FTSE 100, DAX and Dow expected to turn higher once again

FTSE 100, DAX and Dow eases overnight, yet further upside looks likely before long.

Overnight FTSE 100 weakness could be fleeting

The FTSE 100 has drifted lower overnight, following on from a rebound on Tuesday. That rise came off the back of a sharp decline into the notable 7078 support level, signaling the potential for a stronger rebound to come into play.

The sharp rally on Tuesday, coupled with the gradual nature of overnight losses points towards another move higher before long. Watch out for a break through the recent high of 7216 as a bullish signal. Alternatively, a break below 7064 would be required to negate this outlook.

DAX rebound likely to resume

The DAX has similarly drifted lower overnight, following on from a sharp rebound yesterday.

The minimal size of that rate cut means we are likely to see further upside come into play before long. We are starting to see that bullish picture again with prices rising into the 11,667 area. A break through that level would point towards a bullish picture reemerging.

Dow rally starting to ease

The Dow Jones recovery has been slowing after a day of sharp gains yesterday.

This uptrend looks likely to persist once again given the turn higher in the stochastic oscillator. Thus, the short-term bullish picture remains in place unless we see a break below the 25,708 swing low established overnight.

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.