Indices are at the Track

Indices are at the Track

2022-11-22 • Updated

US markets rallied late on Thursday, helping to restore risk sentiment in early trading today. Stocks ended the week on a positive note, with European stocks posting a two-day decline driven by the Federal Reserve's plan to tighten monetary policy aggressively.

FTSE 100 aims for February highs

The index has overcome mid-week weakness, rising from the lows of each of the previous three sessions, and is now coming back to the February highs at 7700.

UK100 copes far better than its continental European peers lately, reclaiming much of the ground it lost in the February and March crashes and avoiding any signs of a new downward reversal.

A renewed bullish momentum would seem to be beckoning, especially after the index breaks through its February highs. From here, the 2018 all-time high at 7903 becomes the next big target, a remarkable recovery both from March 2022 low and from the sub-5000 level seen during the pandemic.


DE30 backed by dip buyers

It appears that buyers have come to save the DAX30 from falling further, at least for now.

The pullback from the late March high appears to have been halted, with the index finding support at 14,000. After the recovery from this level, the level of 15,000 will come into view, and the movement above this level will continue the recovery of losses incurred in February.

Sellers will need to see the price fall below this week's lows at 14,026, which will revive expectations of further losses and suggest that the late March high is a lower high and part of a bearish trend.

European markets continue to struggle due to their proximity to the Russian economy and fears that the conflict in Ukraine could spread.

While the FTSE 100 has benefited from its heavy oil and mining contingent, companies in the DAX feels the impact of higher prices and reduced supply, which continues to squeeze margins.


S&P 500 rises after a late recovery

Yesterday's recovery in the S&P 500 meant that the price opened above the 200-day simple moving average (SMA), reversing some of the bearish trends that was building up after pulling back from the high at the end of March.

Additional gains here are now targeting January record highs at 4800. A bearish view is on hold for now, and a move below this week's lows at 4450 is needed to suggest a new downside.


The US reporting season is on the way. While further gains are expected, investors will watch for comments about inflation, shrinking margins hurting profitability and weakness in consumer spending due to higher commodity prices.

Now that an immediate post-pandemic recovery isn’t a problem, the question is whether the indices can hold at these levels or whether a worsening economic outlook will make further gains more difficult.



Top Stocks to Trade this Earnings Season
Top Stocks to Trade this Earnings Season

The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.

Top Stocks to Invest in 2023
Top Stocks to Invest in 2023

The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.

Latest news

SEC Crackdown and the future of Crypto
SEC Crackdown and the future of Crypto

Are you aware of the recent crackdown by the SEC on major cryptocurrency exchanges, Binance US and Coinbase? Surprisingly, savvy Bitcoin traders seem unfazed, as options-based implied volatility metrics indicate. It appears that the lawsuits were anticipated and already factored into the market. Implied volatility reflects investors' expectations of price turbulence, but little evidence of heightened concern exists.

US Dollar at Crucial Zone: What Next?
US Dollar at Crucial Zone: What Next?

Let's dive into the recent debt ceiling saga in the US and its implications for the economy, deficit, and inflation. The good news is that a new debt deal is on the horizon, saving us from a potential default on June 5. Phew! This deal will impact the economy by providing stability and avoiding a financial catastrophe.

CAD Outlook Ahead of BoC Overnight Rate
CAD Outlook Ahead of BoC Overnight Rate

Get ready for some suspense as the Bank of Canada faces a tough decision on whether to raise interest rates or keep them on hold. The resilient Canadian economy and the goal of curbing inflation further are at the heart of this dilemma. While some money markets and economists predict another rate hike, others believe the central bank should exercise caution and wait, hinting at a possible increase later in the summer.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera