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
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 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.19% Gold: -0.06% Silver: -0.28% View the performance of all markets via
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.13% 🇬🇧GBP: 0.04% 🇨🇭CHF: 0.02% 🇨🇦CAD: -0.01% 🇦🇺AUD: -0.07% 🇳🇿NZD: -0.12% View the performance of all markets via
  • British Pound Technical Analysis: GBP/USD, GBP/AUD, GBP/CAD, GBP/NZD #GBP #Sterling $GBPUSD $GBPAUD $GBPCAD $GBPNZD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.45%, while traders in Wall Street are at opposite extremes with 79.42%. See the summary chart below and full details and charts on DailyFX:
  • 🇨🇳 Industrial Profits (YTD) YoY (JUN) Actual: 66.9% Previous: 83.4%
  • 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:
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (JUN) due at 01:30 GMT (15min) Previous: 83.4%
  • Nasdaq 100 at Record High as Tesla Earnings Beat, Will Hang Seng Rebound?
  • Please join @FxWestwater at 22:00 EST/2:00 GMT for a webinar on preparing to trade commodities markets in the week ahead. Register here:
  • The Nasdaq 100 index climbed 0.09% to a record high, lifted by large-cap stocks such as Tesla (+2.21%), Alphabet (+1.33%) and Amazon (+1.18%).
Trading Outlook – US Dollar, Gold/Silver Price, S&P 500 & More

Trading Outlook – US Dollar, Gold/Silver Price, S&P 500 & More

Paul Robinson, Strategist

Paul conducts webinars Tuesday – Friday each week. For details and a full line-up of upcoming live events, please see the DailyFX Webinar Calendar.

In today’s webinar, we discussed a few different markets and where they may be headed over the short-term. First up, we looked at the US Dollar Index (DXY) and its continuing grind higher, with a resolution to the recent grind coming soon. Maybe next week with the FOMC rate decision on the 15th. USDCHF has a rising wedge which is soon set to break, and with that we would look for the EURUSD to make good on what appears to be a bottoming formation. GBPUSD is falling towards a support zone of critical mass. The question is, will the grind lower turn into a capitulation style move, or is it the sign of lack of conviction by sellers. We looked at a prior period from last year where price action was similar and it led to a squeeze higher; a strong daily turn would be our cue that this will be the case once again.

We also examined several cross-rates which included – EURJPY, GBPJPY, EURAUD, EURNZD, USDMXN, USDZAR and a few others.

The rout in precious metals continues, with gold and silver not having any good support levels for a little distance lower. However, selling into this sharp decline doesn’t hold good risk/reward and will want to wait and see how a correction unfolds before possibly looking to take advantage of further weakness into noted support levels.

Crude oil finally made a strong break from the ascending wedge it had been building for quite some time. The drop comes as no surprise given how long large futures speculators are. There is trend-line support in the area, but given the momentum on the initial drop out of a period of congestion, there looks to be more downside on the way, possibly down as far as the low 40s.

The Nikkei 225 is perking up again, looking like 20k wants to come soon. The DAX has once again defended the December trend-line, and is in the process of completing a rising wedge. Appetite for stocks, globally, remains healthy and so an upside break looks probable towards the 2015 record highs, but a downside break could bring a lot of momentum as longs liquidate quickly. The S&P 500 tested some good support yesterday, now looking to shove higher or possibly consolidate for a period of time. Generally, the bias remains bullish at this time.

For full technical considerations, please see the video above.

Trading Ideas and Guides

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

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