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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
Low
High
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
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:💶 Balance of Trade (APR) due at 09:00 GMT (15min) Previous: €15.8B https://www.dailyfx.com/economic-calendar#2021-06-15
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/JyxgSYYRzc
  • Please join @MartinSEssex at 5:30 EST/9:30 GMT for a webinar on trading sentiment. Register here: https://t.co/diCwqqa7eS https://t.co/LdEUF5aReq
  • UK confirms that it has agreed a post-Brexit trade deal with Australia $GBP $AUD
  • FX options expiries of note $EURUSD 1.2150-60 (588mln) $EURGBP 0.8600-10 (1.1bln) $USDJPY 110.00 (1.26bln) $AUDUSD 0.7725-30 (1bln)
  • ECB's Rehn says accommodative financing conditions are a key element to supporting the Euro Area economic recovery - Recent faster inflation in the Euro Area is due to one off and temporary factors, adds that there are no signs of a rise in broader price pressures
  • 🇮🇹 Inflation Rate YoY Final (MAY) Actual: 1.3% Expected: 1.3% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-06-15
  • Demand for the first bond backing EU recovery fund rises to over EUR 107bln, spread set at 2bps below mid-swap level $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 74.18%, while traders in France 40 are at opposite extremes with 77.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/TQG0SzZVUh
  • Heads Up:🇮🇹 Inflation Rate YoY Final (MAY) due at 08:00 GMT (15min) Expected: 1.3% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-06-15
Top Trade Idea 2020: Long Gold as Central Banks Remain Accommodative and Inflation Rebounds

Top Trade Idea 2020: Long Gold as Central Banks Remain Accommodative and Inflation Rebounds

Rich Dvorak, Analyst

The performance of gold was quite solid in the first half of 2019 and even outpaced the rally in major equity indices like the Dow Jones for part of the year. Yet, a rebound in sovereign yields since September – spurred largely by a flood of risk appetite in response to an apparent de-escalation in the US-China trade war – weighed negatively on spot gold prices due to the inherent relationship between bullion and interest rates.

GOLD PRICE CHART (AUGUST 2006 TO DECEMBER 2019) (Chart 1)

XAUUSD Chart

The rally in spot gold prices ran out of steam on September 04 when the commodity printed its 2019 high near the $1,555 mark, which aligns roughly with the September 2011, December 2011 and May 2012 monthly lows. This area of technical confluence is also underpinned by the 61.8% Fibonacci retracement level of the August 2011 to December 2015 bearish leg recorded by spot XAU prices.

-- Written by Rich Dvorak, Junior Analyst for DailyFX.com Connect with

@RichDvorakFX on Twitter for real-time market insight

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

DISCLOSURES