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.



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
More View more
Real Time News
  • 🇳🇱 Consumer Confidence (SEP) Actual: -5 Previous: -6
  • A rough start to the week with the cryptocurrency market a sea of red with losses on either side of -10% a common sight.Get your market update from @nickcawley1 here:
  • RT @FxWestwater: Gold, Copper Forecast: XAU Eyes FOMC, Evergrande News Sends Copper Flying Link:…
  • Heads Up:🇳🇱 Consumer Confidence (SEP) due at 04:30 GMT (15min) Previous: -6
  • PBoC liquidity injection + reports that Evergrande will make its next onshore bond payment ($35.88-million on 23 Sept) is bolstering risk appetite here. Yet, there is still no word on the $83.53-million offshore bond payment also due Thursday. Over to you now, Jpow & Co.
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Bank of Japan: - Outlook highly uncertain amid Covid - Asset purchase outline unchanged - Cuts assessment of production - exports, production impacted by supply side constraints - BBG
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Previous: -0.1%
  • What is your forex trading style? Take the quiz and find out:
  • Hello there traders! @FxWestwater and I collaborated to bring you a breaking news story on China's #Evergrande coupon payment $AUDUSD $NZDUSD #AUD #NZD Check out the full story here -
Equities Wobble After Extremely Disappointing NFP Headline: DAX 30, S&P 500 Key Levels to Watch

Equities Wobble After Extremely Disappointing NFP Headline: DAX 30, S&P 500 Key Levels to Watch

Daniela Sabin Hathorn, Analyst
SPX Chart


  • NFP data leaves investors concerned about the tapering timeline
  • Key levels to watch for the DAX 30 and S&P 500

The latest reading on NFP data has been disappointing. There were only 235 thousand jobs created in the US in August, when analysts were expecting at least 750 thousand, following on from July’s reading of 943 thousand, later revised to 1.053 million. Stocks pulled back slightly when the headline figure came out, but a deeper look into the data showed that it wasn’t all disappointing as the unemployment rate fell from 5.4% to 5.2% and wages were firmer than the previous month.

The play for equities at the moment is slightly confusing as a weaker NFP means that there is a greater chance that the tapering of assets will be pushed back by the Fed, meaning more liquidity for longer, but it can also be seen as a worrying sign that the economic recovery is losing momentum. Either way, stocks seem to have only one direction at the moment and that is up, even if a pullback is needed to cement further bullish momentum.

On the calendar next week there are a few central bank meetings to look out for (RBA, ECB, BOC) as well as some inflation data but I would expect equities to continue to react to the latest US jobs report heading into the next week, which is shortened due to a bank holiday in the US on Monday, as investors weigh up the possible effects this may have on the Fed’s tapering timeline.



The pullback in the DAX 30 has intensified to end the week and the German index is now fighting to keep sellers away at the 50-day SMA. There is probably some further weakness left before a rebound happens and so the 15,600 area is looking good for support in the short term, whilst the 127.2% Fibonacci extension (15,424) is the level to look out for if a bearish reversal is in play. If, and when, buyers regain control of the DAX 30 the 16,000 continues to be the tough challenge ahead as there have been several failed attempts to consolidate above this target area and achieve a new all-time high.

DAX 30 Daily Chart

DAX 30 Chart


Once again the S&P 500 has been the key standout this week and has continued to reach new all-time highs despite sentiment coming down a touch. The index has flatlined a little bit around 4,530 area but momentum continues to strong bullish support in the short term. That said, the S&P 500 is slightly extended over its ascending trendline and so we may see a pullback towards it before more buyers pile in, so a dip below the 4,500 level next week may be on the cards.

S&P 500 Daily Chart

S&P 500 Chart

Learn more about the stock market basics here or download our free trading guides.

--- Written by Daniela Sabin Hathorn, Market Analyst

Follow Daniela on Twitter @HathornSabin

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