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
More View more
Real Time News
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
S&P 500 - Everybody Too Bearish Too Soon?

S&P 500 - Everybody Too Bearish Too Soon?

Kristian Kerr, Sr. Currency Strategist

Price & Time covers key technical themes daily and can be delivered to your inbox each morning by joining the distribution list: Price & Time

Talking Points

  • S&P 500 rebounds aggressively from last week’s low
  • 1955 area remains important upside pivot

S&P 500: Everybody Too Bearish Too Soon?

S&P 500 - Everybody Too Bearish Too Soon?

The lead story on the nightly news Friday was about equity market weakness. This combined with some of the dire news covers over the weekend, AAII bullish sentiment at its lowest level in over 10 years and a spike in searches for “sell stocks” on Google to a seven-year high and it wasn’t hard to imagine that US equity indices might try and rebound aggressively. We certainly seem to have gotten that with the S&P 500 looking to open well above 1900 this morning. The 1955 area looks to be the key level on the upside over the next few days as traction above there would alleviate some of the immediate downside pressure and potentially open the door to a more important move higher.

Looking for real-time forex market sentiment? Get it HERE

Even if the decline of the past few weeks is the start of a more important bear market, as so many suggest, it is not inconceivable to think that some aggressive rallies could materialize. Unlike bull markets which have a tendency to grind higher, bear markets usually unleash a so called “traders environment” that entails large swings in both directions. In 2008 and 2009, for instance, when US equities were in the midst of a bona fide bear market the indices were down around 10% on the year by MLK day and reversed more than 9% both times afterwards. I am not saying history will repeat, but it is a good warning on the pitfalls of getting too bearish at the start of the year.

My cyclical analysis suggests next week could prove important for a variety of markets including equities. Continued weakness under 1870 would have me looking for potentially important low, while a continuation of the current recovery would set up a possible secondary high of some kind.

Looking for real-time forex market sentiment? Get it HERE

--- Written by Kristian Kerr, Senior Currency Strategist for

To contact Kristian, e-mail Follow me on Twitter @KKerrFX

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