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
  • Heads Up:🇧🇷 Industrial Production YoY (JUN) due at 12:00 GMT (15min) Expected: 11.8% Previous: 24%
  • Heads Up:🇧🇷 Industrial Production MoM (JUN) due at 12:00 GMT (15min) Expected: 0% Previous: 1.4%
  • 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:
  • 🇲🇽 Consumer Confidence (JUL) Actual: 44.3 Previous: 44.3
  • 🇲🇽 Consumer Confidence (JUL) Actual: 44.3 Previous: 44.5
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.96%, while traders in France 40 are at opposite extremes with 79.08%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇲🇽 Consumer Confidence (JUL) due at 11:00 GMT (15min) Previous: 44.5
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.39% Silver: 0.26% Gold: -0.14% View the performance of all markets via
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇦🇺AUD: 0.45% 🇬🇧GBP: 0.24% 🇯🇵JPY: 0.17% 🇪🇺EUR: 0.12% 🇨🇦CAD: -0.05% View the performance of all markets via
Gold Prices Rise Amid Lingering US Fiscal Policy Uncertainty

Gold Prices Rise Amid Lingering US Fiscal Policy Uncertainty

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Gold prices rise as “Trump trade” unwinding resumes
  • Crude oil prices unable to fully capitalize on weak USD
  • Follow-through likely but headline risk a potent threat

Gold prices are on the upswing to start the trading week as “Trump trade” unwinding returns with gusto. The US Dollar is facing heavy selling pressure, which has understandably translated into support for anti-fiat assets including the yellow metal.

Crude oil prices managed to find a bit of support in a weakening of the US but the move appeared decidedly more restrained relative to other beneficiaries of the greenback’s woes across the asset spectrum. Skepticism about the supportive powers of OPEC’s supply cut deal may explain this apparent inability to capitalize.

A relatively uneventful docket of scheduled event risk in the hours ahead suggests established momentum has scope to continue. The markets’ sensitivity to headline risk is almost certainly elevated however, warning that the threat of snap reversals is an especially acute one.

Where will crude oil and gold prices go in the first quarter? See our forecasts here.

GOLD TECHNICAL ANALYSISGold prices may be topping after putting in a bearish Dark Cloud Cover candlestick pattern but follow-through has been lacking thus far. From here, a break below 1199.80 on a daily closing basis targets the 14.6% Fibonacci expansion at 1182.06. Alternatively, a push above the 38.2% Fib retracement at 1219.20 targets the 1248.98-50.65 area (50% level, June 24 low).

Gold Prices Rise Amid Lingering US Fiscal Policy Uncertainty

CRUDE OIL TECHNICAL ANALYSISCrude oil prices still look as though a Head and Shoulders topping pattern may be taking shape. A daily close below the 50.25-69 area (38.2% Fibonacci retracement, January 10 low) would confirm the setup, exposing the 50% level at 48.72 as the next downside threshold. Alternatively, a break above the 23.6% Fib expansion at 53.75 targets the 55.21-65 zone (January 3 high, 38.2% expansion).

Gold Prices Rise Amid Lingering US Fiscal Policy Uncertainty

--- 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.