Market News

FTSE 100, DAX 40, and Nasdaq 100 Hold the Line

FTSE 100 DAX 40 Nasdaq 100

Stay informed on FTSE 100, DAX 40, and Nasdaq 100 movements with our latest market analysis and trends coverage.

Global markets are navigating a complex landscape as the FTSE 100, DAX 40, and Nasdaq 100 strive to maintain their positions above last week’s lows. Here’s a closer look at the current status and analysis of each market:

FTSE 100 Faces Decline Amidst Rate Cut Expectations

The FTSE 100 index is declining, influenced by scaled-back rate cut expectations. The index approaches its January lows, ranging between 7,648 and 7,641, providing a potential support level. Analysts suggest that while downside pressure persists, a revisit to Monday’s intraday high at 7,696 could be in the cards. Surpassing this level may rekindle interest in the mid-December high at 7,725, with resistance noted between the September and December highs at 7,747 to 7,769. Conversely, breaching the support zone may lead to a drop to the mid-October low at 7,584, coupled with the 200-day simple moving average at 7,575.

FTSE 100, DAX 40, and Nasdaq 100 Hold the Line

DAX 40 Attempts to Recover After Initial Slide

The DAX 40 index initially slid to 16,444 on Friday following a Eurozone inflation reading and stronger-than-expected US nonfarm payrolls. Hopes for substantial rate cuts reignited, propelling US equity indices upward and showcasing the market’s resilience. The DAX 40 must surpass Friday’s Dragonfly Doji high at 16,648 to establish an interim bottom. If successful, the index could reach recent highs ranging from 16,809 to 16,812, potentially shifting attention to the December record high at 17,003. Identified support levels lie at Wednesday and Thursday’s lows at 16,500 to 16,477, preceding last week’s low at 16,444.

Germany 40 BEARISH

Recent data indicates that 78% of clients are net short on the Germany 40 index. There have been notable changes in longs, shorts, and open interest on both daily and weekly scales.

Nasdaq 100 Maintains Position Above Last Week’s Low

The Nasdaq 100 experienced a decline at the start of the year due to reduced rate cut expectations and heightened risk-off sentiment related to tensions in the Middle East. Approximately 3.5% dropping, the index reached a one-month low at 16,178, closely approaching the highs of November 22 and 29 at 16,167 to 16,126. Analysts anticipate these levels will offer support if tested. A bullish move requires a rise above Friday’s high at 16,420, potentially bringing the 20 December low of 16,552 back into focus. Investors are closely monitoring developments to gauge the index’s trajectory.

In summary, global markets remain dynamic as investors navigate uncertainties. Market participants closely monitor economic indicators and geopolitical developments for potential impacts on market dynamics, directing their attention toward key support and resistance levels.

Stay Updated with the Latest Market News. Visit our YouTube Channel for the Latest Forex Analysis.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Newsletter

Subscribe to ForexPropNews Trading Newsletters

Receive the best-curated content by our editors for the week ahead.

Mini Charts

Fidelcrest video review

Play Video

Related Articles

A Closer Look at Trends in Global Stock Markets

Global indices like Nikkei 225, FTSE 100, and DAX 40 hit record...

Surging Markets: A Week of Record Highs and Key Risk Events Ahead

Last week's record highs in US stock markets driven by tech and...

AUD/USD in Focus: Resistance Levels and Inflation Data Awaited

The Aussie dollar faces resistance against the US dollar ahead of key...

USD/CHF: Choppy Price Action on the H4

USD/CHF – Technical Analysis- H4 Chart The chart shows that the price...

Featured educational content

EXPLORE MORE

Featured educational content

New to Forex? Learn to Read Charts Like a Pro

Dive into forex trading basics: chart reading, candlesticks, technical indicators, timeframes, currency pairs. Start your journey to trading success today!

Video: How I Re-Programmed My Mind to be a Consistent Trader (Thanks to The Wolf of Wall Street)

How I Re-Programmed My Mind to be a Killer Trader (Thanks to The Wolf of Wall Street)

Video: This Invisible Trading Indicator Tells you What Day Trade (Not Just Price)

This Invisible Trading Indicator Tells you WHEN to Trade (Not Just Where)

Technical Analysis: Chart Patterns and Indicators for Profitable Investments

Navigate stocks with confidence using chart patterns like Head and Shoulders, indicators such as MACD, and tools like trendlines. Master technical analysis for...

Latest News

Global Stock Markets
Market News

A Closer Look at Trends in Global Stock Markets

Global indices like Nikkei 225, FTSE 100, and DAX 40 hit record highs but may consolidate amid economic uncertainties.

Surging Markets Week of Record Highs
Market News

Surging Markets: A Week of Record Highs and Key Risk Events Ahead

Last week's record highs in US stock markets driven by tech and AI stocks set a positive tone for investors.

Copyright © 2023 Forex Prop News. All Rights Reserved.