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
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • Scoping out next week for trading the market, there are a range of high profile influences including September PMIs, Evergrande and a range of central bank decisions. Top listing on my docket is the #FOMC with my scenarios below. Full analysis:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • All eyes on the Fed on Wednesday as investors weigh on chances of a taper announcement. Get your weekly equities forecast from @HathornSabin here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
S&P 500 and Dow Jones Charts Rolling Over, Could Be in For a Big Test

S&P 500 and Dow Jones Charts Rolling Over, Could Be in For a Big Test

Paul Robinson, Strategist

S&P 500/Dow Highlights:

  • S&P 500 has support just below, but break and a big test could be on its way
  • Dow Jones closes down for 8th consecutive day, has 200-day coming up

For longer-term trading ideas, forecasts, and a library of educational content, check out the DailyFX Trading Guides.

S&P 500 has support just below, but break and a big test could be on its way

Yesterday’s decline in the S&P 500 put it one step closer towards a very important test should it fail to hold above a pair of swing highs carved out last month around the 2742 mark. There is also trend-line support in the current vicinity depending on how you draw the line. In one instance it’s broken, but using a more conservative approach it has yet to break – we’ll give the final angle the benefit of the doubt to play it safe.

In any event, a break below the aforementioned May highs will have the trend-lines broken regardless of how one draws them. After a wobbly sequence of overlapping price action since the March low, a more sustainable down-move could soon come to roost.

This would have the very important February 2016 trend-line/200-day combination back in play once again. It’s held the market up on three prior occasions, but can it do it for a fourth time? A breakdown below this powerful bull-market threshold could spell big trouble for the market as the summer heats up.

A hold, though, right here can stave off those thoughts for another day and possibly etch out yet another higher low without having breached support levels. Things could start to get very interesting here, or perhaps price action simmers back down and we get a choppy summer trading environment.

Check out this guide for 4 ideas for Building Confidence in Trading

S&P 500 Daily Chart (Watch nearby support)

S&P 500 daily chart with support nearby and even bigger trend support below

Dow Jones closes down for 8th consecutive day, has 200-day coming up

The Dow posted its 8th consecutive down day yesterday, and according to Chief Strategist, John Kicklighter, that matches the longest streak since February 1984. The streak has the 200-day squarely in sight at 24254, which also matches up very closely to the low of the last pullback in late-May.

A bounce on first arrival seems likely, but should that be all it is proven to be, a seller’s bounce, a decline down into the mid-23000s would make for a very interesting big-picture test in conjunction with the S&P pressing down on its own major threshold.

Dow Daily Chart (200-day just below)

Dow Jones daily chart with 200-day MA just below

If you’d like to listen in on live technical analysis on global equity indices (and commodities), join me every Tuesday at 9 GMT time.

Resources for Forex & CFD 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.