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 and Dow losses continue amid risk-off move

FTSE 100, DAX and Dow continue to decline, with European losses leading the way.

Video poster image

FTSE 100 declines into wider retracement

The FTSE 100 has been on the slide amid a ramp-up in trade war fears last week. Following on from Asian losses overnight, we are seeing a similarly bearish start to the week for UK stocks.

However, the daily chart below highlights the respect of trendline support following a drop into the wider 7078-7730 retracement. The view that this is a retracement means that we should be looking for an upward turn between the 61.8% and 76.4% Fibonacci levels. With trendline support being respected below the 61.8% level, there is a chance we could start rising before long. Given the clear bearish trend over recent days, watch for bullish intraday signals to bring about greater confidence of such a resurgence.

FTSE 100 chart Source: ProRealTime
FTSE 100 chart Source: ProRealTime

DAX falls towards critical support level

The DAX has similarly declined heavily throughout the past week, with the index falling towards a crucial area of support.

The wider creation of higher lows could be negated soon, with a break below 11,598 bringing about a picture of further weakness. That is accompanied by the 220-day simple moving average (SMA) which is currently 11,643, with the ability or inability to break through that zone of support proving key to the direction of trade for the week ahead.

DAX chart Source: ProRealTime
DAX chart Source: ProRealTime

Dow continues to decline as trade war drives risk-off sentiment

The Dow Jones has seen selling ramped up over the start of the month, with a break below 26,657 bringing about another bout of downside for the index.

Further downside looks likely with the index now retracing the wider 24,603-17,402 rally. As such, a bearish picture remains unless we see a rise through the 26,576 level.

Dow Jones chart Source: ProRealTime
Dow Jones chart Source: ProRealTime

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.