FTSE 100, DAX 40 and NASDAQ 100 bid post strong US jobs report
FTSE 100, DAX 40 and NASDAQ 100 rally as US payrolls significantly surpass estimates.
FTSE 100 bullish following strong US non-farm payrolls
The FTSE 100 revisits the upper boundary of its recent sideways trading range and is trading close to its 8,336 late September high following a much stronger-than-expected US jobs report on Friday.
Above the 8,336 high the September peak can be spotted at 8,372.
Potential slips should find support between the 55-day simple moving average (SMA) at 8,263 and last week’s low at 8,224.
DAX 40 rises post US jobs data report
DAX 40 recovers from last week’s one-week low at 18,949 amid a strong US jobs report. Last Wednesday’s high at 19,269 is now back on the cards, together with the 30 September low at 19,307.
Minor support below last Tuesday’s 19,128 low can be found at last Wednesday’s 19,059 low.
NASDAQ 100 rises post solid US non-farm payrolls
The NASDAQ 100's retracement from its two-month high at 20,316 to last week’s low at 19,611 has been followed by a rise to 20,069 on Friday after a much better-than-expected US jobs report print. Resistance above this high can be seen around the 20,316 late September high, a rise above which would likely put the July peak at 20,760 back on the map.
Minor support below the 19 September high at 19,955 can be found at the 2 October high at 19,884 ahead of last week’s 19,611 low. This needs to hold for the medium-term uptrend to remain intact.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research 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 and quarterly summary.
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
- 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
- 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
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
