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
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
  • Looking at the moves in the #DollarIndex and #gold in the days after US CPI this week, @tastytradeRyan, @victorJ0NES and I were on to something here... Bring on #FOMC!
  • Copper prices eye key support to resume downtrend - #HG1! chart
  • $USD to next resistance at 93.20 next levels up 93.43 and then the 2021 high at 93.73
  • USD/JPY extends the rebound from the weekly low (109.11) as the stronger-than-expected US Retail Sales report fuels speculation for an imminent shift in monetary policy. Get your market update from @DavidJSong here:
  • $ES from resistance to support now at the weekly low, testing a few different support elements here, also a 618 $SPX
  • The $SPX is going to keep it interesting for us through this final trading session. The 50-day SMA is under strain, its 'quad witching' today, evergreen uncertainty over weekend and FOMC on the threat radar
  • The S&P 500 and its counterparts are leaning into support as the end of the week nears. DailyFX's @JohnKicklighter discusses the possibility of a break before next week's FOMC and Evergrande deadline!
  • You're Not The Only One Bored Of 'New' Apple iPhones via @IBDinvestors
  • $USDCAD big test, right at the Sept. high
S&P 500, DAX 30, FTSE 100 Forecasts: Risk of Topping Out

S&P 500, DAX 30, FTSE 100 Forecasts: Risk of Topping Out

Justin McQueen, Strategist

S&P 500, DAX 30 & FTSE 100 Analysis and News

  • S&P 500 | Weakness Showing After Topside Rejection
  • DAX | Rally to Fade?
  • FTSE 100 | Risk of Pronounced Pullback

S&P 500 | Weakness Showing After Topside Rejection

Signs of weakness beginning to show for the S&P 500 after rejecting the key resistance zone at 2890-2900. Much of the upside in the index has been relatively light in volumes, suggesting that the recent gains have been somewhat corrective. That said, near-term support is situated at 2790-2800 with a break below raising the likelihood of a slide towards 2730. On the topside, above 2900 would put 2933 in focus.

S&P 500 Price Chart: Daily Time Frame

S&P500 Price Chart

Source: IG Charts

DAX | Rally to Fade?

In recent sessions, the DAX has continued to find support on dips to 10,200. As such, this would be the first hurdle for sellers to overcome and extend a move south of the 10,000 level where a close below the 23.6% fib could confirm a near-term top. That said, we would look for a retest provided resistance at the 50% Fibonacci retracement situated 10,900 holds. Failure to hold however, would likely put the 11200-400 gap in focus, which risk capping rallies in the index.

DAX 30 Price Chart: Daily Time Frame

DAX 30 price chart

Source: IG Charts

FTSE 100 | Risk of Pronounced Pullback

The FTSE 100 posted modest losses of over 1.2% for the week, which in turn has raised the risk of a more pronounced pullback from its corrective rally. As the FTSE 100 trades below the 38.2% Fibonacci retracement, focus on the downside is at 5510 with key support at 5350. Failure to hold would confirm a near term bearish set up with risks towards a move south of 5000.

FTSE 100 Price Chart: Daily Time Frame

FTSE 100 Price Chart

Source: IG Charts

How to Trade FTSE 100


Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

--- Written by Justin McQueen, Market Analyst

Follow Justin on Twitter @JMcQueenFX

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