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
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
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 0.88% Gold: 0.36% Oil - US Crude: -0.43% View the performance of all markets via
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.11% 🇯🇵JPY: 0.11% 🇨🇦CAD: 0.10% 🇪🇺EUR: 0.07% 🇦🇺AUD: 0.07% 🇬🇧GBP: -0.16% View the performance of all markets via
  • 🇫🇷 Unemployment Benefit Claims (MAY) Actual: -133.7K Previous: 65.9K
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.29% US 500: 0.11% FTSE 100: 0.03% Germany 30: -0.09% France 40: -0.14% View the performance of all markets via
  • Heads Up:🇫🇷 Unemployment Benefit Claims (MAY) due at 10:00 GMT (15min) Previous: 65.9K
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • 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:
  • 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:
  • 🇮🇹 Business Confidence (JUN) Actual: 114.8 Expected: 112 Previous: 110.9
  • 🇮🇹 Consumer Confidence (JUN) Actual: 115.1 Expected: 112 Previous: 110.6
S&P 500 Technical Outlook – Just Like That, Big Trend Support Test Upon Us

S&P 500 Technical Outlook – Just Like That, Big Trend Support Test Upon Us

Paul Robinson, Strategist

S&P 500 Technical Highlights:

  • Things have suddenly become critical
  • Big test of confluent trend support just ahead
  • 200-day + Feb 2016 trend-line = big threshold

With global stocks falling sharply, see how recent events fit into our outlook for the remainder of the year in the Q4 Global Equities Forecast.

Things have suddenly become critical for the S&P 500

Yesterday’s 3% swoon in the S&P 500 has the market on the verge of testing major long-term trend support. The powerful combination of the trend-line running up from the end of the 2015/16 correction and the 200-day MA are viewed as quite significant, and the market agrees.

Earlier in the year the confluent support was tested on three occasions after the top in January, holding each time. This forged the ‘line-in-the-sand’ even further. At the time of this writing the S&P will be gapping down into this critical area.

How the market responds will be very telling. As per usual we will give it the benefit of the doubt that it will hold, at least on this initial test. Watch for a wild turnabout to determine whether the market wants to try and mount a rally.

Should we see yet another day of heavy selling and a strong close below, then the expectation is that the market could be in for much larger losses in the days/weeks ahead. The Nasdaq 100 is well outside of the rising wedge we’ve been looking at, suggesting a breakdown is quite possible. See “Nasdaq 100, FAANG Charts and What They Could Mean for the Whole Market”.

Retail traders have been covering their shorts into the sell-off, see the IG Client Sentiment page for details as to what this may mean.

S&P 500 Daily Chart (Feb ’16 t-line, 200-day MA)

S&P 500 daily chart (feb '16 t-line, 200-day MA)

You can join me every Tuesday at 9 GMT for live analysis on equity indices and commodities, and for the remaining roster of live events, check out the webinar calendar.

Tools for Forex & CFD Traders

Whether you are a beginning or experienced trader, DailyFX has 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.