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
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
  • 🇯🇵 Tertiary Industry Index MoM (FEB) Actual: 0.3% Previous: -1.7%
  • (Special) Canadian Dollar Analysis, Will Momentum Continue? USD/CAD, GBP/CAD, CAD/JPY #CAD $USDCAD $GBPCAD $CADJPY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. 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: 🇦🇺AUD: 0.44% 🇳🇿NZD: 0.38% 🇨🇦CAD: 0.30% 🇨🇭CHF: 0.05% 🇯🇵JPY: 0.03% 🇬🇧GBP: 0.02% View the performance of all markets via
  • Heads Up:🇯🇵 Tertiary Industry Index MoM (FEB) due at 04:30 GMT (15min) Previous: -1.7%
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.20% US 500: 0.14% FTSE 100: -0.02% Germany 30: -0.04% France 40: -0.07% View the performance of all markets via
  • 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:
  • The Dollar took out the 50-day moving average to start the week and we are now slipping through the 100 DMA to start Tuesday trade. Watching $USDJPY, GBPUSD and earnings into Tuesday trade
  • Australian Dollar Price Outlook: AUD/USD, AUD/JPY, AUD/NZD, AUD/CHF - $AUD $AUDNZD $AUDUSD $AUDJPY
  • $AUDUSD, Australian govt. bond yields rising after #RBA minutes They mentioned a 1st step to tapering 'is likely to occur end of June' when TFF is likely to end They also said they may consider extending it amid deterioration in financial system, but signs are currently missing
S&P 500: Notches New Record High, Short-term Techs in Focus

S&P 500: Notches New Record High, Short-term Techs in Focus

Paul Robinson, Strategist

What’s inside:

  • The S&P 500 notches new record close, but…
  • Still has resistance to contend with
  • Wedging up between top and bottom-side trend-lines

Yesterday, the market moved higher by a modest amount, notching another record closing print in the S&P 500. It’s been tough sledding for the index, but it continues to press on and provide no solid indications for being a bear. Even as such, taking long entries hasn’t been the easiest of task – choppy summer trading conditions are making sure of that.

Despite the new high closing print, resistance in the 2186/89 vicinity has clarified itself as the market stalled around this area on several occasions. With the swing lower on Wednesday, we now have a trend-line off the 8/2 low, which helps provide some guidance. It’s pretty simple, hold on a dip or just even stay above and the trend remains higher. A dip below from right here won’t be an outright bearish indication, though, there is still support in the 2174/78 vicinity from the very tight late July/very early August range. It would require a break below both the trend-line and sustained trade below 2174 and the 2171 pivot created on Wednesday before we could entertain a firm bearish stance. A break below the bottom-side trend-line would be considered an outright short signal in our book if the following pattern fully matures...

Top-side resistance above the before mentioned zone (2186/89) comes in at the trend-line extending off the 7/14 swing high. With the top-side trend-line and recently established trend-line off the 8/2 low, we have the possibility of an ascending wedge should price continue to works its way between the two intersecting lines. If price wedges up nicely into the apex of the pattern, then the market could make a break for it with sustained force (in either direction). We will touch further on this development should it move from potential scenario to reality.

S&P 500: Notches New Record High, Short-term Techs in Focus

For now, continuing to keep it light and waiting to see how things play out with the current technical developments. Something with clarity should present itself fairly soon. It might be a quick-hitter, but if it has good risk/reward then it may be worth taking a crack at.

Square up your trading with the help of one of our many free trading guides, and if you haven’t already, check out, “Traits of Successful Traders”.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX.

You can email him at with questions or comments.

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