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
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇬🇧GBP: 0.07% 🇨🇭CHF: 0.04% 🇳🇿NZD: -0.06% 🇦🇺AUD: -0.12% 🇨🇦CAD: -0.13% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.48%, while traders in Wall Street are at opposite extremes with 78.79%. See the summary chart below and full details and charts on DailyFX:
  • 🎯 Bitcoin extending its surge through the weekend to trade back above $35K. Seeing some serious upward momentum here, but in light of Fed event risk this week, it may be prudent for short-term tactical traders to consider unwinding exposure a bit. #Bitcoin $BTC $BTCUSD
  • 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
  • RT @FxWestwater: Asia AM - New Zealand Dollar Outlook: $NZDUSD Breakout Chance Shifts Into View…
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • 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:
  • 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:
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST on DailyFX! A look at the levels heading into #FOMC -
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
FTSE 100 & DAX Fundamental Forecast: Trump Impeachment Odds Rise

FTSE 100 & DAX Fundamental Forecast: Trump Impeachment Odds Rise

Justin McQueen, Analyst

FTSE 100 & DAX Analysis and Talking Points:

  • Equity Markets Drop as Risk Appetite Folds
  • Trump Impeachment Odds Rise

Equity Markets Drop as Risk Appetite Folds

President Trump impeachment odds rose 20ppts to 57% in yesterday’s session after House Speaker Pelosi announced that the House will launch a formal impeachment inquiry into US President Trump. The impeachment proceedings are due to allegations that President Trump had pressured the Ukrainian President to investigate a political rival, Joe Biden, who is currently running in the 2020 Presidential Election campaign. That said, so far this may simply be political noise, given that while the House of Representatives (Democrat Majority) will likely vote and carry the inquiry, the proceedings would likely come to a halt in the Senate as the Republican party holds a majority. Therefore, the Republican party can prevent the President from being removed from office by a two-third majority. However, equity markets are nonetheless on the backfoot with European equity markets trading firmly in the red.

US-China trade deal optimism had been given somewhat of a reality check following the less than conciliatory tone from President Trump at the UN. Subsequently, this highlights that while both sides have made goodwill gestures with China stating that they will purchase more US agricultural products, roadblocks to a significant trade deal remains.

DAX Price Chart: Daily Time Frame (Apr 19 – Sep 19)

The DAX is currently testing the support from 12140-50 and thus capping further downside for now. However, a break below raises the risk of a test of 12120, which coincides with the 100DMA. Amid the current backdrop, any bounces could stall on a test of resistance at the 61.8% Fibonacci retracement (12300).

FTSE 100 & DAX Fundamental Forecast: Trump Impeachment Odds Rise

Source: IG

FTSE 100 Price Chart: Daily Time Frame (May 19 – Oct 19)

Following yet another failure to make a topside breach above 7400, the FTSE 100 continues to head lower. Currently, the index is holding key support area of 7200-20, however, losses may indeed extend further on a closing break below 7200, which in turn increases scope for a test of 7100. Ongoing uncertainty pertaining to the current political chaos keeps demand for UK equities on the weak side.

FTSE 100 & DAX Fundamental Forecast: Trump Impeachment Odds Rise

Source: IG

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at

Follow Justin on Twitter @JMcQueenFX

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