FTSE 100, DAX 40 find support as NASDAQ 100 range trades below its record high
FTSE 100, DAX 40 find support as NASDAQ 100 range trades below its record high ahead of Wednesday’s FOMC meeting and Thursday’s BoE monetary policy meeting.
FTSE 100 bounces back
The FTSE 100 has come off its 8389 early December high and slid to the 200-day simple moving average (SMA) at 8197, around which it seems to hold.
Were a fall through this week's low at 8183 to ensue, though, the September trough at 8153 may be revisited. While it underpins, a rise back above the 55-day SMA at 8236 may ensue, targeting the 8304 early November high.
FTSE 100 daily chart
DAX 40 finds support
The German DAX 40 is keeling over from last week’s 20,527 record high and nears the November to December uptrend line at 20,066 and the psychological 20,000 mark.
Minor resistance can be spotted at the 10 December low at 20,260 as well as at the 9 December high at 20,476. Above it lies last week’s record high at 20,527.
DAX 40 daily chart
NASDAQ 100 consolidates ahead of FOMC
The NASDAQ 100 is short-term consolidating below its 22,132 record high, a rise above which could lead to the 23,000 mark being next in line.
Potential slips may find support between the November to December uptrend line at 21,760 and the 11 December high at 21,784.
NASDAQ 100 daily chart
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
