DailyFX analysts report every day on the latest changes in the financial markets, providing timely fundamental, economic and technical analysis and a close examination of promising chart formations with live currency quotes. DailyFX.com also provides analysis of market moves, explaining economic, political, and technical factors driving the market.
DailyFX analysts report every day on the latest changes in the financial markets, providing timely fundamental, economic and technical analysis and a close examination of promising chart formations with live currency quotes. DailyFX.com also provides analysis of market moves, explaining economic, political, and technical factors driving the market.
Bitcoin (BTC), Ethereum (ETH) – Technical Outlooks
Bitcoin is currently stuck in a sideways pattern unable to break above $70k. BTC/USD is now starting to press this level again and may be priming for another run at an all-time high.
DailyFXUS Dollar Index Slips As US Manufacturing Contracts Again, Gold Nudges Higher
The latest ISM Report missed forecasts, and last month’s reading, as manufacturing activity in the US contracted for the 18th time in the last 19 months.
DailyFXGold (XAU/USD) Looking Technically Oversold, US Data, NFPs Key for Next Move
Gold is looking oversold according to one technical indicator, and any weak US data may see the precious metal turn higher in the short-term
DailyFXUS Dollar Slips Further, Gold Nudges Higher, Bitcoin Poised for a New ATH
US Treasury yields remain in a downtrend and that’s hurting the dollar. Gold continues to recover while Bitcoin eyes a new all-time high.
DailyFXLibya Outages and Middle East Tensions Spark Supply Concerns. WTI Nears key $77.40 Resistance
WTI crude nears pivotal $77.40 level and Brent crude shies away from confluence resistance. External factors continue to influence recent moves as Middle East threat eases
DailyFXEUR/USD and GBP/USD Rallies Fuelled by Ongoing US Dollar Weakness
The UD dollar continues to weaken ahead of today’s FOMC minutes and Fed chair Jerome Powell’s Jackson Hole appearance on Friday
DailyFXStrong Yen Weighed on Japan’s Trade Balance in July, Fed Speakers up Next
The significant strengthening of the yen added to Japan’s trading deficit in July but economists and the market as a whole still expect another rate hike in December
DailyFXUK Headline Inflation Rises by Less Than Expected, GBP/USD Now Eyes US CPI
UK headline inflation rose from 2% in June to 2.2% in July, mainly driven by prices of gas and electricity falling by less than last year, according to the Office for National Statistics.
DailyFXEuro (EUR/USD) Latest – German Economic Outlook Slumps in August
The ZEW economic outlook turned sharply lower in August with economic expectations declining at their fastest rate in two years.
DailyFXBitcoin (BTC) Testing Technical Resistance, Gold (XAU) Nudging Higher
Bitcoin has rallied sharply off Monday’s spike low but further gains are currently capped by a pair of simple moving averages.
DailyFXRisk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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