early Topping Signs Emerging

USD/JPY Trend Pauses Ahead of FOMC

After declining 118 Pips, the USD/JPY pauses ahead of tomorrow's FOMC event.


USD/JPY Trend Pauses Ahead of FOMC

USD/CAD Faces Key Test as BoC Shift Monetary Policy Outlook

The Canadian dollar has staged a meaningful advance as BoC Senior Deputy Governor Wilkins warns the central bank will be ‘assessing’ the degree of monetary stimulus.


USD/CAD Faces Key Test as BoC Shift Monetary Policy Outlook

DailyFX European Market Wrap: UK Inflation Rise Sparks British Pound Rebound

UK inflation rises to the highest rate since June 2013 from 2.7% to 2.9% - keeping it above the Bank of England's 2% target.


DailyFX European Market Wrap: UK Inflation Rise Sparks British Pound Rebound

Pending Long GBP/JPY

Pending Long GBP/JPY

Long EUR/USD, Long USD/JPY

The Dollar has been trending lower for most of 2017, and another rate hike appears to be right around the corner. This setup is designed to capitalize on USD volatility around tomorrow's FOMC announcement.


Long EUR/USD, Long USD/JPY

A Fed Hike Doesn’t Directly Spell DXY Strength: BoE, BoJ Wait in the Wings

The Fed has been persistently hawkish since last December, yet the U.S. Dollar has continued to sell-off. Will a rate hike at tomorrow's FOMC meeting reverse the trend, or are there other dynamics at play?


A Fed Hike Doesn’t Directly Spell DXY Strength: BoE, BoJ Wait in the Wings

USD/CAD Technical Analysis: CAD Leaves Low-Vol G10 In Its Tracks

The Canadian Dollar quickly emerged as the darling of G10FX after Oil prices stabilized and fundamental surprises began to show.


USD/CAD Technical Analysis: CAD Leaves Low-Vol G10 In Its Tracks

EUR/USD and CAC 40 Range Despite ZEW Survey Miss

The EUR/USD and CAC 40 consolidate despite today's German ZEW survey missing expectations.


EUR/USD and CAC 40 Range Despite ZEW Survey Miss

Is USD/CAD’s Slide Foreshadowing More USD Weakness to Come?

Most USD-pairs quiet today, although GBP/USD has rebounded on the back of faster than expected inflation pressures in UK.


Is USD/CAD’s Slide Foreshadowing More USD Weakness to Come?

Silver Prices – Outlook Hinges on Nasty Weekly Rejection in Gold

Gold tried to clear the 2011 trend-line hurdle last week, and did so on a daily basis but reversed back below on a weekly closing basis; taking cues on what happens next for how to handle silver.


Silver Prices – Outlook Hinges on Nasty Weekly Rejection in Gold

Trading Outlook: Gold in Precarious Position, Crude Oil Too

In this webinar, we focused on the bearish weekly reversal in gold last week, near-term oil outlook, and touched on equity indices...


Trading Outlook: Gold in Precarious Position, Crude Oil Too

FTSE 100 – Big Bottom & Top-side Levels Keep Market Constrained

The UK index may be in for a period of bouncing around between levels before eventually declaring a definitive direction; respect still paid to trend.


FTSE 100 – Big Bottom & Top-side Levels Keep Market Constrained

Fears of U.K. Stagflation to Fuel GBP/USD Losses

Stickiness in the U.K. Consumer Price Index (CPI) may do little to shore up the British Pound as fears of stagflation emerge.


Fears of U.K. Stagflation to Fuel GBP/USD Losses

Benchmarks of False Flags like VIX and Genuine Prophecy Like the Dollar

Most market participants don't have time to fully analyze the backdrop of the currency, region, asset class or market that they intend to trade.


Benchmarks of False Flags like VIX and Genuine Prophecy Like the Dollar

Tech Stocks Level Out Before Panic, FOMC Anchoring Dollar Ambitions

The nasty spill suffered by a corner of the US equity market to end this past week didn't signal a full sentiment collapse for the broad market this week...at least not yet.


Tech Stocks Level Out Before Panic, FOMC Anchoring Dollar Ambitions

Australian Dollar Shrugs At NAB Business Confidence Slide

The Australian Dollar took a slip in business confidence very much in its stride. The indicator remains at comparatively elevated levels after all.


