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
Oil - US Crude
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
Wall Street
More View more
Breaking news

Australia added 114.7k jobs in July, beating 30.0k estimate. Unemployment rate fell to 7.5%, outperforming the 7.8% estimate

Real Time News
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:https://t.co/sR7HqpK8BI https://t.co/PSyPSFwSQq
  • - #Crudeoil prices could get a tailwind from newly growing US-#Iran political risks - Washington is seeking to extend an arms embargo beyond its October deadline - #Geopolitical tensions are not unfamiliar to oil traders, but is this time different? https://www.dailyfx.com/forex/fundamental/article/special_report/2020/08/13/Crude-Oil-Prices-Brace-for-Impact-with-US-Iran-Tensions-Brewing.html
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/RD5jfhST15
  • If you missed today's live coverage of the Australian jobs reports where I discussed recent price action and the trajectory of $AUDUSD, $AUDJPY and $AUDNZD, check out the recording on YouTube here - https://t.co/DFtslv9p9J
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 1.36% Gold: 1.08% Oil - US Crude: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/D73pACW7Wo
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.20% 🇬🇧GBP: 0.19% 🇨🇭CHF: 0.14% 🇦🇺AUD: 0.07% 🇨🇦CAD: 0.04% 🇳🇿NZD: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/iWfve22mC7
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.74%, while traders in US 500 are at opposite extremes with 78.31%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/pr60jYN4lU
  • Are we witnessing a positive month for the FTSE as bulls take control? Find out here: https://t.co/j89IW0WMY7 https://t.co/JECJAfuFJW
  • #AUDUSD edged slightly higher after better-than-expected jobs report https://t.co/1sG8q6hGcc
  • 🇦🇺 Full Time Employment Chg (JUL) Actual: 43.5K Previous: -38.1K https://www.dailyfx.com/economic-calendar#2020-08-13
CAC 40 & Euro Stoxx 50 Outlooks Enjoy Boost from Auto Tariff Deadline

CAC 40 & Euro Stoxx 50 Outlooks Enjoy Boost from Auto Tariff Deadline

2019-11-15 19:30:00
Peter Hanks, Analyst

CAC 40 & Euro Stoxx 50 Outlook:

  • The Euro Stoxx 50 may enjoy newfound stability after reports were released on Friday that suggest the US has officially taken automobile tariffs off the table
  • Similarly, the CAC 40 could look to extend its recent rally on the back of the news
  • Still, the news may have been partially priced in already, causing subsequent gains to be derived from the removal of uncertainty more so than a decidedly bullish development

CAC 40 & Euro Stoxx 50 Outlooks Enjoy Boost from Auto Tariff Deadline

A report from Norway’s Minister of Industry suggests the United States will not pursue auto tariffs on the European Union, removing a key uncertainty facing the Euro Stoxx 50 and the CAC 40. Consequently, the two indices could look to extend their recent rallies as the newfound stability could allow tailwinds – like more accommodative monetary policy – to push European stocks higher still. With that in mind, here are the levels to watch in the week ahead.

CAC 40 Price Chart: Monthly Time Frame (January 2000 – November 2019) (Chart 1)

CAC40 Monthly Price Chart

Enjoying a rally of more than 26% in the year-to-date, the CAC 40 boasts one of the better performances among the major stock indices. Now, the French equity index finds itself at the highest level since July 2007, with swing-highs from the decade prior coming into view. Thus, the index’s next area of substantial resistance may reside around 6,160.

CAC 40 Price Chart: Daily Time Frame (October 2017 – November 2019) (Chart 2)

CAC40 Daily Price Chart

In the shorter term, the CAC could look to employ the ascending trendline from December for further gains. While the level has seen its influence fluctuate over time, recent price action suggests it still carries some weight which is an encouraging sign for the CAC 40 given its present position.

Euro Stoxx 50 Outlook

Similarly, the Euro Stoxx 50 could also receive a slight boost in the week ahead. While the EU50 has not enjoyed the same degree of gains compared to that of the CAC 40 or DAX 30, it has climbed to notable levels of its own. Closing at technical resistance around 3,700 on Friday, a bullish open next week could allow for an extended leg higher. Should it occur, resistance from April 2015 – around 3,840 – may look to stall the rally. On the other hand, the Euro Stoxx 50 will hope to employ support around 3,600 in the event bullishness subsides and bears take control.

Euro Stoxx 50 Price Chart: Daily Time Frame (April 2015 – November 2019) (Chart 3)

EURo Stoxx 50 Daily Price Chart

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

Contact and follow Peter on Twitter @PeterHanksFX

Read more:Top Retail Stocks to Watch Ahead of Black Friday

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


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.