FTSE 100: The Sluggish Price Action Continues to Dominate
Monday,21/03/2016|06:26GMTby
DailyFX News
Talking Points The FTSE 100 is short-term bullish above 6006 and a break to this level could turn the ...
Talking Points
The FTSE 100 is short-term bullish above 6006 and a break to this level could turn the trend bearish.
Chicago Fed Nat Activity Index and U.S. Existing Home Sales on deck today and forecasted at 0.25 and +2.9% MoM respectively (Bloomberg news poll).
The FTSE 100 has kept a sluggish upward bias over the last few weeks, a trend which may continue, as long as price trades above the March 10 low of 6006.
On a rising trend, price tends to seek out the next resistance level, which is now the December 29 high of 6321. This may be a target for bullish traders.
For the technical trend to turn bearish and bullish traders to abandon their view, price would need to break its upward momentum, something which may happen on a break to the March 10 low of 6006. If the bullish trend was to end, price could fall to the February 24 low of 5843, as it is the next major level where prices have found support beyond the March 10 low.
Given the above reasoning we note that the March 10 low of 6006 is important for both bullish and bearish traders. The bullish traders may see corrections towards the 6006 level as short-term in nature and thereby as an opportunity to add to their exposure. The bearish traders will probably wait for a clean break to the 6006 low and as such a break may prelude even lower prices in the coming days ahead.
Data on deck which may influence the FTSE 100 is the Chicago Fed Nat Activity Index and the U.S. Existing Home Sales. The former is expected to project a decline to 0.25 from 0.28 by a Bloomberg news poll, while the latter is expected to project a decline by 2.9% MoM from +0.4% in January.
The FTSE 100 is short-term bullish above 6006 and a break to this level could turn the trend bearish.
Chicago Fed Nat Activity Index and U.S. Existing Home Sales on deck today and forecasted at 0.25 and +2.9% MoM respectively (Bloomberg news poll).
The FTSE 100 has kept a sluggish upward bias over the last few weeks, a trend which may continue, as long as price trades above the March 10 low of 6006.
On a rising trend, price tends to seek out the next resistance level, which is now the December 29 high of 6321. This may be a target for bullish traders.
For the technical trend to turn bearish and bullish traders to abandon their view, price would need to break its upward momentum, something which may happen on a break to the March 10 low of 6006. If the bullish trend was to end, price could fall to the February 24 low of 5843, as it is the next major level where prices have found support beyond the March 10 low.
Given the above reasoning we note that the March 10 low of 6006 is important for both bullish and bearish traders. The bullish traders may see corrections towards the 6006 level as short-term in nature and thereby as an opportunity to add to their exposure. The bearish traders will probably wait for a clean break to the 6006 low and as such a break may prelude even lower prices in the coming days ahead.
Data on deck which may influence the FTSE 100 is the Chicago Fed Nat Activity Index and the U.S. Existing Home Sales. The former is expected to project a decline to 0.25 from 0.28 by a Bloomberg news poll, while the latter is expected to project a decline by 2.9% MoM from +0.4% in January.
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Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
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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
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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
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* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
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➡️ 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
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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/
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- Altima's unified, event-driven solution architecture
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- Built-in risk management in Altima Prop
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Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
