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.



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
Wall Street
More View more
Real Time News
  • Long wick candles are recurrent within the forex market. This makes understanding the meaning behind these candles invaluable to any trader to comprehend the market dynamics during a specific period. Learn about the importance of extended wicks here:
  • Safe haven stocks also allow traders to diversify their portfolio and reduce risk. Learn if safe-haven stocks are made for you here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • but the next major point in my view to monitor will be 52.76 - at least in the short term.
  • #Brent having broken above the pre-OPEC drop off at 45.51 is a huge deal considering it failed to crack resistance there in August (leading to the invalidation of "uptrend 2") and the psychological significance of that level
  • The New Zealand Dollar looks poised to extend its push higher against its haven-associated counterparts on robust economic data and a less dovish stance from the RBNZ. Get your $NZD market update from @DanielGMoss here:
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2020? Find out from @JohnKicklighter here:
  • The Swiss Franc may continue higher against the US Dollar as technical pressure favors USD/CHF bears..Get your $USDCHF market update from @FxWestwater here:
  • The US Dollar lost ground to most ASEAN currencies as Emerging Market assets climbed despite US economic woes. USD/INR is eyeing third-quarter Indian GDP at the end of the week. Get your market update from @ddubrovskyFX here:
  • The global stock market can be categorized into specific groups or ‘stock market sectors’. Organizing the vast number of stocks in this way helps traders to view assets in a more manageable way. Get your stock market sectors basics here:
Dow Jones, Nasdaq 100, DAX 30 Forecasts for the Week Ahead

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

2020-02-17 20:30:00
Peter Hanks, Analyst

Dow Jones, Nasdaq 100, DAX 30 Outlooks:

  • After a long weekend, the Dow Jones will look to the release of FOMC minutes on Wednesday
  • The Nasdaq 100 will keep an eye on an ongoing FTC review into some of its largest components
  • Meanwhile, the DAX 30 will await German survey data as the economy teeters on the brink of a recession

Dow Jones Forecast

Outlook: Bullish

The Dow Jones posted another rally last week despite resurgent coronavirus fears and profit warnings from companies with operations in China. Rather surprisingly, it seems as though the US equity market is unbothered by the drastic reduction in Chinese economic activity as the three major indices continue to establish new highs. Meanwhile, other growth-sensitive markets like crude oil and copper have suffered which has left the three markets – ones that typically share some degree of positive correlation – severely disjointed.

Dow Jones Price Chart: Daily Time Frame (December 2018 – February 2020)

Dow Jones Price Chart

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

With that in mind and without much positive news elsewhere, it becomes increasingly difficult to find evidence for the most recent leg of this record-setting rally. To be sure, many analysts have been eager to point to the expansion of the Federal Reserve’s balance sheet – myself included – as a major factor, but even that fundamental driver was dealt a blow on Thursday when the Fed announced it would slowly scale back repo operations.

Starts in:
Live now:
Dec 02
( 16:12 GMT )
Recommended by Peter Hanks
Weekly Stock Market Outlook
Register for webinar
Join now
Webinar has ended

Consequently, it seems as though the market is comfortable treading higher without an overwhelmingly bullish backing of fundamentals which could suggest US equities have entered another stage in the bull market cycle. Furthermore, Fed Chairman Jerome Powell’s commitment to “sustain the expansion” is a continuous source of optimism and insurance for US equities that may provide a bullish tailwind until the Fed is pressured to change course. To that end, recent Fed meetings and FOMC minutes suggest Wednesday’s minutes will be largely in line with previous updates from the central bank, leaving the Dow Jones tied to risk trends associated with the coronavirus. In the meantime, follow @PeterHanksFX for updates and insights.

Nasdaq 100 Forecast

Outlook: Bearish

Like the Dow Jones, coronavirus concerns and the Fed’s policy path are favored to be the main influencers of Nasdaq price action in the week ahead. In the case of the Nasdaq specifically, however, an ongoing Federal Trade Commission review into Amazon, Google and Facebook could create regulatory headwinds for some of the index’s leaders. In turn, such uncertainty could weigh on future gains and slow the Nasdaq’s ascent, but further progress in the case will likely be required before possible reparations are outlined and serious pressure is applied.

On Monday, Apple announced the company is unlikely to meet its quarterly guidance due to the coronavirus outbreak in China. While the report stated work around China was resuming, it conceded progress was slower than expected, particularly outside of the Hubei province where the contagion began. Last time Apple revised its quarterly forecast lower it sparked significant volatility in stocks and currencies like the Australian Dollar and Japanese Yen. While there is nothing to suggest a similar reaction this time around, the announcement is surely a negative development for the Nasdaq and the holiday trading conditions will create a unique landscape in the stock market when trading resumes on Tuesday.

DAX 30 Forecast

Outlook: Bullish

The DAX 30 also rallied last week despite another string of poor economic data from the Eurozone and the German economy in particular. Coinciding with a steep drop off in EUR/USD, the DAX’s recent price action might suggest investors are anticipating further monetary easing from the European Central Bank in an effort to revive the European economy.

DAX 30 Price Chart: Daily Time Frame (November 2018 – February 2020)

DAX Price Chart

How to Trade Dax 30: Trading Strategies and Tips

Whatever the case may be, the DAX 30 will likely continue to trade alongside the Dow Jones, S&P 500 and Nasdaq 100 in the week ahead as broader risk trends look to exert their influence over equity valuations. DAX traders may also be given some insight from Eurozone and German survey expectations due Tuesday, but it is unlikely the data can significantly sway the index by itself.

Equities Forecast
Equities Forecast
Recommended by Peter Hanks
Get Your Free Equities Forecast
Get My Guide

--Written by Peter Hanks, Junior Analyst for

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