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
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.02% US 500: 0.02% Germany 30: -0.03% FTSE 100: -0.08% France 40: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/yGpQEAhfhB
  • US Dollar Price Action Setups: EUR/USD, GBP/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/04/19/US-Dollar-USD-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD.html $USD $EURUSD $GBPUSD https://t.co/Jyr7pfHhdH
  • RT @CGasparino: BREAKING -- @JoeBiden Admin is in the early stages of developing a regulatory approach to the booming crypto biz, sources t…
  • The US Dollar is in correction within the yearly uptrend with the decline now eyeing initial support objectives just lower. Get your $USD technical analysis from @MBForex here:https://t.co/QLdiJa8z7v https://t.co/95rBic2Ke8
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.03% Gold: -0.29% Silver: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/nj9OGkvt7a
  • The Dollar ($DXY) has cleared both its 50-day SMA and the midpoint of the 2021 range. What has greater pull: its roll as wayward safe haven (vs inverted $SPX) or the recent fade in returns (US 10yr). The 20-day correlation to both approximately ~0.8, strong https://t.co/1dteHRggua
  • US Dollar Index (DXY) trend from last March picking up steam again. February and January lows up next on radar, could take a few weeks. Get your market update from @PaulRobinsonFX here:https://t.co/KCsZINK3KI https://t.co/3EN4Xrxnjn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9j9ojxURdw
  • RT @ChadPergram: Biden now mtg w/bipartisan/bicameral mbrs about infrastructure. Says they're discussing "how to pay for it." Adds they "ho…
  • $WTI #Crude #Oil Price Outlook: Breakout Eyes Resistance- Bulls at Risk - https://t.co/RuNq3bxxaW https://t.co/784dxJq0m7
Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Forecasts for the Week

Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Forecasts for the Week

Peter Hanks, Strategist

Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Forecasts:

Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Outlook for the Week Ahead

The major stock indices saw widespread strength last week as it was announced the United States and China would meet “sometime in October” to negotiate trade issues. While news of the meeting sparked jubilation among many investors, evidenced by the corresponding price action, history suggests market participants should take the announcement with a hefty serving of salt. Recent months have seen a cyclical nature of trade talks emerge, with the cycle repeating time and time again and asset prices following suit.

Dow Jones Forecast

Outlook: Bullish

As recently as last month, trade talks were “scheduled” for sometime in September. Since then, it was revealed the two sides were unable to agree to a meeting date – typically an easier part of negotiations. Shortly thereafter it was announced the talks would not take place in September but would be pushed to October, meaning trade hostility would be paused during China’s Communist Party meeting that begins in early October. The meeting has been delayed considerably due to the ongoing trade war and Hong Kong protests, but with the 70th anniversary of the People’s Republic of China on October 1, party leaders will finally convene.

Dow Jones Price Chart: 4 – Hour Time Frame (June – September) (Chart 1)

Down Jones Price Chart 4-Hour

Day Trading the Dow Jones: Strategies, Tips & Trading Signals

With that in mind, trade hostility may take a backseat until party leaders end their conference and return to the negotiating table – likely with an agreed upon idea of how to proceed in the conflict. Until then, the Dow Jones may look to continue its breakout higher in the week ahead alongside receding risks of recession due to the increasingly positive spread between the 2s10s yields.

Nasdaq 100 Forecast

Outlook: Bullish

The Nasdaq could enjoy similar price action but runs the risk of being mired in regulatory concerns. Last week it was reported state Attorney Generals are readying an antitrust probe into Google. The probe is likely the first in a series that will look to target the likes of Facebook, Microsoft, Apple and Amazon. Since the investigations are unlikely to be concluded anytime soon, they will provide uncertainty for the foreseeable future – something that investors despise. Regardless, the Nasdaq 100 looks poised to continue higher in the week ahead.

Nasdaq 100 Price Chart: 4 – Hour Time Frame (June – September) (Chart 2)

NDX 4-Hour Price Chart

Nasdaq Trading Basics: How to Trade Nasdaq 100

DAX 30 Forecast

Outlook: Bullish

Shifting to European equities, the DAX 30 will await a rate decision from the European Central Bank on Wednesday where the bank is expected to cut rates. With the cut expected to be the first in a series, any indication that the bank will be less dovish than expected could weigh on the DAX. Like the Nasdaq, the DAX will also have to weather uncertainty created by US regulators.

DAX 30 Price Chart: 4 – Hour Time Frame (June – September) (Chart 3)

DAX Price Chart 4-Hour

How to Trade the Dax 30: Trading Strategies and Tips

To that end, it was announced on Friday that the US Department of Justice also opened an antitrust probe into various automakers – including Volkswagen. It is also important to note the looming threat of potential auto tariffs from the Trump administration, which can be implemented up until the November 14 deadline.

FTSE 100 Forecast

Outlook: Neutral

Moving to the FTSE 100, the British equity Index will continue to take its cues from the ongoing Brexit saga. Wednesday saw Prime Minister Boris Johnson lose his majority. Evidently, markets believe the vote reduced the odds of a no-deal Brexit. Subsequently, the UK House of Lords passed a bill on Friday that will force PM Johnson to seek a delay to the October 31 deadline. Nevertheless, an extension must be unanimously agreed to by all members of the European Council – creating an opportunity for dissent among the 27 other members.

FTSE 100 Price Chart: 4 - Hour Time Frame (June – September) (Chart 4)

FTSE 100 4-Hour Price Chart

Thus, the FTSE 100 will remain ensnared in uncertainty during the week ahead. Apart from Brexit, the FTSE will also look to the commentary that accompanies the ECB rate decision. An unexpectedly hawkish ECB could harm the FTSE’s outlook as equity markets in continental Europe slide. For further technical and fundamental analysis on the various equity markets throughout the week, follow @PeterHanksFX on Twitter.

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

Read more:Gold Price Forecast: XAU/USD ETF Holdings Continue to Buoy Outlook

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

DISCLOSURES