Australian Dollar Shrugs At NAB Business Confidence Slide

Technical Analysis: Nikkei 225 Breakdown Doesn’t Mean Danger Yet

The Nikkei 225 has conclusively snapped an uptrend line which had been handily in place since mid-April. That need not mean immediate trouble, but there may be some coming further out.


Technical Analysis: Nikkei 225 Breakdown Doesn’t Mean Danger Yet

Japanese Yen Inches Lower as Big Business Turns Gloomy

The Japanese Yen continued to lose out to the US Dollar Tuesday as official sentiment readings from big business plumbed depths not seen for a year.


Japanese Yen Inches Lower as Big Business Turns Gloomy

Canadian Dollar Adds To Gains Ahead of Central Bank Filled Week

Traders look to be expecting central banks to play ball and do what is priced in this week per implied volatility, but some currencies like CAD are surprising markets.


Canadian Dollar Adds To Gains Ahead of Central Bank Filled Week

USD/CAD Freefalls into Critical Zone

USDCAD broke below the monthly opening range today with the decline now approaching initial support objectives. Here are the updated targets & invalidation levels that matter.


USD/CAD Freefalls into Critical Zone

US Dollar Rebounds Ahead of FOMC

The US Dollar continues to trade off of yearly lows ahead of this weeks FOMC event.


US Dollar Rebounds Ahead of FOMC

GBP/USD Comes Up Against Key Downside Hurdles Ahead of BoE

GBP/USD remains under pressure following the U.K. election, with the pair at risk of facing further losses ahead of the BoE interest rate decision.


GBP/USD Comes Up Against Key Downside Hurdles Ahead of BoE

Gold Prices Slide Back into Descending Channel, Find Fibonacci Support

Gold prices have been heading lower ever since Mr. Comey's opening statement was released on Wednesday afternoon; but with a plethora of headline risk on the docket this week, we likely haven't seen the end of this theme just yet.


Gold Prices Slide Back into Descending Channel, Find Fibonacci Support

Webinar: FX Week Ahead: UK CPI; FOMC, BOE, & BOJ Meet

Central bank meetings for the Federal Reserve, Bank of England, and Bank of Japan highlight a week packed with event risk.


Webinar: FX Week Ahead: UK CPI; FOMC, BOE, & BOJ Meet

Major Shift Warns of Further British Pound Weakness

IG Client Sentiment data shows the majority of traders are now net-long the British Pound versus the US Dollar—breaking a two-month trend. A contrarian view of ‘crowd’ sentiment warns of declines.


Major Shift Warns of Further British Pound Weakness

S&P Remains a Buy until this Changes

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


S&P Remains a Buy until this Changes

Australian Dollar Forecast to Rally Further

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


Australian Dollar Forecast to Rally Further

Gold Price Outlook Unclear until this Changes

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall.


Gold Price Outlook Unclear until this Changes

Japanese Yen Rally May be Overdone, but Trend Remains Clear

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall.


Japanese Yen Rally May be Overdone, but Trend Remains Clear

British Pound Forecast to Continue Lower on Key Shift

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


British Pound Forecast to Continue Lower on Key Shift

Our Euro Forecast may Shift as Traders Show Change of Heart

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


Our Euro Forecast may Shift as Traders Show Change of Heart

Strategy Webinar: USD Majors in Focus as FOMC Takes Center Stage

Webinar highlighting featured setups we’re tracking into this week’s FOMC interest rate decision. Here are the updated targets & invalidation levels that matter.


Strategy Webinar: USD Majors in Focus as FOMC Takes Center Stage

DailyFX European Market Wrap: UK Politics Dominates Market Action

UK politics dominates as everyone questions the future of the British Prime Minister and the stability of her government.


DailyFX European Market Wrap: UK Politics Dominates Market Action

Stocks Weaken Ahead of the Fed: GBP/USD, USD/JPY Await BoE, BoJ

Tech stocks were on a rip roaring run after the Presential election, with the Nasdaq 100 running higher by more than 29% in the seven months since. But selling pressure has begun to show ahead of the Fed's expected interest rate hike on Wednesday of this week.


Stocks Weaken Ahead of the Fed: GBP/USD, USD/JPY Await BoE, BoJ

EUR/USD Traders Look to FOMC for Direction

EUR/USD traders look to this weeks news to help prodive further direction for the pair.


EUR/USD Traders Look to FOMC for Direction

COT: EUR Speculative Longs at Multi-Year High; Gold Longs at a Big Crossroad

COT: EUR Speculative Longs at Multi-Year High; Gold Longs at a Big Crossroad

DXY Index Slips Just Days Before June FOMC Meeting

Overall, intraday FX volatility should be considerably higher tomorrow with ECB meeting, UK elections, and James Comey's testimony.


DXY Index Slips Just Days Before June FOMC Meeting

Brexit Briefing: GBP Wobbles as UK Political Fallout Continues

UK PM Theresa May’s political future looks increasingly tenuous as chatter increases of a leadership challenge growing within her ruling Conservative Party.


Brexit Briefing: GBP Wobbles as UK Political Fallout Continues

DAX in Limbo, Looking to CAC 40 for Direction

The DAX is in a bit of limbo, but the highly correlated CAC is developing a pattern which may help provide indications as to which way the DAX wants to move next.


DAX in Limbo, Looking to CAC 40 for Direction

Asian Stocks Wilt With Tech Under Pressure Thanks To Wall Street

Asian markets endured a rocky start to what promises to be another busy week. Investor worries about the US tech sector have certainly crossed the Pacific


Asian Stocks Wilt With Tech Under Pressure Thanks To Wall Street

Yen May Rise on Weaker Risk Appetite, US Dollar Falls Before FOMC

The Japanese Yen may rise as risk appetite sours across financial markets. The US Dollar is under pressure as investors look ahead to the FOMC policy announcement.


Yen May Rise on Weaker Risk Appetite, US Dollar Falls Before FOMC

Gold Prices May Rebound as Market Sentiment Sours

Gold prices may turn higher after three days of heavy losses as risk appetite sours across financial markets. Crude oil selloff may resume as swing supply swells.


Gold Prices May Rebound as Market Sentiment Sours

British Pound to Remain Lower after UK Election Surprise

After dramatically underperforming expectations, concern over a weak mandate will plague the Conservatives and stir speculation over a “hard Brexit” outcome, neither of which are good for the British Pound.


British Pound to Remain Lower after UK Election Surprise

Japanese Yen All-But Unmoved By Bad Machine Orders Miss

The Japanese Yen showed little reaction to news that machine orders were nowhere near forecasts in April. Still, this is one tough-to-guess data series at the best of times.


Japanese Yen All-But Unmoved By Bad Machine Orders Miss

EURUSD - Confluence of Support Key to Near-term Outlook

Looking for the euro to hold confluence of support and attempt to push into new 2017 levels.


EURUSD - Confluence of Support Key to Near-term Outlook

Weekly Trading Forecast: Fed Leads Docket Loaded with Event Risk

The FOMC policy announcement leads a loaded docket of top-tier event risk including rate decisions from the BOE, SNB and BOJ as well as New Zealand GDP and Australian jobs data.


Weekly Trading Forecast: Fed Leads Docket Loaded with Event Risk

S&P 500, FTSE 100 Face CB Meetings; DAX to Follow Risk Trends

The week ahead holds the FOMC and BoE for the S&P 500 and FTSE 100, respectively; DAX looks to try and steady itself, taking cues from general risk trends.


S&P 500, FTSE 100 Face CB Meetings; DAX to Follow Risk Trends

Future’s Spread Brings Fear That OPEC Did Not Accomplish Much

Bearish sentiment in the Oil market is rising as the US oil production is doing the same, which limits the best intentions and efforts of OPEC’s extended cut.


Future’s Spread Brings Fear That OPEC Did Not Accomplish Much

Gold Prices Come Full Circle on Comey- All Eyes on FOMC

Gold snapped a three week winning streak with prices reversing back below key slope resistance. Here are the updated targets & invalidation levels that matter into FOMC.


Gold Prices Come Full Circle on Comey- All Eyes on FOMC

Yuan Looks to Fed, Chinese Investment for Direction

Next week, event risks from both the U.S. and China will be major drivers for the Dollar/Yuan rate.


Yuan Looks to Fed, Chinese Investment for Direction

Canadian Dollar: Set to Weaken Further

USD/CAD has been climbing gently since May 15, lifted by a combination of weak oil prices and the realization that the BOC is still in no mood to increase rates soon.


Canadian Dollar: Set to Weaken Further

NZD: Needs a New Impulse as Recent Rally Dries Up

The New Zealand dollar’s recent rally may be cooling off ahead of first quarter GDP figures on Wednesday.


