Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 69% 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 await US payroll revision and FOMC minutes​

​​​FTSE 100, DAX 40 and S&P 500 await US payroll revision and FOMC minutes ahead of Jackson Hole symposium Fed Chair Powell speech.​​

Indices phone app Source: Adobe images

​​​FTSE 100 is taking a breather

​After a near two-week buying frenzy in the FTSE 100, this week has seen some profit taking in the index ahead of US Federal Open Market Committee (FOMC) minutes and the Jackson Hole symposium which may shed more light on US monetary policy.

The 55-day simple moving average (SMA) at 8,216 may thus be revisited this week, below which lies a significant support zone between the late May to early July lows at 8,138-to-8,106.

Key resistance remains to be seen at the early August high and this week's peak at 8,374-to-8,404.

FTSE 100 chart Source: IT-Finance.com
FTSE 100 chart Source: IT-Finance.com

​DAX 40 rally is losing upside momentum

​The DAX 40 swift recovery from its early August 17,021 low has taken it close to its late July high at 18,580 by so far rising to 18,498 on Tuesday before profit taking kicked in.

Minor support can be seen along the 55-day SMA at 18,242 ahead of the 9 July low at 18,211. 

DAX 40 chart Source: IT-Finance.com
DAX 40 chart Source: IT-Finance.com

​S&P 500 advance stalls ahead of July FOMC minutes publication

​The S&P 500's swift rally from its 5 August low at 5,091 ended a day short of matching a 20-year-old winning streak by rising to Tuesday's 5,620 high before retracing slightly lower.

A rise above this level would engage its July 5,669 record high.

Potential slips may find support around the early August high at 5,564. 

S&P 500 chart Source: IT-Finance.com
S&P 500 chart Source: IT-Finance.com

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.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.