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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

​​​FTSE 100, DAX 40 and S&P 500 resume their ascents

​​Outlook on FTSE 100, DAX 40 and S&P 500 as the S&P information technology sector hits a record high.

Source: Bloomberg

​​​FTSE 100 recovery continues despite weak UK retail sales ​

​The FTSE 100, which on Wednesday fell to a six-week low at 7,403 on pared back rate cut expectations, is in recovery mode despite UK retail sales falling the most in nearly three years. ​The mid-November and early December highs at 7,535 to 7,543 represent the next upside target zone but together with the 55- and 200-day simple moving averages (SMA) at 7,560 to 7,566 may thwart the advance, at least short-term. ​Minor support sits at Thursday’s 7,485 high ahead of Friday’s 7,473 intraday low and the 5 December 7,459 low.

Source: ProRealTime

​DAX 40 recovers from this week’s six-week low ​

The DAX 40 index is in the process of bottoming out ahead of European Central Bank (ECB) Governor Christine Lagarde’s speech at Davos today with the January resistance line at 16,690 representing the first upside target. Further up sits the 8 January high at 16,785 below the more significant 11 and 15 January highs at 16,792 to 16,841. ​Slips should find support around Wednesday’s high and last week’s low at 16,543 to 16,517. ​Further down lie the early January and Thursday’s low at 16,444 to 16,409.

Source: ProRealTime

​S&P 500 resumes its ascent ​

The S&P 500 surged higher on Thursday as US building permits rose more than expected, jobless claims plunged to a 16-month low and the S&P information technology sector hit a record high. ​The December to January highs at 4,795 to 4,803 are thus back in the frame. ​Minor support below the 20 December high at 4,778 can be spotted around the 9 January high at 4,766.

Source: ProRealTime

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