News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.24%, while traders in Wall Street are at opposite extremes with 73.69%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ukleIKEzfx
  • Heads Up:🇮🇹 Business Confidence (JUL) due at 08:00 GMT (15min) Expected: 115.4 Previous: 114.8 https://www.dailyfx.com/economic-calendar#2021-07-28
  • Heads Up:🇮🇹 Consumer Confidence (JUL) due at 08:00 GMT (15min) Expected: 115.5 Previous: 115.1 https://www.dailyfx.com/economic-calendar#2021-07-28
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.56% Oil - US Crude: 0.42% Gold: 0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/FHPXINUAZZ
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/EWZQjrUXrK
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.17% 🇬🇧GBP: 0.10% 🇯🇵JPY: -0.02% 🇨🇭CHF: -0.07% 🇳🇿NZD: -0.08% 🇦🇺AUD: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8r1oSNqSbA
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: France 40: 0.10% Germany 30: 0.10% US 500: -0.10% Wall Street: -0.20% FTSE 100: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/eXUKke3h5n
  • 🇫🇷 Consumer Confidence (JUL) Actual: 101 Expected: 102 Previous: 103 https://www.dailyfx.com/economic-calendar#2021-07-28
  • Heads Up:🇫🇷 Consumer Confidence (JUL) due at 06:45 GMT (15min) Expected: 102 Previous: 102 https://www.dailyfx.com/economic-calendar#2021-07-28
  • EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Jul 13 when EUR/GBP traded near 0.85. A contrarian view of crowd sentiment points to EUR/GBP weakness. https://www.dailyfx.com/sentiment https://t.co/0CqgbSjVAS
SP500 Stock Index Climbs the Wall of Worry

SP500 Stock Index Climbs the Wall of Worry

Thomas Long, Course Instructor

This 4-hour chart shows the series of higher highs and higher lows which defines the trend as up. This is also important to currency traders in that as long as the stock market keeps from selling off, the USD should continue to weaken. If the US stock market does start to move down, that could trigger the risk aversion play which has previously led to a USD rally. All eyes will be on the release of the US Nonfarm Payrolls this Friday morning at 8:30 AM Eastern. That release could set the tone of the financial markets, not only for the day, but for the next month.

SP500_body_69005d1286305323-chart-day-spx500-1005.png, SP500 Stock Index Climbs the Wall of Worry

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES