ftse100 chart

NZDUSD tests resistance The New Zealand dollar bounced back after the RBNZ raised its interest rates by 50bp. The pair came under pressure after hitting resistance near the psychological level of 0.7000. The kiwi then saw bids at 0.6810 near the base of a previous bullish breakout. A rally above the support-turned-resistance at 0.6900 may turn sentiment around. The next hurdle will be 0.6950. A fall below 0.6810 could trigger a sell-off towards the daily support at 0.6740. And that is an important level safeguarding the March rebound. Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! XAUUSD bounces higher Gold rallied after US inflation in March came out less than market participants had expected. The metal’s medium-term uptrend is still intact as long as the price is above the major support at 1895. The recent consolidation could be an opportunity for the bulls to accumulate. A break above 1965 prompted some sellers to cover. This could also pave the way for a bullish reversal. 1990 is the next hurdle and its breach may send bullion to the March high at 2070. 1940 is the immediate support in case of a pullback. UK 100 seeks support The FTSE 100 struggles as UK consumer confidence wanes amid geopolitical uncertainty. The index has met stiff selling pressure near the recent peak (7690). A combination of profit-taking and fresh selling weighs on price action. Nonetheless, sentiment remains upbeat. And a bullish MA cross on the daily chart suggests strong impetus in the latest recovery. 7530 is fresh support and 7450 is the second line of defense in case of a deeper retreat. The bulls need to clear 7650 before they could regain the upper hand in the short term. Analysis: Gold prices (XAUUSD) increase inlight of the U.S. announcing their new inflation rate - Chart Of The Day By FXMAG.COM

Summary: FTSE showing bearish signals in the current market. Future of the US stock market awaiting U.S CPI report due on Wednesday. Bitcoins price fall’s link to the broader market.   Read next: (DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.    FTSE 100 showing poor performance: The FTSE is the Financial times Stock Exchange listed on the London Stock Exchange. This exchange has tanked more than 2% today, given the size of the exchange, it is a big change. This negative investor sentiment towards the FTSE comes as a result of overall negative investor sentiment after the Bank of England's (BoE) forecast announcements last week. When the BoE delivered an unfavorable announcement for the second quarter of the year, the UK market tanked amidst poor investor confidence in the government's ability to fight against inflation and the looming recession. FTSE 100 Daily Price Chart Future of the US Dollar. Despite the hawkish Fed and the dovish ECB, the market sentiment for this currency pair sits at mixed. Investors are starting to show concerns around where the U.S economy is headed. Concerns around rising prices, inflation, soft corporate earnings growth, the supply chain bottlenecks and the increasing concerns around the looming recession, are all causing investors to hold off on risk. The U.S. stocks have fallen today, with the S&P 500 falling around 2.5% and Nasdaq falling around 3%. Investors will watch in anticipation as the U.S releases their CPI report during the trading day on Wednesday. Investors will look for cooling prices and inflation, if this happens, there could be a relief on the stock market, if not, we could see the stocks fall even more. Bitcoin Price Tanks. The price of Bitcoin has tanked today, hitting its lowest price since July 2021. The reality is that the effects of tightening of monetary policy have been felt throughout all the stock markets, including the cryptocurrency market. Analysts warned investors about the possible drop in the price of Bitcoin if global economic market performance continued to sour. With the price of Bitcoin down more than 6% today the fall comes in line with the tanking global equities amidst geopolitical tensions, supply chain bottlenecks and inflation pressure. BTC Price Chart Sources: dailyfx.com, finance.yahoo.com

Summary: FTSE showing signs of increasing amidst favorable UK economic data US Dollar to have a busy week next week. Read next: Major Index NASDAQ (IXIC) Sell Off After Equities Fall, Will the ECB Turn Hawkish?  FTSE 100 Increasing The FTSE 100 index rallied on Friday. This rally comes in the wake of the retail data released that well exceeded market expectations. Retail data came in at a 1.4% increase in contrast to the expected value of -0.2%. Food sales increased by 2.8% and car fuel sales also rose 1.4% in April. This data indicated to the market that consumers are showing resilience to the current economic situations. In addition, the positive data has improved investor sentiment towards the UK market. FTSE Price Chart US Dollar expected to see more volatility Next week is full of important U.S economic data announcements and events which we can expect to add more volatility to the US Dollar. On Wednesday the FOMC minutes will likely give the market a clearer look at the thoughts of the current state of the US economy and whether or not we can expect to see more interest rate hikes. On Thursday the Fed will release their preferred inflation reading PCE which is expected to highlight the growing US pressures. All the factors above will lead to a heightened volatility in the US Dollar. Sources: finance.yahoo.com, dailyfx.com

Summary: Oil Giants are required to pay more taxes on profits. The BoE is put under more pressure FTSE 100 rises with BP and Shell stocks On Thursday oil giants Shell and BP were informed they would be required to pay 25% extra taxes on their profits from the North Sea. Investors did not seem to lose interest in these stocks despite this news, the share prices of both these companies rose. The Chancellor also announced there would be an extra tax incentive to invest in pumping up more oil and gas. Therefore it is possible that the oil giants can avoid almost their entire tax bill. FTSE 100 Price Chart GBP Weakens after its rally on Thursday morning On Thursday Chancellor Rushi Sunak announced that more than 8 million households would receive a lump sum of GBP650.00 in an attempt to try to fend off the cost of living crisis. The Chancellor also announced there would be a GBP15 billion spending boost. The move will put the Bank of England (BoE) under more pressure going forward, possibly forcing the BoE to raise interest rates even more. The Pound Sterling faces negative market sentiment in the wake of this news as the likelihood of a recession looms closer. Read next: FOMC Meeting Minutes Offer Support To The US Dollar (EUR/USD), Improved Market Attitude Favoured The GBP On Thursday (EUR/GBP, GBP/USD), Market Awaits RBA Monetary Policy  Follow FXMAG.COM on Google News Sources: finance.yahoo.com, poundsterlinglive.com

Dax 40 December futures momentum is clearly negative as we break the July low at 12380/360. Yesterday we made a high for the day only 35 ticks above first resistance at 12350/400 before prices collapsed as expected. We appear to have formed a 9 month descending triangle pattern & have broken the lower trend line. Yesterday we formed a bear flag so a break below 12000 is the next sell signal. FTSE 100 December futures held Monday's range so same levels apply for today but we are breaking lower over night. Remember when support is broken it usually acts as resistance & vice-versa. Update daily by 06:00 GMT. Today's Analysis. Dax December broke support at 13100/13000 for a sell signal, then 3 month trend line support at 12700/650 for another sell signal & now the July low at 12380/360 for a new sell signal. Yesterday we made a high for the day just above first resistance at 12350/400. Then we crashed below 100 month MA support at 12200/150. As I warned you, the last 3 times this MA was tested, it did not hold, in 2009, 2011 & 2020. So now we have broken below 12000 (not a surprise!) & could drop quickly to 11700/700. Gains are likely to be limited of course in the bear trend with resistance at 12100/12200. Shorts need stops above 12300. FTSE December hit 500 day moving average support at 7020/7000 but we have 2 year 38.2% Fibonacci support & June low at 6950/6910. Longs need stops below the 500 week moving average at 6850. A break lower is a major medium term sell signal. Bulls need a break above minor resistance at 7080/7100. A break higher meets strong resistance at 7160/80. Shorts need stops above 7210.

Stock index contracts are falling today as consumer sentiment declines. This time it's consumers from Europe's largest economy, Germany, where a record of pessimism has been set. Sentiment in Germany vs. DAX quotes Germany's GfK consumer climate index fell to -42.5 in October 2022 from -36.8 the previous month, reaching a new record low. This is the fourth consecutive decline, which was worse than market forecasts had predicted. The latest reading highlighted growing concerns over rising inflation and high energy prices, as well as persistent fears of recession, with income expectations falling to a new record low (down 22.4 points to -67.7), according to data released by GfK Group. Economic expectations also fell 4.3 points to -21.9, reaching their lowest level since May 2009. Meanwhile, willingness to buy fell 2.8 points to -19.5, the lowest level since October 2008, marking the eighth consecutive month of declines. "The current very high inflation rate of almost eight percent is leading to large losses in real income among consumers, and thus a significant reduction in purchasing power," - Rolf Bürkl, GfK consumer expert, said. Source: Conotoxia MT5, DE40, H4 With sentiment weakening, but also with increasing chances of further interest rate hikes whether in the United States or the Eurozone, as well as a perceived energy crisis looming this winter, the German DAX index's stock price has set new local lows. At 10:19 GMT+3, the DE40 was down 1.15 percent and at its lowest level since November 2020. That's when the markets were hit by the autumn wave of the covid outbreak, and moments later a new upward wave followed with news of a successful vaccine. Then the bottom was established in the 11500 point area, and it seems that it could be a potential support for DE40. London Stock Exchange quotes It is impossible not to mention the UK stock market, which seemed to defend itself from declines for a long time. Now, however, the FTSE100 index, too, may be heading south. The UK100 instrument on the Conotoxia MT5 platform is down 1 percent to 6898 points as of 10:23 GMT+3. This week, Britain's main index hit its lowest level since March 2022. Source: Conotoxia MT5, UK100, W1 The London Stock Exchange appears to be under pressure from lingering concerns about the country's economic outlook, exacerbated by a lack of commitment to fiscal discipline. The budget plan of the UK's new finance minister Kwasi Kwarteng, which includes historic tax cuts and a massive increase in debt, has been met with strong opposition from the International Monetary Fund and the Moody's rating agency. If it is implemented, it is possible that the UK could experience a rating cut. Did you know that CFDs allow you to trade on both falling and rising prices? Derivatives make it possible to open buy and sell positions and thus trade on both rising and falling quotes. At Conotoxia, you can choose from CFDs and DMA CFDs on more than 4,000 shares of companies listed on stock exchanges from all over the world. To find a CFD or DMA CFD on a stock, all you need to do is follow 4 simple steps: To access Trading Universe - a state-of-the-art hub of financial, information, investment and social products and services with a single Smart account, register here. Click "Platforms" in the "Invest&Forex" section.Choose one of the accounts: demo or live On the MT5 platform, search for the CFD action you are looking for and drag it into the chart window. Use the one-click trading option or open a new order with the right mouse button. Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Conotoxia investment service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. Stock market news: Worse consumer sentiment and poor stock market sentiment (conotoxia.com)

