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
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.63% Silver: 0.61% Gold: 0.03% View the performance of all markets via
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.30% 🇦🇺AUD: 0.07% 🇨🇦CAD: 0.00% 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.09% 🇯🇵JPY: -0.24% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.56%, while traders in France 40 are at opposite extremes with 80.47%. See the summary chart below and full details and charts on DailyFX:
  • 🇦🇺 Retail Sales MoM Final (MAR) Actual: 1.3% Previous: -0.8%
  • Heads Up:🇦🇺 Retail Sales MoM Final (MAR) due at 01:30 GMT (15min) Previous: -0.8%
  • Dow Jones, Hang Seng, ASX 200 Outlook: Big NFP Miss Defies Tapering Fears
  • Please join @IlyaSpivak at 22:00 EST/2:00 GMT for a cross-market weekly outlook webinar. Register here:
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • Optimism about post-Covid recovery drove capital from tech and into cyclical sectors, boosting the Dow Jones and pulling down the Nasdaq 100. Inflation expectations hit a multi-year high. Will this trend be sustained? Market update from @margaretyjy here:
  • 8 out of 9 Dow Jones sectors ended lower, with 76.7% of the index’s constituents closing in the red. Industrials (+1.15%), communication services (+1.03) and financials (+0.93%) were among the best performers, while consumer staples (-0.21%) trailed behind.
Gold Hindered by Dollar Rebound

Gold Hindered by Dollar Rebound

Oliver Morrison, Analyst
Gold Hindered by Dollar Rebound

Fundamental Forecast for Gold: Bearish

  • Prime Minister May's official letter to start the Brexit proceedings haven't added to the Pound's troubles
  • Moving forward, focus remains on the UK's separation through negotiation progress and friction
  • Top scheduled event risk ahead for the Sterling includes BoE Governor's speech, UK trade, PMIs

Gold is suffering as a strong US GDP data rekindles Fed rate hike speculation. Last week, gold prices rallied for a second consecutive week with the metal up more than 1.56% to amid continued weakness in the Greenback, owing to increasing hesitancy over the so-called ‘Trump trade’ -- the DXY was down 0.70% in the week, leaving gold virtually unchanged for the month of March. It’s also been a decent three months for gold prices, which are up over 7% on the quarter: that’s more than the gains enjoyed by the Dow and S&P500 over the same period.

But gold prices suffered the largest drop in a month yesterday as the US Dollar rose from its four-month lows alongside Treasury bond yields, sapping demand for anti-fiat and non-interest-bearing assets. The priced-in Fed rate hike outlook firmed, with the year-end level for the target Fed Funds rate implied in futures prices rising by the most in two weeks.

The move followed an unexpectedly large upside revision on fourth-quarter US GDP figures. The US economy grew by 2.1% year-on-year in the fourth quarter of 2016, slightly higher than 2.0% expected by analysts.

The positive economic data likely means the Fed remains on course to raise interest rates at least twice this year, and probably more, providing ongoing support for the Dollar. It also follows hawkish comments regarding the US interest rate policy from several Fed members earlier in the week.

This is all bad news for gold prices, although support has been seen at the $1,240 level. However, political risks may change that narrative next week, as Donald Trump meets his Chinese counterpart President Xi Jin Ping at his Mar-a-Lago retreat in Florida. Trump says this highly anticipated meeting "will be a very difficult one." If it drives risk aversion in the markets, then gold could enjoy some more upside potential.

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