FTSE 100, DAX and Dow easing back after Trump boost

FTSE 100, DAX, and Dow are starting to weaken once more, following on from a Trump-fuelled rally.

FTSE 100 starting to ease back after Trump bounce

The FTSE 100 managed to rebound off President Trump’s comments that indicated a US-China deal could be 'closer than you think'. However, just like the Chinese markets, we are seeing that initial FTSE 100 optimism fade as time passes.

Coming off the back of a 61.8% retracement, there is a good chance we will continue the bearish breakdown that had taken shape on Tuesday. A wider bearish picture is confirmed with a break below 7213. Meanwhile, a wider bullish picture comes with a rally through 7368.

DAX rally stalls within downtrend

The DAX similarly rallied yesterday evening, with the price rising towards the key 12,296 swing-high. We are seeing those gains fade, with the price turning lower overnight. Given the recent uptrend, there is a good chance we will see further downside to come.

However, a break through 12,296 would negate this and point towards a wider period of upside.

Dow turning lower from trendline resistance

The Dow Jones also seems to have had a limited boost from Trump’s comments, with the rally into trendline resistance now being greeted by a more bearish phase.

The rally looks likely to bring further downside for the day ahead, where a break through 27,026 would be required to negate this bearish outlook.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

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. Prices are indicative only. All shares prices are delayed by at least 15 mins.


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

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

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.