Global Markets Steady Ahead of US Non-Farm Payrolls Data Release

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The FTSE 100 has recently reached a high point of 8389, which is just below the peak in October at 8397. After this, it entered a phase of range trading.

There are key resistance levels between 8404-8419, and if these levels are surpassed after the upcoming US non-farm payrolls, the index could potentially reach 8500. There is minor support between the recent highs of 8326-8319, and the last reaction lows at 8311 also support the short-term uptrend.

The DAX 40 is currently experiencing its seventh consecutive daily gain. There is minor support around the recent highs of 20,264 and lows of 20,197. The psychological level of 20,000 is a significant support level, followed by the October peak at 19,683, indicating a strong upward momentum in the German index.

On the other hand, the S&P 500 continues to set new record highs, currently at 6094. Traders are anticipating increased volatility after the release of US employment data on Friday. Resistance is noted at 6107, while support is at the November peak of 6026. The market is poised for potential shifts based on these key economic indicators.

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