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.



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
Wall Street
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
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data 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:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out 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:
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook!
Equity Markets Look Increasingly Fragile as US-China Tensions Escalate

Equity Markets Look Increasingly Fragile as US-China Tensions Escalate

2020-05-28 09:30:00
Nick Cawley, Strategist

FTSE, DAX and S&P Price, News and Analysis:

  • New law bans secession, subversion and terrorism.
  • US Secretary of State Mike Pompeo warns HK’s preferential status at risk.
Top Trading Lessons
Top Trading Lessons
Recommended by Nick Cawley
Find Out the #1 Mistake Traders Make
Get My Guide

Risk Markets Need to Take Heed of Political Tensions

Global equity markets continue to extend their sharp rebounds from their late-March multi-year lows, favoring central bank liquidity over increasing global political risks. The S&P 500 has recouped nearly 70% of its recent losses, with the German DAX 30 close behind, while the FTSE 100 has returned over 50% in the last two months. Furthermore, the NASDAQ 100 is close to regaining all of its recent losses, driven by market heavyweights, Microsoft, Apple, Amazon and Alphabet. While central bank largesse continues, markets are content to ignore growing political tension between the world’s two superpowers, the US and China.

S&P 500: High 3,391 (Feb 20) – Low 2,184 (March 23) – Currently 3,046.

DAX 30: High 13,830 (Feb 20) – Low 7,971 (March 19) – Currently 11,747.

FTSE 100: High 7,690 (Jan 20) – Low 4,776 (March 230 – Currently 6,185.

The US and China have been at loggerheads for years, with President Trump accusing China of ongoing unfair trade practices, sparking a rift between the two countries. The US has also blamed China for the spread of the COVID-19 virus, straining relations further. These relations will be now be soured to a greater extent after China passed a new security law for Hong Kong, undermining the island’s authority. US Secretary of State Mike Pompeo, has already said that this ruling would mean that Hong Kong is ‘no longer autonomous from China’ and that the island’s special trade status under US law would be under scrutiny. This would damage Hong Kong’s position as a global financial hub and create serious economic implications for China.

While equity and other risk markets are currently content to dance to the noise of the central bank’s printing presses, recent economic data has laid bare the effects that the COVID-19 lockdown has had on economies around the globe. Equity valuations are becoming increasingly stretched and the likelihood of another market downturn cannot be discounted as tensions between the US and China increase. Any further economic sanctions between the two will weigh heavily on market sentiment and while current liquidity conditions may underpin equity markets at or around current levels, further upside is becoming increasingly difficult to justify.

How to Use IG Client Sentiment in Your Trading
How to Use IG Client Sentiment in Your Trading
Recommended by Nick Cawley
See How Retail Traders are Currently Positioned
Get My Guide

What is your view on Global Risk Markets – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

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