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
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 Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX!
  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • We are heading into the final trading days for the month of September and event risk thins out amid the $SPX's rebound. This is what history says for the 39th week of the year and here is my take on the variable factors:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
Gold Price Pivots Below $1296; EUR/USD Still in Uptrend

Gold Price Pivots Below $1296; EUR/USD Still in Uptrend

Jeremy Wagner, CEWA-M, Head of Education

This is a recording of a US Opening Bell webinar from August 14, 2017.

In this recording, we mention positive risk to reward ratios. Learn more about them and why they are important with this Traits of Successful Traders guide.

In today’s US Opening Bell webinar, we discussed technical Elliott Wave patterns on key markets for this week. Some of the key markets we analyzed include gold, oil, Dow Jones Industrial Average, EUR/USD, USD/JPY, AUD/USD.

Gold prices pivoted just below $1296 resistance keeping the door open for one last dip in the triangle pattern. If such a dip occurs, we are looking to the $1215-$1245 price zone as a terminal zone for the triangle. We are anticipating the triangle consolidation to give way to higher prices towards $1345.

Crude oil prices continue to grind sideways in a larger triangle. We are anticipating another retest of the $50.40 high so long as price remains above $47.71. For more study on how to identify and trade Elliott Wave triangles, register and watch this hour long webinar recording.

The bullish pattern in EUR/USD appears incomplete. Therefore, we will look to buy dips in the pair on an eventual retest of 1.19. It appears we may be getting close to the end of a third wave in an impulse (view a webinar recording on impulse patterns, how to identify and trade it). If so, then prices may begin softening a bit towards 1.12-1.13 in a fourth wave in the coming days.

IG client sentiment for EURUSD has remained net negative since April 18. This trend of 70% traders net short supports the longer term trend being to the upside. The current sentiment reading is -2.16. View the live trader positioning.

AUD/USD and USD/JPY are markets that appear vulnerable to the downside. A longer term top may have formed in AUDUSD. A breakout trade to new lows is a strategy to trade this market. USDJPY appears vulnerable to a new low below 1.08.

Check out our quarterly forecasts for USD, EUR, JPY, Gold and Oil back in late June.

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU

Discuss these markets with Jeremy in Monday’s US Opening Bell webinar.

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy’s recent articles at his Bio Page.

To receive additional articles from Jeremy via email, join Jeremy’s distribution list.

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