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
More View more
Real Time News
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • What is your forex trading style? Take the quiz and find out:
  • RBNZ's Hawkesby talking "considered steps" when setting monetary policy, leaning towards 25bps - With money markets pricing in 31bps worth of tightening at the October meeting. Room for disappointment.
  • Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at 1738/47- looking for a pivot here with the Fed interest rate decision on tap. Get your $XAUUSD market update from @MBForex here:
  • RBNZ: - We have benefitted from a robust rebound in China, our main trading partner - The interruption to the economy's supply side has lasted longer than expected
  • RBNZ: - Vaccination program has aided a stronger-than-expected rebound in the global economy - Demand for our exports has fared better than previous recessions
  • Between the volatile risk trend picture at the moment along with the Fed rate decision and expected 100bp hike from the Brazilian central bank both on Wednesday, $USDBRL is going to be a very interesting pair to watch...
  • RT @EricBalchunas: $SPY traded more than the Top 5 stocks combined. Just when you think $SPY is fading away like an aging legend you realiz…
  • Bitcoin sharply lower on the day, but well off session lows around $42,500 $BTCUSD #Bitcoin
  • You know what index didn't suffer an overtly threatening reversal this past session? The Russell 2000. It didn't continue the same steady climb through 2021 that the Dow, SPX and Nasdaq enjoyed; so not as much excess premium
Dow Jones Forecast for the Week Ahead

Dow Jones Forecast for the Week Ahead

Peter Hanks, Strategist

Dow Jones Price Outlook:


Dow Jones Forecast for the Week Ahead

The Dow Jones trades just narrowly beneath record levels after capping off an incredible November that saw the index surge. While a sectoral rotation trade helped propel the DJIA beyond that of the Nasdaq 100 and S&P 500 for the month, recent hopes of further covid-related stimulus have kept the Industrial Average afloat. As a result, the three indices, and the Dow in particular, rode into December on an overwhelming wave of bullish sentiment and momentum.

Dow Jones Price Chart: 4 - Hour Time Frame (September – December 2020)

dow jones price chart

While recent consolidation might hint at waning momentum, the series of higher-lows and higher-highs is an encouraging sign for the Dow in the weeks ahead. Since seasonal trends and a lack of fundamental catalysts might seen volatility and price action slow, however, the current landscape of the DJIA may lend itself to range trading strategies as it awaits further fuel to push higher over the longer-term.

Top 8 Forex Trading Strategies and their Pros and Cons – Range Trading Included!

To that end, the Dow has carved out an ascending channel marked by various swing-highs and lows throughout November. This formation might look to keep the DJIA contained barring a concrete change in the fundamental landscape, meaning resistance around the 30,220 level will be an early barrier for the index.

In terms of support, initial buoyancy might be found at the Fibonacci level around the 29,560 level followed by 29,200 and 28,865. While 29,560 and 29,200 rest within the trading range, a test of 28,865 would mark an exit from the pattern and could open the door to further losses – meaning 28,865 could be the line in the sand in the shorter-term.

Either way, IG client sentiment data reveals retail traders remain net-short the Dow Jones Industrial Average although the ratio is dropping. The number of traders net-long is 20.90% lower than yesterday and 3.31% higher from last week, while the number of traders net-short is 21.43% higher than yesterday and 18.09% lower from last week. Since we typically take a contrarian view to crowd sentiment, this data might suggest the Dow is tilted higher.

--Written by Peter Hanks, Strategist for

Contact and follow Peter on Twitter @PeterHanksFXt

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