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
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
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region. Get your #Bitcoin forecast from @DColmanFX here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
Apple and Amazon Earnings Highlight Detachment from Real Economy

Apple and Amazon Earnings Highlight Detachment from Real Economy

Peter Hanks, Strategist

S&P 500 & Nasdaq 100 Outlook:

Apple and Amazon Earnings Highlight Detachment from Real Economy

Two of the most important stocks on the S&P 500 and Nasdaq 100 reported earnings Thursday afternoon, delivering key insight for equity investors. The mega-cap corporations possess significant weighting in both indices and have notable influence over sentiment in the technology sector. Therefore, the strong financial results from both companies is an encouraging sign for further equity gains but a closer look reveals a detachment of corporate performance and economic activity.

Apple and Amazon Lead Stock Rebound

Apple and Amazon Earnings Highlight Detachment from Real Economy

Chart created in TradingView

Apple Earnings Impress, Buybacks Continue

Unlike much of the corporate world, Apple not only delivered a strong quarter with both revenue and earnings per share beating expectations, but also laid out plans to buyback another $50 billion in AAPL stock. Together, the results suggest Apple is surprisingly well-positioned despite coronavirus and its plan to buyback shares runs contrary to the majority of other corporations and may draw criticism, especially if plans to furlough workers emerge. That being said, Apple also declined to issue forward guidance, reducing expectations for the future.

As a result, Apple’s quarterly report delivers a message that may be conducive to further stock gains but not necessarily reliant on revenue growth or increased profitability. Since Apple is a leading member of the Nasdaq and S&P 500, further gains would assist the indices in continuing higher, while compounding concerns of inflated stock valuations.

Amazon Sees Rising Costs Due to Coronavirus

Like Apple, Amazon also offered strong financial findings to the investing public.Unfortunately, the similarities do not stop there. While revenue was strong, Amazon CFO Tom Szkutak said “the company has seen lower demand for discretionary products such as apparel, shoes and wireless products.” Again, the report reveals a divergence in current financial reporting compared to earnings expectations and broader economic developments, this time highlighted through trends in consumer demand.

As the number of unemployed peoples continues to surge and economic output weakens, the real economy may continue to deteriorate. On the other hand, high-flying stocks like Apple and Amazon that are well positioned and have the luxury of delaying guidance may continue to eke out gains. Therefore, the outperformance of these stocks over the broader S&P 500 may continue, but I am dubious of how sustainable this trend might be in the months to come. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis.

--Written by Peter Hanks, Junior Analyst for

Contact and follow Peter on Twitter @PeterHanksFX

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