NZD: Needs a New Impulse as Recent Rally Dries Up

Australian Dollar May Find Itself Overextended

The Australian Dollar could be doomed to struggle with a lack of obvious positives in a trading week which will open with AUD/USD already at quite-elevated levels.


Australian Dollar May Find Itself Overextended

ECB Cuts Inflation Forecasts, but is it Enough to Quell the Euro’s Advance?

The European Central Bank made another dovish attempt at this week’s ECB meeting, but a lack of follow-thru selling suggests that the bullish trend may not yet be done.


ECB Cuts Inflation Forecasts, but is it Enough to Quell the Euro’s Advance?

US Dollar May Rise on Fed Optimism, European Political Woes

The US Dollar may extend last week’s late rally as the Federal Reserve sticks to its 2017 rate hike path aspirations while political jitters send capital fleeing from Europe.


US Dollar May Rise on Fed Optimism, European Political Woes

Pick the Simple Trades to Improve Probability

It is not uncommon to find traders pursue the obscura - whether through fundamental or technical analysis - to 'discover' something that no one else has yet come upon.


Pick the Simple Trades to Improve Probability

Tech Rattles Risk, Pound Threatens More, Fed Ready to Hike

Given, neither the outlook for the Brexit negotiations nor the UK's financial and economic health are any clearer after the vote; it is reasonable to expect the Pound's course is still ahead of it.


Tech Rattles Risk, Pound Threatens More, Fed Ready to Hike

USD/JPY Technical Analysis: 2017 Lows Worryingly Near

Inertia appears to rule for USD/JPY, but if the bulls can’t gird themselves for an attack on some near-term resistance then the years’ lows will soon be back in play.


USD/JPY Technical Analysis: 2017 Lows Worryingly Near

Pound Drops On Hung Parliament Surprise, Dollar Doubts Remain

UK election results gave GBP its largest dose of volatility since the Brexit vote falling ~2.5% intraday. The dollar was able to work out a weekly gain, but longer-term doubts remain.


Pound Drops On Hung Parliament Surprise, Dollar Doubts Remain

USD/JPY Pending Bearish Breakout

The USD/JPY is retracing after declining as much as 529 pips from its May 2017 high. Traders may look for a bearish breakout below 109.11.


USD/JPY Pending Bearish Breakout

US Dollar Rebounds From Lows (Webinar)

After trading to new yearly lows, the US Dollar is rebounding to conclude this week's trading.


US Dollar Rebounds From Lows (Webinar)

GBP/USD Pares Post U.K. Election Losses

The GBP/USD is rebounding significantly from daily lows, after initially declining 168 pips on U.K. election news.


GBP/USD Pares Post U.K. Election Losses

USD/CAD Fails to Hold Monthly Range Ahead of FOMC Meeting

The Canadian dollar outperforms its major counterpart, with USD/CAD slipping to fresh monthly lows ahead of the FOMC interest rate decision on June 14.


USD/CAD Fails to Hold Monthly Range Ahead of FOMC Meeting

Introduction to Basic Pitchfork / Median-line Analysis

In this series we piece together the anatomy of trade setup. In part 2 we’ll focus on identifying, constructing and utilizing basic pitchforks and parallels.


Introduction to Basic Pitchfork / Median-line Analysis

GBP/JPY Technical Analysis: ¥140.00 Test, Bearish Channel Persists

GBP/JPY put in a sizable drop on this round of U.K. elections with buyers showing up around ¥140.00; but with a longer-term bearish channel present, downside continuation may be just around the corner.


GBP/JPY Technical Analysis: ¥140.00 Test, Bearish Channel Persists

EUR/JPY Technical Analysis: Long-Term Support, Short-Term Resistance

EUR/JPY may be clawing back into its bullish trend after a recent pullback, opening the door for topside continuation setups.


EUR/JPY Technical Analysis: Long-Term Support, Short-Term Resistance

DailyFX European Market Wrap: UK General Election Shocks Sterling

The breaking news has come from the European Central Bank where it’s kept rates on hold as forecast, but its downgraded inflation forecasts for the next three years.


DailyFX European Market Wrap: UK General Election Shocks Sterling

U.K. Elections Drive Sterling Lower: BoE, Fed, BoJ Next Week

Another shocking result in an election has raised a series of fresh questions around Brexit in the U.K.; but next week brings a group of Central Bank meetings that will likely garner significant market attention.


