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.



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
Please try again
Oil - US Crude
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.48%, while traders in Wall Street are at opposite extremes with 71.54%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇲🇽 GDP Growth Rate YoY Prel (Q2) due at 11:00 GMT (15min) Expected: 19.8% Previous: -3.6%
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 0.16% Gold: -0.02% Oil - US Crude: -0.46% View the performance of all markets via
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.03% 🇨🇦CAD: 0.01% 🇬🇧GBP: 0.01% 🇯🇵JPY: -0.08% 🇳🇿NZD: -0.17% 🇦🇺AUD: -0.25% View the performance of all markets via
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.38% France 40: -0.47% US 500: -0.74% FTSE 100: -0.95% Germany 30: -1.02% View the performance of all markets via
  • Binance announcement - cutting back futures and derivatives offerings in Germany, Italy and the Netherlands - weighing on crypto prices. #btc #eth #ltc @DailyFXTeam
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • China National Health Commission says will resolutely cope with Covid-19 outbreak in Nanjing City and related infections
  • 💶 Inflation Rate MoM Flash (JUL) Actual: -0.1% Previous: 0.3%
Nasdaq 100 Recovering? Biden-Trump Election Betting Spread Widens

Nasdaq 100 Recovering? Biden-Trump Election Betting Spread Widens

Dimitri Zabelin, Analyst

2020 Election, Nasdaq Analysis, Biden-Trump Election Odds - Talking Points

  • Biden-Trump election betting averages continue to widen ahead of first presidential debate
  • Technology stocks may rise again with demand for digital services as Covid-19 cases grow
  • Nasdaq index recuperation may be in the works, recovery may encounter friction at 11263.6


With less than a week until the first US presidential debate, former Vice President and Democratic nominee Joe Biden has successfully maintained a comfortable lead over President Donald Trump. RealClearPolitics’ betting averages for the election show the widest spread between the two candidates since mid-August as US coronavirus cases surge.

2020 US Election Polls

Chart showing Biden-Trump Spread

Source: RealClearPolitics

The US – after first originating in China, then spreading to Europe and ultimately North America – has been the viral hotbed of Covid-19. Confirmed cases of the coronavirus began to sharply rise in June. Perhaps not entirely by coincidence, polling data from FiveThirtyEight shows that around the same time, Trump’s approval rating for how he handled the coronavirus pandemic began to sharply decline.

2020 Poll on Trump

Chart showing Trump Approval

Source: FiveThirtyEight

Consequently, if cases continue to grow – and the prospect of re-imposed or extended local lockdown orders increases – it could further dent Mr. Trump’s popularity and by default push Biden’s higher. These trends are particularly important to watch given the upcoming presidential debate on September 29. The Commission on Presidential Debates (CPD) has released what topics will be discussed.

US Coronavirus Cases Surge – Tech Stocks to Recover?

Following the collapse in equity markets in March by the virus-induced selloff, tech stocks rallied and outperformed other sectors. The likely catalyst was the premium put on digital services after shelter-in-place orders limited the number of outdoor activities. This may help explain why subscriptions for streaming services surged along with online shopping activity and helped push stocks like Amazon and Netflix higher.

If the spike in Covid-19 infections continues to persist, this dynamic may once again play out and help push tech stocks higher. While equity markets did recently pull back, indices like the S&P 500 and tech-leaning Nasdaq appear to show signs of bottoming out. However, given the fundamental circumstances, the recovery in equity markets may see the Nasdaq recover at a faster rate relative to its peers.

Nasdaq Outlook

The Nasdaq index may be in the early stages of a recovery as the tech-leaning benchmark jumps after bottoming out at a two-month low around 10599.00. The next obstacle to clear will likely be a familiar stalling point at 11263.6 where the index previously encountered friction along its ascent in mid-August and along its descent in early September.

Nasdaq Index - Daily Chart

Chart showing Nasdaq Index

Nasdaq chart created using TradingView

Clearing it 11263.6 with follow-through may invigorate traders and restore confidence in the Nasdaq’s potential. In that scenario, the critical barrier to clear will be the previous all-time high at 12074.1 the tech benchmark previously hovered before spectacularly crashing over 10 percent in less than a month.

--- Written by Dimitri Zabelin, Currency Analyst for

To contact Dimitri, use the comments section below or@ZabelinDimitrion Twitter

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