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EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Monthly Forex Seasonality - May 2021: Sell in May and Go Away? Not for USD, Stocks
2021-05-08 19:00:00
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD
2021-05-07 15:30:00
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Crude Oil Forecast: Oil Prices Edge Lower Toward Trend Support
2021-05-08 15:30:00
Oil Price Rally Vulnerable Amid Failure to Test March High
2021-05-06 14:30:00
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Dow Jones & Nasdaq 100 Technical Forecasts for the Week Ahead
2021-05-08 08:00:00
Dollar Tumbles, Dow Hits Record Highs and Dogecoin Traders Tune In
2021-05-08 05:00:00
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
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Monthly Forex Seasonality - May 2021: Sell in May and Go Away? Not for USD, Stocks
2021-05-08 19:00:00
Gold Price Forecast: Falling Real Rates, Inflation Concerns to Buoy XAU/USD
2021-05-08 18:00:00
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Monthly Forex Seasonality - May 2021: Sell in May and Go Away? Not for USD, Stocks
2021-05-08 19:00:00
British Pound Forecast: UK GDP Report to Go Unnoticed as BoE Tapers QE
2021-05-07 16:00:00
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
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Monthly Forex Seasonality - May 2021: Sell in May and Go Away? Not for USD, Stocks
2021-05-08 19:00:00
Live Data Coverage: April US Nonfarm Payrolls w/ Christopher Vecchio, CFA
2021-05-07 11:15:00
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  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/nHXiNJhLes
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  • $USDCAD sold off aggressively last week, putting it into position to test the important 2017 low; trading bias is neutral to bearish. Get your market update from @PaulRobinsonFX here: https://t.co/sphxUAW9TB https://t.co/ZhsTeJOOM8
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  • The pro-risk Australian Dollar may extend gains after the record miss in US jobs data, amplifying dovish rhetoric from the Federal Reserve and keeping the Dow Jones and S&P 500 intact. Get your market update from @ddubrovskyFX here: https://t.co/yf8mPX3O3W https://t.co/uCCmjaxUhF
  • Who else is keeping close tabs on Dogecoin $DOGE this weekend? All eyes on Elon Musk @elonmusk, the proverbial 'Dogefather,' and his Saturday Night Live @nbcsnl performance kicking off at 11:30PM ET. The #crypto is already looking nice and perky following that trendline break! https://t.co/nrQsnlUqWj https://t.co/4lOz6NLQTG
  • There is some very interesting event risk over the opening half of this coming week of trade. It starts with Elon Musk hosting SNL tonight for Dogecoin traders and moves into US inflation data to as means to stir the ongoing Fed debate and Dollar https://www.dailyfx.com/forex/video/daily_news_report/2021/05/08/Dollar-Tumbles-Dow-Hits-Record-Highs-and-Dogecoin-Traders-Tune-In.html https://t.co/LXhjv7ToWC
  • It was a big week for Gold bulls and Gold prices broke out to fresh two-month-highs, finally taking-out the 1800 level along the way. Get your market update from @JStanleyFX here: https://t.co/D222Ni37Dv https://t.co/KcMYyx3Ro4
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/PjywaPeUsl
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AUD/CAD Uptrend Continues

AUD/CAD Uptrend Continues

Thomas Long, Course Instructor

This pair offers a way to take advantage of the strong AUD without having exposure to the USD ahead of US elections on November 2nd. Those election results could cause volatility in the markets and uncertainty up until the results are final. I would continue to look for buys on this pair as long as the market remained above the .97869 low noted on the chart.

AUDCAD_body_70672d1288103036-trend-day-audcad-1026.png, AUD/CAD Uptrend Continues

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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