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 CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

FTSE 100, DAX and S&P 500 all rally in early trading amid US-China trade truce

A trade truce between the US and China has provided the spark for an equity rally, with the DAX at a one-year high, the FTSE 100 retaking its June high and the S&P 500 back to a record once again.

FTSE 100 clears mid-June peak

Today’s gap higher has seen the FTSE 100’s mid-June gains that stalled around the 7450 level taken out.

Now the index targets 7530, the late April high, and then beyond this, 7556 and 7644 come into view. A drop back to fill the opening gap could find buyers, but any pullback will need to break 7370, key support over the past week, to suggest that a deeper drop is at hand.

DAX leaps above resistance

An opening gap higher has been followed up with further gains, with the DAX briefly touching a one-year high.

If it leapfrogs 12,400 and 12,600, then the next to watch is 12,954. Such a dramatic move higher might reverse in the short term, but a drop towards 12,250 would represent a strong buying opportunity. The index would need to fall below 12,160 to suggest that a bearish view was gaining pre-eminence.

S&P 500 back to record high

A fresh record high for the S&P 500 comes just days before Independence Day.

Those calling for a ‘triple top’ have flagged, somewhat rightly, that the index has failed to clear the 2940-2960 area since September last year. But further gains will lay this bearish thesis to rest. A pullback towards 2940 could find fresh buyers, while the bearish view requires a move back below 2900.


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