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
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
  • US Dollar Price Action Setups Pre-FOMC: EUR/USD, GBP/USD, USD/CAD
  • The US Dollar is pushing up to a fresh September high after the release of University of Michigan Consumer Sentiment data. Get your $USD market update from @JStanleyFX here:
  • I have this $SPX chart taking over one of my whole screens, and I just keep staring at that 50-day moving average...
  • RT @TheStalwart: Nice chart, which shows why countries in green on the perimeter, like Iran, Peru, and Turkey are known for their stability…
  • Selling pressure strengthening in Wall Street two hours before the close. S&P 500 down roughly 1% intraday, the largest decline since August 18th #trading $SPX $SPY
  • One of the strongest correlation with Bitcoin at the moment is the US 10-Year Treasury yield
  • Aside from the rising uncertainty in China over Evergrande default risks, two central bank decisions will dominate the market theme next week. Get your market update from @JMcQueenFX here:
  • RT @BrendanFaganFx: 79 counterparties take $1.218 trillion at Fed's fixed-rate reverse repo $USD $DXY
  • While the #AUDUSD downtrend seems to have tentatively resumed already, the reasons for it to continue that are described here still look valid
  • Looking at the moves in the #DollarIndex and #gold in the days after US CPI this week, @tastytradeRyan, @victorJ0NES and I were on to something here... Bring on #FOMC!
DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

Peter Hanks, Strategist

DAX 30, FTSE 100, CAC 40 Price Outlook:

  • The DAX 30 trades narrowly beneath prior highs, an encouraging sign for the medium-term outlook
  • By comparison, the FTSE 100 is in the midst of a downward channel, running the risk of further losses
  • The CAC 40 remains trapped within a horizontal range but nears topside resistance

DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

European indices have been on a rollercoaster ride in the last few weeks as they experience whiplash trying to keep up with the leading Nasdaq 100 technology stocks. At the forefront of risk appetite, these stocks have shown they can set the tone for equity performance globally and, as a result, abrupt losses in the FANGMAN group can undermine the DAX 30, FTSE 100 and CAC 40. Further still, the European indices lack comparable exposure to technology, so their gains – when established – often lag that of the US indices.

DAX 30 Price Chart: 4 - Hour Time Frame (June 2020 - September 2020)

dax price chart

Nevertheless, the outlook for the DAX 30 is an encouraging one. A methodical churn higher since June has seen the DAX post a series of higher-highs and a recent peak in early September could hint another leg higher is in the cards. With that in mind, the technical landscape for the DAX 30 remains constructive, barring a break beneath the ascending trendline from mid-June which might require a reevaluation.

FTSE 100 Forecast

In the case of the FTSE 100, price action has been less friendly. Prolonged Brexit uncertainty has seen the equity index lag its European counterparts and a descending channel has been created in the wake of political gridlock. Consequently, the FTSE 100 stands on precarious footing as weeks of gradual losses have hampered any attempt at a bullish break out. Without a firm resolution to the Brexit debacle, a continuation lower is a growing threat.

FTSE 100 Price Chart: 4 – Hour Time Frame (May 2020 – September 2020)

FTSE 100 price chart

CAC 40 Forecast

In a spurious alignment with geography, the French CAC 40 index stands somewhere in the middle of the DAX 30 and FTSE 100. While CAC 40 gains have trailed that of the German index and losses have been less severe than the United Kingdom’s equity index, the goldilocks scenario has culminated in a positively indecisive price chart. Such indecision can be readily observed in the lack of progress over the last three months and the firm upper and lower horizontal boundaries that ensnare the CAC 40.

CAC 40 Price Chart: 4 – Hour Time Frame (May 2020 – September 2020)

cac 40 price chart

Suffice it to say, it seems the French equity index stands stuck in mud which could provide opportunity for range trading techniques. On the other hand, traders in search of a break out trade will likely have to wait sometime longer, although a trip to the topside of the range could make bullish breaks more likely. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis.

--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.