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
Real Time News
  • Wall Street Futures Update: Dow Jones (-0.003%) S&P 500 (+0.073%) Nasdaq 100 (+0.021%) [delayed] -BBG
  • (Sentiment Weekly) Japanese Yen, Swiss Franc Analysis: USD/JPY, USD/CHF May Fall as Long Bets Rise #Yen #Franc $USDJPY $USDCHF
  • Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road? Find out from @ddubrovskyFX here:
  • Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields
  • The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce? Find out from @ddubrovskyFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.65%, while traders in France 40 are at opposite extremes with 80.44%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.50% 🇦🇺AUD: 0.26% 🇬🇧GBP: 0.16% 🇨🇭CHF: 0.11% 🇪🇺EUR: 0.10% 🇨🇦CAD: -0.02% View the performance of all markets via
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.35% Germany 30: 0.04% US 500: 0.00% FTSE 100: -0.06% Wall Street: -0.08% View the performance of all markets via
  • British Pound Price Outlook: GBP/USD, GBP/JPY Poised to Extend Climb - $GBP $GBPUSD $GBPJPY
  • The US Dollar may extend gains against the Thai Baht. But, its price action within USD/SGD, USD/PHP and USD/IDR seem to be favoring more range-bound trading conditions. Get your market update from @ddubrovskyFX here:
FTSE 100 Technical Analysis: Choppy Upward Trend May Pick up Momentum

FTSE 100 Technical Analysis: Choppy Upward Trend May Pick up Momentum

Paul Robinson, Strategist

FTSE 100 Technical Highlights:

  • FTSE chopping its way towards 2021 highs
  • May pick up some momentum here soon
  • Resistance in the 7000/7150 vicinity targeted

The FTSE 100 has been a chop-fest, as price action hems and haws its way higher. The general grind has left the index difficult to get a good handle on, but it may soon gain more momentum as general risk appetite for stocks, globally, remains strong.

Why other than strong risk appetite might the FTSE garner more steady buying pressure? From a catalyst standpoint that is unclear, but from a price action standpoint often times gradual rises give-way to a surge in the absence of a negative event. In recent weeks, the DAX is an example of how a steady grind/base can lead to a shot higher.

The FTSE’s first objective is the yearly high at 6903, and from there an even larger test of a series of lows created during 2019 and 2020. There are numerous inflection points from just over 7k up to around 7150 that would likely prove to be a pivotal test.

From a tactical standpoint, the trading bias is to the upside. Potential for a rally with better continuity appears to be quickly rising. The chop may continue a little while longer before this happens, but as long as the series of higher lows dating to December can continue, then the outlook will remain positive.

It would take a clipping of the most recent swing-low at 6618 to cast a shadow over the upside. Even then, there is a steady trend-line connecting most of the lows just mentioned. A breaking of that line is needed to ultimately turn the outlook favorable for shorts.

Equities Forecast
Equities Forecast
Recommended by Paul Robinson
Check out the Q2 Stock Market Forecast
Get My Guide

FTSE Daily Chart (grinding towards a potential spike higher)

FTSE daily chart

FTSE Chart by TradingView

Resources for Forex Traders

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.