U.K. Elections Drive Sterling Lower: BoE, Fed, BoJ Next Week

Webinar: UK Election Recap & Outlook for GBP in Short- and Medium-Term

DailyFX Senior Currency Strategist Christopher Vecchio reviews the results of the 2017 UK General Election and how it has complicated the outlook for the British Pound.


Webinar: UK Election Recap & Outlook for GBP in Short- and Medium-Term

USDZAR Short on Break of Near-term Bear-flag

USDZAR poised to continue trending lower, a set-up with multiple time-frames offers attractive risk/reward.


USDZAR Short on Break of Near-term Bear-flag

Trading Outlook in Aftermath of UK Election

In this webinar, emphasis was placed on GBP and cross-rates following the unexpected outcome from the UK election. Also looked at other currencies, commodities, and indices.


Trading Outlook in Aftermath of UK Election

USD/CAD Range Vulnerable to Strong Canada Employment Report

Another 15.0K rise in Canada Employment may undermine the recent rebound in USD/CAD as it puts pressure on the BoC to start normalizing monetary policy.


USD/CAD Range Vulnerable to Strong Canada Employment Report

Webinar: UK General Election, Manufacturing and Industrial Data and Trade Balance

GBPUSD falls sharply after the UK General Election ends in a hung Parliament


Webinar: UK General Election, Manufacturing and Industrial Data and Trade Balance

Sterling, FTSE 100 Don’t React as Violently as Many Expected

The UK General Election results in what was viewed by many as one of two worst case scenarios, but markets aren’t reacting as expected.


Sterling, FTSE 100 Don’t React as Violently as Many Expected

Crude Oil Prices Eye May Low, Gold Down After Comey Testimony

Crude oil prices are eyeing the May’s swing low after the largest drop in two weeks. Gold prices fell as former FBI director James Comey testified in Congress.


Crude Oil Prices Eye May Low, Gold Down After Comey Testimony

Asian Stocks Hold Up Despite UK Election Shock, GBP Sinks

The UK Pound was the most obvious casualty of its home country’s political deadlock, with Asian stocks taking the result in stride in a calm session


Asian Stocks Hold Up Despite UK Election Shock, GBP Sinks

Pound Drop Masks Otherwise Chipper Mood After UK Election

The British Pound swooned as the UK general election produced a “hung parliament” but investors seemed otherwise surprisingly upbeat about the outcome.


Pound Drop Masks Otherwise Chipper Mood After UK Election

EUR/USD Technical Analysis: Euro Struggling Below 1.29

The Euro is struggling to make headway below the 1.29 figure against the US Dollar, with negative RSI divergence warning that a turn lower may be ahead.


EUR/USD Technical Analysis: Euro Struggling Below 1.29

British Pound Steady Despite Looming Hung Parliament

The UK currency slid very sharply on the initial, shock prospect of no one party securing a workable majority, but it has been puzzlingly stable since.


British Pound Steady Despite Looming Hung Parliament

Australian Dollar Unmoved By As-Forecast Chinese Inflation Data

The Australian Dollar market moved hardly at all on news that Chinese inflation numbers came in broadly as expected- the UK’s knife-edge election is dominating proceedings.


Australian Dollar Unmoved By As-Forecast Chinese Inflation Data

Dollar Rises After Comey, Euro Falls on ECB, Pound Drops After Exit Polls

This past session's scene of high profile event risk didn't follow the expected script. The Dollar, Euro and Pound were all put into motion after their respective events.


Dollar Rises After Comey, Euro Falls on ECB, Pound Drops After Exit Polls

UK Pound Steadies, Exit Polls May Underestimate Conservative Vote

The British Pound fell sharply on exit polls suggesting no overall electoral majority for anyone, but has steadied on a stronger showing for the ruling party.


UK Pound Steadies, Exit Polls May Underestimate Conservative Vote

British Pound Slides After Inconclusive UK Election Results

The British Pound fell more than 1.5 percent against its major counterparts after the release of the initial UK exit poll points to an inconclusive election result.


British Pound Slides After Inconclusive UK Election Results

Draghi Does Draghi, Comey Stays Calm, and Dollar Drop Stops

UK election results are yet to roll in, but considering the market took the first two key events of the day (ECB, Comey) in stride; eyes are now on GBP.


Draghi Does Draghi, Comey Stays Calm, and Dollar Drop Stops

Trading the Majors, post-ECB (6.8.2017)

This morning's ECB meeting elicted an interesting reaction from markets, and with the James Comey testimony now in the rear-view, we may have some work-able trends to operate with.


