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
  • Do you know the difference between investing and trading? Because while the goal might seem the same, they're very different things . Learn more here.
  • The Canadian Dollar remains supported amid elevated crude oil prices. Don’t be surprised if the Bank of Canada disappoints aggressive hawkish expectations. Earnings season is a wildcard. Get your weekly Loonie forecast from @ddubrovskyFX here:
  • Rather than focusing on earning a specific number of pips per day, traders need to focus on what can be controlled. In trading terms this relates to following a strategy perfectly, with no emotion or hesitation. Learn more here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here:
  • The European Central Bank will consider it a job well done if there is no movement in EUR/USD or the Euro crosses before, during or after Thursday’s policy announcements by its Governing Council. Get your weekly Euro forecast from @MartinSEssex here:
  • Further your forex knowledge and gain insights from our expert analysts @ddubrovskyFX and @FxWestwater on JPY with our free Q4 market analysis guide, available for free today.
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency:
  • 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:
  • Further your forex knowledge and gain insights from our expert analyst @ @MartinSEssex and @DColman on EUR with our free Q4 market analysis guide, available for free today. #Dailyfxguides
Nasdaq 100 Outlook Steadied as Microsoft Beats Earnings Expectations

Nasdaq 100 Outlook Steadied as Microsoft Beats Earnings Expectations

Peter Hanks, Strategist

Nasdaq 100 Price Forecast:

Nasdaq 100 Outlook Steadied as Microsoft Beats Earnings Expectations

Microsoft announced their quarterly results after Tuesday’s close, revealing yet another impressive quarter. The company beat on both revenue and earnings per share expectations, fueled by cloud and video game sales. Ad sales, however, continue to serve as a soft spot for Microsoft and companies pull back advertising budgets amid the pandemic. Still, Microsoft shares enjoyed a modest gain after the market close.

Microsoft Stock Price After-Hours

microsoft stock price after earnings

Source: Marketwatch

Beyond Microsoft shareholders, the report is an encouraging building block for the broader Nasdaq 100 and other tech giants, as it could help create some price stability headed into the rest of the week. After an abysmal report from German software giant SAP on Monday, the expectations around big-tech companies were undoubtedly a little shaky.


From an option holder’s perspective, the report leaves a lot to be desired as the actual post-earnings price move read in at just 0.3% compared to an implied move of more than 4%. As previously noted, the looming election could contribute to a lack of follow-through from earnings reports as traders hold their breath ahead of November 3. Consequently, option-selling strategies that lend themselves to periods heightened implied volatility could prove appropriate for the current environment.

Over the longer-term, the report may serve a positive development for Microsoft and its shareholders as the core business looks to be in good health. While arguments can be made against the sustainability of current some stock valuations, it seems MSFT delivered what is required of the biggest tech names and that should serve the Nasdaq well going forward.

Nasdaq 100 Price Chart: 1 - Hour Time Frame (September 2020 – October 2020)

nasdaq 100 price chart

To that end, the Nasdaq may continue to negotiate the 11,600 level which has shown an ability to serve as both support and resistance in recent days. Either way, the looming event risk of the election might make it difficult to establish a clear-cut trend. If price does begin to distance itself from 11,600, initial resistance might reside around the 11,782 mark with potential support near 11,360. 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.