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.

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
EUR/USD
Bullish
Low
High
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
Oil - US Crude
Mixed
Low
High
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
Wall Street
Bullish
Low
High
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
Gold
Mixed
Low
High
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
GBP/USD
Bullish
USD/JPY
Mixed
Low
High
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
  • #CrudeOil price action could consolidate into a broad trading range following a historic Q2 as barriers of technical confluence stand to contain the commodity’s direction. Download our oil #trading guide for the full report: https://t.co/DcjPcVpX5x https://t.co/EJlDquZ9WR
  • It’s unlikely that the #ECB on its own will continue to be able to prevent the Euro from weakening if EU governments continue to argue about policy. Download our #EUR trading guide to find out more: https://t.co/Kjp34DoEzE https://t.co/gtKQa9zXX5
  • The #USD spent the bulk of Q2 in a range after a climactic Q1; and with a series of risk themes continuing to push, combined with an election in November, the door appears open for more vol in USD. Download our USD trading guide here: https://t.co/2Wo7EcwAht https://t.co/BA5dWk4wTt
  • $USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:https://t.co/5GO9UrvO4y https://t.co/OTTEmg76W8
  • The immediate focus is on a break of this multi-week consolidation formation in the Australian Dollar with the broader rally vulnerable while below 7042. Get your AUD technical analysis here: https://t.co/iEYos1ioBc https://t.co/kuzB3Eqps0
  • #Gold prices have rallied to nine-year highs with the breakout testing multi-year uptrend resistance into the open of Q3. Can the rally be sustained? Download our latest Gold trading guide!: https://t.co/3KO2QWOnOt https://t.co/YIIGZdeIAJ
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/zerRXZC1Tq
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/DmhBkd4B0k https://t.co/uj93z2SHpH
  • The Australian Dollar’s surge from the March lows may be coming to an end as bearish patterns begin to line up on multiple time-frames. Check out our #AUD trading guide to learn more here: https://t.co/pjfm07tqFd https://t.co/VypHLra1ER
  • The Evening Star candlestick is a three-candle pattern that signals a reversal in the market and is commonly used to trade forex. Learn more about the evening star candlestick pattern here: https://t.co/8OTE7m01IG https://t.co/Vumcng7UB3
Dow Jones Looks to Trade Wars, DAX and Nikkei to GDP Data

Dow Jones Looks to Trade Wars, DAX and Nikkei to GDP Data

2019-02-10 09:00:00
Peter Hanks, Analyst
Share:
SP500

Stock MarketTalking Points:

  • US and China trade officials are slated to meet in Beijing on February 14th and 15th
  • The Japanese Nikkei awaits GDP data scheduled for release on Wednesday
  • The German DAX will look to avoid a technical recession with GDP data due Thursday

Looking for a technical perspective on Equities? Check out the Weekly EquityTechnical Forecast.

Dow Jones Fundamental Outlook

Forecast: Mixed

The Dow Jones Industrial Average and its counterpart in that of the S&P 500 will take their cues largely from non-scheduled data next week. As earnings season winds down, sentiment and price action will turn once again to the larger overarching themes that equities have faced for months.

Think the stock market is headed for a crash? Learn some bear market trading strategies and techniques.

Trade wars remain the paramount concern with US and Chinese officials scheduled to meet in Beijing on Thursday and Friday. The talks are critically important for progress as the 90-day deadline approaches expiration on March 1st. Further, President Donald Trump confirmed a report that he will not meet with Chinese President Xi Jinping before the deadline. The lack of a face-to-face meeting between the two Presidents places increased pressure on trade officials from both sides.

Dow Jones Price Chart: Daily Timeframe (January 2018 – February 2019) (Chart 1)

Dow

Learn about the differences between the Dow, Nasdaq, and S&P 500.

Japan Awaits GDP

Forecast: Bearish

The Japanese Nikkei 225 will look to Wednesday’s release of Q4 GDP data for the country. Japan’s economy has faced disappointing growth figures in recent quarters and hopes to avoid another one with the data release for the most recent quarter. A surprise to the topside could stoke some bullishness but with economists across the globe warning of slowing growth, the risk of a miss seems greater than that of a surprise. Similarly, a miss would only confirm global growth concerns and dent equity sentiment further.

View our Economic Calendar for key data releases like Japanese and German GDP due next week.

Nikkei 225 Price Chart: Daily Timeframe (September 2017 – February 2019) (Chart 2)

Nikkei 225

Germany Looks to Avoid Recession

Forecast: Bearish

The German DAX 30 awaits GDP data due on Wednesday. Technically speaking, two successive quarters with a fall in GDP constitutes a recession. At present, a Reuters poll forecasts German GDP to climb by 0.1% after receding -0.2% last quarter. With risks skewed to the downside, the data point may be the most critical piece for the DAX but will likely have a considerable impact on all other European equities. Long referred to as the “powerhouse” of Europe, a recession would not bode well for the continent’s outlook. Broader growth concerns and widespread European equity weakness could then spread to the US equity session.

DAX 30 Price Chart: Daily Timeframe (September 2016 – February 2019) (Chart 3)

Dax30

Another headwind facing the DAX is the possibility of US auto tariffs. The Trump administration has considered such tariffs in an effort to rebalance trade between the United States and the European bloc. German automakers account for 10-12% of the DAX’s market cap and are a critical industry for the country. Should such tariffs be imposed, it could have considerable downward pressure on the DAX and US indices as it would open a new trade war front for the United States.

Read more: Will the Stock Market Crash in 2019?

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact Peter on Twitter at @PeterHanksFX

DailyFX forecasts on a variety of currencies such as the US Dollar or the Yen are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introduction to the Forex market, check out our New to FX Guide.

Other Weekly Fundamental Forecast:

Australian Dollar Forecast – Australian Dollar Could Take Some Rest On The Road Lower

New Zealand Dollar Forecast – NZD/USD Looks Vulnerable. How Dovish Will the RBNZ Turn Next Week?

Oil Forecast – Fears of Slowing Global Growth to Limit Further Gains

British Pound Forecast – Dovish BoE, Brexit Hell

US Dollar Forecast – US Dollar May Build on Rebound as Market Mood Sours Further

Gold Forecast – Bull-Flag Unfolds as Fed Warns of 'Muted' Inflation

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

DISCLOSURES

News & Analysis at your fingertips.