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
Bearish
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
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
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
USD/JPY
Bullish
More View more
Real Time News
  • Increased rate bets following June's FOMC rate decision roiled markets, including commodities. Crude oil received a boost on Iran's election, while gold and copper look to incoming inflation data out of the US. Get your market update from @FxWestwater here:https://t.co/iGAO4dasIU https://t.co/gpx3AWiTmX
  • RT @BrendanFaganFx: Bitcoin (BTC) Analysis: Dead Cat Bounce After Death Cross, or New Bull Market? #Bitcoin #Ethereum #Dogecoin $BTC $ETHU…
  • (3/3) If that is the case, then US inflation could increase in areas like food, dinning, travel, etc... Thus, CPI risks remaining high, which could continue bolstering the case for sooner-than-expected #Fed tapering #Treasury yields could resume gains and remain elevated
  • (2/3) The Fed's case is that inflation is transitory, especially as the initial effects of the low-base impact and supply chain bottlenecks fade Might inflation jump around? If desire to travel & go out are high, consumers willingness to pay more for these services may rise
  • (1/3) Food for thought: According to a survey from @Discover, 70% of US consumers feel a desire to travel again, but... Cost of destination was reported to determine where 87% of them may go 66% of consumers are planning trips 1 - 6 days length https://t.co/CeIBvSBadw
  • The Canadian Dollar may have more room to weaken looking at a Loonie index. USD/CAD is struggling to confirm a push above the 100-day SMA, watch the 4-hour chart for near-term clues. Get your market update from @ddubrovskyFX here:https://t.co/ezLH8Ky4a0 https://t.co/Pola0jZbvP
  • 🇯🇵 Foreign Bond Investment (19/JUN) Actual: ¥979.7B Previous: ¥410.6B https://www.dailyfx.com/economic-calendar#2021-06-23
  • Heads Up:🇯🇵 Foreign Bond Investment (19/JUN) due at 23:50 GMT (15min) Previous: ¥410.6B https://www.dailyfx.com/economic-calendar#2021-06-23
  • 8 out of 11 S&P 500 sectors ended lower, with 60.2% of the index’s constituents closing in the red. Utilities (-1.05%), materials (-0.62%) and consumer staples (-0.57%) were among the worst performers, whereas consumer discretionary (+0.63%) and financials (+0.27%) outperformed. https://t.co/do1bTGvCfE
  • Biden Adviser Ricchetti says meeting on infrastructure was very good - BBG
Gold Follows Through; Rally Could Derail at 1366

Gold Follows Through; Rally Could Derail at 1366

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Gold Follows Through; Rally Could Derail at 1366

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“The drop to a new low does satisfy minimum expectations for wave C. Gold has turned up just shy of the ideal 1236 level. Above 1283 would suggest that the larger trend has reversed.”

-1331 is probably a reaction level but stronger resistance is seen from possible bearish triangle resistance at 1366.

LEVELS: 1285 1295 1306 | 1331 1342 1366

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

DISCLOSURES