FTSE 100, DAX 40 and Nasdaq 100 side-lined ahead of US employment report
FTSE 100, DAX 40 and Nasdaq 100 side-lined ahead of closely watched US non-farm payrolls.
FTSE 100 capped by 3-week high
The FTSE 100's recovery from its November and December 7995 low has taken the UK blue chip index to a three-week high at 8327. It caps the upside ahead of US non-farm payrolls.
If the 8327 level were to be bettered, the October and December highs at 8389 to 8397 would be back in the picture.
Minor support is seen around the early January high at 8267 and, further down, along the 55- and 200-day simple moving averages (SMA) at 8220 to 8203.
FTSE 100 daily chart
DAX 40 low volatility range bound ahead of US employment data
The German DAX 40 index range trades in low volatility ahead of the US's employment report. Were a fall through Wednesday's 20,242 low to happen, the 20,200 region would be back in sight and possibly Tuesday's low at 20,109.
If, however, a rise above Thursday's 20,365 intraday high were to ensue, a bullish continuation would be envisaged with Wednesday's high at 20,485 and the December all-time high at 20,527 being in focus.
DAX 40 daily chart
Nasdaq 100 traders await US employment report
The Nasdaq 100's slide from Monday's 21,740 high amid rising US yields has taken the index to Wednesday's 20,982 low. Above it low volatility range trading is taking place ahead of US non-farm payrolls.
A drop through 20,982 would probably put the 20,769 to 20,725 December to January lows on the cards.
Were a rise above Wednesday's high at 21,263 to be seen, though, the December-to-January downtrend line at 21,568 might be revisited. Above it lurks Monday's 21,704 high.
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.
