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
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
  • Last week’s march higher in EUR/USD may well extend further after Friday’s Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy. Get your weekly Euro forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Cable is pulling off after a strong run; near-term weakness may be the theme before trying to rally again. Get your weekly GBP technical forecast from @PaulRobinsonFX here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • USD/CAD has bounced off a key support area on Friday and could potentially charge higher in the coming week as risk-aversion over coronavirus fears has started to dominate market moves. Get your weekly CAD technical forecast from @DColmanFX 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 slipped last week after the Federal Reserve calmed taper timeline talks. Friday’s non-farm payrolls figure may rekindle upside USD bets if it impressive. Get your weekly USD forecast from @FxWestwater here:
Gold Prices May Extend Drop, AUD/USD At the Mercy of China Q1 GDP

Gold Prices May Extend Drop, AUD/USD At the Mercy of China Q1 GDP

Daniel Dubrovsky, Strategist

Asia Pacific Market Open Talking Points

Trade all the major global economic data live as it populates in the economic calendar and follow the live coverage for key events listed in the DailyFX Webinars. We’d love to have you along.

FX News Tuesday

The British Pound underperformed against its major counterparts on Tuesday, pressured by the latest Brexit headlines. Reports crossed the wires that talks between UK Prime Minister Theresa May and Opposition Leader Jeremy Corbyn stalled, putting pressure on the nation after recently having gained a withdrawal extension until October 31. This leaves Sterling at risk if signs of negotiation limbo continues.

Weakness in GBP allowed for the US Dollar to gain ground after declining in the lead-up to Wall Street market open. Around this time, US front-end government bond yields started rallying shortly after the United Health released its earnings report. Its earnings per share (EPS) beat expectations and the company increased adjusted EPS estimates for the remainder of this year.

A combination of US Dollar gains and a rise in local bond yields acted as an adverse double whammy for anti-fiat gold prices. This is because the commodity has no interest-bearing qualities, leaving it vulnerable to a stronger Greenback and lower government bond prices. Technical warning signs do hint that it might be readying to extend losses from gold’s peak in February.

Gold Technical Analysis

XAU/USD dropped over 0.8% on Tuesday, extending its losing streak to four days which is the longest since early March. The precious metal has just barely cleared a range of support between 1285 and 1276. As such, this may open the door to further losses after the formation of a bearish Evening Star in late February. Near-term support appears to eb the rising trend line from August around 1260 at the time of this writing.

XAU/USD Daily Chart

Gold Prices May Extend Drop, AUD/USD At the Mercy of China Q1 GDP

Chart Created in TradingView

Wednesday’s Asia Pacific Trading Session

The pro-risk New Zealand Dollar is off to a troubling start on Wednesday following a worse-than-expected local inflation report that increased RBNZ rate cut bets. S&P 500 and Nikkei 225 futures also declined, perhaps on rising concerns of dovish turns in major central banks as global growth slows. This will next be tested on upcoming China first quarter GDP which I will be covering LIVE.

Data out of the world’s second-largest economy has been tending to increasingly outperform relative to economists’ expectations. If this is the case later today, this may inspire some market confidence and send equities higher after a mixed session on Wall Street overall. As such, the anti-risk Japanese Yen is at the mercy of equities and how market mood develops in the near-term.

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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