CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Levels to watch: FTSE 100, DAX and Dow

While they have not managed further gains, indices have held up well, avoiding further declines.

Stronger pound hurts FTSE 100

The FTSE 100 has been a notable underperformer, hit by a stronger pound.

The drop back below the 50-day simple moving average (SMA) of 6864 and the close below 6840 support suggests a lower high has been created and that a fresh downward leg is underway. Near-term targets below 6800 lie at 6640 and 6520. Intraday bounces have been sold, so the index needs to clear 6900 to provide a more bullish view.

DAX sits in a range for now

Dips into the area around 11,020 continue to find buyers for the DAX, but the price needs to clear 11,150 to break out of the range that has prevailed over the past three sessions.

From there the price targets 11,300. A fresh decline below 11,000 would head towards 10,900, rising trendline support from the December lows.

Dow trend still up

While the Dow Jones has not made any further upward progress since Friday, dips continue to be bought, as we saw over the past two days. Intraday drops found buyers around 24,300, helping to provide a more bullish view.

The index now needs to break the zone around 24,750, which has held back progress this week. This would then clear the way to the 200-day SMA at 24,987. A close below 24,300 would mark the beginning of a more bearish view.

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 40
  • 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.