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
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • Technical analysis of charts aims to identify patterns and market trends by utilising differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true. Simplify your trading strategy with these four indicators here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • “The UK and EU have agreed to return to the negotiating table to try to agree a post-#Brexit trade deal. But on Friday, a joint statement said ‘significant divergences’ remained.” - BBC News #GBP
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here:
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here:
  • The rising wedge is a popular reversal pattern that is predictive in nature and can give traders a clue to the direction and distance of the next price move. Incorporate the rising wedge in your trading strategy and learn more here:
  • Both the S&P 500 and $EURUSD will enter the coming week with momentum to their back. What can trip up the rallies? What could keep them going? My overview for the week ahead:
  • After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council. Get your $EURUSD market update from @MartinSEssex here:
Gold Post-Fed Rally Continues to Unravel: $1100 Support in Focus

Gold Post-Fed Rally Continues to Unravel: $1100 Support in Focus

2015-09-22 17:00:00
David Song, Strategist

Talking Points:

- Gold Searches for Support as Post-Fed Rally Continues to Unravel.

- AUD/USD Risks Further Losses on Weakening Outlook For China.

- USDOLLAR Topside Targets in Focus as Bullish Pattern Takes Shape.

For more updates, sign up for David's e-mail distribution list.



Chart - Created Using FXCM Marketscope 2.0

  • Following the failed attempt to test the monthly opening range ($1148), gold prices remains at a risk for a further decline as the downward from earlier this year remains intact; looking for a break of the bullish formation on the Relative Strength Index (RSI) to favor a move back towards near-term support around $1102 (78.6% expansion) to $1103 (23.6% retracement).
  • May see market participants continue to treat the precious metal as a currency rather than an alternative to fiat-currencies amid rising interest rate expectations in the U.S. along with the disinflationary environment across the major industrialized economies.
  • DailyFX Speculative Sentiment Index (SSI) shows retail crowd remains net-long XAU/USD since late-August, with the ratio approaching recent extremes as it climbs to +1.19 as 54% of traders are long.


AUD/USD Daily Chart
  • AUD/USD stands at risk of resuming the long-term bearish trend amid the lack of momentum to close back above former support around 0.7220 (23.6% expansion) to 0.7240 (100% expansion).
  • Even though China’s Purchasing Managers Index (PMI) is expected to show a slower rate of contraction in manufacturing, a dismal print may further dampen the appeal of the Australian dollar as fears of slower growth may put increased pressure on the Reserve Bank of Australia (RBA) to further embark on its easing cycle.
  • With the recent string of lower highs & lows, a close below 0.7080 (38.2% expansion) to 0.7090 (78.6% retracement) may open up the next downside region of interest coming in around 0.6950 (161.8% expansion) to 0.6970 (50% expansion).

Join DailyFX on Demand for Real-Time SSI Updates Across the Majors!

Read More:

Price & Time: GBP/USD - Seasonality vs. Symmetry

The Weekly Volume Report: Accumulation or Distribution in USD/JPY?

USDOLLAR(Ticker: USDollar):





Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index






Gold Post-Fed Rally Continues to Unravel: $1100 Support in FocusUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • The post-Fed rebound remains favored as the Dow Jones-FXCM U.S. Dollar carves a string of higher highs & lows during the last full-week of September; may see a continuation of the long-term trend as the central bank stays on course to normalize monetary policy in 2015.
  • Beyond the key data prints coming out of the U.S. economy, will keep a close eye on the Fed rhetoric on tap this week as Chair Janet Yellen, Atlanta Fed President Dennis Lockhart, St. Louis President James Bullard and Kansas City Fed President Esther Georgeare schedule to speak later this week; may see the dollar resilience continue should the officials endorse a rate hike later this year.
  • USDOLLAR may have carved a higher-low in the longer-term sequence amid the sharp rebound, with the next topside region of interest coming in around 12,049 (78.6% retracement).

Join DailyFX on Demand for Real-Time SSI Updates!

Gold Post-Fed Rally Continues to Unravel: $1100 Support in Focus

--- Written by David Song, Currency Analyst

To contact David, e-mail Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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