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
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.18% Oil - US Crude: -0.17% Silver: -1.85% View the performance of all markets via
  • ECB's De Cos: - Uncertainty remains high in Euro area - Asset purchasing should remain flexible after the pandemic
  • ECB's De Cos: - PEPP should continue as long as the pandemic weighs on the economy - New policy guidance is the first sign of the ECB's willingness to intervene
  • UK PM Boris Johnson set to allow fully vaccinated US and EU tourists to visit England - BBG $GBP $EUR $USD
  • Trader confidence is still brittle, but not quite as poor as it was last week, as the markets wait for Wednesday’s Federal Reserve decision on US monetary policy and a deluge of US corporate earnings. Get your market update from @MartinSEssex here:
  • US #Dollar Outlook: $DXY Plunges into Technical Support Ahead of #FOMC -
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.69%, while traders in Wall Street are at opposite extremes with 71.94%. See the summary chart below and full details and charts on DailyFX:
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: France 40: -0.19% Germany 30: -0.26% FTSE 100: -0.33% Wall Street: -0.67% US 500: -1.07% View the performance of all markets via
  • RT @RiskReversal: A feisty @macrosetup this week with @GuyAdami and our guest, @DailyFX's @CVecchioFX who was dropping puns like he was the…
  • GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Jun 16, 2021 when GBP/USD traded near 1.40. A contrarian view of crowd sentiment points to GBP/USD strength.
S&P 500/Dow - Tech Update Ahead of Holiday

S&P 500/Dow - Tech Update Ahead of Holiday

Paul Robinson, Strategist

What’s inside:

  • Resistance just in front for both S&P 500 & Dow
  • Upcoming holiday puts capital preservation first on our minds

Yesterday - Another day, another gain for the market. We have entered the slow grind up phase of the rise which can be one of the most difficult to trade. It’s been a relentless rise the past few days, with the Dow making yesterday its seventh consecutive day of gains. It’s now running aground into a key trend-line off the May 2015 peak, which should make for an interesting spot for sellers if it is to pull back soon. It would be more ideal if the broader S&P 500 was pushing the same respective trend-line off the record highs, but for now it is up against a trend-line of lesser significance. This we went over yesterday.

It’s been a rocket of a rally off the 2/11 retest low. As my colleague, Kristian Kerr, pointed out yesterday, there are similarities between what we saw during the autumn rebound and the one which has unfolded in the past 5+ weeks. With those trend-lines in mind and critical resistance zones lying just beyond those lines, the timing is indeed becoming interesting. The easy part of the rise is definitely in the rear-view mirror.

S&P 500 Daily

S&P 500/Dow - Tech Update Ahead of Holiday

Dow Daily

S&P 500/Dow - Tech Update Ahead of Holiday

It is a holiday shortened week with the US markets closed on Good Friday, while Europe is closed both Friday and the Monday following Easter Sunday. Given the lack of economic catalyst on the docket and vacation-week trading environment it is hard to imagine we will see aggressive selling develop between now and the weekend. It seems likely the market will remain buoyed into early next week at the least.

We are taking it slow this week, with preservation of capital on our minds. It doesn’t mean opportunity for the short-term trader won’t necessarily show its face, it just means limiting risk and perhaps doing a little self-reflection on recent events and your own trading as we head through and past the holiday may be the most prudent way to conduct ourselves.

Sharpen your skills, check out this guide and see what separates profitable traders from the rest.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter @PaulRobinsonFX, or email him directly at

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