Written by Chris Beauchamp, Chief Market Analyst at IG Dow still fighting to hold 200-day moving average Recommended by IG Get Your Free Equities Forecast The buyers came riding to the rescue on Monday, causing a bounce from the 200-day simple moving average (SMA). This saw the price rally off its lows and finish the
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Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow slumps following Fed decision The index saw a substantial reversal yesterday and has moved back towards the lows of last week.The 100-day SMA could now provide some support, but below this,the 34,000 level and the 200-day SMA
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,
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy A significantly stronger-than-expected US August retail sales (0.6% month-on-month versus 0.2% forecast), along with firm expectations for a rate hold from the Fed next week, fed into some soft landing hopes overnight. Major US indices registered a new one-week
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, Nasdaq 100 Analysis and Charts Dow struggles to push higher The index has spent the week trying to break higher, but gains above 34,700 have proven impossible to sustain. For the moment, while the buyers have not been able to seize control, sellers
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nikkei 225, Analysis and Charts FTSE 100 still tries to push ahead Last week the FTSE 100 outperformed its European and US counterparts by ending the week up 0.2% and not in the red like the others as the index benefitted from the
USD/JPY, Nikkei News and Analysis Japanese officials consider all options amid evidence of currency speculation USD/JPY rises on dollar bid, nervously eying the psychological 150 mark Nikkei on track for fifth consecutive day of gains, bull flag provides optimism The analysis in this article makes use of chart patterns and key support and resistance levels.
Market Recap of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 6% -1% 1% Weekly 5% 3% 4% US indices started the week on a more subdued tone, with a jump in oil prices to a new 10-month high not providing much reassurances for the global inflation outlook.
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow steady above 50-day MA US markets return from their break, with the Dow’s bounce having stalled since last week. Friday’s session witnessed the index attempting to push higher but running out of momentum. So far it is
