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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook!
Global Equity Markets on Edge as Uncertainty & Volatility Spike

Global Equity Markets on Edge as Uncertainty & Volatility Spike

2017-12-02 04:43:00
Paul Robinson, Strategist
Global Equity Markets on Edge as Uncertainty & Volatility Spike

Talking Points:

  • U.S. stocks reacted violently on Friday to Flynn/Trump headline; next week we have jobs data on Friday
  • DAX hanging on by a thread, looking lower in the week ahead; no major data on the docket
  • FTSE weak and in need of support, or else in danger of dropping a good distance lower

Start boosting your knowledge base today with DailyFX Trading Guides

S&P 500

On Friday, markets were struck with significant volatility when it was announced that President Trump’s former national security adviser, Michael Flynn, pleaded guilty to the FBI for previously lying about involvement with the Russians. This will certainly be on the market’s mind heading into next week, potentially putting a damper-effect on any news related to a Tax Bill proposal. As far as ‘high’ impact data releases are concerned, Tuesday we have ISM Non-Manufacturing/Services and on Friday the bigger data-set of the week in the November jobs report. The economy is expected to have added 198k jobs during last month. For release details, check out the economic calendar.

The S&P 500 (and Dow) was in ‘blow-off’ mode for most of the week. As we discussed on Friday, the market action got wild as we saw a large rise in the VIX on Thursday while the market was well up over 1% on the day. Very unusual activity, indeed, and smacked of price instability. It comes at a very interesting juncture given the overhead trend-lines we have on the intermediate to long-term time-frame. (For full details on this, check out Friday’s commentary.) Next week we expect price action to heat up as the push-pull between both sides of the market carries out, especially given Friday’s very volatile headline-driven session. It looks as though sellers could gain the upper hand in the days ahead as the market is overdue for a pullback and at the same time showing signs it wants to do just that. Looking to the 2600-vicinity as a source of sizable support. It would seem a consolidation at this juncture will be best case.

S&P 500: Daily

Global Equity Markets on Edge as Uncertainty & Volatility Spike

Struggling with confidence right now? You’re not alone. See this guide for ideas on How to Build Confidence.


On Friday, the DAX was taking it on the chin, recovered, but then sold off into the close on the Flynn headline. As far as ‘high’ impact data releases, there are none on the calendar for next week. Risk trends and euro fluctuations will be on traders’ minds.

The DAX was trying to put in a bullish reversal-day to end the week after breaking down well below 12900 before the Flynn news hit the tape. The headline sunk the index into the close of the week and back below key support. Objectively, though, the DAX cash index didn’t have a chance to recover with U.S. equities (the futures did, however). In any case, should we see a continuation of Friday’s breakdown we’ll have eyes on swing-high in July at 12676 and then the trend-line running up from the low in June 2016. The 200-day MA arrives right in the vicinity of trend support and will likely strengthen it should the market sell-off to that point just above 12500. To turn the market posturing back bullish some work will need to be done. The recently volatile trading range is trying to resolve itself lower and will require a break firmly back above 13200 to change this outlook.

DAX: Daily

Global Equity Markets on Edge as Uncertainty & Volatility Spike


As was the case with the DAX, the FTSE also fell victim to headlines out of the U.S. It, too, was heading for a much better close on the Friday. The only high impact data release on the docket is slated for Friday, with the release of the November 12-month BoE/TNS Inflation data. The market will be focused on general risk trends, ‘Brexit’ headlines, and further drama unfolding out of the U.S.

The FTSE caved hard from Wednesday through Friday before getting an intra-day bounce from big support in the 7315/7290 vicinity on Friday. This was negated by news and the market will start the week trading somewhere around this key threshold. Further weakness below support will quickly bring into view the April trend-line passing under the September low, currently around the 7250-mark. Should ‘risk-off’ become aggressive 7196 and then big support down around 7100 could come into play. The 7100-area is a very big level of support given its significance starting over a year-ago. Turning the picture bullish will require a good deal of work at this point, but holding strong between 7250/7315 would be a start. The short-term trend won’t become favorable until we see a substantial bounce higher and hold on any dip.

FTSE: Daily

Global Equity Markets on Edge as Uncertainty & Volatility Spike

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email bysigning up here.

You can follow Paul on Twitter at@PaulRobinonFX.

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