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.

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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
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
GBP/USD
Bearish
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
USD/JPY
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
More View more
Real Time News
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/TwrOBFgIwj
  • Gold prices were crushed this week as yields continued to climb. But with a big spot of support coming in, can buyers bring a bounce ahead of NFP? Get your market update from @JStanleyFX here: https://t.co/E1TTXVJGUm https://t.co/pD4TeAY3ZP
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here: https://t.co/BgZLFljIhZ https://t.co/PiLYJDVvtY
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here: https://t.co/BnA07cMV0s https://t.co/453MLny2lu
  • The haven-linked US Dollar may be in a position to benefit in the short-run as economic recovery bets support longer-dated Treasury yields, making them more competitive with stocks. Get your market update from @ddubrovskyFX here: https://t.co/BickxlcuZi https://t.co/OdARp4Z1mh
  • The Dow Jones and Nasdaq 100 look to be on diverging technical paths as volatility spikes. Meanwhile, the S&P 500 teeters on support as it splits the difference between its sister indices. Get your market update from @PeterHanksFX here: https://t.co/0gULgIN2kw https://t.co/dzuxyjkXmx
  • What's the difference between leading and lagging indicators? Find out from here: https://t.co/vGx8HCagF5 https://t.co/yTYG7ote3R
  • The reflation trade is helping to push the oil-linked Canadian Dollar higher as the post-Covid economic outlook clears. The Loonie is reliant on the global economy’s recovery. Get your market update from @FxWestwater here: https://t.co/CYUiH0PCca https://t.co/my6clW7pxY
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here: https://t.co/Ye4m1FMKUW https://t.co/q8Ds7wYrKA
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/qtAmyhFU9A
Dow Jones Awaits Trade Data, DAX and ASX 200 Look to Rate Decisions

Dow Jones Awaits Trade Data, DAX and ASX 200 Look to Rate Decisions

Peter Hanks, Strategist
S&P500

Stock MarketTalking Points:

  • The Dow Jones will look to trade and unemployment data for trend continuation purposes
  • Germany’s DAX 30 awaits a rate decision from the ECB on Wednesday
  • Australia’s central bank is also slated for a rate decision, a key event for the ASX 200

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

Dow Jones Fundamental Outlook

Forecast: Mixed

The Dow Jones Industrial Average ended the week lower for the first time in 9 weeks Friday. The streak of higher weekly closes was the longest for the Dow since 1995. Still, the index trades slightly below key technical resistance and data in the week ahead may dictate price action moving forward.

Dow Jones Price Chart: 4 - Hour Time Frame (October 2018 – March 2019) (Chart 1)

Dow Jones

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

On Monday, US trade data is due and will be the first important print for the index next week. A strong performance could surprise markets and suggest the current US-China trade war is making headways in reducing the country’s trade deficit.

Check out our interactive infographic A Brief Trade War History for insight on the current economic conflict and how future ones may develop.

Later in the week, the Fed’s Beige Book is due on Wednesday and unemployment figures are scheduled to be released on Friday. Unemployment has been a key tailwind in sentiment indicators and an important component of the recent strength displayed by the Dow Jones and S&P 500.

DAX 30 Looks to the ECB

Forecast: Mixed

Germany’s DAX 30 will look to a rate decision from the European Central Bank. While no change in rates is expected, language and tone will be critical in gauging the bank’s outlook for future rate movements. Any hawkish intentions, though highly unlikely, could spell disaster for the German equity index as it mounts a rebound in the new year.

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

Similarly, trade wars will remain a key factor for the DAX. US President Trump has not announced any progress in his consideration of auto tariffs on the European Union, but the uncertainty will remain a headwind. Follow @PeterHanksFX on Twitter for live equity updates and analysis.

DAX 30 Price Chart: Daily Timeframe (February 2018 – March 2019) (Chart 2)

DAX 30 Price Chart

How to trade the DAX 30

Australia’s ASX 200 Eyes the RBA

Forecast: Bearish

Like the DAX, the Australian ASX 200 will eye its own central bank. While no change is expected out of the RBA, language and tone again remain key for the Australian index. Strong Australian employment data but weak Chinese data paint a mixed picture for the ASX, but the RBA could look to clarify their intentions and provide stability for the index.

ASX 200 Price Chart: Daily Time Frame (September 2018 – March 2019) (Chart 3)

ASX 200 Price Chart

Read more: Dow Jones, S&P 500 Await US Q4 GDP and Trade War Clarity

--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 Fundemental Forecast:

Australian Dollar Forecast – Australian Dollar Faces Busy Data Week, May Struggle For Gains

British Pound Forecast – Positive Brexit Sentiment Feeding Through

US Dollar Forecast – US Dollar May Rise on Economic Data, Global Slowdown Fears

Gold Forecast – Data-Dependent Fed Has Gold Prices Eyeing US NFPs, ECB and BoC

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

DISCLOSURES