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DailyFX, the free news and research website of leading forex and CFD broker FXCM, delivers up-to-date analysis of the fundamental and technical influences driving the currency and commodity markets. With nine internationally-based ... more

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Crude Oil Outlook: IEA Report Sends Price Skyward Ahead Of US-Iran Talks
Rising confidence in the global economic recovery is helping to push oil prices higher as well as other energy products. US crude oil prices broke into a fresh multi-year high on Friday, rising above the $71.00 level which hasn’t been hit since 2018.
GBP/USD Weekly Forecast: Last Chance For Currency Volatility On FOMC Meeting
As FX volatility continues to dwindle, so does the excitement. The Pound largely sticking to a 1.4080-1.4200 range for much of the week and subsequently, the currency has more or less finished the week where we started.
Inflation (CPI), The Fed & ECB – FinTwit Trends To Watch
U.S. CPI data beats estimates.
Crude Oil, Gold Price Outlook: US Lifts Sanctions On Some Iranians, Inflation Ignored
Crude oil prices traded little changed over the past 24 hours. This is despite breaking news that the US lifted some sanctions on former Iranian officials.
DAX 30 & FTSE 100 Wedge Breaks Look Imminent, Catalyst Required
The DAX 30 runs the risk of becoming rangebound if a bearish break is posted. The FTSE 100 has established a longer-term rising wedge dating back to January.
British Pound (GBP) Price Outlook: GBP/USD, EUR/GBP Seen Stable After US CPI, ECB
GBP/USD will take its cue from this session’s US inflation figures, while EUR/GBP traders will react to the latest decision by the ECB on Eurozone monetary policy.
Gold Price Outlook: XAU/USD Eyes Fastest Expected Core Inflation Rate Since 1993
Anti-fiat gold prices aimed cautiously lower over the past 24 hours despite the 10-year Treasury yield closing at its lowest point in over 3 months.
Gold Prices Eye $1900 As Chinese PPI Beat Signals Building Price Pressures
Gold prices traded modestly higher after falling -0.37% a day ago, as weakening Treasury yields and a cheaper US Dollar boosted the appeal of the non-interest-bearing metal.
Gold Price Chart Posts Bullish "Golden Cross" Formation, Will It Rally?
Gold bulls will need to avoid further taper talk that could spark a USD rally and cripple gold gains.
S&P Stirs Near Highs, Russell 2000 Breakout Ahead Of Inflation, FOMC
At this point, equities look to be fairly optimistic around the drivers sitting ahead. The S&P 500 sits just below the all-time-high while the Russell 2000 appears a bit more vulnerable to pullback themes.
BTC/USD Outlook: Bitcoin Nearing Bearish Breakout
Bitcoin has been unable to hold an attempted rebound as the crypto is now resting just above a key Fibonacci support area, after undoing last week’s rebound and falling another 18% since Friday.
Gold Prices See Pressures Building At $1,900, ETF Outflows An Ominous Sign
Gold prices retreated slightly during Tuesday’s APAC session after surging 1.5% over the past two days.
Bitcoin Falls To Critical Support As Wall Street Stutters On G-7 Global Minimum Tax
Bitcoin is up against a major support level well defined by the 61.8% Fibonacci retracement level from the late May swing low/high. Technically, Bitcoin is in a weak position, below its 20-, 50-, and 200-day Simple Moving Averages.
Crude Oil Price Forecast: Traders Set Sights Above $70 With Uptrend Intact
Crude oil trades just shy of $70, a level it has not surpassed since late 2018. Strong economic data and continued economic reopenings may help drive demand and price gains.
US Dollar Sentiment Weakens, EUR Longs Pick Up, CAD Consolidates - COT Report
While sentiment in the greenback has deteriorated, major USD pairs continue to trade in narrow ranges during this low vol period.
Canadian Dollar Price Forecast: USD/CAD Ahead Of BoC - Loonie Levels
From the weekly chart, USD/CAD is at its most oversold level since November of 2007. The spot price was below parity at that point and quite a bit has changed since.
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