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
  • 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:
  • 🇳🇱 GDP Growth Rate QoQ Final (Q2) Actual: 3.8% Expected: 3.1% Previous: -0.8%
  • 🇳🇱 GDP Growth Rate YoY Final (Q2) Actual: 10.4% Expected: 9.7% Previous: -2.4%
  • What is your forex trading style? Take the quiz and find out:
  • Heads Up:🇳🇱 GDP Growth Rate QoQ Final (Q2) due at 04:30 GMT (15min) Expected: 3.1% Previous: -0.8%
  • Heads Up:🇳🇱 GDP Growth Rate YoY Final (Q2) due at 04:30 GMT (15min) Expected: 9.7% Previous: -2.4%
  • Heads Up:🇹🇭 Balance of Trade (AUG) due at 03:30 GMT (15min) Expected: $0.97B Previous: $0.18B
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Evergrande shares jump as much as 32%, with over 240 million shares traded -BBG
DAX Looking to Close Week in Record Territory, CAC Looking Strong Too

DAX Looking to Close Week in Record Territory, CAC Looking Strong Too

Paul Robinson, Strategist

DAX/CAC Technical Highlights:

  • DAX looking to close the week in record territory
  • CAC not in record territory, but looking strong

DAX in record territory as weekend nears

The DAX continues to push on higher as the old record high at 13795 gave-way earlier this week to a fresh record. The past couple of days have brought only modest strength on top of the breakout, but if we see a weekly close at a new high it could usher in some more buying the days/weeks ahead.

It is difficult to say with any real accuracy how high a market could go once in record territory, but the most prudent move here may be to continue to give the upside the benefit of the doubt until there is pervasive price action.

With that said, though, traders will want to be careful not to chase up-move as small corrections can still develop even if the DAX is headed much higher. Buying dips and consolidations may offer good risk/reward set-ups.

DAX Daily Chart (fresh record high breakout)

DAX daily chart

DAX Chart by TradingView

The CAC isn’t in record territory but it is tracking higher closely with the DAX. The breakout from the recent congestion may finally have the French index up to where it can fill the coronavirus-induced gap-down in February. The gap runs from 5875 up to 6030 where it will be filled.

CAC Daily Chart (corona-gap ahead)

CAC daily chart

CAC 40 Chart by TradingView

Resources for Forex Traders

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

You can follow Paul on Twitter at @PaulRobinsonFX

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