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DailyFX is the leading portal for financial market news covering forex, commodities, and indices.

Australian Dollar Outlook: Tied to Biden Stimulus Bets, S&P 500, US Dollar, Treasuries

Australian Dollar Fundamental Forecast: NeutralAustralian Dollar strength may cool ahead on stimulus uncertaintyRising Treasury yields putting on breaks for US Dollar weaknessKey event risk to watch: Chinese 4Q GDP, Australian jobs report The growth-linked Australian Dollar spent most of this past w

Euro Forecast: EUR/USD Week Ahead Outlook Poor, ECB Meeting in Focus

Fundamental Euro Forecast: NeutralAfter the recent falls in EUR/USD there are plenty of reasons to still be bearish, including weak German economic growth, another political crisis in Italy and a slow vaccine rollout in the EU.Moreover, little is expected from the coming week’s ECB meeting, with all

Gold Price Outlook Mired by Spike in US Treasury Yields

Gold Talking PointsThe price of gold tumbles to a fresh weekly low ($1834) following the US Non-Farm Payrolls (NFP) report, and higher US Treasury yields may keep the precious metal under pressure as the Federal Reserve lays out an outcome based approach for monetary policy. Fundamental Forecast for

GBP/USD Weekly Forecast: GBP/USD Rally Out of Steam?

GBP/USDFUNDAMENTAL HIGHLIGHTS:GBP REJECTS RESISTANCEBOE DOWNPLAYS NEGATIVE RATESMARKET SENTIMENT TO DICTATE GBPGBP REJECTS RESISTANCE: In what has been relatively choppy week for FX markets, GBP/USD eked out minor gains of 0.2% (at the time of writing), while EUR/GBP headed towards key multi-month s

US Dollar Rebound in Focus Ahead of US Presidential Inauguration

US Dollar Talking PointsThe US Dollar Index (DXY) breaks out of the range bound price action from the first of January amid the recent pullback in global equity prices, and key market themes may continue to influence the reserve currency as the Greenback still reflects an inverse relationship with i

Sterling Q1 2021 Forecast: Starting to Look a Better Prospect

Advertisement EU/UK Terms of TradeBank of England (BoE) – Ready and Willing to Write More Cheques Covid-19 – Vaccination Program Key in Months AheadThis year has been a difficult one for Sterling traders with the uncertainty surrounding Brexit compounded by the economic and human devastation caused

Japanese Yen Fundamental Forecast 1Q 2021: a Haven When Few Want it

JAPANESE YEN FUNDAMENTAL FORECAST – Q1, 2021The Japanese Yen is without much love heading into 2021Global stimulus eroding market volatility, boosting stocksRisks to watch in Q1: Senate runoffs, evictions, Covid cases Advertisement Coming Soon! Download the NEW 1st Quarter Forecast Live on Monday on

US Dollar 1Q 2021 Forecast: Safe Haven Status Versus Fading Growth Position

US Dollar Fundamental Forecast Talking Points:Through the final quarter of the 2020 (up until December 18th), the Dollar dropped against the majors between 7.5% in NZDUSD and 2.2% with USDJPYProminent themes like the Covid-19 spread and vaccine as well as stimulus debates have weighed the Dollar but

Canadian Dollar Eyes Bank of Canada Rate Decision as Covid-19 Cases Rise

Chart created with TradingView OUTLOOK: BearishBank of Canada (BOC) Rate DecisionThe Canadian Dollar will be closely watching the Bank of Canada rate decision following the latest meeting on July 15. Officials have warned that while the Canadian economy has somewhat reopened, the road to recovery wi

Australian Dollar 1Q 2021 Forecast Upbeat as RBA Rejects Negative OCR

The Australian Dollar has outperformed its US counterpart throughout the fourth quarter of 2020, with AUD/USD trading at its highest level since June 2018 as the Reserve Bank of Australia (RBA) continues to rule out a negative interest rate policy (NIRP). Coming Soon! Download the NEW 1st Quarter Fo

Sterling Q1 2021 Forecast: GBP/USD Closing a Tumultous Year on the Front Foot

Download the NEW 1st Quarter Forecast Live on Monday on our Free Trading Guides Page! GBP/USD Outlook – Less Uncertainty and a Soft USD Backdrop.EUR/GBP Outlook – Modest GBP Upside Against EUR on a Trade Deal. Advertisement There is a long-standing argument among market analysts - which is more impo

New Zealand Dollar Outlook: NZD/USD May Rise on RBNZ, Watch S&P 500

Chart created with TradingView New Zealand Dollar Fundamental Forecast: NeutralNew Zealand Dollar rose after GDP data, Robertson speechNZD/USD could appreciate more on the RBNZ rate decisionHowever, downside potential in S&P 500 may offset increaseDespite a third consecutive week of losses for t

Gold 1Q 2021 Forecast: Gold Outlook Bullish Headed into First Quarter, with Caveats

Advertisement Gold Price 1Q’20 Forecast Overview:While the 1Q’21 gold price outlook is bullish, there are some caveats – mainly, that gold may not be the best performing metal, precious or otherwise.Silver prices have a recent historical precedent to suggest that they are likely to lead gold prices

Euro 1Q 2021 Forecast: Can the ECB Curb the Euro's Strength?

EUR price outlook for 1Q 2021The ECB seems to have run out of ammunition in its battle to keep EUR/USD below the 1.20 level.The clear break above 1.20 in December suggests the ECB is now unable to curb the Euro’s strength and that further gains are likely in the weeks ahead. Advertisement Coming Soo

USD/CAD bullish - back into range

#USD/CAD# Pair is trading inside a range for an extended period of time. USD is slightly bullish and back inside a range vs CAD which is moderately strong in the basket of currencies (mainly driven by OIL which is up 1,80% on the day as I write this article). The sentiment is equity po

Pull-up Update