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
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
  • (USD Weekly Tech) US Dollar Dominant Uptrend Back In Focus: EUR/USD, USD/JPY, NZD/USD, USD/CHF
  • What is your forex trading style? Take the quiz and find out:
  • Join @IlyaSpivak at 22:00 EST/2:00 GMT for his cross-market weekly outlook webinar. Register here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • *Reminder: Weekly Strategy Webinar Monday morning at 8:30am ET - Mid-Week Market Update on Wednesday at 9:30am ET -
  • 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:
  • (AUD Weekly Tech) Australian Dollar May Wilt, Downtrends Resume: AUD/USD, AUD/JPY, AUD/NZD, AUD/CAD
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
Markets Week Ahead: Gold, Dow, Euro-Area GDP, NFPs, BoE & RBA Eyed

Markets Week Ahead: Gold, Dow, Euro-Area GDP, NFPs, BoE & RBA Eyed

Rich Dvorak, Analyst

Markets gyrated wildly this past week as traders reacted to a barrage of headlines ranging from central bank commentary and high-impact economic data releases to big tech earnings and GameStop stock price volatility. Global PMI data was fairly mixed with economic activity in the US shining most bright and lockdown-burdened UK posting a deeper contraction. GBP/USD eked out a modest 0.12% gain week-on-week nonetheless.

The US Dollar strengthened more broadly, however, as USD/JPY spiked 0.94% higher and EUR/USD stumbled -0.31% lower. ECB official Klaas Knot jawboned the Euro lower by flirting with the idea of another interest rate cut and Fed Chair Jerome Powell reiterated how the FOMC intends on keeping monetary policy highly accommodative.

Major equity indices like the Nasdaq faced selling pressure despite better-than-expected earnings from Apple and Microsoft. Investors seemingly turned skittish and laid off risk after brokerages and clearinghouses intervened to curb collateral impact from GameStop mania.

The VIX ‘fear-gauge’ spiked above the 30-handle as S&P 500 Index sank -3.31% on the week. Bitcoin advanced 3.80% and snapped the crypto’s two-week stretch of weakness. Across the commodity complex, silver prices surged 5.31% while gold and crude oil lacked direction.

Looking to the week ahead, markets could be in store for more volatility. Scheduled event risk on the DailyFX Economic Calendar highlights upcoming interest rate decisions from the Reserve Bank of Australia and Bank of England, the release of Eurozone GDP data, as well as employment reports out of New Zealand, Canada, and the United States.

Furthermore, traders will likely keep an eye out for stimulus headlines with democrat-controlled congress set to take up President Biden’s $1.9-trillion fiscal aid package. Earnings reports from Pfizer, Google-parent Alphabet, and Amazon are also on tap to cross market wires next week. That all said, with month-end flows in the rearview mirror, liquidity conditions and trader sentiment stand out as two key drivers of where markets might head next. What else are our analysts expecting in the week ahead?


Euro Forecast: EUR/USD to Shrug Off Any Hints of an ECB Interest Rate Cut

Nobody is seriously expecting the ECB to cut Eurozone interest rates any time soon. It appears keen to persuade the markets that a reduction is possible but there’s little chance EUR/USD will react.

Stock Market Forecast for the Week Ahead: Will the Mania Continue?

US indices were thrown into disarray last week as an army of retail traders poured into stocks with heavy short interest like GameStop. What makes for an intriguing story is also immensely risky for the investors involved and will likely end in tears.

US Dollar Forecast: Where to After GameStop Short-Squeeze Rattled Markets?

The US Dollar may remain in a consolidative state as fundamental risks, such as fiscal stimulus bets, non-farm payrolls and “short-squeezing”, threaten broader stock market sentiment.

British Pound Outlook: Bank of England and Covid-19 will Drive GBP Price Action

The latest Bank of England (BoE) monetary policy decision will be the main focus for Sterling traders, but covid-19 stats and the EU/UK vaccination dust-up will also move GBP next week.

Crude Oil Forecast: Backwardation Hints at Gains with OPEC JMMC on Tap

Crude oil prices may continue to push higher ahead of OPEC’s JMMC meeting, on the back of futures curve backwardation, vaccination progress and a notable decline in global cases of Covid-19.

Gold Price Forecast: Is Gold at Risk From a US Dollar Turning Point?

Gold prices consolidating, however, US Dollar may present a risk.

AUD/USD Rate Outlook Hinges on February 2021 RBA Rate Decision

The Reserve Bank of Australia (RBA) interest rate decision may fuel the recent rebound in AUD/USD if the central bank retains the current course for monetary policy.



US Dollar Technical Forecast: DXY, EUR/USD, GBP/USD, AUD/USD

The broader US Dollar Index rebounded 0.71% last month amid rising volatility and fading EUR/USD strength. GBP/USD looks primed for a break and AUD/USD is contending with support.

Dow Jones Forecast: Will There be Another 10 Percent Price Drop?

The Dow Jones entered a technical correction after breaking the “Ascending Channel” formed since early November. MACD divergence points to bearish momentum that may lead to a deeper pullback.

Pound Technical Outlook: GBP/USD, Short & Medium-term Charts to Watch

GBP/USD has been trending higher in choppy fashion; channel and wedge formations to keep an eye on for further cues.

Mexican Peso Forecast: Bears Lose Control as USD/MXN Threatens to Break Above Key Resistance

USD/MXN is attempting to break above a descending trendline as buyers gain momentum.

AUD/USD, AUD/CAD Key Chart Patterns. Are Breakdowns Looming?

The Australian Dollar has formed bearish technical setups against its US and Canadian counterparts, with prices potentially setting up for significant breakdowns.

Gold, Silver Price Forecast: Silver Bid, Gold/Silver Ratio Breaks Down

Gold has continued to digest for much of the past six months, but this week saw Silver bulls show up in a very pronounced manner.


US Dollar Price Chart Weekly Performance vs Major Currencies and Gold

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