Trading the Majors, post-ECB (6.8.2017)

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

Here's an update on the setup's we've been tracking and levels to know heading into the close of the week.


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

Kiwi Rally Continues: Bullish Up-Trend Vulnerable Sub-7230

The 5.6% rally in NZD/USD is approaching key resistance with the advance at risk into the weekend. Here are the updated targets & invalidation levels that matter.


Kiwi Rally Continues: Bullish Up-Trend Vulnerable Sub-7230

DailyFX European Market Wrap: ECB Lowers Inflation Forecasts, Dents Euro

The breaking news has come from the European Central Bank where it’s kept rates on hold as forecast, but its downgraded inflation forecasts for the next three years.


DailyFX European Market Wrap: ECB Lowers Inflation Forecasts, Dents Euro

NZD Attempts Another Breakout; Flashes First Overbought Signal in 2017

NZD/USD may continue to appreciate over the coming days as it makes a more meaningful attempt to break out of the downward trend carried over from 2016.


NZD Attempts Another Breakout; Flashes First Overbought Signal in 2017

Webinar: Central Bank Weekly: ECB on Deck, UK Elections, and Fed’s June Rate Hike

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: ECB on Deck, UK Elections, and Fed’s June Rate Hike

AUD/USD Rally Pauses After 193 Pip Advance

After advancing 193 pips in 4 sessions, the AUD/USD uptrend may be pausing.


AUD/USD Rally Pauses After 193 Pip Advance

Draghi, ECB Retain Dovish Stance: Comey, U.K. Elections Remain

We are through the first of today's major drivers, but the day is far from over: James Comey testimony begins at 10AM ET, and voters in the U.K. are going to the polls throughout the day.


Draghi, ECB Retain Dovish Stance: Comey, U.K. Elections Remain

Becoming a Better Trader: Developing Consistency

In this webinar, we discussed the importance of consistency in the trading process and steps to achieve it.


Becoming a Better Trader: Developing Consistency

ECB Drops Refence to Lower Rates, All Eyes on Draghi

The European Central Bank has kept all its monetary policy settings unchanged, as expected, but dropped a reference to a potential further cut in rates. Eyes turn now to President Mario Draghi’s press conference.


ECB Drops Refence to Lower Rates, All Eyes on Draghi

S&P 500 Technical Outlook – Headline Risk Threatens Constructive Posturing

The S&P is showing constructive price action after pulling off from highs, but a bevy of news flow could be a threat.


S&P 500 Technical Outlook – Headline Risk Threatens Constructive Posturing

AUD/USD Technical Analysis: 2017 Uptrend Holds Once Again

The Australian Dollarjumped to a two-month high against its US counterpart after bouncing from trend line support in place since the beginning of the year.


AUD/USD Technical Analysis: 2017 Uptrend Holds Once Again

Brexit Briefing: UK Election Result Crucial for Divorce Talks, GBP and FTSE

The result of today’s UK General Election will have a major impact on the Brexit talks due to begin in 11 days’ time, and therefore on the British Pound and London-listed stocks.


Brexit Briefing: UK Election Result Crucial for Divorce Talks, GBP and FTSE

EUR/AUD Strategy: Aiming to Test Below 1.48 Figure

The Euro has broken three-week support against the Australian Dollar, hinting that a top may be in place near the 1.52 figure and opening the door for deeper losses.


EUR/AUD Strategy: Aiming to Test Below 1.48 Figure

Gold Price Rally Stalls Before Comey Testimony, UK Election

Gold prices stalled after rising to a two-month high as markets braced for the outcome of the UK general election and testimony from former FBI director James Comey.


Gold Price Rally Stalls Before Comey Testimony, UK Election

Euro May Fall as the ECB Maintains Firmly Dovish Stance

The Euro may decline as the ECB opts to maintain a firmly dovish policy stance despite improving economic growth trends as progress on inflation remains elusive.


Euro May Fall as the ECB Maintains Firmly Dovish Stance

FTSE 100 Technical Outlook: Vulnerable Heading into Election Results

The footsie is positioned for lower prices as we head towards the outcome of today’s election, but we’ll take a reactionary stance in light of substantial headline risk.


