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
Oil - US Crude
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
More View more
Real Time News
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: -0.05% Oil - US Crude: -0.25% Gold: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/C66zBofenc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.72%, while traders in France 40 are at opposite extremes with 71.64%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6QmJTzlrho
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/1mnOXUuBpt https://t.co/8PhqKCpyzf
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.03% France 40: 0.03% US 500: 0.02% FTSE 100: -0.06% Germany 30: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Mkxtacawl4
  • AUD declined into the weekend, wiping out earlier gains against USD #IronOre tumbled this week, with futures on #SGX down about 15%! -> 3-month low China is further cracking down on steel output to ebb pollution Iron ore is a key AU export to China, posing a risk #AUD $AUDUSD https://t.co/NSDM7Ln5sA
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:https://t.co/7G7pWntiyY https://t.co/gAlFxO9Fl4
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.11% Silver: -0.53% Gold: -0.95% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qTX1rsmxSM
  • Mexico’s second quarter GDP grows 1.5% q/q and 19.7% y/y, slightly below market expectations. Get your $USDMXN market update from @DColmanFX here:https://t.co/s3i0GDWXpr https://t.co/CD7aQhOG19
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.66%, while traders in France 40 are at opposite extremes with 71.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rfrl2bsz9S
  • A strong Covid-19 vaccine program reduces risks stemming from the Delta variant. BoE optimism on economic recovery grows. Get your weekly GBP forecast from @JMcQueenFX here: https://t.co/tFxeTpzOQx https://t.co/flH1fOMBin
S&P 500 Price Outlook: Traders on Edge as VIX Pops Ahead of Jackson Hole

S&P 500 Price Outlook: Traders on Edge as VIX Pops Ahead of Jackson Hole

Peter Hanks, Strategist

S&P 500 Price Outlook:

S&P 500 Price Outlook: Traders on Edge as VIX Pops

The S&P 500, Dow Jones and Nasdaq 100 were faced with widespread uncertainty on Thursday as traders jostled for position ahead of incoming Fed speak that possesses great market-moving potential. Although the three indices pared major losses and the Dow Jones was dragged higher by Boeing (BA), the VIX Index remained elevated into the close which speaks to the fear amongst investors – which is understandable given the stakes.

S&P 500 Price Chart: 4 - Hour Time Frame (June – August) (Chart 1)

S&P 500 price chart

Chart created withTradingView

As it stands, markets are expecting a 25-basis point cut at the September FOMC meeting – while others have called for a 50-basis point cut at minimum. Some analysts, myself included, argue the prospect of further easing has already been priced in which has allowed the S&P 500 to maintain its robust valuation despite an expanded trade war and inverted yield curve.

Sign up for our Free Weekly Equity Webinar in which critical technical levels and fundamental themes are analyzed each week.

Therefore, if the assumption is correct, anything less than complete capitulation from Fed Chairman Jerome Powell and his peers could seriously disappoint stock traders and result in price declines which could potentially see the Index retest the trendline from June.

VIX Price Chart: 4 – Hour Time Frame (June – August) (Chart 2)

VIX chart

Chart created withTradingView

On the other hand, IG Client Sentiment Data suggests the S&P 500 may be destined for greater heights as traders remain net-short. For more technical analysis and fundamental updates on the major equity markets, follow @PeterHanksFX on Twitter.

S&P 500 Price Outlook: Traders on Edge as VIX Pops Ahead of Jackson Hole

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

Contact and follow Peter on Twitter @PeterHanksFX

Read more:Canadian Dollar Price Forecast: USD/CAD Strength May Fade

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

DISCLOSURES