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
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
Bearish
GBP/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
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.36%, while traders in France 40 are at opposite extremes with 70.16%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HYs8jzZrmf
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇦🇺AUD: 0.11% 🇨🇦CAD: 0.09% 🇨🇭CHF: 0.05% 🇯🇵JPY: 0.03% 🇬🇧GBP: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Jntw19iZKD
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.41% France 40: 0.22% Germany 30: 0.21% US 500: 0.15% FTSE 100: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uA7dhYQvQx
  • Chinese stocks rallied following PBOC's liquidity injection: - CSI 300 (+1.49%) - Hang Seng Index (+1.16%) - Hang Seng Tech Index (+2.23%) https://t.co/7j4DJu6YZD
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/hwp2EU0zEm
  • "Wall Street Futures Update: Dow Jones (+0.39%) S&P 500 (+0.12%) Nasdaq 100 (+0.04%) [delayed] -BBG"
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.61% Gold: 0.23% Oil - US Crude: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UQpIKV2jEZ
  • Natural gas prices have recaptured a key trendline after a major heatwave sent energy demand in the United States soaring. Get your market update from @FxWestwater here:https://t.co/7DdcMrObKp https://t.co/G3OuF7Y5IB
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.17% 🇦🇺AUD: 0.11% 🇪🇺EUR: 0.10% 🇬🇧GBP: 0.06% 🇨🇦CAD: 0.04% 🇯🇵JPY: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lqLaaO04eh
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.38%, while traders in France 40 are at opposite extremes with 70.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KYpAOemcJX
Q3 Earnings Kicks into High Gear, Relief Rally for Italian Assets

Q3 Earnings Kicks into High Gear, Relief Rally for Italian Assets

Justin McQueen, Analyst

Equity Analysis and News

  • S&P 500 | Earnings May Keep Risk Sentiment Intact
  • FTSE MIB | Relief Rally, However, Risks Remain

See our Q4 forecasts to learn what will drive price action through the quarter

Price

200DMA

RSI

Open Interest

IG Sentiment

Europe

FTSE 100

7081

7458

18

606,188

Mixed

DAX

11629

12513

25

96,407

Mixed

CAC 40

5103

5376

18

270,235

Bearish

US

S&P 500

2767

2767

28

2,709,549

Bullish

DJIA

25444

25145

32

88,552

Mixed

Nasdaq 100

7129

7131

40

237,839

-

S&P 500 | Earnings May Keep Risk Sentiment Intact

S&P 500 futures are modestly firmer to begin the week, following the surge in Chinese assets overnight where the Shanghai Composite saw gains of 4.1%. Over the course of the week, 158 S&P 500 companies are due to report their latest corporate results, which includes heavyweights, Amazon, Alphabet, Microsoft and McDonalds. While sentiment remains fragile given the recent sell-off in equity markets with US consumer staples ETF outperforming the industrials ETF, a slew of upside surprises may be needed in order to keep risk sentiment buoyed for US equity markets. As it stands, 17% of index have beaten analyst earnings estimates.

S&P 500 Price Chart: Daily Time Frame (Jan-Oct 18)

Q3 Earnings Kicks into High Gear, Relief Rally for Italian Assets

FTSE MIB | Relief Rally, However, Risks Remain

Relief rally for Italian assets despite a downgrade by Moody’s by Italian sovereign credit. The outlook had been revised to stable from negative reducing the likelihood of a further downgrade in the near term, which would have taken Italian bonds to junk status. However, risks remain for Italian assets with the EU set to reject the Italian budget proposal, while S&P is due to announce their credit rating on Friday with question marks as to whether they will follow in Moody’s footsteps.

FTSE MIB Price Chart: Daily Time Frame (Sep 2016 – Oct 2018)

Q3 Earnings Kicks into High Gear, Relief Rally for Italian Assets

KEY TRADING RESOURCES:

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES