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
  • *Schedule Reminder: Weekly Strategy Webinar on Monday at 8:30am EST (12:30GMT) with DailyFX - Mid-Week Market Update on Wednesday at 9:30am EST (13:30GMT) with IG -
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • 8 out of 11 S&P 500 sectors ended higher, with 69.5% of the index’s constituents closing in the green. Financials (+0.61%) and information technology (+0.56%) outperformed, while healthcare (-0.73%) and real estate (-0.59%) trailed behind.
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • What is your forex trading style? Take the quiz and find out:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • 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:
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage 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:
FTSE 100 Remains Bullish Above 6209 Despite This Morning’s Panic

FTSE 100 Remains Bullish Above 6209 Despite This Morning’s Panic

Alejandro Zambrano, Market Analyst

Talking Points

  • FTSE 100 holds trend despite this morning’s panic and is bullish above 6209
  • I would expect the political implications of the downing of the jet to be small
  • Better growth ahead suggested by the German IFO Index
  • U.S. house data and consumer confidence on tap

The downing of a Russian warplane jet triggered a slide in the FTSE 100, but the index has recuperated some of its losses and is expected to trade higher as long as the November 17 low of 6209 holds as a support. The risk-reward ratio favors bullish positions at current levels and the FTSE may reach last week’s high of 6369 over the next few days. For now I would expect the political implications of the downing of the jet to be small as Russia and Europe/USA work together towards defeating IS.

However, if the FTSE 100 breaks the low of 6209, the FTSE may reach 6173 which is a 61.8% correction to the rally from 6050 to 6369. I don’t expect traders to short on the break and rather book losses on long positions. Currently the bar of short-selling in the market is high as the focus remains on the ECB, seasonality patterns, and growth which is expected to pick up over the coming months.

What are the most common trading mistakes? Get the Traits of Successful Traders Guide

Better Growth Ahead

An example of higher growth ahead is yesterday’s Eurozone Mfg. PMI and Services PMI prints. They increased from prior months and beat economists’ expectations by printing 52.8 from 52.3 and 54.6 from 54.1 respectively. Also positive was last week’s German ZEW expectations index which increased from low levels and today’s German IFO index which printed 109 vs. a Bloomberg News survey expecting an outcome of 108.2.

Softer data was U.S. Markit Mfg. PMI which declined to 52.6 from 54.1 and reached a two year low. On the other hand, the U.S. Markit Mfg. PMI was high in relation to the ISM Mfg. PMI, hence the decline is probably due to these indicators aligning with each other. Markit reports that the export orders sub index turned negative on a strong Dollar and global slowdown, while manufacturing payroll numbers were reported to have increased again in November.

German 3Q GDP Confirms Moderate Growth, Domestic Demand Key

Commodities To Keep on Limiting the FTSE 100

The biggest drag on the FTSE 100 remains commodities and yesterday the Bloomberg commodity index reached new lows. This trend is expected to continue as whilst supply for most commodities is exceeding demand, suppliers are willing to fight for market share by offering discounts, alongside the USD remaining strong.

Market moving data on tap in today’s session are U.S. house price data and U.S. consumer confidence. I don’t expect the outcome of these indicators to rock the markets or overall trends unless their outcomes are heavily skewed bullish or bearish.

FTSE 100 Remains Bullish Above 6209 Despite This Morning’s Panic

--- Written by Alejandro Zambrano, Market Analyst for

Contact and follow Alejandro on Twitter: @AlexFX00

Learn more about trading, join a London Seminar

To be added to Alejandro’s e-mail distribution list, please fill out this form

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