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.

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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/q80wSAoxXP
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here: https://t.co/aVAzFypAg1 https://t.co/7mc19Gxrvm
  • #Gold prices succumbed to selling pressure as the US Dollar soared this past week What is #XAUUSD facing these next few days and can these fundamental forces extend its selloff? Check out my outlook here - https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/09/26/Gold-Price-Outlook-Rising-US-Dollar-Sinks-XAUUSD-Will-Losses-Extend.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/gPhy0KoW3W
  • 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: https://t.co/38gTDnpPbn https://t.co/Xtk5g4JQEB
  • 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: https://t.co/3Wked6GBOp https://t.co/SsUguHB39W
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/aD1ZWhTWZp
  • The price of #oil may continue to trade in a narrow range as the rebound from the September low ($36.13) appears to have stalled ahead of the month high ($43.43). Get your #commodities update from @DavidJSong here: https://t.co/719LgjFmYG https://t.co/SSoqjONUzA
  • The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6. Get your #currencies update from @DanielGMoss here: https://t.co/HJpngnerzY https://t.co/g6X8ABQDwY
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your USD/INR market update here:https://t.co/ed4QR7QQOn https://t.co/gDWYNtm2UY
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/Q7TcbrYXjl
Equity Indices & Commodities Trading Outlook: S&P 500, DAX, Gold, Crude Oil & More

Equity Indices & Commodities Trading Outlook: S&P 500, DAX, Gold, Crude Oil & More

2017-04-11 10:02:00
Paul Robinson, Strategist
Share:

Paul conducts webinars Tuesday – Friday each week. For details and a full line-up of upcoming live events, please see the DailyFX Webinar Calendar.

In today’s webinar, we first took a look at the daily rejection bars in gold and silver from resistance and then the short-term time-frames for further indications. The expectation on this end is we will see further weakness develop, but first want to see gold trigger a pattern on the 4-hr before becoming too aggressive with shorts.

Copper continues to chop, and through the chop is coiling up towards a move. For now, though, we will pass until further clarity.

Crude oil has exceeded upside expectations from a triple-bottom off trend-line support. The rally looks a bit overdone at the moment, but isn’t up against any notable resistance yet. It is preferred it rallies a bit more before looking for a retracement. Should it dip, we will keep an eye on the 51.50 area and see if buyers don’t maybe step in around that area for a push up towards 55.

U.S. equity indices look vulnerable at this juncture on both a daily basis and when looking at intra-day time-frames. The Nasdaq 100 and Dow are providing the cleanest pictures, both sporting technical formations which could help provide overall clarity for the S&P 500. The level to watch in the Nasdaq 100 is 5400, a pretty meaningful spot. European indices are holding up relatively well, and look poised to move higher, but if the U.S. takes a meaningful leg lower this could quickly change. There are notable trend-lines to watch in the FTSE, DAX, and CAC 40; these could still hold even if the U.S. rolls over as long as the decline isn’t overly pervasive. A decline and solid hold of trend support could set these indices up well for longs later on.

For full technical considerations, please see the video above.

For a longer-term view on commodities and equity indices, see our Q2 forecasts in our Trading Guides section.

---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