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
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:
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
Gold & Silver Price Analysis – Breakdowns Have Key Support in Focus

Gold & Silver Price Analysis – Breakdowns Have Key Support in Focus

Paul Robinson, Strategist

Gold/Silver Technical Highlights:

  • Gold broke triangle, pressure on multi-month slope
  • Silver could soon be looking at support from Oct/Nov

See what drivers DailyFX analysts expect to move Gold in the coming weeks in the Q1 Gold Forecast.

Gold broke triangle, pressure on multi-month slope

Last week, in a couple webinars we looked at the well-defined symmetrical triangle forming in gold and noted that a breakdown out of the pattern should have it first testing the slope from late August. With it there now along with low from January 4, the beginning of the triangle, we’re at an important crossroad.

A break below 1276 will have a trend-line from November under fire but seen as having a better than 50/50 likelihood of also breaking. If that is the case, then we have to go down a bit before we find any meaningful support, with the 200-day MA falling towards the October swing-high at 1243.

Gold may not decline that far before finding sponsorship, but support will have to arrive without the help of any highly visible levels. On the flip-side, a hold here despite the break in the triangle could keep gold in play for a false pattern breakdown out of the pattern that leads to a drive higher towards the 1305/10-area. This will require an almost immediate turn-around and seen as the low probability outcome.

Check out the IG Client Sentiment page to see how changes in trader positioning can help signal the next price move in gold and other major markets.

Gold Daily Chart (At crossroads)

Gold daily chart, at cross-roads

Silver could soon be looking at support from Oct/Nov

Silver continues to be viewed as the weaker of the two major precious metals. It’s been like that for quite some time and until stronger silver vs. gold becomes a consistent theme, I’ll continue to run with the notion that silver will outperform on the downside. The breakdown from resistance could soon have the 14.90/70 support zone from the fall in focus if the 200-day doesn’t prove to hold much weight right here.

Silver Daily Chart (Oct/Nov support look to be next)

Silver daily chart, Oct/Nov support look to be next

Resources for Forex & CFD Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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