financetom
News
financetom
/
News
/
​​​​​Dow, CAC40 and Nikkei 225 Begin to Push Higher
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
​​​​​Dow, CAC40 and Nikkei 225 Begin to Push Higher
Apr 9, 2024 3:11 AM

Dow Jones, CAC 40, and Nikkei 225 - Prices, Charts, and Analysis

Download your free copy of the Q2 Equities Forecast today and gain the insights you need to make informed trading decisions.

Recommended by Chris Beauchamp ​​​Dow stabilises on a quiet day

​The index slumped last week but saw buyers on Friday in the wake of the payrolls report. A quiet session on Monday saw little movement, but crucially buyers have been able to prevent any further short-term downside.​A close back above 39,000 could help suggest that a low is in place, and might then result in a push towards 40,000.

​39,500 has acted as an area of support since mid-February, so a close below this could mark the start of more short-term weakness.

Dow Jones Daily Chart

​CAC 40 looks for further gains

​Friday and Monday saw the index recover after dropping back at the end of March. ​A higher low appears to have been created and remains in place unless the price can manage a close back below 8000 and below the previous highs around 7977.

​Additional gains would target the highs from the end of March at 8260.

CAC 40 Daily Chart

Market sentiment shifting? Our exclusive data gives you the edge. Make informed trades with confidence.

France 40 Bearish Data provided by of clients are net long. of clients are net short.

Change in Longs Shorts OI
Daily 13% 5% 7%
Weekly 26% -3% 2%
What does it mean for price action? ​Nikkei 225 heads higher

​After bottoming out last week the index has made further gains, opening above the 50-day simple moving average (SMA).​Additional upside would see the price head towards the March highs at 41,160, while above this the price will move into new record high territory.

​​A higher low has been created, maintaining the bullish view, and it would need a close below 38,760, last week’s lows, to open the way to the early March lows at 38,280.

Nikkei 225 Daily Chart

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US dollar extends losses to five-week trough on US debt concerns
US dollar extends losses to five-week trough on US debt concerns
May 26, 2025
The US dollar fell in European trade on Monday against a basket of major rivals, hitting a five-week trough amid concerns about the US debt levels. Now investors await important remarks by several Fed officials as they look for more clues on the odds of multiple Fed rate cuts this year. The Index The dollar index fell 0.4% to 98.69,...
Euro hits four-week high before Lagarde's remarks
Euro hits four-week high before Lagarde's remarks
May 26, 2025
The euro rose in European trade on Monday against a basket of major rivals, extending gains for the second straight session against the dollar and hitting a four-week high as US President Donald Trump gave the EU another chance to reach a trade deal. Recent eurozone inflation data led to divisions between European Central Bank policymakers on the decision to...
Japanese yen expands gains to four-week high in a strong start
Japanese yen expands gains to four-week high in a strong start
May 26, 2025
The Japanese yen rose in Asian trade on Monday against a basket of major rivals, expanding gains for the second straight session against the dollar and hitting a four-week high on haven demand amid concerns about US debt levels following Trumps tax reform bill. The gains are boosted as well by increasing inflationary pressures on Bank of Japans policymakers, which...
Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
Copyright 2023-2025 - www.financetom.com All Rights Reserved