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
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • 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:
  • All eyes on the Fed on Wednesday as investors weigh on chances of a taper announcement. Get your weekly equities forecast from @HathornSabin 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:
  • 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:
Gold Prices May Turn Lower on Upbeat Fed Beige Book

Gold Prices May Turn Lower on Upbeat Fed Beige Book

Ilya Spivak, Head Strategist, APAC


  • Gold prices rise as yields bond yields drop amid risk aversion
  • Crude oil prices pressured as stocks fall, US Dollar recovers
  • Upbeat Fed Beige Book survey may broadly hurt commodities

Gold prices rose for a second day, echoing a drop in Treasury bond yields that bolstered the appeal of non-interest-bearing alternatives. That has accompanied increased haven demand for US government debt as initial optimism following the weekend’s G20 leaders’ summit comes undone. Indeed, the bellwether S&P 500 stock index suffered the largest drop in two months Tuesday.

A rebound in the US Dollar capped the yellow metal’s gain’s however. The greenback roared higher after touching a two-week low intraday on convincingly hawkish comments from New York Fed President John Williams. He painted a rosy view of growth and inflation, arguing that gradual rate hikes will remain appropriate for the next year or so.

The Greenback’s recovery coupled with sentiment-derived headwinds wo weigh on crude oil prices. The WTI contract began to succumb to de-facto selling pressure as the currency rose from its intraday low and accelerated downward as stocks crumbled. News that Aramco – Saudi Arabia’s state-owned oil company – cut prices on crude exports to Asia probably amplified the down move.


Looking ahead, the Fed’s Beige Book survey of regional economic conditions is due to cross the wires. The report make take on new significance as markets try to make sense of the US central bank’s new messaging strategy. An upbeat tone signaling confidence in the pace of economic activity may boost rate hike bets, pushing USD higher and weighing on commodities by extension.

Learn what other traders’ gold buy/sell decisions say about the price trend!


Gold prices are testing resistance in the 1235.24-41.64 area once again. A break above it confirmed on a daily closing basis opens the door for a challenge of the 1260.80-66.44 zone. Alternatively, a move below rising trend support at 1206.22 targets the range floor in the 1180.86-87.83 region.

Gold price chart - daily


Crude oil prices put in a Shooting Star candlestick on a test of resistance at 53.33 (former support, falling trend line), pointing to indecision and hinting a turn lower may be ahead. A reversal below 49.16 (October 9, 2017 low) sees the next downside barrier at 45.62 (August 31, 2017 low). Alternatively, a daily close above 53.33 initially exposes former support at 55.24.

Crude oil price chart - daily


--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

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