Outlook on FTSE 100, DAX 40 and CAC 40 as large outflows continue to weigh on these major indices
GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since May 14, 2024 when GBP/USD traded near 1.26.Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.03% US 500...
The UK blue chip index is trading back above its 55-day simple moving average at 8,170 with Thursday’s high at 8,220 being in focus. The 55-day simple moving average at 18,347 is being revisited, above which lies a minor resistance area at 18,361 to 18,379.The French CAC 40 index continues to see huge outflows in the wake of its upcoming snap legislative elections, announced on Sunday by President Emmanuel Macro due to far right parties receiving more votes than his party in the European elections.
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