Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, CAC 40 – Analysis and Charts Dow above August and September highs The index has surged through the 35,000 level, reaching its highest level since the end of August.The next target is the high from July around 35,680, and would mark the complete
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow stronger in wake of Fed decision The index’s rally was given fresh impetus by the Fed decision last night, which saw a more balanced outlook from Jerome Powell. The index has climbed to its highest level in
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow edges above 200-day moving average The impressive rebound for the Dow has carried the index back to the 200-day simple moving average (SMA).Early trading on Thursday has seen the price edge above this indicator, though a close
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, CAC 40 Analysis and Charts Dow holds above trendline support After Friday’s slump the index struggled to make much headway on Monday.The 35,000 level is the barrier to any short-term upside, beyond which the highs of August towards 35,800 loom. For the moment,
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow gives back recent gains The index has fallen this week, dropping back below the 50-day SMA and heading towards the 100-day SMA.It remains above the August lows, but bulls will need a close back above 34,750 to
Article by IG Senior Market Analyst Chris Beauchamp DAX 40, S&P 500, CAC 40 Analysis and Charts Dax sees further strength After rallying to the 50-day SMA earlier in the week, the index fell back yesterday as the euro strengthened and expectations of a fresh ECB rate hike in September rose. The bounce from last
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, CAC40, Hang Seng Analysis and Charts Nasdaq 100 holds support for now The price rallied off the 15,260 level yesterday, stemming any further declines for now.Crucially it also held trendline support from late April and remains above it in early trading today. A rally back
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, S&P 500, CAC40 Analysis and Charts Nasdaq 100 hits three-week low The index has fallen to its lowest level in three weeks, as the US debt downgrade provides a catalyst for a sell-off. Additional declines target rising trendline support from the April lows, and then
Article by IG Chief Market Analyst Chris Beauchamp S&P 500, Nasdaq 100, CAC40 Prices, Analysis, and Charts S&P 500 hits new 2023 high The index has surged to a new high for the year, and its highest level since April 2022.The Fed decision last night gave space for the dollar to weaken and equities to