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

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 30, 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 30, 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

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.