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
EUR/USD
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
Oil - US Crude
Bullish
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
Bullish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/VzEbQn8blk
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/bZEFtp8kFe https://t.co/ETF52Q2sLz
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3IBcEu https://t.co/AXZxK8Abrh
  • Global stock markets may see turbulent volatility if darkening clouds over Washington’s relations with Beijing turn into a geopolitical storm. Which assets will be the lifeboat? Find out here:https://t.co/RkFI6qAyik https://t.co/9Ppa4d48Ql
  • The Dow Jones and S&P 500 outlook appears bleak in the near term as retail traders increase their upside exposure. At the same time, these indices confirmed bearish technical warning signs. Get your market update from @ddubrovskyFX here:https://t.co/fKCHELbOxo https://t.co/e0liqVDzw6
  • The Japanese Yen may fall against its major peers, but there is room for a near-term climb that wouldn’t necessarily overturn a bearish technical bias. USD/JPY is eyeing support. Get your market update from @ddubrovskyFX here:https://t.co/AEnQCXnwAL https://t.co/tuq7DDF3jE
  • Protests in Colombia may continue to pressure the Peso, but surging commodity prices and a weaker Greenback could curb USD/COP gains. Get your market update here:https://t.co/vcVH75xuKI https://t.co/kEvbsagB4a
  • Money never sleeps.... https://t.co/mAkpWd2M3O
  • The US exchanges are closed and now we have to turn over to the cryptocurrency charts to monitor developments in risk trends over the weekend. Unfortunately, it can be difficult to separate systemic sentiment influences vs isolated issues (like a celebrity's tweet about a coin)
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.93% 🇦🇺AUD: 0.72% 🇪🇺EUR: 0.55% 🇨🇦CAD: 0.50% 🇬🇧GBP: 0.32% 🇯🇵JPY: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rzD7Gp4VIC
S&P 500 and FTSE 100 Forecasts for the Week Ahead

S&P 500 and FTSE 100 Forecasts for the Week Ahead

Justin McQueen, Analyst
SPX S&P 500 Chart

Source: IG Charts

S&P 500, FTSE 100 Analysis and News

  • S&P 500 | Nearing Record High
  • FTSE 100 |Negative Rates Lower Down the Pecking Order of Stimulus Measures
Equity index performance chart

Source: DailyFX, Refinitiv

S&P 500 | Nearing Record High

Another stellar week for US equities with tech stocks once again leading the charge. Friday’s NFP report provides further encouragement that the recovery remains intact. That said, perhaps what will be key to providing a further lift to equity markets will be next week’s retail sales data. As it stands, higher frequency data has thus far shown a slowdown in consumption amid renewed restrictions in several US states. We await next week’s retail sales for confirmation.

Elsewhere, US-China tensions continue to pick-up, this time with the US looking to impose sanctions on Hong Kong Chief Carrie Lam. This backdrop comes ahead of the US reviewing the current trade deal on August 15th as to whether China has adhered to the pact. Therefore we place a close on US rhetoric towards China ahead of the compliance review, while there is also a risk of a retaliation from Beijing in regard to the recent sanctions.

Trump Support Benefits from Anti-China Rhetoric

China views from US

S&P 500 Price Chart: Daily Time Frame

S&P 500 price chart

Source: IG Charts

FTSE 100 |Negative Rates Lower Down the Pecking Order of Stimulus Measures

The Bank of England kicked back expectations of negative rates in the UK with the central bank stating that other tools are at its disposal, suggesting that the NIRP is lower down the pecking order of stimulus measures. That said, the FTSE 100 appears to be settling in a lower range with the index failing to make strides above 6100. Short-term support is situated at 5850 with a move below opening up 5600. Next week will see the release of the UK Q2 GDP report, however, given that this data comes with a lag we expect this to have a minimal impact on UK assets.

FTSE 100 Price Chart: Daily Time Frame

FTSE price chart

Source: IG Charts

RESOURCES FOR 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

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES