Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Levels to watch: FTSE 100, DAX and S&P 500

So far, indices are not seeing much bullish momentum, despite yesterday’s recovery in risk appetite.

Source: Bloomberg

FTSE 100 comes under pressure

The FTSE 100 continues to hold above 7360, but it is proving difficult to move much higher. However, so long as 7360 holds, then a rebound to 7400 and higher is still possible.

A daily close below 7360 would open the way to 7294, and then 7260.

DAX bounce pauses

The DAX has stumbled at 13,095, so this is the area to watch for the time being.

The two key levels to watch on the downside are 12,954, and then 12,844. 

S&P 500 hits resistance

The surge for the S&P 500 from the lows of Wednesday has run into resistance at 2588.

Further losses would raise the prospect of a move back to 2565, and then down to Wednesday’s low at 2556.

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. See full non-independent research disclaimer and quarterly summary.

Find articles by writer