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 7,995 low has taken the UK blue chip index to a three-week high at 8,327. It caps the upside ahead of US non-farm payrolls.
If the 8,327 level were to be bettered, the October and December highs at 8,389-to-8,397 would be back in the picture.
Minor support is seen around the early January high at 8,267 and, further down, along the 55- and 200-day simple moving averages (SMA) at 8,220-to-8,203.
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.
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.
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