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
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
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.09% Gold: -0.49% Silver: -0.77% View the performance of all markets via
  • US Senator Mitt Romney: I am very optimistic about the bipartisan infrastructure plan $USD $DXY
  • USD/CAD hits its highest level in a month, briefly trading above 1.22 prior to Wednesday's FOMC meeting $USDCAD
  • WTI crude oil has room to rally further. Around the 77 mark lies substantial long-term resistance. Get your #crudeoil market update from @PaulRobinsonFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 75.59%, while traders in France 40 are at opposite extremes with 80.14%. See the summary chart below and full details and charts on DailyFX:
  • Markets are trading like the Fed is tomorrow and Ronaldo is on the TV scoring goals. How many people are going to watch the US close vs France-Germany?
  • webinar starting right now pre-FOMC price action setups around the $USD. Topics - 1. usd setups ahead of the fed 2. expectations on taper and what's in store for tomorrow 3. gold and oil, commodities the focal point
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.09% France 40: 0.07% Germany 30: 0.01% US 500: -0.18% Wall Street: -0.25% View the performance of all markets via
  • CBOE to extend global trading hours for VIX and SPX options to nearly 24 hours beginning Nov. 21, 2021 #VIX $SPX
  • $USDCAD now at r2 next spot on my chart 2250 covering in webinar in 30 mins
Bitcoin (BTC), Ethereum (ETH) Back Down After Wild Weekend

Bitcoin (BTC), Ethereum (ETH) Back Down After Wild Weekend

James Stanley, Senior Strategist

Bitcoin (BTC), Ethereum (ETH), Dogecoin (Doge), Cardano (ADA) Talking Points:

  • Both Bitcoin and Ethereum saw prices fall heavily this weekend after Elon Musk put the energy expenditure behind crypto mining in the spotlight last week.
  • Dogecoin, which is similarly a proof-of-work coin, like Bitcoin and Ethereum remained supported above .4500. Musk continues to speak optimistically of Doge, the original creators of the coin, both of whom have offered remarks recently, not as much.
  • Cardano is often looked at as an energy-efficient coin, and started the weekend with a strong rally before pulling back on Sunday.

It was another wild weekend in the crypto world, with Elon Musk as the center of attention. Musk offered a one word tweet of ‘indeed,’ in response to an accusation that he and Tesla may dump their BTC holdings; at least partially driven by the way the crypto world has reacted to last week’s news that the carmaker will stop accepting BTC as payment.

He later clarified that Tesla has not yet sold any of their Bitcoin holdings, but the cryptocurrency hasn’t yet recovered and prices pushed back to around three-month-lows. The support of note appears to be around 42,500, which is very near the 61.8% Fibonacci retracement of the January-April bullish move.

Bitcoin (BTC/USD) Four-Hour Price Chart

Bitcoin four hour price chart

Chart prepared by James Stanley; Bitcoin on Tradingview

Ethereum Trend Stalled

Bitcoin wasn’t the only crypto currency on its back foot this weekend, as Ethereum also continued to pull back after a really strong start to the month of May. Ethereum does offer some alternative benefits to Bitcoin, namely in the anticipated move towards Ethereum 2.0 which is advertised as being more energy efficient.

In the effort of relative comparisons, a Fibonacci retracement has been applied to the January-May major move of Ethereum below. And while Bitcoin wrestles with the 61.8% retracement, Ethereum has put in a clean test and, so far, a bounce from the 38.2% retracement.

To learn more about Fibonacci, check out DailyFX Education

ETH/USD Daily Price Chart

Ethereum price chart

Chart prepared by James Stanley; Ethereum on Tradingview

Dogecoin Holds Up Above .4500

One crypto currency that held up fairly well this weekend was Dogecoin, which was originally created as a joke, and this weekend, we heard from the original duo that created the meme-coin. Jackson Palmer tweeted-and-deleted a disparaging remark towards Musk, calling him a ‘self-absorbed grifter.’

Musk continued to opine optimistically about Dogecoin, after last weekend’s SNL episode saw him say (albeit in a skit) that ‘it’s a hustle.’

There is an item of divergence here: Musk is focusing now on Dogecoin versus Bitcoin but, the very same reason that drove Tesla away from BTC is an issue with Dogecoin, as well, as it’s a proof-of-work coin that requires energy to be mined. When asked on Twitter whether this was ever a concern, the other creator of Dogecoin, Billy Markus, remarked ‘I made doge in like two hours i [sic] didn’t consider anything.”

At this point, Doge is still sitting above the .4500 area, and it does not appear as though the bullish enthusiasm in this coin is yet deadened.

Dogecoin Four-Hour Price Chart

Dogecoin four hour price chart

Chart prepared by James Stanley; Dogecoin on Tradingview

Cardano Begins to Make Waves

Now that the world is more focused on energy expenditure behind crypto mining, the natural next step is to look towards ‘green cryptos.’ Cardano is an option there and on Saturday, as both Bitcoin and Ethereum were selling off, Cardano was spiking.

Our own Tammy Da Costa wrote about Cardano earlier this morning, and this may be a coin to watch for those following the crypto space.

Cardano Daily Price Chart

Cardano Daily Price Chart

Chart prepared by James Stanley; Cardano on Tradingview

--- Written by James Stanley, Senior Strategist for

Contact and follow James on Twitter: @JStanleyFX

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