CFDs are complex instruments. 75% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. CFDs are complex instruments. 75% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

European indices expected to open up while the US dollar reversal continues

The US dollar reversal is picking up steam, with the Dollar Index testing the 50-day simple moving average.

Indices overview

Europe is mostly up today after gains in New York and over much of Asia overnight. London is showing mixed signs.

Forex markets

The US dollar reversal is picking up steam, with the Dollar Index (DXY) testing the 50-day simple moving average (SMA).

EUR/USD is at a three week high, while USD/JPY is down as the Bank of Japan (BoJ) buys excess bonds.

Keep an eye out for USD/CAD as the Bank of China (BoC) may move 50-basis points on rates.

Equities

Today is another big earnings day with reports coming from Barclays, Meta Platforms, Boeing Co , Standard Chartered, WPP, Deutsche Bank, and Ford Motor Co.

Last night Microsoft and Google both fell, while Visa rose.

Tesla CEO, Elon Musk meanwhile expects the Twitter acquisition deal to be completed by Friday.

Commodities

Gold is little moved this morning while oil is down for a third day.


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

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.