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.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Bullish
USD/JPY
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
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
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • Trade deal bets kept the Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit afloat despite $USD strength. This is the key fundamental driver for #ASEAN FX.Get your market update from @ddubrovskyFX here: https://t.co/aB8qP3JsB4 https://t.co/oAF2XxyNak
  • European Opening Calls from IG: #FTSE 7330 +0.51% #DAX 13262 +0.62% #CAC 5932 +0.52% #AEX 599 +0.61% #MIB 23636 +0.66% #IBEX 9217 +0.47% #STOXX 3712 +0.63%
  • The $USDINR rate could rise as the Nifty 50 sinks after Indian Industrial Production shrank by the most since 2011, fueling RBI rate cut bets amid the ongoing US-China trade war. Get your market update from @ddubrovskyFX here:https://t.co/1PzYH3xCdV https://t.co/AqdtzJN0w1
  • (Analyst Pick) USD/JPY Outlook Bearish on Yen Chart Breakout, Trade Wars $USDJPY #Yen #TradeWars - https://www.dailyfx.com/forex/analyst_picks/todays_picks/daniel_dubrovsky/2019/11/15/USDJPY-Outlook-Bearish-on-Yen-Chart-Breakout-Trade-Wars.html?CHID=9&QPID=917702 https://t.co/5CKAA0e7Pc
  • #GBP, #NOK and #SEK are expected to be the most-active #G10 currencies against the #USD with one-week implied volatility at 7.85, 7.82 and 7.15 respectively [delayed]
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.63%, while traders in France 40 are at opposite extremes with 87.34%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wyEJd6C1d2
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.18% 🇦🇺AUD: 0.10% 🇳🇿NZD: 0.05% 🇬🇧GBP: -0.00% 🇨🇭CHF: -0.11% 🇯🇵JPY: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/PmNFR94G9T
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: France 40: 0.49% Germany 30: 0.49% US 500: 0.37% Wall Street: 0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/36B4iG0q0W
  • A chart from my trading video for today ('S&P 500 Trading Quiet and Divergence Builds Pressure, Dollar, Aussie and Kiwi Drop' https://www.dailyfx.com/forex/video/daily_news_report/2019/11/15/SP-500-Trading-Quiet-and-Divergence-Builds-Pressure-Dollar-Aussie-and-Kiwi-Drop.html?CHID=9&QPID=917719) showing $EURUSD and the Euro volatility index https://t.co/2uMzpD4tuC
  • Why should you set trading goals? How can it help regardless of what your #tradingstyle is? Find out: https://t.co/AYdD7ODlv1 https://t.co/MS0SW4Fozm
Dow Jones and FTSE 100 Forecast for the Week Ahead

Dow Jones and FTSE 100 Forecast for the Week Ahead

2019-11-03 10:00:00
Justin McQueen, Analyst
Share:
Dow Jones 2-Hour Price Chart

Equity Analysis and News

  • Dow Jones | Fed on Pause, Will Non-Manufacturing PMI Continue to Weaken?
  • FTSE 100 | BoE in Focus, Election Polls Highlight Commanding Conservative Lead
Equity Index Performance Chart

Source: Thomson Reuters, DailyFX

Dow Jones | Fed on Pause, Will Non-Manufacturing PMI Continue to Weaken?

The economic calendar will be relatively light next week with only a handful of notable data points. Following the weaker than expected ISM Manufacturing survey, focus is on the ISM Non-Manufacturing, which has been tracking the manufacturing sector lower in recent months. As such, a miss on expectations may point to greater concerns for the US economy and signal that the Federal Reserves pause in rate cuts may be somewhat premature.

ISM Manufacturing PMI vs ISM Non-Manufacturing PMI

Dow Jones Price Chart: Daily Time Frame (Nov 18 – Nov 19)

Dow Jones Price Chart Daily

FTSE 100 | BoE in Focus, Election Polls Highlight Commanding Conservative Lead

Following the largely weekly gain in 9-months for the FTSE 100, the index has seen a marginal pullback to be among the underperforming indices this week. A slight recovery in the Pound curbed further gains for the index as focus turns towards the UK general election. Majority of opinion polls have shown the conservatives with a commanding lead ahead of the labour party, raising the possibility that Boris Johnson may gain a majority in parliament.However, we are of cognizant of the fact that polling data has been somewhat inaccurate in recent times (2015 and 2017 the most obvious examples) therefore the outcome is uncertain.

Party Support Chart UK General Election

BBC

Looking ahead to next week, much of the focus will center around the Bank of England Monetary Policy report, which is likely to see the central bank reiterate a slightly dovish bias amid the ongoing political uncertainty, while there is also a risk of a more explicit dovish signal.

FTSE 100 Price Chart: Daily Time Frame (Oct 2018 – Nov 2019)

FTSE 100 Daily Price Chart

RESOURCES FOR FOREX & CFD TRADERS

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES

News & Analysis at your fingertips.