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
  • We are days away from the US Presidential election and the markets are caught in the vortex. A contested outcome would raise serious volatility for the markets whereas a decisive outcome seems to support bullish $SPX and Dollar views from the market rank.
  • The future implications of the #Elections2020 may influence $AUDUSD following the #RBA and #Fed rate decisions as Congress struggles to pass another round of fiscal stimulus. Get your #currencies update from @DavidJSong here:
  • Gold prices declined in the aftermath of bearish technical cues, but a key zone of support was reinforced. $XAUUSD volatility risk is elevated ahead of the #Elections2020. Get your #metals update from @ddubrovskyFX here:
  • USD awakens, placing GBP/USD on the backfoot, while EUR/GBP cracks 0.90. Get your #currencies update from @JMcQueenFX here:
  • What are some factors impacting Euro’s forecast this quarter? Get your free forecast here:
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here:
  • The British Pound, Australian Dollar and US Dollar may all experienced heightened periods of volatility as geopolitical risks in North America, Asia and Europe rattle global financial markets. Get your $GBPUSD market update from @ZabelinDimitri here:
  • The New Zealand Dollar may continue to outperform the haven-associated US Dollar as price breaks above key long-term resistance. Get your $NZDUSD market update from @DanielGMoss here:
  • #Gold prices declined following bearish technical cues, but a key zone of support was reinforced over the past 48 hours. #XAUUSD volatility risk is elevated ahead of the #USElection -
S&P 500 Forecast: Stellar Tech Earnings Could Supercharge Risk Appetite

S&P 500 Forecast: Stellar Tech Earnings Could Supercharge Risk Appetite

2020-07-30 21:05:00
Peter Hanks, Analyst

S&P 500 Price Outlook:

  • Earnings from Apple, Amazon, Google and Facebook collectively blew past analyst estimates
  • Together, the stocks account for nearly 35% of the Nasdaq 100 and are crucial for risk appetite
  • The reports could spark broader demand for US indices after looming event risk saw price action in the S&P 500 coil in anticipation

S&P 500 Forecast: Stellar Tech Earnings Could Supercharge Risk Appetite

Traders and investors will have a lot to digest as the weekend approaches after an incredible string of corporate reports from Apple,Amazon,Facebook and Google. Together, the stocks account for almost 35% of the Nasdaq 100 and could supercharge risk appetite in the days ahead as they have been trailblazers in the covid recovery-rally.

Elevated Expectations Outmatched

Across the board, each company impressed on both top and bottom lines, displaying a remarkable ability to leverage their respective platforms to profit in the unusual economic times. That said, investor expectations surrounding each of the mega-cap corporations were heightened beforehand – a theme discussed in our earnings preview. Therefore, the subsequent jump in share price for each stock is arguably more impressive than the results themselves.

Traits of Successful Traders
Traits of Successful Traders
Recommended by Peter Hanks
Traits of Successful Traders
Get My Guide

Either way, big tech seems to have delivered a perfect symphony of quarterly results, forward guidance and share price reaction to curate a material improvement in market sentiment – just as the S&P 500 was displaying signs of indecisiveness. In turn, risk appetite may flourish as the FANGMAN group looks retake the reigns as the leaders in speculative interest.

A Brief History of Major Financial Bubbles, Crises and Flash-Crashes

While their impact may be observed most easily in the Nasdaq’s performance, the reports could have knock-on effects for the S&P 500 and Dow Jones, as well as other risk-sensitive assets like the Australian Dollar and crude oil, even after a concerning US GDP print. To that end, a failed follow-through for each of the stocks could complicate a broader risk-on rally which could then be considered an ominous sign in and of itself.

S&P 500 Price Chart: 4 – Hour Time Frame (February 2020 – July 2020)

S&P 500 price chart

Nevertheless, it could be said the arrival of the major tech earnings marks the peak of the season for traders with broader macroeconomic considerations. Still, the deluge of corporate reports will continue next week as hundreds more companies are set to release results.

Equities Forecast
Equities Forecast
Recommended by Peter Hanks
Get Your Free Equities Forecast
Get My Guide

While the largest players have passed, these reports should continue to inject volatility into the market, but it may take a much larger or unexpected shock to shake the resolve of the major players after Thursday’s victory. In the meantime, follow @PeterHanksFX on Twitter for earnings updates and analysis as they arrive.

--Written by Peter Hanks, Strategist for

Contact and follow Peter on Twitter @PeterHanksFX

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