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
Oil - US Crude
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
  • 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: https://t.co/ADSC4sIHrP https://t.co/FCKcgAxFkR
  • China National Health Commission says will resolutely cope with Covid-19 outbreak in Nanjing City and related infections
  • 💶 Inflation Rate MoM Flash (JUL) Actual: -0.1% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 🇮🇹 Inflation Rate YoY Prel (JUL) Actual: 1.8% Expected: 1.7% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 Inflation Rate YoY Flash (JUL) Actual: 2.2% Expected: 2% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 Unemployment Rate (JUN) Actual: 7.7% Expected: 7.9% Previous: 8% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 Core Inflation Rate YoY Flash (JUL) Actual: 0.7% Expected: 0.8% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 GDP Growth Rate QoQ Flash (Q2) Actual: 2% Expected: 1.5% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 💶 GDP Growth Rate YoY Flash (Q2) Actual: 13.7% Expected: 13.2% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2021-07-30
  • US Dollar Looking for a Lifeline in PCE Inflation Data - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/07/30/US-Dollar-Looking-for-a-Lifeline-in-PCE-Inflation-Data.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #USD #Dollar #PCE #inflation
Gold Breaks Downward Sloping Channel

Gold Breaks Downward Sloping Channel

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold Breaks Downward Sloping Channel

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Commodity Analysis: “Gold’s rebound from the 61.8% retracement of the rally from 1522 and former resistance (June-August 2012 highs) is constructive but the near term picture is defined by roughly 1650 and 1700. A break of that zone will present the next directional opportunity.” The break below channel support is enough to turn bearish for what may be the beginning of a larger breakdown.

Commodity Trading Strategy: Short against 1690.

LEVELS: 1563 1590 1626 1652 1673 1686

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

DISCLOSURES