FTSE 100, DAX and Dow still powering higher

Indices are still being bolstered by positive trade talk, with the DAX and Dow leading the way.

FTSE 100 creates new higher low

The FTSE 100 retreated from its high yesterday, but is attempting to stabilise around 7375.

If it can create a higher low here and push higher, then the 7440 area is the target to watch, with a breakout above here being a positive development in the longer term. Further weakness heads towards rising trendline support from the September low at 7320.

DAX targets previous record

The DAX’s early weakness this morning is already being met with some buying, as the relentless gains continue.

Until the index breaks back below 13,000 intraday dips will still be firm buying opportunities; a move below 13,000 would signal that a more extended period of near-term weakness is at hand. A bigger move higher targets the 13,600 peak from January 2018.

Dow pushing to fresh record high

A new record high for the Dow Jones yesterday was followed up by some weakness overnight, but already buyers are stepping in.

Even the smallest dip appears to be a reason to buy, with a drop below 27,620 targeting possible support at 27,400 and then 27,100. By all logic, some weakness should be due soon, but for now the uptrend shows no sign of slowing.


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.

This information/research prepared by IGA or IGA Group is intended for general circulation. 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 or 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. 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. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

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 30
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Updated
Change

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
China 300
-
-
-
-

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.

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.