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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Fed's Bullard (2022 voter) - Need to be ready for upside risks to inflation - Labour market is tight according to anecdotal evidence - Committee now only starting to talk about tapering, adds that it will take some time to get that up and running
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 85.96%, while traders in France 40 are at opposite extremes with 69.92%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:💶 ECB President Lagarde Speech due at 14:15 GMT (15min)
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: 0.65% Oil - US Crude: 0.43% Silver: 0.33% View the performance of all markets via
  • US Dollar Index (DXY) squeeze took market by surprise. A small digestion period would do some good for further gains. Get your $USD market update from @PaulRobinsonFX here:
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.83% Wall Street: 0.75% US 500: 0.46% France 40: 0.37% FTSE 100: 0.17% View the performance of all markets via
  • Market drivers for the week after the Fed: MOAR FED
  • FOMC Speakers this week
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • 🇺🇸 Chicago Fed National Activity Index (MAY) Actual: 0.29 Previous: -0.09
Dow Jones, DAX, Gold & More – Charts to Watch

Dow Jones, DAX, Gold & More – Charts to Watch

Paul Robinson, Strategist

The Dow Jones futuressold off overnight on further escalation in the Middle East, but quickly recovered and are currently trading higher. The reversal will have the cash index opening amidst a shallow pullback/digestion phase, something pointed out as likely to come following extremes at the end of December only seen a few times in several years.

The Dow recently traded off resistance via an upper parallel that is part of a channel dating back to the spring of last year. This will be a focal point on further strength, while on the downside the trend-line running up from October is viewed as the first line of support. A touch-and-go off support could offer up a nice trend-continuation trade.

Dow Jones Daily Chart (watch trend-line support)

Dow Jones daily chart, watch trend-line support

Dow Jones Chart by TradingView

The DAX is set up for higher prices after tagging the August trend-line with almost exact precision and reversing on Monday. The trend is generally higher, and the trend-line gives the market some backing in the consolidation the market has been in since November. It will take a break below 12886 to turn the outlook bearish, otherwise the record high at 13596, created in January 2018, will become the next major focal point.

DAX Daily Chart (set up bullishly)

DAX daily chart, set up bullishly

DAX Chart by TradingView

Gold has been ripping hard since around Christmas, and tensions in the Middle East have added some fuel. However, the rip appears to be ending in exhaustion with the development of a key-reversal, pin-bar, whatever you want to call it, possibly in the works.

There is still time left today, but if the session closes with a candle looking similar to what we see now then a retracement looks to be in the works. The area breached overnight is a major zone from the 2011/12 topping process, and could continue to be a problem for a while longer.

Gold Daily Chart (reversing around major long-term resistance)

Gold daily chart, reversing around major long-term resistance

Gold Price Chart by TradingView

To see all the charts we looked at, check out the video above…

Resources for Index & Commodity Traders

Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, and trading guides to help you improve trading performance.

We also have a series of guides for those looking to trade specific markets, such as the S&P 500, Dow, DAX, gold, silver, crude oil, and copper.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at@PaulRobinsonFX

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