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
Bullish
Oil - US Crude
Bullish
Wall Street
Mixed
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
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.76% Gold: -1.70% Silver: -3.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/FSY60AhcrF
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.53% France 40: 0.48% Wall Street: 0.36% Germany 30: 0.07% FTSE 100: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/HMELco8gcz
  • Gold (XAUUSD) - Will the 50% Fib @ $1,763/oz hold this sell-off? #xauusd #gold @DailyFXTeam https://t.co/Oe9jyzvHOt
  • Iran Revolutionary Guards Commander says Iran will avenge killings of scientists as it has in the past - This is in response to reports that an Iranian nuclear scientist has been assassinated
  • Gold takes out both 1800 and 200DMA (1798), support at 1760-65 Silver down 4%, keep in mind, volumes notably thin amid the US Holiday, thus moves are likely exacerbated
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.40%, while traders in France 40 are at opposite extremes with 75.98%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lGo7KC5qlA
  • UK not accepting EU's fish offer - Sun Reporter $GBP
  • EU sources now saying Barnier won't be armed with this proposal, both sides still far apart - Daily Express https://t.co/LnGQ50eLXj
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.15% 🇳🇿NZD: 0.11% 🇦🇺AUD: 0.08% 🇯🇵JPY: 0.06% 🇨🇭CHF: -0.13% 🇬🇧GBP: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Hg4EBo6N2N
  • What factors are influencing $GBP this quarter? Get your free forecast here:https://t.co/uFoEr9dXhE https://t.co/hwVk99eQQY
Dow Jones & DAX 30 Forecasts for the Week Ahead

Dow Jones & DAX 30 Forecasts for the Week Ahead

2020-03-08 13:00:00
Peter Hanks, Analyst
Share:

Dow Jones, DAX 30 Price Outlooks:

  • The Dow Jones suffered another weekly loss despite an emergency Fed rate cut
  • An upcoming ECB meeting could see the central bank explore other forms of monetary intervention
  • Regardless, it seems global equity markets may experience further volatility as the impact of coronavirus is weighed

Dow Jones Forecast

Outlook: Neutral

Stocks suffered another string of declines last week as coronavirus fears continue to pressure risk assets despite significant central bank intervention. Given the historic price action and volatility markets are currently experiencing, equity volatility may continue in the weeks ahead.With that in mind, the Dow Jones, S&P 500 and Nasdaq will look to ride risk sentiment and react to further central bank intervention should it materialize.

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

To be sure, the Fed’s emergency rate cut last week was met with mixed emotions. While some analysts were calmed by the central bank’s proactivity, others suspected the unexpected cut was an indication that Fed officials knew something the rest of the market did not. As a result, stocks closed lower on the day as investors grappled with the possibility of a deeper drawdown than previously expected.

Fed Funds Futures

Source: CME Group

With that in mind, the reaction to further central bank intervention will be key, and the market is already pricing in another 50bps rate cut at the March 18 meeting. In the meantime, the Dow Jones will look to monetary policy changes from other central banks and upcoming economic data as it awaits the Fed. Similarly, positive developments in China could begin to improve sentiment as the country looks to return to work following the initial outbreak and quarantine. Meanwhile, follow @PeterHanksFX on Twitter for updates and insights.

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

DAX 30 Forecast

Outlook: Neutral

The DAX 30 may act similarly in the week ahead as it awaits clarification from the European Central Bank which is scheduled to offer a rate announcement on Thursday. Critically, the ECB has fewer monetary policy avenues at its disposal than the Federal Reserve given the bank’s lower interest rate. Therefore, policy will likely be limited to liquidity injections or fiscal reform.

DAX 30 Price Chart: Daily Time Frame (November 2017 – March 2020)

Dax chart

How to Trade Dax 30: Trading Strategies and Tips

Either way, the DAX will look for some form of support as several European economies run the risk of recession amid the coronavirus outbreak. Should the ECB act and European equities react negatively, it may suggest further volatility is ahead as traders speculate the worst is not yet over. Consequently, directional biases are incredibly difficult to evidence at this point, resulting in a neutral – but likely volatile – outlook for the week ahead.

Dow Jones 2 hour chart

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

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

DISCLOSURES