uk 100

It's set up to be a mixed week for markets in Europe with gains for the FTSE100 and the CAC40, with the French index achieving a new record high, while the UK index looks set to gain a foothold back above the 7,900 level, for the first time since the March meltdown in the banking sector.

Concerns over the economic outlook appear to be acting as more of a drag on the DAX, even though it still managed to make a fresh 12-month high earlier in the week.

Today's economic data from Europe and the UK continues to point to a divergence between manufacturing and services when it comes to economic activity.

In France, the unrest over pension reform has seen manufacturing PMI activity slump to 45.5, due to lower output, even as service sector activity has improved to 56.3. inflationary pressures do appear to be easing in manufacturing however these are being offset by rising price pressures in services.

It's a similar story in Germany with manufacturing activity slipping to 44, along with eas

New Year starts with strong Tesla results, OPEC decision | MarketTalk: What’s up today? | Swissquote

Intraday Market Analysis – USD Struggles To Bounce

Jing Ren Jing Ren 27.10.2021 14:08
The Australian dollar rallied after Q3 inflation exceeded expectations. A bullish MA cross on the daily chart indicates an acceleration in the upward movement. Pullbacks are likely to attract a ‘buy the dips’ crowd. The pair has been consolidating its recent gains above 0.7450, a former major resistance that has turned into support. A close above 0.7545 may extend the rally to last July’s high at 0.7610. On the downside, a deeper retracement would test the demand area between 0.7380 and the psychological level of 0.7400. USDNOK maintains bearish trend The Norwegian krone keeps the high ground supported by continued strength in oil prices. Sentiment has remained downbeat after a break below the daily support at 8.4700. Rebounds have so far been checked by solid selling interest. The current sideways action under 8.4100 could be another phase of distribution. Then the bears would be pushing towards June’s low at 8.2400, the last support before reaching this year’s low at 8.1500. 8.4800 near the 20-day moving average would be the second resistance in case of a bullish attempt. UK 100 resumes rally The FTSE 100 breaks higher as confidence grew after fresh highs on Wall Street. The rally above August’s high at 7220 is an indication of a strong commitment from the long side. Breakout candles and a bullish MA cross confirm that the uptrend has resumed. The index is now on its way to the pre-pandemic level around 7550. 7350 would be an intermediate hurdle as an overbought RSI may trigger some profit-taking. 7220 has become fresh support if the bulls need to catch their breath.
FTSE 100 and USDCHF slowly goes up?

FTSE 100 and USDCHF slowly goes up?

John Benjamin John Benjamin 17.01.2022 10:49
USDCHF attempts to rebound The US dollar came under pressure after a contraction in December’s US retail sales. Strong selling pressure from the supply area around 0.9280 has pushed the pair all the way below the daily support at 0.9100. An oversold RSI triggered a buying-the-dips behavior but the rebound could be limited as sentiment tilted to the bearish side. The bulls will need to reclaim the support-turned-resistance at 0.9190 first. Otherwise, a new round of sell-off below 0.9090 could send the greenback to last August lows near 0.9020. NZDUSD seeks post-rally support The New Zealand dollar fell as risk sentiment subsided going into the weekend. The surge above the supply zone around 0.6850 has triggered a reversal fever after a month-long sideways action. As the RSI drops back into the neutrality area, buyers could be waiting to jump in at a discount. A pullback below 0.6840 has led to some profit-taking but as long as the price stays above 0.6780 the rebound is valid, or the kiwi could revisit the critical floor at 0.6700. A break above the recent high at 0.6890 would extend the rally to 0.6960. UK 100 consolidates gains The FTSE 100 finds support from the UK’s stronger-than-expected GDP. A break above the top of the previous consolidation range (7545) means a continuation of the current uptrend. Trend-followers may consider a pullback as an opportunity to stake in. Short-term sentiment remains bullish as long as the index is above 7470. A break above the immediate resistance at 7580 would extend the rally upward. A deeper retracement would test 7370 which used to be a major resistance from the double top on the daily chart.
USDCHF, CADJPY And UK 100 - All Of Them Got Some Gains

