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.



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
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • 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:
  • 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:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 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:
  • Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order? Get your market update from @FxWestwater here:
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX 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:
Gold Prices Eye Diverging US Dollar, Bond Yields for Direction

Gold Prices Eye Diverging US Dollar, Bond Yields for Direction

Ilya Spivak, Head Strategist, APAC


  • Gold prices to weigh diverging yields, US Dollar in risk on/off trade
  • Crude oil prices stall to digest as chart positioning warns of topping
  • French GDP, US consumer confidence may stoke slowdown worries

Gold prices rose worries about slowing global growth continued to weigh on bond yields, improving the relative appeal of non-interest-bearing assets. The US Dollar offered a bit of reinforcement, correcting lower and offering a familiar lift to anti-fiat alternatives. Crude oil prices stalled, digesting after Friday’s broad-based de-risking.


Looking ahead, French GDP and US consumer confidence figures headline the data docket. If the former brings a downgrade of fourth-quarter growth estimates while the latter disappoints bets on a second month of improvement, global slowdown fears may be reinforced. Recent news-flow has tended to undershoot relative to baseline forecasts.

Lending rates may fall further if the markets’ disposition remains defensive, pressuring gold upward. Gains may be capped if the Greenback rediscovers its capacity to attract haven-seeking capital flows. It has tended to do so recently when sentiment has become particularly dour. A more straight-forwardly negative response is likely from oil in this scenario but keeping an eye on incoming API inventory data is prudent.

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


Gold prices are testing resistance at 1326.30, with a break higher confirmed on a daily closing basis opening the door to revisiting the February swing high at 1346.75. Overall positioning still hints at the outlines of a choppy Head and Shoulders top but putting this scenario back in active play needs a turn below support in the 1303.70-09.12 area. Confirmation would then require a break of the pattern’s neckline, now at 1282.44.

Gold price chart - daily


Crude oil prices continue to hover above three-month rising trend support, with a bearish Evening Star candlestick pattern hinting that a top may be taking shape. The setup needs a break below the 57.24-88 area for confirmation, exposing the 55.37-75 zone next. Alternatively, a breach above the 38.2% Fibonacci expansion at 60.45sets the stage for a test the 50% level at 62.28.

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.