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.

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

UK and US markets continue to leave their European cousins far behind.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-01-12T09:50:00+0000

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FTSE 100 climbs to a new high

The grind higher continues for FTSE 100, with no sign that the sellers can assert control for any meaningful length of time.

The potential areas of short-term support are marked at 7732 and then 7705.

FTSE 100 price charts

FTSE 100 price charts

FTSE 100 price charts

DAX flounders as euro strengthens

Euro strength continues to hobble European markets including DAX; a worrying holdover from 2017.

However, the price continues to defend 13,211, so if this keeps holding the chances of a return to 13,400, and then towards 13,600, increase. Further support is possible around 13,150, and then 13,095.

DAX price charts

DAX price charts

DAX price charts

S&P 500 surges to new records

Dip buyers of S&P 500 this week, who took the oversold stochastics as a buying opportunity, have done well.

The rally shows no sign of stopping, despite a plethora of signs indicating overextended conditions. Possible support is standing by at 2759, 2737 and then 2729.

S&P 500 price charts

S&P 500 price charts

S&P 500 price charts

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