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
More View more
Real Time News
  • Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road? Find out from @ddubrovskyFX here:
  • Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields
  • The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce? Find out from @ddubrovskyFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.65%, while traders in France 40 are at opposite extremes with 80.44%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.50% 🇦🇺AUD: 0.26% 🇬🇧GBP: 0.16% 🇨🇭CHF: 0.11% 🇪🇺EUR: 0.10% 🇨🇦CAD: -0.02% View the performance of all markets via
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.35% Germany 30: 0.04% US 500: 0.00% FTSE 100: -0.06% Wall Street: -0.08% View the performance of all markets via
  • British Pound Price Outlook: GBP/USD, GBP/JPY Poised to Extend Climb - $GBP $GBPUSD $GBPJPY
  • The US Dollar may extend gains against the Thai Baht. But, its price action within USD/SGD, USD/PHP and USD/IDR seem to be favoring more range-bound trading conditions. Get your market update from @ddubrovskyFX here:
  • Despite the rise in US inflation via CPI, the Dollar extended its slide. I'm dubious of the momentum there and the risk on response, but $USDJPY is well positioned for either outcome. Ahead, we have earnings, bank governors and the Senate discussing China
  • To be fair, crypto is broadly rising (Bitcoin, Etherium, Litecoin, etc), but Dogecoin is pacing the masses. Perhaps Cuban has finally taken the market influence title from Musk
DAX Jumps Hurdle, Heading Towards New Record

DAX Jumps Hurdle, Heading Towards New Record

Paul Robinson, Strategist

What’s inside:

  • DAX gaps above resistance and runs early
  • Barring a reversal, new highs soon; but there is a key line of resistance not far above in record territory
  • NFPs later today, sans a major deviation from expectations not likely to have a strong impact

Find out what’s driving global equity markets in our market forecasts.

On Wednesday, the sentiment we expressed regarding the DAX was one of patience, waiting for the range since mid-May to break – one way or another. The gap this morning came swiftly above recent resistance in the low 12700s; buying interest off the open was strong with about 70 points worth of gains added in the first twenty minutes.

General appetite for stocks is healthy.

Leading into the strong European showing this morning was Asia popping overnight, with the Nikkei tacking on 1.6% to finish out above the 20k psychological level and to its highest level since August 2015. Leading into that was a nice-sized rally in the U.S. yesterday, where the S&P 500 tacked on 76 bps of its own to close at yet another new record high.

As long as the DAX can hold onto most of its gains from here through the end of the session, or even better yet, add to them, then it stands to continue forging on to new highs. But if it does the market will be in for a quick test of an influential line with its origins dating back to February. There are several inflection points, and most recently it acted as support in May. So even if the DAX breaks to a new high above 12842 it will have to muscle through the top-side slope in order to gain further traction.

Heads up: Later today, the US jobs report is due out at 12:30 GMT. Non-farm payrolls are expected to print 180k for May, while the unemployment rate remains unchanged at 4.4%. Whether this report will be a market-mover will depend on how large of a deviation from expectations we see. Even then, as often times is the case with data releases, the brunt of impact is likely to be felt more in FX/rates/precious metals. In any case, traders need to be prepared. See the economic calendar for release details.

DAX: Daily

DAX Jumps Hurdle, Heading Towards New Record

Paul conducts webinars every week from Tuesday-Friday. See the Webinar Calendar for details, and the full line-up of all upcoming live events.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

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