FTSE 100, DAX 40 and Nasdaq 100 remain under pressure
FTSE 100, DAX 40 and Nasdaq 100 remain under pressure after hawkish Federal Reserve interest rate cut.
FTSE 100 drops towards the 8000 mark
The FTSE 100 comes further off its 8389 early December high amid risk-off sentiment with the psychological 8000 being back in sight, together with the 7995 November low.
Good resistance can now be seen between the September low at 8153 and the 8183 - 8196 late September and early October lows.
FTSE 100 daily chart
DAX 40 on track for sixth straight day of losses
The German DAX 40 is on track for its sixth straight day of falling prices and is fast approaching its October highs at 19,683 - 19,463 which may offer support. If not, the early November high at 19,566 may do so.
Minor resistance can be found at Wednesday's 19,923 low and around the psychological 20,000 mark.
DAX 40 daily chart
Nasdaq 100 gives back gains post hawkish Fed cut
The Nasdaq 100 is seen swiftly coming off its 22,132 record high following the Federal Reserve's (Fed) hawkish cut and has slid through its August to December uptrend line at 21,210 which should now act as potential resistance. Further minor resistance sits at the 10 December low at 21,316.
A fall through Thursday's 20,919 low would put the late October high at 20,652 on the map. Below it lies the 20,499 mid-October peak.
Nasdaq 100 daily chart
The information 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 Bank S.A. 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 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.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
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.
