Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
US equities fell sharply with Nasdaq down 1.81% and S&P 500 off 1.16% as tech weakness deepened. Oracle dropped 5% on financing concerns, while Nvidia and AMD slid after reports of Chinese EUV progress and AI-chip ecosystem shifts. Energy outperformed on crude gains. Germany 40 trades near 23,988 after failing to hold above 24,409, signaling a corrective phase. Key support at 23,841 must hold to avoid deeper retracement.
The DAX rally faces resistance near 24,510- 24,650 as RSI signals overbought and momentum shows early signs of exhaustion. US indices hit record highs led by tech and healthcare, while weak jobs data and the shutdown delay payrolls, reinforcing Fed cut bets. Gold hovers near $3,900/oz with Goldman bullish, oil steadies ahead of OPEC+.
The DAX staged a breakout above 23,820 with bullish momentum, though overbought signals call for caution. In the US, weak jobs data reinforced Fed rate cut bets, while the shutdown delays key economic reports. Pharma stocks surged on tariff relief, Etsy jumped on an OpenAI partnership, and Amazon eyes grocery expansion. Gold nears $3,900/oz with Goldman seeing new highs, while geopolitics—from Ukraine to Asia—keeps risks elevated.
Wall Street broke its record streak as Powell balanced inflation vs jobs, leaving markets cautious. Tech led the pullback, while Boeing gained on a massive China order. Gold hit fresh records, with China set to expand its bullion market role. Meanwhile, the DAX sits at 23,300 support inside a descending triangle—hold and rebound toward 24,000, or break lower toward 23,000? Traders brace for a decisive move.
Markets opened volatile this week: Japan’s Nikkei crossed 44,000 for the first time, while gold and silver hit fresh records. Weak US labor data raised bets on a September Fed rate cut. The DAX remains trapped in a bearish channel, with risk if support at 23,600 breaks. Traders now look ahead to the ECB meeting and earnings from Oracle and GameStop.
The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, commodity futures, or digital assets, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to FOREX.com or GAIN Capital refer to StoneX Group Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.
