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
  • 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:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
Crude Oil Prices Struggle as Gold Eyes US Government Shutdown

Crude Oil Prices Struggle as Gold Eyes US Government Shutdown

Ilya Spivak, Head Strategist, APAC

Talking Points:

Crude oil prices are finding no support in headlines suggesting OPEC and Russia may continue to coordinate production efforts beyond the current supply cut scheme expiring at the end of the year. That’s after the IEA said it expects “explosive” US production growth on Friday. Incoming JODI data on global exports and output trends may help tip scales one way of another, at least in the near term.

Meanwhile, gold prices are curiously under pressure even as the ongoing US government shutdown weighs on sentiment, pressuring bond yields downward. That might have been expected to lift the standard-bearer for non-interest-bearing assets. FTSE 100 and S&P 500 index futures are pointing lower before London and New York come online however, hinting a bounce may yet materialize if risk aversion gains momentum.

What do retail traders’ bets suggest about gold price trends? Find out here!

GOLD TECHNICAL ANALYSISGold prices turned lower after producing a Shooting Star candlestick coupled with negative RSI divergence, as expected. From here, a move below resistance-turned-support at 1325.96, the January 4 high, exposes the 1303.32-08.38 area (38.2% Fibonacci retracement, January 10 low). Alternatively, a push above the 38.2% Fib expansion at 1342.49 targets 1353.03 (trend line, 50% level).

Crude Oil Prices Struggle as Gold Eyes US Government Shutdown

Chart created using TradingView

CRUDE OIL TECHNICAL ANALYSISCrude oil prices edged lower after putting in a bearish Evening Star candlestick pattern but a confirmed reversal remains elusive for now. Breaking below the 23.6% Fibonacci retracement at 62.81 on a daily closing basis exposes the 38.2% level at 61.53. Near-term resistance remains at 64.89, the January 15 high.

Crude Oil Prices Struggle as Gold Eyes US Government Shutdown

Chart created using TradingView

--- 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.