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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • 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:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • (Weekly Outlook) Australian Dollar Outlook: AUD/USD Divergence With Wall Street Risks Continuing #AUD $AUDUSD #Fed #Stocks
  • The US Dollar steadied against most ASEAN currencies this past week. Key support levels remain in play looking at USD/SGD, USD/THB and USD/PHP. USD/IDR may rise with a new trendline. Get your market update from @ddubrovskyFX here:
  • EUR/USD has been looking toppy since late May as bearish technical signals played out. But, rising Euro short bets from retail traders hint that the currency may hold its footing. Get your market update from @ddubrovskyFX here:
  • The Japanese Yen may rise as retail investors increase their long exposure in pairs like USD/JPY and EUR/JPY. Will these pairs turn lower? What are key levels to watch for? Find out from @ddubrovskyFX here:
Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes

Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes

Peter Hanks, Strategist

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

Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes

The Dow Jones and S&P 500 jumped to record levels Friday as traders reassessed the monetary policy landscape following a rather significant miss on non-farm payroll data. While lower than expected employment data is typically bearish for equities and risk assets, price action suggests the market has moved into “bad news is good news” territory. In such an environment, underwhelming data can lead to equity price gains as traders come to expect looser monetary policy or further fiscal assistance.

Dow Jones Price Chart: 1 – Minute Time Frame (May 7, 2021)

dow jones price chart

To that end, Friday’s NFP report hints at a slower than expected recovery from covid which could lead to further stimulus or looser monetary policy for longer. Aside from the Dow Jones and S&P 500, the employment report also sparked volatility in US Treasury yields, the US Dollar and gold among other markets.

Gold Price Chart: 4 – Hour Time Frame (December 2020 – May 2021)

gold price char

Initial price action and the subsequent fundamental takeaways could also impact the ongoing reflation trade as falling Treasury yields and a slower recovery could help backstop the technology stocks of the Nasdaq 100. 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.