Australian Dollar Talking PointsAUD/USD extends the decline from the monthly high (0.7891) as the update to the US Consumer Price Index (CPI) shows a larger-than-expected rise in inflation, and the exchange rate may continue to give back the advance from the start of May as it carves a series...
Update: The price of gold is trading at $1,836.81 at the time of writing and is up on the day by some 0.30%. The bulls, however, are backing off on what could be profit-taking as the US dollar stabilises within a narrow range on Monday vs a basket of...
Gold Price Forecast:Gold Price Forecast: Can Gold Stage a Major Breakout?Gold jumped to its highest price since February this week as it moved to test the topside of a longstanding downtrend. While the precious metal has bled lower since August, a recent uptick in inflationary fears amid white-hot data...
AUD/USD lost its traction before reaching 0.7900 on Monday. Copper prices erased gains after reaching new record-high. US Dollar Index stays in a consolidation phase a little above 90.00. The AUD/USD pair advanced to its highest level since late February at 0.7891 on Monday but reversed its direction during...
USD/CAD is tracking the lower greenback and broadly stronger commodity prices in the month of April and May. Bears take on bullish commitments at the early Sep 2017 lows.  At the time of writing, USD/CAD is trading at 1.2084 and is down some 0.3% after travelling from a high of 1.2103...
Learn Technical analysis: Main Talking PointsTechnical analysis is a popular field of study for FX and commodities traders as it can help to make trading decisions with an eye on risk management. At DailyFX, our analysts and strategists share several different technical analysis methodologies and practices in their reviews...
US President Joe Biden said on Monday that they need to stay focused on creating jobs and beating the coronavirus pandemic, as reported by Reuters. Additional takeaways "We're moving in the right direction on economic growth." "In the months to come, the US will see the...
DOW JONES FUNDAMENTALFORECAST: BULLISHDow Jones gained 11.4% while the Nasdaq 100 fell 0.2% since early February Rising commodity prices sent the 5-year breakeven inflation rate to a 13-year highReflation hopes may continue to buoy Dow Jones as the US and Europe prepare to ease lockdownsThe reflation theme appears to...
Chicago Federal Reserve Bank President Charles Evans said on Monday that unemployment benefits could have partly affected April employment along with schools and child care, as reported by Reuters. Additional takeaways "Optimistic that we're going to get back to strong employment numbers." "Unemployment insurance benefits are generous,...