Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight Continue Reading…
Author: James Stanley | DailyFX
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Search Web: Fibonacci Confluence on FX Pairs
New Zealand reported positive trade data for May as the New Zealand Dollar gained against the US Dollar following a technical victory overnight. Continue Reading…
Author: Thomas Westwater | DailyFX
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Search Web: New Zealand Dollar Forecast: Improved Trade Balance, Westpac OCR Update to Lift NZD?
The Canadian Dollar has recovered lost ground against its USD peer over the last few trading sessions, but the Loonie might weaken again with USD/CAD looking like it wants to head higher. Continue Reading…
Author: Rich Dvorak | DailyFX
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Search Web: Canadian Dollar Price Outlook: Will USD/CAD Resume its Rally?
The Federal Reserve released stress test results for major US financial institutions on Thursday, with banks showing strong health and sufficient capitalization. Continue Reading…
Author: Brendan Fagan | DailyFX
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Search Web: Major Banks Pass Fed Stress Test With Flying Colors, Paving the Way for Dividends and Share Buybacks
Discover how policies and interest rate hikes of central banks impact forex and trading decisions. Continue Reading…
Author: Richard Snow | DailyFX
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Search Web: How Central Banks Impact the Forex Market
High-growth technology stocks listed on the Nasdaq 100 look to be back in the driver’s seat as the popular reflation trade loses steam and drags the Dow Jones lower. Continue Reading…
Author: Peter Hanks | DailyFX
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Search Web: Nasdaq 100 Outpaces Dow Jones as Reflation Trade is Put on Pause
Banxico surprises investors and raises its overnight interest rate by 25 basis points to 4.25%, causing the Mexican peso to rise sharply against the dollar. Continue Reading…
Author: Diego Colman | DailyFX
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Search Web: Mexican Peso Gains on Banxico’s Rate Hike Surprise and Hawkish Shift, USD/MXN Sinks
The S&P 500 Index is extending its rally to fresh all-time highs as stocks advance further on the session in response to President Biden announcing a bipartisan infrastructure deal has been reached. Continue Reading…
Author: Rich Dvorak | DailyFX
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Search Web: S&P 500 Leaps to All-Time High on Infrastructure Agreement
Gold prices took a massive hit last week, but the sell-off stopped at a big spot of support. Sellers, however, haven't yet let up as a short-term range has built. Continue Reading…
Author: James Stanley | DailyFX
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Search Web: Gold Price Forecast: Gold Grasps at Fibo Support but Sellers Vigilant
The price of oil may face headwinds ahead of the OPEC JMMC meeting on July 1 as the group appears to be on track to restore production throughout the rest of the year. Continue Reading…
Author: David Song | DailyFX
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Search Web: Oil Price Outlook Hinges on OPEC JMMC Meeting