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.



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
More View more

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.36% 🇪🇺EUR: 0.32% 🇯🇵JPY: 0.30% 🇨🇦CAD: 0.23% 🇨🇭CHF: 0.17% 🇬🇧GBP: 0.06% View the performance of all markets via
  • When is Kodak going to get into the SPAC game? Bitcoin mining pivot in 2018 and Vaccine production pivot in July 2020. Any day now...
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 2.19% Gold: 0.74% Oil - US Crude: 0.34% View the performance of all markets via
  • The Dow Jones, Nasdaq 100 and S&P 500 will look to the arrival of earnings season for influence. Get your #equities market update from @PeterHanksFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.41%, while traders in France 40 are at opposite extremes with 75.87%. See the summary chart below and full details and charts on DailyFX:
  • Pfizer states it can deliver 10% more vaccine doses to the US by the end of May $PFE $SPX $NDX $RUT
  • Had the pleasure of sitting down with @GuyAdami and @RiskReversal for another episode of The Macro Setup to discuss $GLD $BTC and $SPX ahead of earnings season and the Coinbase IPO Watch here -
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.41% Germany 30: 0.06% Wall Street: 0.00% FTSE 100: 0.00% US 500: -0.01% View the performance of all markets via
  • #Bitcoin breaks out to fresh all-time highs as investors cast an eye to the long awaited Coinbase IPO #BTC $BTCUSD
FTSE 100 Technical Analysis: Rolling Over, May Sell Off Soon

FTSE 100 Technical Analysis: Rolling Over, May Sell Off Soon

Paul Robinson, Strategist

FTSE 100 Technical Highlights:

  • FTSE rolling over, could accelerate soon
  • Bull-flag possibility remains but doesn’t appear likely

FTSE rolling over, could accelerate soon

The FTSE remains a real soft spot in global equities, especially when compared to the bubbly U.S. stock market. If the leading U.S. market has even a healthy correction, which looks probable given its frothiness into a seasonally weak time of the year, it could spell trouble for the faltering FTSE 100 index, as well as lagging European indices.

The downward grind since early June has kept the longs in the game via a developing bull-flag, but given the weak relative strength factor versus the risk spectrum it is looking increasingly likely that we could soon see an acceleration lower.

The trend-line from March (albeit a weak source of support given its lack of touch points) is starting to break. The big level to watch is the August low at 5852, which if broken will lead to a test of the bottom-side of the downward channel (potential bull-flag).

It is a break below this channeling structure that is seen as a real sign of increased selling pressure. If the FTSE stays confined within, then price is still trending lower but of course at a relatively benign pace given the angle of descent. However, a break below the lower parallel is likely to turn benign into something more. If risk appetite on the whole is also weakening, then probability of a sharp drop will increase significantly.

All-in-all, we aren’t quite there yet to make the call for a big sell-off, but time appears to be running out for the FTSE to get its act together…

Equities Forecast
Equities Forecast
Recommended by Paul Robinson
Check out the Q3 Equity Forecast
Get My Guide

FTSE Daily Chart (rolling over, watch support)

FTSE daily chart

UK 100 Index Charts by Tradingview

Tools for Forex 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.