Dailyfx news
DailyFX is a leading online source of financial news, analysis, and trading insights. Here are some of the latest news and updates from DailyFX:
Market News
- US Dollar Strengthens as Treasury Yields Rise: The US dollar index (DXY) has surged to a one-week high as Treasury yields rise, boosting the greenback's appeal as a safe-haven asset.
- Euro Falls as ECB Signals Rate Hike: The euro has fallen to a one-month low against the US dollar after the European Central Bank (ECB) signaled that it may raise interest rates sooner than expected.
- Gold Prices Tumble as US Dollar Strengthens: Gold prices have plummeted to a one-month low as the US dollar strengthens, making the precious metal less attractive to investors.
Technical Analysis
- USD/JPY Breaks Above Key Resistance: The USD/JPY pair has broken above a key resistance level, suggesting a potential uptrend in the pair.
- EUR/USD Reaches Key Support Level: The EUR/USD pair has reached a key support level, which could provide a buying opportunity for traders.
- GBP/USD Breaks Below Key Resistance: The GBP/USD pair has broken below a key resistance level, suggesting a potential downtrend in the pair.
Trading Insights
- 5 Reasons to Buy the US Dollar: The US dollar has been under pressure in recent months, but here are five reasons why traders may want to buy the greenback.
- 3 Reasons to Sell the Euro: The euro has been under pressure in recent weeks, and here are three reasons why traders may want to sell the single currency.
- How to Trade the US-China Trade War: The ongoing trade war between the US and China has significant implications for global markets. Here's how traders can profit from the situation.
Economic Calendar
- US Non-Farm Payrolls Report: The US Labor Department will release its non-farm payrolls report for January, which is expected to show a gain of 180,000 jobs.
- European Central Bank Interest Rate Decision: The ECB will announce its interest rate decision, which is expected to remain unchanged at 0.0%.
- UK GDP Report: The UK Office for National Statistics will release its GDP report for the fourth quarter, which is expected to show a growth rate of 0.4%.
These are just a few of the latest news and updates from DailyFX. For more information, please visit their website at www.dailyfx.com.