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 drift lower after sharp global market gains

FTSE 100, DAX and Dow start to ease back following yesterday’s sharp surge for global markets.

FTSE 100 rallies into key resistance level

The FTSE 100 has been surging higher at the start of this week, with the improved US-China trade picture paving the way for gains globally. However, we have now seen the index rally into key historical resistance, with the late-April high of 7528 providing a key hurdle to overcome today.

The ability or inability to break that level would be crucial in determining where we go from here. Should we fail to break through 7528, we would need to see a move below 7487 to bring about a bearish short-term picture.

DAX easing back after Monday surge

The DAX joined the rest of the stock markets with a gap higher at the start of the week, yet we are starting to see the sellers coming into play as the index starts to form a consolidation or retracement phase.

The depth of such a pullback is unknown, yet it is likely that such a move is short term rather than the beginning of a complete reversal. Thus, we could see further downside for the short term, yet a wider bullish outlook remains unless we see a break below 12,169.

Dow turns lower from record highs

The Dow Jones attempted to break into a record higher yesterday, yet the index failed to break through the 26,951 level and is now drifting lower.

The bullish falling wedge pattern breakout took us within striking distance of that new high, yet there is a growing possibility that the index will form a bearish reversal signal if we break below 26,433. For the moment, it makes sense to await a break through either 26,951 or 26,433 to provide a signal of where we go from here.


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
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

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.