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.



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
Wall Street
More View more
Real Time News
  • Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order? Get your market update from @FxWestwater here:
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • It was a big Q1 for $USDJPY but so far Q2 has been a far different tone. Which side will prevail? Get your market update from @JStanleyFX 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:
  • The RBA highlighting several key risks to the local economy in its semi-annual FSR may drive AUD lower against haven-associated currencies despite the expectation of strong Q1 GDP figures out of China. Get your market update from @DanielGMoss here:
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here:
  • Though the $SPX hit a record high through Friday, there was little momentum and far less correlation across various risk assets. Can we find more serious traction - or a reversal - amid earnings, inflation-Fed forecasting, US-China trade negotiations?
Technical Trade Levels: US Dollar, EUR/USD, GBP/USD, USD/CAD & Gold

Technical Trade Levels: US Dollar, EUR/USD, GBP/USD, USD/CAD & Gold

Michael Boutros, Strategist

New to Forex Trading? Get started with this Free Beginners Guide

US Dollar Surges Towards November High – Gold Prices Threatening Major Support

The dollar is on offense early in the week with the DXY challenging the objective monthly highs. We’re on the lookout for possible exhaustion this week on multiple Majors on the back of last week’s stretch. Gold remains at risk with price continuing to press major support here- looking for a reaction here. In this webinar we review updated technical setups on DXY, EUR/USD, GBP/USD, USD/CAD, NZD/USD, AUD/USD, Gold(XAU/USD), Crude Oil and SPX (S&P 500).

Why does the average trader lose? Avoid these Mistakes in your trading

Key Trade Levels in Focus

US Dollar – The index is approaching the monthly opening-range highs – look for resistance ahead of 98.39/45 early in the week. Initial support 98.15/13 with bullish invalidation raised to slope support around the 98-handle. A topside breach of the monthly highs would shift the focus towards the 61.8% retracement at 98.69. Review my latest US Dollar Price Outlook for a closer look at the DXY technical trade levels.

EUR/USD Euro opens he week just above near-term support at 1.1012/15 - looking for an exhaustion low while above critical support at 1.0982/94. Slope resistance stands near ~1.1030s backed by 1.1048- ultimately a breach above pitchfork resistance is needed to validate a larger reversal in price. Weakness beyond 1.0987 would risk substantial losses for euro with such a scenario targeting initial support objectives at the yearly low-day close at 1.0932. Review my latest Euro Price Outlook for a closer look at the EUR/USD technical trade levels.

GBP/USD – Sterling continues to contract into a multi-week range with GBP/USD holding just above support at 1.2818/37 into the start of the week. IF price is indeed heading lower, look for resistance head of 1.2929 with key resistance / bearish invalidation at 1.2990. A downside break still must contend with the objective yearly open at 1.2754- look for a larger reaction there IF reached. Review my latest British Pound Price Outlook for a look at the longer-term weekly technical levels.

USD/CAD Risk for topside exhaustion heading into the high-day close / 61.8% retracement at 1.3335/55. Initial support 1.3253 with a break below the monthly ascending channel needed to validate a turn in price. Review my latest Canadian Dollar Price Outlook for a closer look at the USD/CAD intraday technical trade levels.

GoldGold continues to test BIG support here at 1451 – a pivot below this region would represent considerable technical damage to bullion with such a scenario targeting 1433. Initial resistance stands at 1461 with near-term bearish invalidation at 1479. Looking for some exhaustion down here this week. Review my latest Gold Price Outlook for a closer look intraday technical trade levels.

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

Key Event Risk This Week

Economic Calendar - Key Data Releases

Economic Calendar - latest economic development and upcoming event risk

Learn how to Trade with Confidence in our Free Trading Guide

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex

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