Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
FTSE 100 May Be On Verge Of Trading Higher

FTSE 100 May Be On Verge Of Trading Higher

Alejandro Zambrano, Market Analyst

Talking Points

  • The FTSE 100 has remained rangebound since Friday’s better than expected Non-Farm Payrolls, and now looks ready to trade higher on the back of this.
  • We will continue to watch the high of 6011, as a break to this level may suggest that the trend has turned bullish
  • Chinese trade data published overnight adds a bit more of a bullish feel to the market

Losing Money Trading? This Might Be Why

The FTSE 100 has stabilised after last week’s slide and is now trading below its Non-Farm Payrolls’ high of 6011. A break to this level may trigger a rally to the January 5 high of 6164, with this week’s low of 5847 potentially turning into a multi-day low. We note that the NFP outcome was 293K vs. 200K forecasted by Bloomberg, and that the FTSE 100 has so far not taken this into account. For the trend to turn bearish, a break to this week’s low of 5847 is needed.

Chinese trade balance published overnight rose to 382.05bn CNY vs. the 338.80 expected, while exports rose by 2.3% YoY (CNY) vs. a -4.1% expected. Imports declined by -4% YoY vs. the -7.9% expected. This adds a bit of a bullish feel to the market with some economists stating that it’s the last few months of softer Chinese Yuan which is spurring the better numbers, while others are maintaining that it’s too early to know if this momentum will be able to be sustained.

Data on tap this morning is E.U. Industrial production which is expected to rise by 1.3% YoY (WDA). A better than expected reading may add to the bullish sentiment. The Fed’s Beige Book is also on tap this evening. See our economic calendar.

FTSE 100 | FXCM: UK100

Please add a description for the image.

Created with Marketscope/Trading Station II; prepared by Alejandro Zambrano

--- Written by Alejandro Zambrano, Market Analyst for

Contact and follow Alejandro on Twitter: @AlexFX00

Learn more about trading and join a London Seminar

To be added to Alejandro’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.