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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
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
Oil - US Crude
Bearish
Wall Street
Mixed
Low
High
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
Gold
Mixed
GBP/USD
Mixed
Low
High
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
USD/JPY
Mixed
Low
High
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
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.07% 🇨🇭CHF: 0.05% 🇦🇺AUD: -0.00% 🇨🇦CAD: -0.06% 🇳🇿NZD: -0.07% 🇯🇵JPY: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/B0rRcDvXfo
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.73% Germany 30: 0.71% FTSE 100: 0.67% US 500: 0.48% Wall Street: 0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/6Ds7o5Hf8V
  • The buy-the-dip crowd stepped in to keep the likes of the Nasdaq from tipping critical breaks this past session post CPI. The Dollar held onto its gains a bit better. Watching $USDCAD as a run of US data weighs in on the chance for a climb: https://www.dailyfx.com/forex/video/daily_news_report/2021/05/14/Nasdaq-Drawn-Between-Buy-the-Dip-and-Inflation-Fears-Dollar-Hits-Another-Wave.html https://t.co/T0d7cQUg8j
  • The US Dollar may fall versus ASEAN currencies if dovish Fed speak extends the boost in sentiment after a huge miss in non-farm payrolls. USD/PHP is eyeing the Philippine Central Bank. Get your market update here:https://t.co/BKjG92HWzX https://t.co/8MhgacRMO9
  • Bearish Gartley Pattern Hints at Downward Potential for Nas100 - #NDX chart https://t.co/37TnsEsOqf
  • Japan's Aso: - Around 4 trillion Yen left in reserve funds - It is unlikely that reserve funds will be insufficient - BBG $USDJPY
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.15% Oil - US Crude: -0.48% Silver: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/9IUnKsOJmx
  • Global stock markets may see turbulent volatility if darkening clouds over Washington’s relations with Beijing turn into a geopolitical storm. Which assets will be the lifeboat? Find out here:https://t.co/RkFI6qAyik https://t.co/dS3yMypxer
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.05% 🇨🇭CHF: 0.03% 🇦🇺AUD: 0.02% 🇨🇦CAD: -0.04% 🇳🇿NZD: -0.08% 🇯🇵JPY: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8RjWgZnVuC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.19%, while traders in France 40 are at opposite extremes with 70.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/V8ZnsZ4edi
FTSE 100 Gets Hammered, Looking to Go Negative on the Year

FTSE 100 Gets Hammered, Looking to Go Negative on the Year

Paul Robinson, Strategist

What’s inside:

  • FTSE 100 gets hammered below multiple support levels
  • Looking for lower prices following relief bounce
  • Levels of importance outlined

How will ‘Brexit’ impact the FTSE in Q2? Check out our equity markets forecast for details.

On Thursday, we described the FTSE 100 as “treading close to a breakdown”, and had this to say, The June trend-line which held the FTSE up from day one of the month is coming under siege again, and given where the market is trading it could become especially important should it fail to keep a floor in place.”

The three lows created since mid-March around the 7263/55 vicinity became a focal point of interest once the June trend-line was broken. Not only did those levels give-way to selling yesterday, but the first level of support below those bottoms clocking in at 7192 was proven not to be support at all. The next big level we have penciled in comes in at 7093, which aligns with the early-February low and highs from October. Should that level not hold, the market may look to support at the 200-day MA which currently clocks in at 7010.

From a trading perspective, unless you jumped on board intra-day yesterday as support levels cracked you were left with little to take action on. Buying as support was breaking certainly wasn’t in our playbook. Moving forward we will look for a recovery bounce to alleviate short-term oversold conditions before moving down to support. If the footsie is to head lower, it likely will have trouble making it much back above 7200 before rolling back over. On a drop to support under 7100 we'll pay close attention to how the market responds for cues as to whether it will hold or not.

FTSE 100: Daily

FTSE 100 Gets Hammered, Looking to Go Negative on the Year

Created with TradingView

See the Webinar Calendar for a schedule of upcoming live events with DailyFX analysts.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

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

DISCLOSURES