Our award-winning research team brings you insights and tips, direct from our seasoned traders. Divided into weekly, daily and intraday research, we cover both fundamental and technical indicators.
Our Intraday commentary includes FOREX Insider and the widely read Market Updates. Follow the market with our traders as they decode the market's movements, point out emerging chart patterns and analyze key data releases' impact on the currency markets, as they happen.
FOREX Insider
Forex Insider provides you with actionable analysis of news, events and technical levels that impact currency prices - as it happens. Updates are published directly by the senior traders and members of our experienced research team, up to 20 times an hour. Take advantage of their proximity to institutional buy and sell side action, as they trade over $100 billion a month with the world's largest financial institutions.
Forex Insider is available directly within the platform, allowing you to act quickly on the information. To access Forex Insider, click the "Commentary" tab.
FOREX.com Market Updates
Actionable research published three times daily, after the close of each major trading session in Tokyo, London, and New York. Each update summarizes the key takeaways from each trading session. Find out how each major market may impact upcoming price action, and learn about important technical levels and events to watch.
Strategy of the Day
Published twice a day before the Asian and New York markets open, Strategy of the Day gives you a fresh, ready-to-use trading idea for the upcoming trading session. Currency Strategist Todd Gordon explains step by step how to set up the trade and why he thinks it's a smart move, reporting back on the results and lessons learned.
Daily Technical Analysis Report
For avid chartists. Published every morning at 0800 ET, this report x-rays 12 key currency pairs for short, medium, and long term momentums as well as key support/resistance levels. Keep your eye on these "tripwires" for market action - so you can trade with the trend, as soon as it starts.
Pivot Points
Updated at the close of each business day, we provide three levels of support and resistance for 37 currency pairs. When used in conjunction with other technical indicators, and research, pivot points can provide technical traders additional confirmation for anticipated support and resistance levels.
Trading Central's Daily Technical Levels
Get the latest technical levels for six major currency pairs delivered right to your inbox twice each day, at the beginning and end of the NY trading session. Each report provides support, resistance, momentum and trend analysis, along with anticipated price action and trading strategies for the upcoming session, all in an easy to read newsletter format. Trading Central is a leading investment research provider to financial market professionals. Their technical strategies cover forex, commodities, equity, index, and fixed-income markets.
The Week Ahead
Published every Friday at 1500 ET, this report summarizes key market developments – both fundamental and technical - and analyzes the likely impact on the upcoming trading week. It's a quick, compact way to keep a handle on the overall currency market.
The Weekly Strategy
If you're a swing trader, check out the Weekly Strategy every Friday at 1500 ET for trading opportunities to consider in the upcoming week. We set up the trade, explain the logic behind it, and then report back on how it worked in the actual market. Get your trading tips from a team with real skin-in-the-game - and benefit from our experience.
Economic Calendar
Your shorthand guide to key economic releases for the week ahead. Review how currency markets reacted previously to these events and what they're forecasted to act next.
2009 Gold Outlook
By Brian Dolan, Chief Currency Strategist
What does 2009 hold for gold traders?
See what FOREX.com's Chief Currency Strategist thinks.
FOREX.com's Current Outlook on Gold
Gold has seen a sharp appreciation since late 2008, rising around 42% from around $700/oz to an 11-month high just above $1000/oz on February 20, 2009, as global stock markets made fresh declines and investor anxiety remains elevated. (Spot gold reached its all-time high of $1032.70/oz on March 17, 2008; spot gold's highest daily close was at 1002.95/oz on March 14, 2008.) What are the main drivers behind the recent rise in gold?
On the industrial physical demand front, the high relative price of gold has undermined demand for gold jewelry, while the global recession has weakened personal consumption overall, further denting jewelry demand. Industrial demand for gold has been similarly weakened as the global downturn has hit personal consumption, reducing demand for products that utilize gold in the manufacturing process, such as consumer electronics and automobiles. In short, industrial physical demand for gold is weak and unlikely to recover significantly until the global downturn begins to stabilize.
Some analysts see gold's rise as the result of fears that massive government fiscal stimulus spending will lead to higher inflation in the years ahead. However, in our view for the near-term, the synchronized global recession makes the risks of deflation the greater threat, undermining the case for gold as an inflation hedge.
The primary source of gold's appreciation, in our estimation, is investor fear as traditional asset classes (read: stocks) have yet to show any signs of stabilization. In addition, sovereign credit rating downgrades, and fears of more to come, are undermining investor faith in many major national currencies, which helps explain why gold priced in EUR, JPY, GBP and other currencies has just reached new record highs. In a break with the traditional relationship, gold has appreciated alongside the USD, with both appealing as safe haven assets. We think gold's gain is a heavily sentiment-driven effect and is highly vulnerable to a reversal should risk appetites begin to improve in anticipation of the recession's nadir and expected stabilization/recovery.
We also see many contrarian signs that the gold price rise may be entering bubble territory. Chief among these is the surge in popularity of gold ETF's and the demand for gold coins and other physical forms among individual investors. People who have never owned gold are suddenly drawn into a 'can't lose' proposition, which is eerily similar to the real estate bubble. Other indications are the purported drop in confidence in fiat money (paper currency) even as international investors continue to snap up massive new government debt issuance. Lastly, gold commentators appear to be trying to outdo each other with progressively higher price forecasts, with some now topping $2000/oz. and some even as high as $3000/oz. Dow 36,000 anyone?
From the technical side, gold has formed a clearly defined price channel higher, while momentum studies point to a bearish divergence, suggesting price gains have become extreme and are in danger of a downside reversal. We are mindful that the $1000/oz level holds tremendous psychological significance, but it now also holds major technical significance, with the last venture above resulting in a sharp reversal lower. With the Feb. 20 high just above $1000 and subsequent retreat, we are left with a potential double top formation, which may signal a longer-term, multi-year high. We are watching the channel base at $945/oz currently and we would look to short gold on a daily close below. A daily close above $1050/oz will likely be needed to signal gains higher into uncharted territory.
Gold Trading Fundamentals
Gold holds a unique place among commodities in that it is both a physical commodity and a financial asset. Gold's physical uses are mainly for jewelry and industrial applications, especially in electronic circuitry across a whole range of industries. Gold's place as a financial asset primarily stems from its historical role as a store of wealth, particularly during times of crisis or when other asset classes are seen to be under-performing.
As a financial asset, gold has many different roles ascribed to it:- Hedge against inflation--When inflation expectations are high or rising, gold tends to appreciate while other asset classes may see values eroded by inflation. When inflation expectations are low, gold may languish.
- Alternative to USD--Gold is frequently referred to as a second international reserve currency after the USD. During periods of pronounced USD weakness, gold may tend to appreciate as investors seek security in physical commodities. When the USD is strong, gold may lose its relative luster.
- Safe haven vehicle--during periods of heightened risk aversion or market turmoil, gold tends to appreciate as investors exit other financial assets (e.g. stocks and bonds) and flock to the traditional role of gold as a store of wealth. When primary financial markets are stable or rising, gold may lose attractiveness to those markets offering better expected returns.
Unlike most other financial assets, however, gold does not offer an interest rate return. Instead, the return on gold is based solely on price changes. (Gold typically has a small cost of ownership based on physical storage requirements.) The lack of an implied rate of return tends to see gold appreciate only when investor anxiety is high or rising, making investor sentiment an important determinant of gold's direction. 
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