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
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
  • Bitcoin and Litecoin are moving higher after Tesla CEO Elon Musk's Twitter dealings injected volatility into the crypto market. Get your #cryptocurrency market update from @FxWestwater here:
  • 9 out of 11 S&P 500 sectors ended lower, with 79.2% of the index’s constituents closing in the red. Energy (-2.63%), industrials (-1.47%) and financials (-1.34%) were among the worst performers, whereas real estate (+0.17%) outperformed.
  • Gold Price Forecast: XAU/USD Bid on Weak Dollar, Softer Yields -via @DailyFX Link to Full Analysis: $XAUUSD $GLD $GC_F
  • The US Dollar is losing ground against a few ASEAN counterparts. USD/SGD, USD/IDR and USD/PHP seem to be maintaining a downside bias. USD/THB may rise. Get your market update from @ddubrovskyFX here:
  • Treasury Sec. Yellen: - Investments and tax proposals in "Jobs Plan" will enhance net profitability of corporations, improve global competitiveness - These are investments to make the economy more competitive and sustainable
  • Treasury Sec. Yellen: - Corporate sector must bear its fair share, plan to return corporate tax toward the historical norm - We will target incentives for companies to move funds, operations overseas
  • Treasury Sec. Yellen: - We must improve public R&D to maintain America's technological edge - We must build support systems to improve quality of life and opportunities for those most impacted by wealth inequality
  • Treasury Sec. Yellen: - We must reorient the framing of US fiscal policy - Poor US fiscal policy has meant infrastructure wasn't maintained or modernized
  • Treasury Sec. Yellen: - Innovation required from public & private sector to improve the economy - We must invest in public infrastructure and institutions that drive productivity
  • Treasury Sec. Yellen: - Wage gains and profits have benefitted the top families in America - Middle class families have faced wage stagnation
Technical Trade Levels: US Dollar, EUR/USD, USD/CAD, GBP/USD & Gold

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

Michael Boutros, Strategist

US Dollar Testing Major Yearly Uptrend Support - Gold Prices Rip into Major Resistance

It’s the start of a new month / quarter / year and the US Dollar is testing multi-year trend support into the open. The position leaves the immediate decline off the October highs vulnerable early in the month and we’re looking for an exhaustion recovery to fade in the greenback. Meanwhile, gold prices have surged into a critical long-term resistance target which is likely to interrupt / cap the recent rally near-term. In this webinar we review updated technical setups on DXY, EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, Gold(XAU/USD), Silver (XAG/USD), Crude Oil, and SPX (S&P 500).

Key Trade Levels in Focus

US Dollar – The US Dollar Index is trading just above multi-year upslope support. The immediate downside bias is vulnerable into the start of the week – key lateral support 95.98-96.14look for a larger reaction there IF reached. Initial resistance 97.30 with bearish invalidation 97.71/87. Review my latest US Dollar Price Outlook for a closer look at the longer-term weekly DXY technical trade levels.

EUR/USD Euro opens the week just below a critical resistance range at 1.1187-1.1209 – looking for a reaction off this mark early in the week with the immediate advance vulnerable while below. Initial support 1.1140 backed by near-term bullish invalidation at 1.1110 – both levels of interest for possible exhaustion IF reached. A topside breach / close higher targets 1.1250 and 1.1282-1.1306. Review my latest Euro Price Outlook for a closer look at then longer-term weekly EUR/USD technical trade levels.

GBP/USD – Sterling is trading within a wide range and a re-work of the daily chart highlights the risk for a test of upslope support before resumption higher. Initial resistance at 1.32 backed by 1.3281-1.3310 – look for failure ahead of this region IF price is indeed heading lower first. Downside support objectives at 1.3049 and 1.2990 – a break / close below 1.2907 would suggest a larger correction is underway. Review my latest Sterling Price Outlook for a look at the longer-term GBP/USD technical trade levels.

USD/CAD – Price is testing confluence support into the open at 1.2971 – looking for a reaction here early in the week. Resistance at 1.3050 backed by 1.3086 (near-term bearish invalidation). A break lower exposes subsequent support objectives at 1.2916 and 1.2861/84. Review my latest Canadian Dollar Price Outlook for a closer look at the USD/CAD intraday technical trade levels.

GoldGold is testing critical, long-term, Fibonacci resistance at 1586 – the long-bias is at risk while below this threshold. Initial support now 1522/26 with bullish invalidation set to the monthly / yearly open at 1520. A topside breach exposes 1626. Review my latest Gold Price Outlook for a closer look at the longer-term XAU/USD 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

---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.