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
Wall Street
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
  • 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 US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX 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 Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX 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 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:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
Gold, Crude Oil Prices Overlook US Consumer Confidence Jump

Gold, Crude Oil Prices Overlook US Consumer Confidence Jump

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Gold prices continue to mark time above $1100/oz figure
  • Crude oil prices await direction cues near monthly high
  • Holiday liquidity drawdown may boost kneejerk volatility

Gold and crude oil prices continue to mark time in familiar territory amid thin holiday trade. Yesterday’s upbeat US Consumer Confidence report did not inspire a meaningful response and on-coming home sales data will probably fall on deaf ears as well. The figures’ implications for near-term Fed policy trends are limited at best considering that – by central bank officials’ own admission – much depends on execution of the incoming Trump administration’s fiscal program.

With that in mind, sideways trade seems likely to continue. This should not be a reason for complacency however. Kneejerk volatility can be amplified by diminished liquidity if the markets are startled by a particularly potent unforeseen news-flow.

See the schedule of upcoming webinars and join us LIVE to follow the financial markets!

GOLD TECHNICAL ANALYSISGold prices remain in digestion mode above the $1100/oz figure. A break below the 38.2% Fibonacci expansionat 1120.72 exposes the 50% level at 1099.91. Alternatively, reversal back above the 23.6% Fib at 1146.47 confirmed on a daily closing basis targets the 14.6% expansion at 1162.35.

Gold, Crude Oil Prices Overlook US Consumer Confidence Jump

CRUDE OIL TECHNICAL ANALYSISCrude oil prices continue to consolidate near monthly swing highs. A daily close above resistance in the 54.66-55.15 area (38.2% Fibonacci expansion, trend line) exposes the 50% level at 56.11. Alternatively, a turn below horizontal pivot support at 51.91 targets the 38.2% Fib retracement at 49.80.

Gold, Crude Oil Prices Overlook US Consumer Confidence Jump

--- Written by Ilya Spivak, Currency Strategist for

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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