News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
More View more
Real Time News
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
Guest Commentary: Gold & Silver Daily Outlook 08.15.2012

Guest Commentary: Gold & Silver Daily Outlook 08.15.2012

Lior Cohen: Commodities Analyst,

The prices of precious metals declined again for the second straight day. Will this weakness in the bullion market continue? The Euro Area GDP contracted during the second quarter of 2012 by 0.2%. This news may have contributed to the decline of not only the Euro but also bullion rates. On the other hand, the positive news from the U.S on the rise in retail sales may have helped rally major commodities prices. U.S PPI rose by 0.3% during last month, while core PPI increased by 0.4%. This news tends to be negatively related with the prices of precious metals. On today's agenda: the Minutes of the MPC Meeting, U.S Core CPI, and U.S. TIC Long Term Purchases.

On Tuesday, Gold slipped by 0.65% to $1,602.1; Silver also edged down by 0.01% to $27.85. During August, gold declined by 0.77%; silver, by 0.24%.

As seen below, the chart presents the changes of normalized prices of precious metals in during the month (normalized to 100 as of July 31st). During August gold and silver remained nearly unchanged.

Guest_Commentary_Gold_Silver_Daily_Outlook_August_15_2012_body_Gold__August_15.png, Guest Commentary: Gold & Silver Daily Outlook 08.15.2012

On Today's Agenda

U.S Core CPI: during June, the core CPI rose by 0.2% (M-o-M) and the index increased over the last 12 months by 2.2%; the CPI remained unchanged last month;

U.S. TIC Long Term Purchases: The Treasury InternationalCapital report will present the changes in the purchases and sales of US long term treasuries in June 2012. In the previous report regarding May 2012, the net foreign sales of U.S Treasuries longer-term notes reached $55 billion;

Currencies / Bullion Market –August Update

The Euro/ USD changed direction again and edged down on Tuesday by 0.09% to 1.2322. Further, other currencies including AUD also depreciated on Tuesday. The linear correlation between gold and Euro is still robust: during the past several weeks, the correlation between the gold and EURO/USD was 0.50 (daily percent changes). Therefore, if the Euro will trade down against the USD, it could also pull down precious metals.

Daily Outlook

Gold and silver prices continued to trade down and as long as there is no big surprise from the U.S or Europe the bullion market will remain at their respective range. The upcoming U.S reports including CPI and TIC Long Term Purchases could affect bullion prices as indicated above.

Finally, if the Euro and other "risk currencies" will continue to dwindle against the USD it could contribute to the decline of precious metals rates.

For further reading: Gold & Silver | Weekly Outlook August 13-17

By: Lior Cohen, M.A. in Economics, Commodities Analyst and Blogger at Trading NRG

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to

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