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
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
  • #Gold is consolidating slightly higher this week, around $1,850, after the precious metal's failed attempt at breaking above the $1,870 level last week. $XAU $GLD
  • US 10yr yields have notably tightened, falling from 1.10% yesterday to trade around 1.04% today. Yields still remain elevated in 2021 compared to earlier in the pandemic. $GOVT $IEF $USD
  • Hey traders! Get your Tuesday market update from @DailyFX Chief Strategist @JohnKicklighter 👇
  • $EURGBP is currently trading around 0.8855, nearing the lows set around 0.8840 last week. A break below this level would mark the pair's lowest level since May. $EUR $GBP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 70.50%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.50% Gold: -0.17% Oil - US Crude: -0.27% View the performance of all markets via
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.49% 🇬🇧GBP: 0.40% 🇦🇺AUD: 0.35% 🇪🇺EUR: 0.10% 🇯🇵JPY: 0.07% 🇨🇭CHF: 0.06% View the performance of all markets via
  • The DAX is breaking lower out of a short-term topping sequence, the pattern discussed on Thursday as having the potential to at least induce a pullback within the context of a larger uptrend. Get your #DAX market update from @PaulRobinsonFX here:
  • Yellen officially sworn in as Treasury Secretary by VP Harris. $USD
  • Gold Price Forecast: XAU/USD Resistance Bound Ahead of the Fed $Gold
Gold Price Outlook Bullish on FOMC Rate Decision & US Relief Bill

Gold Price Outlook Bullish on FOMC Rate Decision & US Relief Bill

Dimitri Zabelin, Analyst


  • Gold prices may rise on FOMC rate decision and upbeat outlook
  • Republican relief bill proposal could boost inflation expectations
  • Economic stabilization amplifying gold’s anti-fiat hedge appeal

FOMC Rate Decision: Optimism May Push XAU/USD Higher

Gold prices may rise following the FOMC rate decision and subsequent press briefing by Fed Chairman Jerome Powell. While market participants are largely expecting for the Fed to keep rates unchanged, positive commentary on the outlook could boost expectations for future price growth. Gold’s attribute as an anti-fiat hedge may outshine other assets in this environment and push the precious metal higher.

XAU/USD, US Dollar Index Chart

XAUUSD vs USD Price Chart

Source: Bloomberg

Furthermore, reinforcing the narrative of economic stabilization could put a discount on haven-linked assets like the Greenback. Consequently, a weaker US Dollar could amplify XAU/USD’s rally. The Fed’s swelling balance sheet – which now sits just shy of $7 trillion – and use of the Main Street Lending Program may also increase gold’s allure as an anti-fiat hedge under the assumption that these measures will boost inflation.

Follow me on Twitter @ZabelinDimitri for more market updates!

US Fiscal Talks May Boost Inflation Prospects

Last Thursday, Treasury Secretary Steven Mnuchin said that he and White House Chief of Staff Mark Meadows were looking over the “final details” for another stimulus bill. He also added that a payroll tax holiday – vocally advocated for by US President Donald Trump – will not be included in the upcoming aid package. Having said that, Mr. Mnuchin said that such a measure may appear in future legislation.

Senate Majority Leader Mitch McConnell said Republicans will unveil a virus-relief bill early this week. Lawmakers are feeling the heat as the $600/week unemployment benefit – signed into law in March – is set to expire. While friction in cross-aisle talks may rattle gold, the details of the release and response by Democrats – if positive – could be a tailwind for XAU/USD.

Economic Stabilization May Inspire Bright Outlook on Inflation

Signs of economic stabilization across both developed and frontier economies – and a number of statements from officials suggesting that the economy “bottomed out” in April – is helping to bolster sentiment. Anticipation of improved economic activity has also increased inflation expectations and polished gold’s appeal as an anti-fiat hedge.

On the chart below is gold prices against the US 5-Year breakeven rate. The latter is the difference between yields of nominal and inflation-linked Treasuries. The spread helps to derive inflation expectations.

Gold Prices, US 5 Year Breakeven Inflation Rate

Gold and inflation

Source: Bloomberg

The combined, unprecedented monetary and fiscal stimulus measures of both the Federal Reserve and federal government within such a short period of time could result in price growth spiking. While many geopolitical and economic complications could derail the recovery, the narrative of continual improvement and future expectations may continue to support gold’s rally – at least in the week ahead.

--- Written by Dimitri Zabelin, Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitriTwitter

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