FTSE 100, DAX and S&P 500 all move higher

Modest gains have been seen in early trading, following on from a rebound yesterday as markets begin to anticipate a more dovish move from the Fed.

FTSE 100 find support at 7485

Yesterday’s FTSE 100 weakness stalled at 7485, aligning with the low of last week.

Further gains would head towards 7600 and then on to 7640. If a durable low has been formed around 7485 then a foundation for further gains may exist. Below 7485, the price will head towards 7385.

Source: ProRealTime

DAX turns higher

DAX dipped below the 50-day simple moving average (SMA) yesterday, but then recovered. Further gains target 12,450, the highs from earlier in the week, and then on to 12,650.

Below the 50-day SMA, the price will head towards the rising 100-day SMA (12,045) and trendline support from the December low.

Source: ProRealTime

S&P 500 rallies once more

Rising trendline support from mid-June came into play yesterday, and the price of S&P 500 has continued its gains so far today.

The previous record at 3020 is the next target. A move below 2970 would target 2940.

Source: ProRealTime

This information has been prepared by IG, a trading name of IG Markets 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.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 30
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

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.