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
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.81%, while traders in NZD/USD are at opposite extremes with 75.00%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇲🇽 Economic Activity YoY (SEP) due at 12:00 GMT (15min) Expected: -6.6% Previous: -9.4%
  • Heads Up:🇲🇽 GDP Growth Rate YoY Final (Q3) due at 12:00 GMT (15min) Expected: -8.6% Previous: -18.7%
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Gold: 0.33% Silver: 0.24% Oil - US Crude: -0.95% View the performance of all markets via
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.19% 🇨🇦CAD: 0.01% 🇨🇭CHF: 0.01% 🇳🇿NZD: -0.01% 🇪🇺EUR: -0.06% 🇬🇧GBP: -0.23% View the performance of all markets via
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: US 500: 0.03% Wall Street: 0.02% Germany 30: -0.15% France 40: -0.21% FTSE 100: -0.46% View the performance of all markets via
  • Hungary PM Orban's Chief of Staff says we will veto EU Budgets as we have not received any new proposals $EUR
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Irish Foreign Minister says outstanding issues are proving very very difficult
  • Irish Foreign Minister says EU-UK negotiations are very difficult at the moment but we are hopeful of a positive outcome
DAX Technical Outlook: Looking to Find its Footing Ahead of ECB

DAX Technical Outlook: Looking to Find its Footing Ahead of ECB

2018-03-07 08:58:00
Paul Robinson, Strategist

DAX Technical Highlights:

  • Strong back-and-forth gap reversals first two days of the week
  • Market may have found a low for now if Monday’s gap-reversal holds
  • Tactical considerations outlined; event risk tomorrow via ECB meeting

To see our analysts’ Top Trading Opportunities for 2018, check out the DailyFX Trading Guides page.

Monday gap-reversal may have marked near-term low

On Monday, the DAX gapped just below the support zone of 11935/868, but quickly found a large number of buyers to keep it buoyed. The gap-and-reverse held enough power to think perhaps a short-term wash-out may have occurred.

A major factor which may prove helpful for global stocks. The world’s largest stock market, the U.S., may be amidst a stabilization process as it works its way back higher (although today this notion might be put to the test on last night’s White House news, S&P 500 futures currently -25).

A jab lower and successful test of Monday’s powerful gap could offer aggressive would-be longs a chance to jump on a retest-style entry. On a break below 11831, though, another round of selling is to be expected.

For those looking to short a rally, the first level of resistance comes in at a trend-line coming down off the record high running over top the bear-flag prior to last week’s swoon. A turn down from there or on a bit more strength a turn in momentum prior to reaching 12601 (carving out a lower-high) could offer good risk/reward entries.

DAX Daily Chart

dax daily price chart

ECB on Thursday

Event risk this week comes by way of tomorrow's ECB meeting, which may bring a bout of volatility on signaling over concerns of euro strength. If the single-currency is impacted with force look for similarly forceful price action out of Euro-zone indices. You can join analyst, Martin Essex, for live coverage of the ECB announcement tomorrow at 12:30 GMT time.

Forex & CFD Trader Resources

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 Paul Robinson, Market Analyst

To receive Paul’s analysis directly via email, please SIGN UP HERE

You can follow Paul on Twitter at @PaulRobinsonFX

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