Article by IG Chief Market Analyst Chris Beauchamp FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts FTSE 100 drops sharply Friday’s losses have continued into a new week, with the index testing 7500 in early trading this morning. After failing to hold above 7600, a new bearish view appears to prevail. This will be
NASDAQ 100, NDX, Gold, XAU/USD – OUTLOOK: Growing similarities between the Nasdaq 100 index and XAU/USD price charts. From a fundamental perspective, elevated real yields appear to be a key driver. How is the trend evolving and what are the key levels to watch in the Nasdaq 100 index? Recommended by Manish Jaradi The Fundamentals
Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar outperformed its major counterparts this past week, with the DXY Dollar Index gaining over 0.8 percent. In fact, the DXY just wrapped up its 4th consecutive weekly gain. The last time the same winning streak occurred was back in February. A 5th push
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, S&P 500, Nikkei 225 Charts and Analysis Nasdaq 100 back to 50-day SMA The index has pushed steadily lower in August so far, continuing the weak theme from the end of July.It has managed to stabilise around the 50-day SMA for the time being, though
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
An initial move higher in Wall Street last Friday eventually faded into the close (DJIA -0.43%; S&P 500 -0.53%; Nasdaq -0.36%), as market participants took the opportunity for further profit-taking into the seasonally weaker month of August. The focus was on the US July non-farm payroll report, which saw a miss in job addition for
The major US indices opened higher and moved even higher in the early trading for the day. Stocks are reacting to lower yields with the 10 year now down -7.4 basis points. The thirty-year is down -3.7 basis points. A snapshot of the market 12 minutes into the open and showing: Dow industrial average up
Article by IG Chief Market Analyst Chris Beauchamp FTSE 100, DAX 40, Nasdaq 100, Prices, Analysis and Charts FTSE 100 claws its way back from Thursday lows Thursday witnessed an impressive recovery from the lows of the session for the index. Having slumped briefly to a three-week low the price has now rebounded. A follow-through