USDCHF, CADJPY And UK 100 - All Of Them Got Some Gains

John Benjamin John Benjamin 24.01.2022 09:51
USDCHF tests daily support The Swiss franc rallied as traders poured into safe-haven currencies. The pair previously bounced off the critical floor (0.9090) on the daily chart. An oversold RSI in this demand zone brought in some buying interest. However, sentiment remains downbeat with the greenback struggling to clear offers around 0.9180. A fall below said support would trigger a new round of sell-off towards 0.9020 as late buyers rush to the exit. On the upside, a bullish breakout would open the door to the recent peak at 0.9275. CADJPY breaks key support The Canadian dollar slipped after disappointing retail sales in November. A bearish RSI divergence at the recent high (91.15) indicates a loss of momentum in the rally. The first drop below 90.60 prompted some buyers to bail out. Then the rebound met stiff selling pressure at 91.90. And this is a sign of exhaustion after a four-week-long uptrend. The loonie now has fallen through the major support at 90.60, with 89.80 as the target. As the RSI goes oversold, traders may look to sell the next bounce near 91.05. UK 100 tumbles through supports The FTSE 100 stalls as appetite subsides across risk assets. An overbought RSI on the daily chart suggests over-extension after a month-long rally. A pullback is necessary for the bulls to catch their breath. A drop below 7530 and then 7470 further weighs on short-term sentiment as profit-taking intensifies. The index is about to test 7380, a fresh demand zone from the November-December double top on the daily timeframe. The bulls need to reclaim 7540 before a rebound could gain traction.
DAX (GER 40) EuroStoxx 50 And FTSE 100 (UK100) In Focus

DAX (GER 40) EuroStoxx 50 And FTSE 100 (UK100) In Focus

Jason Sen Jason Sen 25.02.2022 09:53
Dax 40 tested strong longer term moving average support at 14100/000 but ran almost as far as the next target of 13750/710. We have now established a base & I think a further recovery is likely. EuroStoxx 50 MARCH crashed as far as my lower target of 3750/40 with a high for the day exactly here & a 150 tick bounce. FTSE 100 MARCH crashed as far as 7141, just 11 ticks above strong support at 7130/10 with a 100 tick recovery. Update daily at 07:00 GMT Today's Analysis. Dax is now holding above strong longer term moving average support at 14100/000. We are holding short term 23.6% resistance at 14360/380 & this is the main challenge for bulls today. A break above 14410 therefore should be a buy signal targeting 14500 & 14600/650 & perhaps as far as strong resistance at 14750/850. Sell with stops above 14900. Strong longer term moving average support at 14100/000. A break below 13950 however could retest 13780/750. Less chance this will hold on the next test. EuroStoxx managed a bounce to 3810/00 & my next target of 3880/90. A break above 3910 signals further gains to 3950 & probably as far as strong resistance at 3985/95. Failure to beat first resistance at 3880/90 risks a slide to 3845/35 before a retest of support at 3750/40. FTSE crashed as far as strong support at 7130/10 before a bounce to 23.6% resistance at 7250/60. A break above 7275 signals further gains to strong resistance at 7320/40. Watch for a high for the day. A break higher however targets 7380/90 before a sell opportunity at 7435/55. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
S&P 500 (SPX) Increased By 7.1%, FTSE 100 (UK 100) Went Up As Well

S&P 500 (SPX) Increased By 7.1%, FTSE 100 (UK 100) Went Up As Well

Alex Kuptsikevich Alex Kuptsikevich 03.03.2022 10:15
  Why the S&P500 is rising now Events in Ukraine at the end of last month provoked chaos in the stock markets of all regions. However, the S&P500 and FTSE100 indexes already managed to find the support of buyers on the first day of hostilities. Since then, these indices have formed an upward trend. The S&P 500 is testing the 4400 mark, above which it last traded solidly before Feb 17th. At the same time, futures are now 7.1% higher than the minimum point at which they were a week earlier.  The FTSE100 is not gaining as much and is now up 3.4% from last week's lows. In both cases, we see an upward movement, albeit shaky. It is explained by the market's less dependence on the state of affairs in Eastern Europe since the companies represented in the S&P500 are significantly diversified and removed from the epicentre of events. In contrast, the European Euro50 on the 1st of March fell to lows for almost a year.  A similar pattern was observed for the German DAX. The charts of both indices have been dominated by sellers since the beginning of the year, and this trend has intensified sharply in the last two weeks.  The DAX and EURO50 have about 7% more downside potential in the next few days before finding support. In our opinion, central banks may now be on the side of buyers in Western Europe and the United States, which are likely to soften plans for tightening monetary policy, despite the rise in commodity prices. Worth mentioning that in times of crisis, the market quickly calculates the winners: both in February-March 2020 and last month, the market decline was general, but very soon the markets diverged in their dynamics.
Eightcap analyst after UK CPI: It is an interesting position now for the Bank of England., do they need to go back to a few 50-point hikes to cut into the CPI rate?

FTSE 100 is doing better today, pound sterling had quite a good day yesterday reaching 3-weeks high

Walid Koudmani Walid Koudmani 10.01.2023 12:08
BRC report shows boost in sales over holiday season Today's BRC report showed an increase in total sales for the month of December by 6.9% compared with a year earlier as the economy still contends with the cost of living crisis. While this marked a noticeable improvement from November's 4.2% growth rate, it is important to note that some of this could be a result of high inflation driving prices and compensating for lower volumes. In addition, while sales were boosted by events like the world cup and holiday season, it remains to be seen if this trend will persist in the coming months while some economists believe inflation may have peaked or may at least be approaching its peak. In either case, this could be considered a positive sign and bring some optimism in a difficult economic context. The FTSE100 started the day trading higher after yesterday's pullback and with several central bank speeches today, could attempt to break through yesterday's highs. Meanwhile, the Pound managed to reach a 3 week high yesterday against the USD which has been experiencing significant weakness and today's events could bring some additional volatility to the currency market.  Read next: Damage to the crypto industry increased by almost a half in 2022 | FXMAG.COM Oil prices may be on the verge of breaking through the consolidation area Oil prices have managed to remain in the recent consolidation area after the prospects of an increase in demand from china supported higher valuations following a difficult start to 2023 which saw Brent drop over 10% from a high of $87 while WTI fell around 11% to reach a low of $72,44 before rebounding. In both cases it appears that the overall sentiment has improved and while traders await today's API inventory report from the US, it is possible that a surprise could cause a breakout from the recent sideways trading area. From a technical point of view, Oil.WTI is trading just below $75 and testing the 21SMA after breaking above the 8EMA on the hourly chart and while RSI still hovers around the 60 level, it appears that there might be still room for upside. On the other hand, a negative turn of events could swing sentiment in the other direction and cause an extension of the downward move.
Kim Cramer Larsson's technical analyses of DAX and EuroStoxx 50

The weaker pound has contributed to the UK100 trading at its highest since 2018 this week

