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
Mixed
Oil - US Crude
Bullish
Wall Street
Bullish
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
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/UalZ8cRSXB https://t.co/YgTLOf10s7
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.21% 🇦🇺AUD: 0.19% 🇳🇿NZD: 0.16% 🇬🇧GBP: 0.12% 🇨🇭CHF: 0.11% 🇯🇵JPY: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qL7nMxUXEP
  • #Market Snapshot Risk-on tilt to kick-off a fresh quarter of trade Haven-associated $USD and $JPY losing ground while $AUDUSD and $EURUSD trek higher #SP500 futures following #CrudeOil and the #ASX200 higher $Gold dipping back towards session-lows https://t.co/oJemFdRsdt
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.17%, while traders in Wall Street are at opposite extremes with 65.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/X3E4khU9qC
  • American Airlines say it is planning to furlough 19,000 employees after the government fails to pass its delayed fiscal stimulus follow up. United warned previously it could furlough 12,000 of its employees and Disney laid off 28,000 of its workers. #pandemic
  • GBP/USD was putting together a strong rally yesterday, but fizzled and put price closing in the bottom half of its daily range. Get your $GBPUSD technical analysis from @PaulRobinsonFX here:https://t.co/34HxGeksHU https://t.co/qMxdumej4w
  • The Tokyo Stock Exchange said before the opening bell on Thursday that it would suspend trading in all stocks, due to a glitch in its system to distribute market information - https://t.co/CNsaUCWgBa
  • What is seasonal change in volatility. Are we going through one right now? Find out: https://t.co/G0qfpOmMl2 https://t.co/p2NG16qNBx
  • 🇰🇷 Balance of Trade (SEP) Actual: $8.88B Previous: $3.84B https://www.dailyfx.com/economic-calendar#2020-10-01
  • And so starts October: the peak of volatility as measured by the $VIX historically and the most active month according to $SPX volume https://t.co/O2HDsGgrWH
Equity Indices & Commodities Outlook: DAX, S&P 500, Gold & More

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

2017-04-18 11:41:00
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 focused on global indices, namely in Europe and the U.S., as they look poised to break key support levels. After an extended four-day holiday weekend, Europe came back online, and so far we are seeing pretty good selling pressure. The DAX is treading very close to breaking a couple of key levels/lines we have on the chart, while the CAC 40 and FTSE 100 are doing similar. The CAC is in danger of dropping back below the 2000-current trend-line it closed above a couple of weeks back, in addition to breaking trend-line support going back to November. The FTSE 100 is well below the June trend-line and close to taking out three bottoms in close proximity to one another formed since mid-March. A daily close below these levels opens up a path for lower prices.

In the U.S., markets started the week off on a positive note, but that may be about to change with risk sentiment fragile. The trend off the record high is still negative, and as long as the S&P 500 stays below the top-side trend-line off the March 1 record high, that will remain the case. There is a good possibility that the Monday rally was merely a bounce that will fizzle. We have our eyes set on 2300 with a turn lower.

Gold is trading around the 2011 trend-line, a widely popular line of interest. How it responds there will be very telling. Silver is up against its own levels of resistance, but not nearly as important as the trend-line in gold; we’re taking our cues off gold. The bias for lower prices in copper remains, but choppy price action makes it a tough one to trade. Shorts need to be vigilant in only selling rallies and not chasing lower as bounces have been frequent.

Crude oil has weakened a bit in recent sessions after having a big run. Overall, clarity is lacking at the moment, putting any bias to rest in either direction. We’ll revisit at a later time after the market has a chance to provide a better tell.

For full technical considerations, please see the video above.

Looking for longer-term views on equity indices and commodities? See our Trading Guides.

---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