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
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.
