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
Oil - US Crude
Mixed
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
Bullish
More View more
Real Time News
  • RT @KyleR_IG: Restrictions to be eased in Victoria as the state records three new COVID-19 cases https://t.co/i7ED0r6zuP
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.88% Silver: -0.04% Gold: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/JOgCXf4qhk
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/AeBDanqM4V
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇦🇺AUD: 0.06% 🇨🇦CAD: 0.04% 🇬🇧GBP: -0.04% 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LIX3ToP9Bc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 75.86%, while traders in France 40 are at opposite extremes with 82.70%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fvWYlP8HEP
  • Dow Jones Retreats Ahead of FOMC, Nikkei 225 and ASX 200 Open Lower https://www.dailyfx.com/forex/market_alert/2021/06/16/Dow-Jones-Retreats-Ahead-of-FOMC-Nikkei-225-and-ASX-200-Open-Lower.html https://t.co/2sjz9ZpHgH
  • 🇦🇺 Westpac Leading Index MoM (MAY) Actual: -0.06% Previous: 0.19% https://www.dailyfx.com/economic-calendar#2021-06-16
  • MSCI #EmergingMarkets Index (EEM), which is heavily weighed in Chinese stocks, has been struggling to breach the 54.97 - 55.34 inflection zone A hawkish #Fed (especially amid ebbing #PBOC liquidity measures), could risk weighing the index Breach under 20-day SMA exposes MAR low https://t.co/4WQED01FWV
  • 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: https://t.co/QszmdZFxlk https://t.co/Lt3Z0TODqu
  • Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA’s Short-Term Energy Outlook. Where can prices head from here? Find out from @FxWestwater here:https://t.co/yK48nZD1ag https://t.co/CPBSrdO485
Stock Market Forecast for the Week Ahead: The Summer Doldrums Approach

Stock Market Forecast for the Week Ahead: The Summer Doldrums Approach

Peter Hanks, Strategist

Stock Market Forecast for the Week Ahead: Neutral

Stock Market Forecast for the Week Ahead: The Summer Doldrums Approach

The Dow Jones, Nasdaq 100 and S&P 500 enjoyed modest gains last week as the three indices advanced roughly 1.1%, 2.3% and 1.3% respectively. Inflationary concerns and talk of the Fed’s monetary policy reaction drove much of the price action and were the suspected catalysts behind initial price movement on Monday and Tuesday. As the week progressed volume and volatility died down and the major indices maintained a tight trading range into the weekend.

Stock Market Liquidity and the Benefits for Traders

That being said, the market behavior experienced late last week may be a sign of what’s to come for the Dow Jones, Nasdaq 100 and S&P 500 as seasonal headwinds work to weigh on market activity. Already, daily trading volume on the major US indices dipped to some of the lowest levels in the year-to-date last week and as summer approaches, the trend may continue until September.

Stock Market Forecast for the Week Ahead: The Summer Doldrums Approach

Sluggish market activity can lead to failed breaks with little follow-through which, in turn, can make trading ranges more common presenting an ideal landscape for range trading strategies. That said, the market should continue to derive influence from the same fundamental themes, inflation and taper talk, which will make Friday’s non-farm payroll report a highly important market event as market participants attempt to gauge precisely when the Fed will look to shift its policy path.

Fed Chairman Jerome Powell has repeatedly stated any change would be communicated well in advance which has led investors to suspect recent remarks from some Fed officials could be the start of said communication. Crucially, there has been no official statement and the next opportunity to provide such a shift may present itself at the June FOMC meeting when a new Summary of Economic Projections (SEP) is released.

In the meantime, markets may grasp for direction as liquidity and volatility look set to dry up. Follow @PeterHanksFX on Twitter for updates and analysis.

--Written by Peter Hanks, Strategist for DailyFX.com

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

DISCLOSURES