CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open an account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open an account
✖

European Open: Futures markets open lower as bears retain their grip

Article By: ,  Market Analyst
January 27, 2022 6:29 AM

Asian Indices:

  • Australia's ASX 200 index fell by -132.4 points (-1.9%) and currently trades at 6,829.20
  • Japan's Nikkei 225 index has fallen by -778.65 points (-2.88%) and currently trades at 26,232.68
  • Hong Kong's Hang Seng index has fallen by -625.1 points (-2.57%) and currently trades at 23,664.80
  • China's A50 Index has fallen by -67.95 points (-0.45%) and currently trades at 15,158.36

UK and Europe:

  • UK's FTSE 100 futures are currently down -138.5 points (-1.87%), the cash market is currently estimated to open at 7,331.28
  • Euro STOXX 50 futures are currently down -111 points (-2.67%), the cash market is currently estimated to open at 4,053.60
  • Germany's DAX futures are currently down -359 points (-2.32%), the cash market is currently estimated to open at 15,100.39

US Futures:

  • DJI futures are currently down -398 points (-1.17%)
  • S&P 500 futures are currently down -222.5 points (-1.57%)
  • Nasdaq 100 futures are currently down -59.25 points (-1.36%)

Equity markets continued to sell off overnight with traders having to quickly adjust to their red monitors. The majority of benchmarks fell over -1% with some indices in China and Japan falling over -2%. The Nikkei is a clear underperformer as it also has the stronger yen to contend with.

The short end of the yield curve continued to rise in the US overnight, with the 2-year hitting a fresh high of 1.196%. The Fed signalled they’re on track to move ahead with hikes, with some now speculating five hikes this year. The US dollar moved higher against all expect the yen, driving NZD/USD to a fresh 14-month low and now trades just above 0.6600. New Zealand’s inflation report was overshadowed by the risk-off tone which has continued to sweep its way across global markets. NZD was broadly lower against all majors and the Australian dollar was down against al except the Kiwi.

STOXX 600 – corrective bounce complete?

We noted in a video on Monday that prices were on the cusp of breaking trend support. It fell hard and fast, found support around 455 and a two-day countertrend rally stalled around the monthly S1, just below the broken trendline. Given futures markets are pointing lower then we suspect its two-day bounce has complete its move and prices are now poised to break to new lows.

 

Metals feel the weight of FOMC

Gold suffered its worst session in 18 yesterday, and extended losses overnight. Currently trading around 1815 it looks like bears want to drive this back to 1800, near its 200-day eMA. Silver is currently lower for a fifth consecutive day and trades around 23.30.

Elsewhere in commodities, WTI has pulled back to 86.50 after reaching a high of 88.00 yesterday. Its daily trend structure remains bullish above 82.0

FTSE 350: Market Internals

FTSE 350: 4218.37 (1.33%) 26 January 2022

  • 266 (75.78%) stocks advanced and 81 (23.08%) declined
  • 5 stocks rose to a new 52-week high, 6 fell to new lows
  • 36.18% of stocks closed above their 200-day average
  • 28.49% of stocks closed above their 50-day average
  • 7.69% of stocks closed above their 20-day average

Outperformers:

  • + 8.60% - 4imprint Group PLC (FOUR.L)
  • + 7.39% - International Consolidated Airlines Group SA (ICAG.L)
  • + 6.35% - Baillie Gifford US Growth Trust PLC (USAB.L)

Underperformers:

  • -14.5% - Fresnillo PLC (FRES.L)
  • -9.39% - Quilter PLC (QLT.L)
  • -6.86% - Playtech PLC (PTEC.L)

 

Up Next (Times in GMT)

 

 

How to trade with FOREX.com

Follow these easy steps to start trading with FOREX.com today:

  1. Open a Forex.com account, or log in if you’re already a customer.
  2. Search for the pair you want to trade in our award-winning platform.
  3. Choose your position and size, and your stop and limit levels.
  4. Place the trade.

StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.

StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please ensure you fully understand the risks involved by reading our full risk warning.

FOREX.com is a trading name of StoneX Europe Limited, and FOREX.com/ie is a domain operated by StoneX Europe Ltd, a member of StoneX Group Inc. StoneX Europe Ltd, is a Cyprus Investment Firm (CIF) company registered to the Department of Registrar of Companies and Official Receiver with a Registration Number HE409708, and authorized and regulated by the Cyprus Securities & Exchange Commission (CySEC) under license number 400/21. StoneX Europe is a Member of the Investor Compensation Fund (ICF) and has its registered address at Nikokreontos 2, 5th Floor, 1066 Nicosia, Cyprus.

StoneX Europe Limited is registered with the German Federal Financial Supervisory Authority (BaFin). BaFin registration ID: 10160255

FOREX.com is a trademark of StoneX Europe Ltd, a member of StoneX Group Inc.

The statistical data and the awards received refer to the Global FOREX.com brand.

This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy.

Through passporting, StoneX Europe is allowed to provide its services and products on a cross-border basis to the following European Economic Area ("EEA") states: Austria, Bulgaria, Croatia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

Additionally, StoneX Europe Ltd is allowed to provide Investment and Ancillary Services to the following non-EU jurisdiction: Switzerland.

StoneX Europe Ltd products, services and information are not intended for residents other than the ones stated above.

Tied Agent Information: KQ Markets Europe Ltd with Company No. HE427857.
Address: Athalassas 62, Mezzanine, Strovolos, Nicosia Cyprus.
Services Provided: Reception and Transmission of Orders.
Commencement Date: 06/12/2022
Website: KQ Markets - CFD Trading | KQ Markets

We may pay inducements, such as commissions or fees, to affiliates or third-party introducers for referring clients to us. This is in line with regulatory guidelines and fully disclosed where applicable.

StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation. StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.

© FOREX.COM 2025