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
  • 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:
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
FTSE Chart Breaks Support, Joins the S&P 500, DAX

FTSE Chart Breaks Support, Joins the S&P 500, DAX

Paul Robinson, Strategist

FTSE Technical Highlights:

  • FTSE broke 7600/550 support on Monday
  • Old support becomes new resistance
  • Path of least resistance remains lower

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

On Monday, the FTSE broke through the 7600/550 support zone that kept the market buoyed on a couple of attempts to break down last week. This has the UK index following along with a pair of other key markets – DAX and S&P 500 – that also broke below their own important levels of support in recent days. Overall, global equities are in danger of rolling further downhill.

With the FTSE trading right around the bottom of support, if we see a turn lower very soon (like today), the next level to look to, or in this case moving average, is the 200-day MA around the 7446-mark. As far as price levels are concerned, nothing meaningful arrives until down near 7300.

Even if the FTSE is to trade back above 7550/600 and stay there on a daily closing basis, the near-term trend off the high remains marked by lower-lows and lower-highs, suggesting it’s still vulnerable to more selling. With time perhaps the downward channeling price action works its way into a bull-flag, but some work is needed before that scenario can come into serious consideration.

Tactically speaking, the 7550/600 zone has appeal for would-be shorts given not only the importance of the level, but its proximity for stop placement and potential reward. We had a similar situation in the DAX last week, with price breaking support on Thursday, then slightly bouncing back into it on Friday (and then rolling over this week). Perhaps the FTSE will be as willing to cooperate.

Does volatile price action shake your confidence? Check out this guide for 4 ideas on how to Build Confidence in Trading.

FTSE Daily Chart (Broke Support)

FTSE daily price chart, old support new resistance

For live weekly updates on the FTSE and other indices (& commodities), join me live on Tuesdays for ‘Indices and Commodities for the Active Trader’.

Forex & CFD Trader Resources

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.