FTSE 100, DAX 40 and Nasdaq 100 slightly bid ahead of US inflation print
FTSE 100, DAX 40 and Nasdaq 100 slightly bid ahead of US December CPI print.
FTSE looks bid post slightly softer UK inflation print
The FTSE 100 trades back around its 200-day simple moving average (SMA) at 8,224 amid a slightly softer-than-expected UK December inflation print. The 55-day SMA at 8,200, the 7 January low at 8,186 and Tuesday's low at 8,181 offer support. A fall through this area would push the psychological 8,000 region to the fore.
Minor resistance can be seen around the 8,267 early January high, a rise above which may put the current January high at 8,327 back on the cards. It would need to be exceeded for the October and December highs at 8,389-to-8,397 to be in play.
DAX 40 rises slightly ahead of US inflation data release
The German DAX 40 index's swift recovery off Monday's 20,025 low has taken it back to the 20,300 region while awaiting the much anticipated US December CPI print.
A rise above Tuesday's 20,364 high may put the current January 20,485 high back in play whereas a fall through Tuesday's 20,203 low may lead to the 20,000 region being revisited.
Nasdaq 100 traders await December CPI print
The Nasdaq 100 probes its key 20,769-to-20,533 support zone, made up of the December and current January lows ahead of today's US inflation data release. If fallen through on a daily chart closing basis, the mid-November low at 20,306 would be next in line.
Immediate downside pressure should retain the upper hand while the index remains below the 55-day SMA at 21,061 and, more importantly, Friday's 21,200 high.
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.
