FTSE 100 Gives Back Gains, But The Trend Remains The Same
Thursday,03/03/2016|06:06GMTby
DailyFX News
Talking Points The FTSE 100 trend remains short-term bullish above Friday’s low of 6034, but then price is approaching ...
Talking Points
The FTSE 100 trend remains short-term bullish above Friday’s low of 6034, but then price is approaching its 200-day-average, which may inspire the bears to take over.
U.S. ISM Non-Manufacturing is today’s main event and brings enough weight to either make or break the current uptrend.
The FTSE 100 has returned to Tuesday’s breakout level of 6129 and with the trend being bullish above Friday’s low of 6034, some traders may see this pullback as a bullish opportunity.
The next resistance level and equally objective for bullish traders is the January 29 high of 6322. However, the move higher may turn choppy as the FTSE 100 approaches its 200-day- average, now at 6306, and this may encourage traders to enter short positions near its vicinity.
What are Bearish Traders Waiting For?
Traders looking to take advantage of the bearish multi-month trend and the 200-day-average will probably wait for price momentum to turn bearish, something which may happen on a break to Friday’s low of 6034.
In this scenario the FTSE 100 may reach the February 24 low of 5845 followed by the January 20 low of 5598.
Macro-Fundamental Triggers: U.S. ISM Non-Manufacturing
Today’s main event is the U.S. ISM Non-Manufacturing index which carries enough weight to either make or break the current uptrend. A Bloomberg news poll projects an outcome of 53.1 from 53.5 in January. I suspect that the reading must meet expectations for traders to be willing to remain comfortably bullish. On lower than expected figures some traders may head for the exit and drag the FTSE 100 below Friday’s low of 6034, turning the trend bearish.
The U.S. ISM Non-Manufacturing index is important as it gives us clues about the health of the U.S. service sector - the biggest sector of the economy and one which is contributing to growth at a time when the manufacturing sector itself is contracting.
The FTSE 100 trend remains short-term bullish above Friday’s low of 6034, but then price is approaching its 200-day-average, which may inspire the bears to take over.
U.S. ISM Non-Manufacturing is today’s main event and brings enough weight to either make or break the current uptrend.
The FTSE 100 has returned to Tuesday’s breakout level of 6129 and with the trend being bullish above Friday’s low of 6034, some traders may see this pullback as a bullish opportunity.
The next resistance level and equally objective for bullish traders is the January 29 high of 6322. However, the move higher may turn choppy as the FTSE 100 approaches its 200-day- average, now at 6306, and this may encourage traders to enter short positions near its vicinity.
What are Bearish Traders Waiting For?
Traders looking to take advantage of the bearish multi-month trend and the 200-day-average will probably wait for price momentum to turn bearish, something which may happen on a break to Friday’s low of 6034.
In this scenario the FTSE 100 may reach the February 24 low of 5845 followed by the January 20 low of 5598.
Macro-Fundamental Triggers: U.S. ISM Non-Manufacturing
Today’s main event is the U.S. ISM Non-Manufacturing index which carries enough weight to either make or break the current uptrend. A Bloomberg news poll projects an outcome of 53.1 from 53.5 in January. I suspect that the reading must meet expectations for traders to be willing to remain comfortably bullish. On lower than expected figures some traders may head for the exit and drag the FTSE 100 below Friday’s low of 6034, turning the trend bearish.
The U.S. ISM Non-Manufacturing index is important as it gives us clues about the health of the U.S. service sector - the biggest sector of the economy and one which is contributing to growth at a time when the manufacturing sector itself is contracting.
Clearstream to Settle LCH-Cleared Equity Contracts
CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution
CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of metals demand and market volatility.
Delijergijevs offers a desk-level view on:
- Metals Demand: Why metals are seeing the strongest demand from both retail and institutional clients right now.
- The Safe-Haven Debate: Questioning whether gold still fits the classic safe-haven definition given large daily price movements.
- Volatile Market Prep: How a market-making desk prepares its systems and pricing for stressed market conditions and high-impact economic events.
- Hybrid Execution: Why the best execution model combines electronic speed with human relationship support, especially during volatility.
- AI in Workflow: Where CMC Markets is integrating machine learning for risk management and pricing, and the limitations of AI during stressed markets.
- Dubai's Role: The strategic importance of Dubai’s location for covering global trading sessions across Asia, Europe, and the US.
Watch to understand how CMC Markets maintains stable pricing and reliable execution quality in high-volatility environments.
#CMCmarkets #forex #metals #gold #trading #volatility #MarketMaking #iFXDubai #FinanceMagnates #Finance #Fintech #Execution #AlgorithmicTrading #RiskManagement
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
