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
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
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (AUG) due at 01:30 GMT (15min) Previous: 57.3%
  • RT @FxWestwater: Australian Dollar Forecast: $AUDUSD Action May Swing on Chinese Industrial Profits Link: https://…
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX!
  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • We are heading into the final trading days for the month of September and event risk thins out amid the $SPX's rebound. This is what history says for the 39th week of the year and here is my take on the variable factors:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally

Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally

Peter Hanks, Strategist

Dow Jones Price Outlook:

Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally

Bulls and bears have jostled for position on the Dow Jones this week as early strength quickly transitioned to weakness despite hopes of a coronavirus vaccine and hints of recovery in the US economy. While traders continue to search for a trend, earnings from some of the largest retailers in the country will offer key insight into the health of the US economy with the potential to extinguish hope or ignite further optimism. In turn, investors will watch the reports closely in an attempt to gauge the pace of recovery and the depth of contraction.

Upcoming Earnings in the Retail Sector

retail stocks earnings report

Source: Yahoo Finance

To be sure, the looming reports will be disseminated into an unfamiliar atmosphere as prior companies have shown poor results are not necessarily followed by an adverse reaction in stock price. Since the global economy has been upended, investors have afforded companies with poor performances a little bit more leeway than they may have in the past, instead looking to forward guidance.

In the case of retailers, the dynamic may be similar, but as retail giants like Walmart and Target were allowed to remain open as others – like Best Buy – were shuttered, there may be an opportunity for stock-pickers to capitalize on unique circumstances. That said, forecasting corporate results in the current climate is no easy task.

More broadly, the results will offer granular insight on specific areas of the retail sector and consumer spending trends. If results are negative across the board and reveal that consumers have shied away from purchasing during the pandemic – as is expected by many – the road to economic recovery could be longer than originally anticipated. Thus, the general trend of results may have a direct impact on the Dow Jones.

Dow Jones Alongside Retail Sector: Daily Time Frame (January 2020 – May 2020)

dow jones price chart

Chart created in TradingView

As the Industrial Average grapples with technical resistance, a dire string of corporate reports could derail an attempt higher from a price perspective. Furthermore, the retail sector has closely matched the performance of the Dow Jones in the month of May. Since a continuation higher may require broader market participation – as I noted Tuesday – weakness in a sector with a notable positive correlation does not guarantee declines, but it may make a rally more difficult to evidence. In the interim, follow @PeterHanksFX on Twitter for updates.

--Written by Peter Hanks, 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.