Article by IG Senior Market Analyst Axel Rudolph FTSE 100, CAC 40, DAX40: Analysis and Charts FTSE 100 continues to be side-lined The FTSE 100 still range trades below its 55-day simple moving average (SMA) at 7,506 following the chancellor’s autumn statement which despite promising significant tax cuts leaves the UK tax burden at the
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, CAC 40, Nikkei 225 Analysis and Charts Dow breaks trendline resistance The price continued to gain on Monday, moving above trendline resistance from the August highs. This now clears the way for a possible test of the September lower high around 35,000, and then beyond
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow makes further gains The index has spent the past three sessions rallying from last week’s low and is now challenging the 50-day SMA from below. A close above 35,000 is critical to a renewed bullish view emerging,
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX40, CAC 40 Analysis and Charts FTSE 100 begins the week on a positive note The FTSE 100 extends its gains following a positive session in Asia on growing expectations that the Federal Reserve (Fed) won’t continue to hike its rates. The UK blue chip