CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

FTSE 100, DAX and Dow gain ground, yet the bears continue to lurk

FTSE 100, DAX and Dow continue to regain ground, yet wider bearish trend likely to return before long​​.

FTSE 100 rebounds, yet could this be a short-term move?

The FTSE 100 is on the rise again today, with an overnight pullback proving short-lived. This rally could be the latest leg in a wider uptrend seen throughout last week.

However, the decline below 5473 seen on Friday highlights the potential that we are seeing a retracement here rather than an all-out recovery. With that in mind, short-term gains are viewed as a potential precursor to another move lower, with the 76.4% Fibonacci retracement level (5712) providing an interesting area for such a move to potentially play out. These short-term gains need to take us through 5828 to negate the potential view that this market could be rolling over.

DAX pushes higher despite previous breakdown

The DAX rally has taken the index above the 76.4% Fibonacci retracement, potentially pointing towards a continuation of the recent uptrend despite the break below 9524 and 9440 seen yesterday.

With that in mind, we need to see a break through 10,119 to bring about a continuation signal which would negate the bearish signal that come yesterday.

Dow Jones climbs back towards previous peak

The Dow Jones has been on the rise since retracing back into the 76.4% Fibonacci retracement level on Monday.

The recent uptrend does still remain intact for this market and therefore it makes sense to expect a rise through the 22,684 level to continue that move. However, with a wider bearish trend in play, another major decline remains the most likely event before long.


The information 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 Bank S.A. 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 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. See full non-independent research disclaimer.

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, 1.2 on the Germany 40, and 0.4 on the US 500
  • 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, 1.2 on the Germany 40, and 0.4 on the US 500
  • 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.

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.