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
  • Heads Up:🇯🇵 BoJ Quarterly Outlook Report due at 03:00 GMT (15min)
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Expected: -0.1% Previous: -0.1%
  • US crude is down another 2.2 percent in early Asia trade. We are on pace to break below the 20-day moving average (and 20-day support) for the first time in 43 trading days. There those the default risk appetite run...
  • Futures have their own set of characteristics and appeal to different types of traders and investors for a variety of reasons. Get your free trading guide and learn to trade the markets with futures here. Download your guide today!
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.20% Silver: 0.08% Oil - US Crude: -2.11% View the performance of all markets via
  • The 2022 forecast for Fed Fund futures has surged to its highest on record (fully pricing in two 25bp rate hikes) and you can see it in the 2-10 Treasury yield spread this past session:
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.20% 🇨🇭CHF: 0.06% 🇪🇺EUR: 0.05% 🇬🇧GBP: -0.02% 🇨🇦CAD: -0.06% 🇦🇺AUD: -0.19% View the performance of all markets via
  • Wow, Australian 2-year yield jumps to highest since March 2020 in incredible surge (+62%) as #RBA withholds from defending the 2024 yield target today? (3Y up too) This is raising speculation the CB could be rethinking YCC Australian Dollar could not be bothered #AUD $AUDUSD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.56%, while traders in AUD/JPY are at opposite extremes with 74.09%. See the summary chart below and full details and charts on DailyFX:
  • The US Dollar might be stabilizing against ASEAN currencies as inflationary woes resurface ahead of GDP and PCE data. Amazon, Apple and Facebook earnings may also drive sentiment ahead. Get your market update from @ddubrovskyFX here:
DAX 30 & CAC 40 Price Forecast Tied to Nearby Fibonacci Levels

DAX 30 & CAC 40 Price Forecast Tied to Nearby Fibonacci Levels

Peter Hanks, Strategist

DAX 30 & CAC 40 Forecast:

DAX 30 & CAC 40 Price Forecast Tied to Nearby Fibonacci Levels

Recent swings in risk trends have seen the DAX 30 and CAC 40 follow suit as the two indices fluctuate between their respective levels of support and resistance. Coincidentally, both indices appear to derive some degree of influence from the Fibonacci sequence drawn from the peak and trough of the coronavirus crash. While the CAC 40 lags the DAX 30, both are in the midst of a recovery that has been contained in recent weeks and, as a result, price action has begun to display range-bound characteristics.

DAX 30 Technical Outlook

In the case of the DAX 30, resistance in question resides at the nearby Fibonacci level around 12,448. After failing to contain price in early June, the recent retracement has afforded the technical barrier a second chance and price action in the last few days suggests the level still possesses some ability to keep price under wraps. Whether the recent pullback was an opportunity for consolidation or the beginning of further volatility is yet to be seen, a modest uptick in volatility on Thursday may hint at further instability to come.

DAX 30 Price Chart: 4 – Hour Time Frame (February 2020 – June 2020)

DAX 30 price chart

Either way, the DAX will have to clear 12,448 before it can attack the June peak near 12,935 which marks the next major area of interest. In terms of support, the German equity index will likely look to 11,592 – as it has in the past – for assistance. If risk aversion reemerges before the DAX can break above 12,448, it might suggest the index has slipped into a new range, similar to the one it was locked in during early April to mid-May. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis.

CAC 40 Technical Outlook

The CAC 40 runs the risk of a similar fate as it bounces between resistance around 5,130 and 5,210 to support near 4,670 despite falling behind the DAX 30 in its recovery. Regardless, it seems investor sentiment will be the driving force behind the index for the days to come as tangible developments – whether bullish or bearish – have failed to have a notable impact. Thus, range trading opportunities may arise on the CAC 40 between the two areas outlined above which could offer traders with an attractive risk-reward profile.

CAC 40 Price Chart: 4 – Hour Time Frame (February 2020 – June 2020)

CAC 40 price chart

--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.