AUDUSD grinds higher The Australian dollar finds support from strong CPI in Q3. From the daily chart’s perspective, sentiment remains extremely bearish and the latest rebound could be a mere flag-shaped consolidation near moving averages. The pair has met stiff selling pressure at the support-turned-resistance (0.6400). Its breach on a second attempt means that the bulls will be challenging 0.6540 before they could turn the mood around. Or a dip below 0.6300 could trigger a new round of sell-off below the critical floor at 0.6210.   XAUUSD attempts to bounce Bullion strengthens as a decline in US home prices weighs on Treasury yields. Gold saw bids at the previous low (1615) and a surge above 1660 may have prompted some short interests to cover. A rally fueled by profit-taking will not be enough to reverse the price action unless the precious metal secures follow-up buying. 1670 used to be a demand zone from a rally earlier this month and has become a key resistance. Its breach would carry the price to the previous high at 1730. A break below 1615 would push gold to 1570.   UK 100 tests resistance The FTSE 100 bounces as traders bet on a slowdown in the hiking cycle. The index has clawed back losses from previous sessions but the bias remains down. The price action is testing the supply zone between the 30-day moving average and the daily resistance at 7100 where strong pressure could be expected after the market edged into bearish territory. 6880 is a fresh support and 6820 the short-term bulls’ second line of defence. Their breach would invalidate the latest rebound and send the index below 6700.

USDCAD finds strong support The US dollar recovered after the Fed cautioned that rates could go higher than expectations. The rally has come to a halt in May 2020’s consolidation area. A combination of profit-taking and fresh selling has weighed on short-term sentiment. A tentative break below the daily support 1.3500 has put the bulls under pressure. A bearish breakout would force them to bail out and trigger a deeper correction below 1.3300. 1.3750 is the first resistance and the bulls will need to clear 1.3850 before the uptrend could resume. XAUUSD hits resistance Gold softened after the US dollar regained strength post-FOMC. After the price gave up all the gains from its rally in early October, the latest rebound met stiff selling pressure near the support-turned-resistance 1670. A long bearish wick suggests a rejection of this level. As wrong-footed traders scramble for the exit, 1618 is key in keeping the precious metal afloat. Its break would signal a bearish continuation in the days to come. 1645 is a fresh obstacle where the bears could be looking to double down on the prevailing pessimism. UK 100 struggles for support Equities turned south after the Fed sees a pause in tightening as premature. The FTSE reversed its course at a former support (7200) on the daily chart. The recent rally could use some breathing room after it broke above the daily resistance at 7100. After the RSI swung back into oversold territory, 7080 is the first level to gauge the strength of follow-up interests. The psychological level of 7000 would be an important support to keep the bulls interested. 7200 is a fresh peak and a bullish breakout would carry the index to 7330.

FTSE 100 December reversed from the 7190/7200 targeting minor support at 7170/50 then strong support at 7110/7090 with a low for the day exactly here. Longs need stops below 7070. Today's Analysis. Dax December broke the 3 week rising trend line, from the October recovery - a counter trend move. So it is likely that the 2022 bear trend has resumed. However best support at 13150/100 today. Holding here allows a recovery to first resistance at 13250/350. Shorts need stops above 13400. First support at 13150/100 but longs need stops below 13050. A break lower targets second 12950/900. A break below 12850 is a medium term sell signal & confirms the resumption of the bear trend. A weekly close below tomorrow night is further confirmation of course. FTSE December a low for the day exactly at strong support at 7110/7090. Longs need stops below 7070. A break lower is a sell signal targeting 7030/20 then 6970/60. Longs at strong support at 7110/7090 can target 7180/90.