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
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
GBP/USD
Bullish
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
More View more
Real Time News
  • 🇯🇵 Balance of Trade (SEP) Actual: ¥-622.8B Expected: ¥-519.2B Previous: ¥-637.2B https://www.dailyfx.com/economic-calendar#2021-10-19
  • Heads Up:🇦🇺 Westpac Leading Index MoM (SEP) due at 00:00 GMT (15min) Previous: -0.3% https://www.dailyfx.com/economic-calendar#2021-10-20
  • Heads Up:🇯🇵 Balance of Trade (SEP) due at 23:50 GMT (15min) Expected: ¥-519.2B Previous: ¥-635.4B https://www.dailyfx.com/economic-calendar#2021-10-19
  • RT @Peter__Wood: @JKempEnergy Lots of copper demand on the horizon. Source https://t.co/qX6K1SAVRO https://t.co/WQr7kuf2sU
  • The New Zealand Dollar made new highs against the Japanese Yen but remained in a range trading environment against the Swiss Franc. Will NZD/CHF make new highs? Find out here: https://t.co/ULGSBe2tex https://t.co/YOxSxTKtqy
  • Gold prices are under pressure after China growth slowed and New Zealand inflation surged, with investors pricing in more aggressive central bank policy outlooks, which is supporting bond yields.Get your market update from @FxWestwater here:https://t.co/9Jiy8IKqQv https://t.co/YEib0pnKjk
  • Energy has been on a tear, with crude oil having recently broke above a major long-term threshold. Right around 77 was big resistance from a decade ago. Get your market update from @PaulRobinsonFX here:https://t.co/H9vnIzWSa1 https://t.co/KUs252TdkY
  • RT @BrendanFaganFx: Nasdaq 100 Outlook: Tech Stocks Continue Higher as Netflix Posts Strong Q3 Results $QQQ $NFLX $NDX $NQ_F Link: https:…
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.94% 🇦🇺AUD: 0.85% 🇬🇧GBP: 0.45% 🇨🇦CAD: 0.11% 🇨🇭CHF: 0.10% 🇯🇵JPY: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JYVEZt8eqW
  • The Sterling breakout has is extended into uptrend resistance.. Get your market update from @MBForex here:https://t.co/UZuP6gAzi0 https://t.co/ytV4l5X3NG
Gold Holds Up at $1200, SPX 500 Remains in Consolidation Mode

Gold Holds Up at $1200, SPX 500 Remains in Consolidation Mode

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • US Dollar Falls Short of Piercing Monthly Range Top
  • S&P 500 in Digestion Mode After Setting Record High
  • Crude Oil Stalls Below $63, Gold Holds Up at $1200

Can’t access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. **

US DOLLAR TECHNICAL ANALYSIS – Prices issued its largest advance in a month but prices failed to overcome range resistance to secure a breakout. Near-term resistance is in the 11854-76 area (14.6% Fibonacci expansion, March 2009 high), with a break above that on a daily closing basis exposing the 23.6% level at 11963. Alternatively, a below the 14.6% Fib retracementat 11740 opens the door for a challenge of the 23.6% threshold at 11653.

Gold Holds Up at $1200, SPX 500 Remains in Consolidation Mode

Daily Chart - Created Using FXCM Marketscope

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

S&P 500 TECHNICAL ANALYSIS – Prices paused to digest gains after advancing to yet another record high. A daily close above the 14.6% Fibonacci expansion at 2121.80 exposes the 23.6% level at 2133.70. Near-term support is at 2102.60, the February 23 low.

Gold Holds Up at $1200, SPX 500 Remains in Consolidation Mode

Daily Chart - Created Using FXCM Marketscope

GOLD TECHNICAL ANALYSIS – Prices has stalled above interim support at 1197.86, the 61.8% Fibonacci retracement. A break above the intersection of trend line support-turned-resistance and the 50% level at 1218.80 exposes the 38.2% Fib at 1239.73. Alternatively, a turn below 1197.86 targets the 76.4% retracement at 1171.96.

Gold Holds Up at $1200, SPX 500 Remains in Consolidation Mode

Daily Chart - Created Using FXCM Marketscope

CRUDE OIL TECHNICAL ANALYSIS – Prices launched a recovery as expected, with buyers now attempting to reclaim momentum after a brief pullback. A break above the 23.6% Fibonacci expansion at 61.98 exposes the February 17 high at 62.98, followed by the 38.2% level at 64.58. Alternatively, a reversal below the 14.6% Fib at 60.38 targets resistance-turned-support at 58.17.

Gold Holds Up at $1200, SPX 500 Remains in Consolidation Mode

Daily Chart - Created Using FXCM Marketscope

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES