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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Mixed
Low
High
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
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
Low
High
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
USD/JPY
Bearish
Low
High
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
  • Build you crude oil strategy with some basic key insights. Hone your trading skills here: https://t.co/ekflhEeXRX https://t.co/Di8WONhbPh
  • China March exports growth missed expectations: - Export rise 30.6% in USD terms vs, 38.0% estimate - Import rise 38.1% in USD terms vs. 24.4% estimate - Trade balance at $13.8 billion vs. 52.0 billion estimate
  • 🇨🇳 Balance of Trade (MAR) Actual: $13.8B Expected: $52.05B Previous: $103.25B https://www.dailyfx.com/economic-calendar#2021-04-13
  • Singapore stock market saw 5 consecutive weeks of net institutional outflow, with S$82.9 million fleeing last week. SingTel, OCBC and DBS were to top of fund managers' selling list. https://t.co/1h13GjlCZV
  • Bank of Japan's Kuroda says a bit more could have been done by the government on structural reforms - BBG
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/WKBDqj8W0a
  • Heads Up:🇨🇳 Balance of Trade (MAR) due at 03:00 GMT (15min) Expected: $52.05B Previous: $103.25B https://www.dailyfx.com/economic-calendar#2021-04-13
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.38% Oil - US Crude: 0.18% Gold: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Rh2ATYRz6A
  • #Bitcoin Price Forecast: #Coinbase IPO May Fuel BTC's Push to Record Highs - https://www.dailyfx.com/forex/market_alert/2021/04/13/Bitcoin-Price-Forecast-Coinbase-IPO-May-Fuel-BTCs-Push-to-Record-Highs.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $BTC #CoinbaseIPO https://t.co/3iRPfZsswt
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: -0.03% 🇪🇺EUR: -0.09% 🇨🇦CAD: -0.09% 🇨🇭CHF: -0.17% 🇯🇵JPY: -0.18% 🇳🇿NZD: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/89nLQYaP9j
S&P 500, Nasdaq 100 Outlook: Rebalancing Flows May Boost Downside Risks

S&P 500, Nasdaq 100 Outlook: Rebalancing Flows May Boost Downside Risks

Justin McQueen, Analyst

S&P 500, Nasdaq 100 Price Analysis & News

  • S&P 500 | Momentum Weakens as Lockdown Risks Rise
  • Nasdaq 100 | Bearish Divergence Holds

S&P 500 | Momentum Weakens as Lockdown Risks Rise

The S&P 500 trading below its 200DMA had been brief, after the index found support from the 50DMA. That said, momentum signals continue to weaken, despite yesterday’s bounce back, which in turn could see gains limited and capped below 3110, which marks the 76.4% Fibonacci retracement. Market participants will continue to monitor the virus case count, particularly in the southern states of America, which have had to halt plans of reopening and thus see lockdown risks resurface. Elsewhere, eyes will also be on month/quarter-end rebalancing shifts, whereby Citi has signalled a strong rotation from European and Japanese equities into fixed income.

US 500 Mixed
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 7% 4% 5%
Weekly 8% 8% 8%
Learn how to use Sentiment in your trading strategy
Get My Guide

S&P 500 Price Chart: Daily Time Frame

S&P 500, Nasdaq 100 Outlook: Rebalancing Flows May Boost Downside Risks

Source: IG

Nasdaq 100 | Bearish Divergence Holds

Since the pullback from its record high, the Nasdaq 100 has remained under pressure, particularly as the bearish RSI divergence holds. Given the aforementioned concerns of lockdown risks resurfacing on a state-wide basis, risks appear to be skewed to further weakness. As such, bears look for a retest of the pre-COVID record high sitting at 9750, which also marks yesterday’s low. That said, the broad uptrend remains intact for the Nasdaq 100 as central banks keep financial conditions loose. With this in mind, investors will be placing a close eye on Fed officials, most notably Powell and Brainard, in which the latter may elaborate further on Yield Curve Control (YCC).

Trading Forex News: The Strategy
Trading Forex News: The Strategy
Recommended by Justin McQueen
Trading Forex News: The Strategy
Get My Guide

Nasdaq 100 Price Chart: Daily Time Frame

S&P 500, Nasdaq 100 Outlook: Rebalancing Flows May Boost Downside Risks

Source: IG

--- Written by Justin McQueen, Market Analyst

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES