Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 – Analysis and Charts Dow rally sees slower going The rally has slowed in recent days, though sellers have been unable to establish control even in the short-term timeframes.Further gains continue to target the summer 2023 highs above 35,600, while beyond
The Nasdaq Composite this week held into last week’s gains as the lack of economic releases and the Thanksgiving Day holiday contributed to a steady risk sentiment. On the data front, the US Jobless Claims on Wednesday beat expectations across the board, which is a good thing for the market at the moment given some
Share: AMD price action scored its fourth straight week of gains. S&P Global PMIs show Services overperforming, while Manufacturing underperforms. AMD gains at Friday open, while NASDAQ Composite fades. The $127 to $133 supply zone from May and June becomes primary bull target. Advanced Micro Devices (AMD) stock ended its fourth week in
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 – Analysis and Charts FTSE 100 continues to be side-lined The FTSE 100 continues to be range bound below the 55-day simple moving average (SMA) at 7,505. Despite UK consumer confidence rising in November a negative bias has been seen since
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts FTSE 100 nears last week’s high Despite disappointing UK retail sales, which last week slid to their lowest level since the 2021 COVID-19 lockdown, the FTSE 100 remains on track to reach last week’s high at 7,535 amid
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MARKET WEEK AHEAD FORECAST: GOLD, US DOLLAR, EUR/USD, OIL U.S. Treasury yields retreated over the past few days, weighing on the broader U.S. dollar Meanwhile, gold prices, the Nasdaq 100 and EUR/USD rallied, breaching key technical levels during their move higher Few high-impact events are expected in the coming days, with a shorter trading week
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts FTSE 100 rallies on softer US and UK inflation A host of large-cap dividend payments on Thursday put the FTSE 100 on the back foot, together with disappointing results from Burberry’s with its share price dropping by over
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Download our Complimentary Top Trades Recommended by IG Get Your Free Top Trading Opportunities Forecast Dow returns to 35,000 The index is back at the 35,000 area, the highs from early September.The past three weeks have seen the
This article focuses on the technical outlook for EUR/USD, Nasdaq 100 and crude oil (WTI Futures), taking into account sentiment analysis and recent price action dynamics. Most Read: US Dollar Forecast – Fed Pivot Ahead? Setups on USD/JPY, GBP/USD, AUD/USD For a comprehensive assessment of the euro’s medium-term outlook, make sure to download our Q4
