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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

​FTSE 100, DAX 40 and NASDAQ 100 bid post strong US jobs report​

​​​FTSE 100, DAX 40 and NASDAQ 100 rally as US payrolls significantly surpass estimates.​​

Indices trading app Source: Adobe images

​​​FTSE 100 bullish following strong US non-farm payrolls

​The FTSE 100 revisits the upper boundary of its recent sideways trading range and is trading close to its 8,336 late September high following a much stronger-than-expected US jobs report on Friday.

​Above the 8,336 high the September peak can be spotted at 8,372.

​Potential slips should find support between the 55-day simple moving average (SMA) at 8,263 and last week’s low at 8,224.

FTSE 100 chart Source: IT-Finance.com
FTSE 100 chart Source: IT-Finance.com

​DAX 40 rises post US jobs data report

DAX 40 recovers from last week’s one-week low at 18,949 amid a strong US jobs report. Last Wednesday’s high at 19,269 is now back on the cards, together with the 30 September low at 19,307.

​Minor support below last Tuesday’s 19,128 low can be found at last Wednesday’s 19,059 low.

DAX 40 chart Source: IT-Finance.com
DAX 40 chart Source: IT-Finance.com

​NASDAQ 100 rises post solid US non-farm payrolls

​The NASDAQ 100's retracement from its two-month high at 20,316 to last week’s low at 19,611 has been followed by a rise to 20,069 on Friday after a much better-than-expected US jobs report print. Resistance above this high can be seen around the 20,316 late September high, a rise above which would likely put the July peak at 20,760 back on the map.

​Minor support below the 19 September high at 19,955 can be found at the 2 October high at 19,884 ahead of last week’s 19,611 low. This needs to hold for the medium-term uptrend to remain intact.

NASDAQ 100 chart Source: IT-Finance.com
NASDAQ 100 chart Source: IT-Finance.com

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