Outlook on FTSE 100, DAX 40 and S&P 500 amid BoE and Fed talk
The FTSE 100 is gunning for last week’s record high at 8,479 with the psychological 8,500 mark remaining in sight as several Bank of England members will be speaking in the course of this week.Last week the DAX 40 hit a record high close to the minor psychological 19,000 mark before slipping and forming a bearish engulfing pattern on the daily candlestick chart which was followed by a drop to Friday’s low at 18,627.
Since last week’s high hasn’t been accompanied by a higher reading of the daily Relative Strength Index , negative divergence can be seen. It may lead to a several hundred points sell-off taking the index back to its April-to-May uptrend line at 18,464. For this scenario to become more probable a fall through last week’s low at 18,623 would need to be seen, though.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTSE 100, DAX 40 and S&P 500 Come off Record HighsOutlook on FTSE 100, DAX 40 and S&P 500 amid possible rates higher for longer scenario.
Read more »
FTSE 100 joined by DAX 40 in setting new record high while S&P 500 also ralliesOutlook on FTSE 100, DAX and S&P 500 as UK exits recession.
Read more »
FTSE 100 Makes yet Another Record High while DAX and S&P 500 Rally is Slowing DownOutlook on FTSE 100, DAX and S&P 500 ahead of Thursday’s BoE monetary policy meeting.
Read more »
FTSE 100 hits yet another record high while DAX 40 and S&P 500 continue their ascentsOutlook on FTSE 100, DAX 40 and S&P 500 ahead of FOMC and Non-Farm Payrolls.
Read more »
FTSE 100 hits yet another record high while DAX 40 and S&P 500 resume their ascentsOutlook on FTSE 100, DAX 40 and S&P 500 amid strong US earnings.
Read more »
FTSE 100 trades in new record highs with DAX 40 and S&P 500 close on its heelsOutlook on FTSE 100, DAX and S&P 500 ahead of US CPI print
Read more »