Read more
4:50 PM · 29 August 2023

DE30 and US500 near key levels!

US500
Indices
-
-

Stock market indices are trading higher today with gains accelerating during the US cash trading session. This a result of a release of weak data from the United States. Namely, Conference Board consumer confidence index for August and JOLTS report on job openings for July. Huge miss in job openings is especially important as it is one of jobs market gauges that Fed watches closely.

Hawkish bets in money markets began to be trimmed with US yields also dropping following data release. This has allowed for a dovish reaction on the stock markets with German DE30 and US500 nearing key psychological levels.

DE30

German DAX futures (DE30) are trading at 2-week highs, just a touch below 16,000 pts mark. The 16,000-16,050 pts area may offer some resistance especially as it is strengthened by a 50-session moving average (green line). Nevertheless, a key resistance to watch can be found in the 16,300 pts and is a final hurdle before all-time highs.

Source: xStation5

US500

S&P 500 futures (US500) are testing the resistance zone ranging below 4,500 pts mark. This resistance zone, apart from being marked with 50-session moving average and previous price reaction, also serves as a shoulderline of a potential head and shoulders pattern. A failure to break above and a subsequent drop below 4,370 pts support (neckline) may herald a deeper drop.

Source: xStation5
 

14 November 2025, 4:42 PM

US Earnings Season Summary 🗽What the Latest FactSet Data Shows

14 November 2025, 4:28 PM

3 markets to watch next week (14.11.2025)

14 November 2025, 4:06 PM

US Open: US100 initiates rebound attempt 🗽Micron shares near ATH📈

14 November 2025, 10:28 AM

DE40: European markets extend decline

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits