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.

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
Oil - US Crude
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.45%, while traders in Wall Street are at opposite extremes with 79.42%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/A2N0d6DXwa
  • 🇨🇳 Industrial Profits (YTD) YoY (JUN) Actual: 66.9% Previous: 83.4% https://www.dailyfx.com/economic-calendar#2021-07-27
  • 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: https://t.co/rz7fqhRoMG https://t.co/pjMQlUKAq7
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (JUN) due at 01:30 GMT (15min) Previous: 83.4% https://www.dailyfx.com/economic-calendar#2021-07-27
  • Nasdaq 100 at Record High as Tesla Earnings Beat, Will Hang Seng Rebound? https://www.dailyfx.com/forex/market_alert/2021/07/27/Nasdaq-100-at-Record-High-as-Tesla-Earnings-Beat-Will-Hang-Seng-Rebound.html https://t.co/RKIZk3JM5N
  • Please join @FxWestwater at 22:00 EST/2:00 GMT for a webinar on preparing to trade commodities markets in the week ahead. Register here: https://t.co/qTOa61aMmN https://t.co/gsJWRtnAMe
  • The Nasdaq 100 index climbed 0.09% to a record high, lifted by large-cap stocks such as Tesla (+2.21%), Alphabet (+1.33%) and Amazon (+1.18%). https://t.co/R4JvuR31sx
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/HPA1Fj43Lc
  • RT @BrendanFaganFx: IBEX 35 Analysis: Rally Continues Despite Virus Fears, Focus Shifts to Fed Link: https://www.dailyfx.com/forex/market_alert/2021/07/27/IBEX-35-Analysis-Rally-Continues-Despite-Virus-Fears-Focus-Shifts-to-Fed.html https://t.co/…
  • RT @FxWestwater: Asia AM - Australian Dollar Forecast: $AUDUSD May Rise on Chinese Industrial Profits Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/07/26/Australian-Dollar-Forecast-AUDUSD-May-Rise-on-Chinese-Industrial-Profits.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https:…
Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts for the Week

Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts for the Week

Peter Hanks, Strategist
Please add a description for the image.

Dow Jones, DAX 30, FTSE 100 Forecasts:

Dow Jones,DAX 30, FTSE 100 Fundamental Forecasts

The major stock indices saw modest losses last week as a pivotal FOMC meeting came and went alongside subtle shifts in the US-China trade landscape. Left to sift through the transcripts, the Dow Jones was able to stem initial losses post-FOMC after Fed Chairman Jerome Powell hinted at the possibility of quantitative easing. Despite the uncertain policy path, the willingness of the Fed to explore expanding its balance sheet was seemingly enough to sate the market’s lofty dovish desire - for the time being.

Dow Jones Forecast

Outlook: Bearish

Still, Friday saw the reemergence of trade tensions when US President Donald Trump said ending the trade war by 2020 is not a priority. President Trump also announced he “would not accept a partial deal on trade.” In response, Chinese agricultural delegations cancelled trips to both Montana and Nebraska where they were expected to meet with delegates from the US agricultural sector.

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

Dow Jones Price Chart

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

Together, the commentary and cancellations removed an opportunity for both sides to build goodwill and negotiate. Consequently, deeper concern over the status of an interim trade deal could likely take a hit over the weekend and early this week. Thus, traders should tread cautiously as the Dow Jones confronts all-time highs and deteriorating trade relations with China.

DAX 30 Forecast

Outlook: Neutral

On the other hand, the DAX 30 was able to weather the fundamentally loaded week without a notable change in price. Closing effectively flat for the week, the DAX may yet suffer alongside the Dow Jones if trade tensions pickup in earnest. Frequently teetering on the brink of a recession, the German economy can ill afford more bad news. Any indication that the trade war will worsen could look to undercut the recent impact of a dovish ECB.

DAX 30 Price Chart: Daily Time Frame (June – September) (Chart 2)

DAX Price Chart

How to Trade the Dax 30: Trading Strategies and Tips

To that end, ECB President Mario Draghi is scheduled to testify in front of European Parliament on Monday which could offer the opportunity for further insight on his plan for the bloc’s monetary policy path. Similarly, Mr. Draghi will speak in Frankfurt on Thursday – providing another instance where markets can attempt to glean insight from the ECB’s head. Apart from the speeches, high-impact Eurozone data is relatively sparse.

FTSE 100 Forecast

Outlook: Neutral

The FTSE 100 found itself in familiar territory last week as it lagged the DAX, despite comments from European Commission President Jean Claude Juncker that revealed he would accept a Brexit deal if the objectives of the Irish backstop were achieved through other arrangements. The Pound Sterling rallied on the news and the shift in tone could similarly improve the fundamental standing of the FTSE 100. Therefore, traders should keep a watchful eye on any forthcoming Brexit developments in the week ahead.

FTSE 100 Price Chart: Daily Time Frame (June – September) (Chart 3)

FTSE 100 Price Chart

As time to the October 31 Brexit deadline dwindles, fundamental developments may possess greater potential to influence price as the time to renegotiate fades. A breakthrough agreement regarding the Irish backstop issues could see the FTSE 100 soar as the likelihood of the United Kingdom leaving the EU with a deal ticks higher. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis on all the major stock indices.

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

Read more:Nasdaq 100 Forecast: Are Investors Apprehensive About Big-Tech?

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

DISCLOSURES