FTSE 100 Technical Outlook: Vulnerable Heading into Election Results

EUR/USD Holds June Range- Outlook Hinges on ECB Forward Guidance

The European Central Bank (ECB) interest rate decision may shake up the near-term outlook for EUR/USD as officials release their updated forecasts.


EUR/USD Holds June Range- Outlook Hinges on ECB Forward Guidance

Asian Markets Trade Cautiously As UK Electoral Voting Kicks Off

Asian stock markets largely ignored plentiful local economic data as they awaited the day’s news out of the US and UK. Local data were plentiful, but largely overlooked


Asian Markets Trade Cautiously As UK Electoral Voting Kicks Off

Probability vs Potential Way Off for ECB, UK Election, Comey Testimony

Future market developments - whether known ahead of time or not - will inherently carry a measure of risk for traders.


Probability vs Potential Way Off for ECB, UK Election, Comey Testimony

Technical Analysis: ASX 200 Loses Its Grip On Key Support

Australia’s benchmark ASX 200 stock index is now just under a support line that hitherto had stopped the bears’ charges at every point so far this year.


Technical Analysis: ASX 200 Loses Its Grip On Key Support

Australian Dollar Skids On Big Trade Surplus Shortfall

The Australian Dollar was knocked by news that April’s official trade surplus in its homeland was only a little more than a quarter of what markets had been expecting.


Australian Dollar Skids On Big Trade Surplus Shortfall

Dollar, Euro, Pound, Global Equities All Sitting Ducks as Critical Event Risks Dawns

The upcoming session holds a number of high profile events with considerable market-moving potential. Yet, despite the risk these headlines pose to the rigid status quo.


Dollar, Euro, Pound, Global Equities All Sitting Ducks as Critical Event Risks Dawns

Japanese Yen Unfazed By Scary 1Q GDP Revision

Japanese Yen markets appear to be looking outward to international risk events, which was probably just as well for the currency given a major downward growth jolt.


Japanese Yen Unfazed By Scary 1Q GDP Revision

Crude Oil Volatility Steals the Show Ahead of Super Thursday

EUR took a bit of a hit early on an ECB report of lowered inflation forecasts, but the showstopper was the EIA Inventory Report showing Crude stockpiles had their largest positive net change since 2008.


Crude Oil Volatility Steals the Show Ahead of Super Thursday

Less-Dovish ECB to Fuel Shift in EUR/USD Behavior

The ECB rate decision may fuel the resilience in the EUR/USD exchange rate should President Mario Draghi & Co. alter the outlook for monetary policy.


Less-Dovish ECB to Fuel Shift in EUR/USD Behavior

Gold Prices: V-Shaped Reversal Runs into Resistance at April High

It's not a double top yet, but it could be. Resistance is showing at the April high in Gold prices, and with Mr. Comey's opening statement already well-known, has the bullish move in Gold prices run its course?


Gold Prices: V-Shaped Reversal Runs into Resistance at April High

USD/CAD Surges on Crude Oil Inventories Surprise

The USD/CAD has surged higher as US Crude Oil Inventories data suprises the market.


USD/CAD Surges on Crude Oil Inventories Surprise

ECB to Make-or-Break EURJPY – Watch This Range

Price is testing support with a well-defined range in focus heading into tomorrow’s rate decision. Here are the updated targets & invalidation levels that matter.


ECB to Make-or-Break EURJPY – Watch This Range

Video: A Market More Heavily Populated by Speculators Will Exude Their Traits

What happens when the risk takers are in control? That is the question we are faced with now in the markets.


Video: A Market More Heavily Populated by Speculators Will Exude Their Traits

GBP/USD Technical Analysis: The 300-Pip Box, post-Breakout

GBP/USD has built-in to an approximate 300-pip 'box' after the April-breakout. This box looks poised to give way, in one direction or the other, around the U.K. elections tomorrow.


GBP/USD Technical Analysis: The 300-Pip Box, post-Breakout

Dollar Technical Analysis: Is USD Weakness Overdone or Appropriate?

Dollar Index continues to trade to new 2017 lows without much relief in site ahead of an ECB meeting that could keep EUR bid.


Dollar Technical Analysis: Is USD Weakness Overdone or Appropriate?

Euro Holds June Range Despite Reports of ECB Inflation Downgrade

EUR/USD struggles to hold its ground ahead of the ECB interest rate decision amid reports the Governing Council will reduce its inflation forecast through 2019.


Euro Holds June Range Despite Reports of ECB Inflation Downgrade