Alex Kuptsikevich Alex Kuptsikevich 12.01.2023 09:04
Alex Kuptsikevich, Senior Financial Analyst at FxPro, a few questions regarding US inflation, UK 100, cryptocurrency market and more. Here's what he replied. Global stocks and commodities rise, even cryptocurrencies note an increase. Are you of the opinion as Chinese economy finally opened and US labour market deliver markets with promising numbers there's only ongoing Russian-Ukrainian war preventing markets from real growth? So far, the rise in asset prices has been more of a sigh of relief when things do not develop according to the worst-case scenario. Nevertheless, it is worth paying attention to the disastrous drop from 3% to 1.7% in global GDP growth forecasts for 2023 from the World Bank. This low growth promises a subdued global demand comparable to the worldwide recession times of 2020 and 2009. In contrast to the years, major world central banks are increasing interest rates instead of decreasing them. The full effect of the policy tightening has yet to become evident but will manifest itself by the middle of the year. Even if stopped immediately, the war between Ukraine and Russia will not fix the logistical problems as it is unlikely to change attitudes towards Russian energy. It seems that inflation in Eurozone is cooling down, do you expect the same from the US economy this week? The US economy is one step ahead, staying within Europe in the business cycle. Inflation data from the USA could therefore be a benchmark for the eurozone, but hardly the other way around. Commodity prices are falling, which is keeping inflationary pressures in check. However, it is now worthwhile to start shifting the focus to services inflation as rising wages can creep into this area and become a real problem for central bankers around the world. Service price developments will determine how long the Fed will raise interest rates and keep them high. So far, the forecasts of the FOMC members are alarming. At the same time, market participants have shrugged off such comments, continuing to believe in an imminent policy reversal to easing due to weaker commodity prices. Read next: 2023 Predictions: Central banks were buying gold at the end of the year at the highest rate since 1955 | FXMAG.COM Bullish sentiment spreads among cryptocurrency market - even altcoins gain significantly - what's the most probable driver of these increases?  Currently, the main driver of growth is the depletion of sellers. There isn't anyone to sell cryptocurrencies yet, after having been down for more than a year. However, such a reason is rarely a basis for sustained growth. That would require a new investment idea, which is hard to find with tight financial conditions and increased demands on project returns. The good news right now is when a project stays afloat. UK 100 doesn't seem to share optimism of US equities, could decent GDP print this Friday help the index and UK economy as a whole? The weaker pound has contributed to the UK100 trading at its highest since 2018 this week. It is also noteworthy that the leading UK equity index and the pound have been moving upwards in sync since October. The UK equity market is helped by the previous weakening of the pound, which has somewhat boosted the competitiveness of local goods, as well as a rebound in raw material and energy prices, which allows producer and seller costs to fall. Separately, continental European and British equities have enjoyed a clear influx since the start of the year. Investors appear to have been pleased with the resilience of the region's economies in light of the energy crisis and are also hoping for a recovery in Chinese activity, rushing to turn the page on a tough 2022.
Eightcap analyst after UK CPI: It is an interesting position now for the Bank of England., do they need to go back to a few 50-point hikes to cut into the CPI rate?

China's economy grows 3%. FTSE 100 expected to open at 7,860, DAX to begin the day lower, at 15,106. What about CAC40?

Michael Hewson Michael Hewson 17.01.2023 07:21
In the absence of US markets yesterday for Martin Luther King Day, European markets eked out a modest gain, helped by further weakness in European natural gas prices which fell to their lowest levels in 16 months. It is these declines in energy prices, along with optimism that inflation has peaked and that the various worst-case scenarios that were being modelled at the end of last year won't come to pass, that is fuelling the early year optimism that has driven the gains of the past 2 weeks. Over the last 2 months the various rolling restrictions and lockdowns has seen the Chinese economy slow down markedly. This has been shown clearly, not only in the trade numbers, but also in a sharp decline in consumer spending, which has seen retail sales slide sharply. The decision to drop the zero-covid policy in the face of rising opposition, while welcome, is likely to prompt an uneven recovery for the Chinese economy in the coming months. This is because of the unwelcome side effects of the inevitable explosion in infection rates and mortality in a largely unvaccinated population, which we've already seen in the aftermath of this relaxation last month. This means any recovery is likely to be very uneven and explains why this morning's December retail sales numbers were better than the November numbers, coming in at -1.8%, as people restricted their movements to avoid getting infected and bought online instead. This area of online retail sales rose by 17.2%, which helped push the overall number higher from the -9% that was being predicted. While retail sales spending has slowed sharply over the last 3 months of 2022, industrial production has done slightly better, although even here it still had a poor December, coming in at 1.1%, down from 2.2% in November. All this weak data has translated into a Q4 stagnation for the Chinese economy with growth of 0%, equating to annual GDP growth of 3%. On the plus side, it could have been far worse, but it was still well below the Chinese government's target a year ago of 5.5%. Read next: Ebury's Matthew Ryan talks Forex market - Euro, British pound and more - 16/01/23| FXMAG.COM As we look towards 2023, we could see a sharp rebound over the next quarter as we look towards Chinese New Year in just under two weeks' time. One of the few bright spots as the UK grapples with the rising cost of living, and headline inflation of 10.7%, has been that wage growth has been shown to be strong, although we did see a small uptick on October unemployment to 3.7%. Putting that to one side the number of payrolled employees for November rose by 107k to a new record high of 29.9m, which should be reflected in today's ILO numbers, and could prompt a modest fall to 3.6%. Wage growth also saw decent growth in October, pushing up to 6.1%, and the highest level outside the pandemic since 2001. This record looks set to be broken again today in the December numbers, with a rise to 6.3% ex bonuses, and 6.2% without.   Looking behind the headline numbers for wages, we've also seen sizable, localised variations in wage increases, with some areas of the UK seeing average hourly pay rising by over 20% in some instances. The increase in payrolled employee numbers in November, by 107k also appears to suggest that people are returning to the labour market as the rising cost of living alters the economic calculus when it comes to paying the bills. It is expected that December will see another 60k added to that total. .     EUR/USD – last week's move through the June highs at 1.0787, raises the prospect of a move towards 1.0950 which is a 50% retracement of the move from the 2021 highs to last year's lows at 0.9536. A move through 1.0950 opens up a move towards 1.1110. GBP/USD – ran out of steam at 1.2290 yesterday, with the risk that the move above 1.2000 level is running out of steam, despite the decent rebound from the 1.1830/35 area. The next big resistance lies at the 1.2350 area. We need to hold above the 1.2000 area for further gains to unfold. EUR/GBP – slipped back further from 3-month highs at 0.8895 yesterday. Momentum remains positive while above the 0.8820 area, keeping the risk of a move towards the 0.9000 level. Below 0.8820 targets the lows last week 0.8770/80 area. USD/JPY – pulled off the 127.20 area yesterday, just shy of the 126.50 area which is the 50% retracement of the up move from 101.18 to the highs at 151.95. Could squeeze back towards the 130.00 area. Below 126.50 targets the 120.60 area. FTSE100 is expected to open unchanged at 7,860 DAX is expected to open 28 points lower at 15,106 CAC40 is expected to open 10 points lower at 7,033 Email: marketcomment@cmcmarkets.com Follow CMC Markets on Twitter: @cmcmarkets Follow Michael Hewson (Chief Market Analyst) on Twitter: @mhewson_CMC
Rolls-Royce share price has increased by over 60% since the start of the year

FTSE 100, in opposite to British pound, declined on the back of budget announcement

Walid Koudmani Walid Koudmani 15.03.2023 23:56
UK stocks deepend decline after budget announcement While the pound didn't show many signs of reaction to today's budget announcement by Chancellor Hunt, UK stocks took a further dive with the FTSE100 reaching the lowest level since December 2022. Some of this negative sentiment is certainly tied to the prospect of a crisis in the banking sector sparked by the collapse of several high profile US banks but many are now asking themselves how this new budget by the UK government will impact economic prospects moving forward. Furthermore, expectations of inflation have been lowered further from previous estimates to 2.9% which may prompt a modified reaction by the Bank of England as we head to the end of the year. The pound continues to hover around the 1.205 region against the US dollar after the greenback seemed unimpressed with US retail sales and PPI data, but any major news may lead to a significant reaction across asset classes. In conclusion, many of the measures announced today were somewhat expected and certainly were perceived better than the "mini-budget" announcement by the Truss cabinet, which now famously caused a crash in the pound. It remains to be seen how much of it will be able to be implemented as businesses and consumers continue to struggle with cost of living and economic uncertainty.  Read next: Facebook and Instagram parent Meta has announced discontinuing NFT support on mentioned platformed | FXMAG.COM
Nasdaq 100 posted a new one year high. S&P 500 ended the day unchanged

CMC Markets' analyst: Today's European and UK economic data continues to point to a divergence between manufacturing and services

Michael Hewson Michael Hewson 21.04.2023 14:53
It's set up to be a mixed week for markets in Europe with gains for the FTSE100 and the CAC40, with the French index achieving a new record high, while the UK index looks set to gain a foothold back above the 7,900 level, for the first time since the March meltdown in the banking sector. Concerns over the economic outlook appear to be acting as more of a drag on the DAX, even though it still managed to make a fresh 12-month high earlier in the week. Today's economic data from Europe and the UK continues to point to a divergence between manufacturing and services when it comes to economic activity. In France, the unrest over pension reform has seen manufacturing PMI activity slump to 45.5, due to lower output, even as service sector activity has improved to 56.3. inflationary pressures do appear to be easing in manufacturing however these are being offset by rising price pressures in services. It's a similar story in Germany with manufacturing activity slipping to 44, along with easing price pressures. Services activity on the other hand improved to a 12-month high, although pricing pressures remained elevated. Read next: According to Oanda's Kelvin Wong, the latest Japan's economic data don't seem to play in favour of the continuation of ultra-easy monetary policy| FXMAG.COM All in all, this comes across as a glass-half-full story for both when it comes to Q1 GDP, given that services on balance make up a much greater proportion of economic activity for both. There is a chance that Germany may avoid a recession on the basis of the PMI numbers this quarter. Moving onto the UK, after a disappointing end to 2022 consumer spending has picked up since the start of the year. In January retail sales rose 0.9% while the expectation was that we'd see a slowdown in February in the face of soaring food price inflation. What we in fact saw was a better-than-expected rise of 1.1%, although volumes were down from the year before with consumers having to contend with having to pay higher prices to get the same thing. The broader picture for consumer spending is still subdued but it has been notable that Gfk consumer confidence has been improving from the record lows seen at the end of last year, rising to -30 in April, and its highest level since February 2022. What is also helping is that having seen such a bleak autumn, energy prices have fallen faster than expected, and consumers have slightly more disposable incomes to spend on treats like short breaks, and looking further ahead, spending money on a summer break. This also appears to have been reflected in this week's numbers from Jet2 and easyJet. Today's March retail sales numbers have seen a bit of a slowdown, declining more than expected at -0.9%, with the wet weather during the month acting as a broader drag on spending. Some fresh food shortages also meant slightly slower grocery sales. On a 3-month basis, sales volumes rose by 0.6%, in a sign that should be positive for Q1 GDP, while the value of sales also rose, albeit at a faster pace due to higher prices, due to food price inflation which is just shy of 20%. Against this backdrop its more than likely the Bank of England will have to raise rates by another 25bps when they meet next in early May. The pound is slightly weaker but that's more to do with a stronger US dollar than any underlying weakness as a result of disappointing retail sales.  On the flash PMI front for April, it's been a similar story to France and Germany, weaker in manufacturing, slipping to 46.6, and an improvement in services to 54.9. This doesn't change the outlook materially when it comes what the next move for the Bank of England will have to do next month, especially with headline CPI still above 10%, however as the effects of the energy price cap roll off in Q2 the headline number could come down closer to core prices quite quickly by the start of Q3. On the currencies front the Japanese yen is outperforming ahead of next week's Bank of Japan rate decision after the latest March CPI numbers came in at 3.2%, however core prices edged higher from 3.5% to 3.8%. There still appears to be an expectation that there won't be any change to the central bank's yield curve control policy for new central bank governor Kazuo Ueda's first meeting at the helm. This complacency increases the risk of a surprise tweak, or the openness to one given rising core prices. The US dollar is also recovering some of its recent lost ground as it looks to stop a run of 5 consecutive weekly losses, with the biggest gains coming against the commodity currencies of the Norwegian Krone, Australian and Canadian dollar on the back of lower oil and metals prices. This weakness in commodities is weighing on the mining sector today, while defensives are helping the FTSE100 to outperform as we head into the weekend.    Volatility The Just Eat Takeaway share price has seen a volatile few days, jumping around significantly in the wake of earnings news released earlier in the week. Wednesday's gains haven't been sustained and the underlying has been oscillating in a range of close to 7%, with resulting price action sufficient to drive one-day vol to 99.12% against 79.48% for the month. The numbers from AT&T yesterday also rattled the market, with the stock losing more than 10% in the wake of the release. Whilst headline earnings came in ahead of expectations, a significant decline in free cash flow for the quarter appears to have hit sentiment even though the company is confident that this is down to timing and the full-year figure will still hit expectations. Arguably this is underlining the skittish nature of equity markets right now, with one-day vol coming in at 53.71% against 28.35% for the month. CMC's proprietary basket of Eurozone car manufacturers saw significant selling pressure on Thursday, with Mercedes and Porsche coming under pressure. The underlying basket gave back the gains accrued over the last couple of weeks, with one-day vol coming in at 38.8% against 31.75% for the month. And sugar saw another active session with the underlying finally powering through the 25-cent mark that had been repeatedly providing resistance, closing at 25.63 cents per pound. One day vol printed 42.99% against 38.33% for the month.

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