CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

FTSE 100, DAX and Dow start to reverse higher

FTSE 100, DAX and Dow start to turn higher following a period of weakness at the beginning of the week.

FTSE 100 looks set for potential rebound

The FTSE 100 managed to break through the 6144 swing high overnight, bringing about a fresh higher high which could spark a period of upside for the index.

Having pulled back into the 61.8% Fibonacci support level, there is a chance we could start to strengthen from here. As such, a bullish outlook is in play unless we break back below the 6084 level.

DAX rebounding from trendline support

The DAX has been regaining ground after a decline into the 61.8% Fibonacci retracement level of 12,750.

This morning has seen another pullback into trendline support, with the index heading higher once more. That should provide us with another period of upside as we continue to build on the bullish momentum seen yesterday. As such, further upside looks likely from here, with a break below the 12,807 required to negate that bullish view.

Dow hoping to build on recent gains

The Dow Jones has been on the rise over the past 24 hours, with the index seemingly having bottomed out after a period of downside.

With the price heading lower in early trade, we are now starting to see the index start to gain ground from the 50% Fibonacci level. While we could see further short-term downside, a short-term bullish outlook holds unless we see a break below the 26,427 intraday low established yesterday.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.