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
Please try again
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
  • Fed's Daly: - Inflation is unlikely to rise unnecessarily - Fed has not reached point in time where it would consider tapering
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 1.95% Gold: 1.76% Oil - US Crude: -0.15% View the performance of all markets via
  • FTSE gained some momentum in recent trade. Test of big resistance over 7000 is important. Get your #FTSE market update from @PaulRobinsonFX here:
  • Fed's Daly: - Both the inflation and wage expectations are out of reach - We remain far from both inflation and employment targets - Monetary policy is a blunt instrument; other instruments are needed to maintain financial stability
  • Fed's Logan: - LIBOR transformation has made substantial strides - Aim of loosening counterparty rules is to make it easier for small money market funds to enter the market
  • Australian #Dollar Outlook: $AUDUSD Rips into April- #Aussie Breakout Levels -
  • Fed's Logan: - Fed intends to loosen counterparty conditions for overnight reverse repo facility counterparties - Any changes to the makeup of treasury purchases would be modest and technical adjustments to match the outstanding debt
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.92%, while traders in France 40 are at opposite extremes with 78.08%. See the summary chart below and full details and charts on DailyFX:
  • Fed's Daly: - Frequency of Fed's market interventions is concerning - Fed market interventions are costly
  • Fed's Daly: - It is important to keep financial infrastructure secure and sound - The growth of financial tech is related to potential risks
Dow Jones, Nasdaq 100 and S&P 500 Jump as Fed Opens Door to Risk Rally

Dow Jones, Nasdaq 100 and S&P 500 Jump as Fed Opens Door to Risk Rally

Peter Hanks, Strategist

Dow Jones, Nasdaq 100, S&P 500 Price Outlook:

Dow Jones, Nasdaq 100 and S&P 500 Jump as Fed Opens Door to Risk Rally

The Dow Jones, Nasdaq 100 and S&P 500 surged following the March FOMC policy meeting as Fed officials and Chairman Powell reiterated their policy stance and rate hike expectations. The subsequent press conference allowed Chairman Powell to essentially double down on what was released in the initial report which further opened the floodgates to bullishness in equities. Aside from US equities, other risk assets like Bitcoin and the Australian Dollar surged as US Dollar weakness prevailed.

Dow Jones Price Outlook

The recent outperformer among US equities, the Dow Jones, may be positioned to charge higher still as the bullish fundamental backdrop has been reaffirmed and the index peers above a key trendline that had helped keep it contained. With uncertainty removed and technical barriers behind it, the Dow Jones enjoys an encouraging price outlook.

Dow Jones Price Chart: Daily Time Frame (January 2020 – March 2021)

dow jones price chart

Nasdaq 100 Price Outlook

The Nasdaq 100, which has lagged the Dow Jones and S&P 500 over the last few weeks, may also enjoy a continuation higher after a brief break beneath the March trendline. Recent price action saw the MACD line cross above the signal line on the daily chart even as bulls struggled to stave off losses. Crucially, the crossover took place beneath the 0 level while price traded above the 200-day exponential moving average. Thus, the boxes that might suggest gains are ahead have been checked and with event risk removed, the Nasdaq may now enjoy a bullish follow-through.

Nasdaq 100 Price Chart: Daily Time Frame (January 2020 – March 2021)

nasdaq 100 price chart
Equities Forecast
Equities Forecast
Recommended by Peter Hanks
Get Your Free Equities Forecast
Get My Guide

S&P 500 Price Outlook

The S&P 500 will likely follow the Dow Jones and Nasdaq 100 higher as it looks to break 4,000 for the first time in history. As with any market, trading to new highs can often result in sparse resistance that can see gains gather quickly meaning there might be upside to explore if the psychologically-significant 4,000 mark is broken.

S&P 500 Price Chart: 4 – Hour Time Frame (November 2020 – March 2021)

S&P 500 price chart

It would seem the Fed’s projected policy path and improving economic backdrop have opened the door to a continued rally in risk assets that could see the US indices wade deeper into record territory. In the meantime, follow @PeterHanksFX.

--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.