Central Banks in Spotlight: FTSE 100, DAX 40, and Nasdaq 100 on Alert

Stay updated on the latest developments in global markets as the FTSE 100, DAX 40, and Nasdaq 100 await central bank meetings, influencing market sentiment and direction.

In global markets, significant indices, including the FTSE 100, DAX 40, and Nasdaq 100, have investors poised on the edge of anticipation, bracing for several pivotal central bank meetings.

The FTSE 100, having soared to a ten-month high last week at 7,786, is currently experiencing a period of minor consolidation below this peak. This lull in activity comes as investors eagerly await the Bank of England’s (BoE) upcoming interest rate decision and the accompanying monetary policy commentary scheduled for Thursday. Analysts note significant resistance levels between 7,747 and 7,769, representing highs from September to December, preceding last week’s zenith. Support levels are identified at the previous week’s low of 7,713 and 7,710 to 7,702, reflecting highs from October to early February.

Central Banks in Spotlight: FTSE 100, DAX 40, and Nasdaq 100 on Alert

Meanwhile, the DAX 40 has been consolidating below its recent record high, hovering around the psychological milestone 18,000. Last week’s climb to approximately 18,050 keeps investors attentive, particularly with Tuesday’s eagerly anticipated release of the German ZEW March economic sentiment indicator. Analysts highlight the 18,200 region as a critical focal point while emphasizing the importance of the February-to-March uptrend line at 17,892 and Thursday’s low at 17,865 as support levels.

On the other side of the Atlantic, the Nasdaq 100 has gradually declined from its March 8 record high of 18,418, reaching a near one-month low of 17,762. Investors closely monitor this descent, especially in light of Wednesday’s Federal Open Market Committee (FOMC) meeting. Failure to maintain above the current level may indicate the formation of a medium-term top, with attention turning to the late January high at 17,668. Analysts anticipate resistance along the breached October-to-March uptrend line at 18,032, which now functions as a critical threshold due to its inverse polarity.

With these indices poised for potential trajectory shifts, market participants remain vigilant, awaiting cues from central bank deliberations that could significantly influence market sentiment and direction in the days ahead.

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