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FOREX.com

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Gain Capital, owned by StoneX Group, a leading American financial services company, offers retail forex and CFD trading services through FOREX.com and City Index brands.
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Be Cautious Chasing COMEX Copper Higher with Big Bears Lurking above $5

The upside in copper flagged last week has played out nicely, delivering a fresh contract high for the red metal. However, the price action over the latter parts of this week has not been convincing, warning of growing near-term downside risk.

Bitcoin Bounces in Style as Wall Street Hits New Highs

On Tuesday I outlined a bullish case for bitcoin futures whilst prices remained above $60k. One soft US CPI and retail sales report later, bullish range expansion has most certainly kicked in.

AUD/USD Shrugs off Soft Wages Report, Attention Shifts to US Inflation Print

Australian wage pressures undershot expectation in the March quarter, denting the prospect of another rate hike from the RBA. AUD/USD managed to shake off the news within seconds...

Gold, Silver and Copper Eyeing Upside, US Inflation Report Key to US Dollar Impact

The stronger US dollar has acted as a handbrake on commodity prices, limiting what may have been otherwise a spectacular rebound to start 2024. Imagine what may happen if the dollar were to break down?

GBP/USD Key Levels Into BOE, Silver Considers Its Next Breakout

The big question for today is if the BOE will satisfy bearish market positioning with enough dovish talk to prevent shorts from covering, and inadvertently sending GBP/USD higher.

ASX 200, SGX Iron Ore: Bullish Breakouts on the Menu, Hawkish RBA a Risk

Tuesday looms as a make-or-break session for Australia's ASX 200 with futures sitting at a key technical level ahead of the Reserve Bank of Australia (RBA) May interest rate decision...

USD/JPY: Bullish Case Eroding Fast As US Economic Data Rolls Over

The likely intervention from the BOJ on at least one occasion to support the Japanese yen, coupled with a large reversal in US bond yields, means the extremely successful strategy of buying dips may have run its course near-term.

EUR/USD, GBP/USD Flip to Net-Short, JPY Shorts Near Record High: Cot Report

There seems to be no fear in shorting then yen, given large speculators pushed net-short exposure to the second highest level on record last week. EUR/USD and GBP/USD also flipped to net-short exposure.

Gold Rice Forecast: Sustainable Bull Markpets Need to Breathe Occasionally

The inverse relationship between bond yields and US dollar with the gold price has broken down in 2024, meaning technicals and inflation expectations are arguably a more important driver right now.

USD/JPY, Nikkei 225: Even the Strongest Market Trends Are Under Threat

USD/JPY upside looks limited near-term, hindered by narrowing interest rate differentials and perceived increased risk of Bank of Japan intervention...

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