{"id":13036,"date":"2025-05-07T11:52:47","date_gmt":"2025-05-07T11:52:47","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=13036"},"modified":"2025-05-08T13:58:26","modified_gmt":"2025-05-08T13:58:26","slug":"ftse-100-outlook-7th-may","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/","title":{"rendered":"FTSE 100 Outlook: Bullish Momentum Building Toward Wave (iii) \u2013 Targeting 9300"},"content":{"rendered":"\n

The FTSE 100 (UKX) continues to display impressive resilience, playing strongly to the upside and currently forming what appears to be a developing Elliott Wave (iii)<\/strong>. Based on the chart structure, this third wave targets the 9300 level<\/strong>, aligning with typical wave extension characteristics in bullish impulsive structures.<\/p>\n\n\n\n

Technical Analysis (Elliott Wave Perspective)<\/strong><\/h3>\n\n\n\n
\"\"<\/figure>\n\n\n\n
    \n
  • The recent recovery off the lows in early April (labelled as wave (iv)) appears to have marked the beginning of a new five-wave impulse.<\/li>\n\n\n\n
  • Wave i<\/strong>, ii<\/strong>, and now iii<\/strong> are unfolding as per classic Elliott Wave rules.<\/li>\n\n\n\n
  • The minor pullback currently underway likely marks wave iv<\/strong> within this larger wave (iii).<\/li>\n\n\n\n
  • If this count holds, we are positioned to rally towards the 9300<\/strong> area before a larger correction sets in.<\/li>\n<\/ul>\n\n\n\n

    Fundamental Tailwinds Boosting Sentiment<\/strong><\/h3>\n\n\n\n

    Several geopolitical and macroeconomic developments are providing fundamental support:<\/p>\n\n\n\n

    Sterling Stability and Political Optimism<\/strong><\/h4>\n\n\n\n

    Sterling is trading steadily, and political undercurrents are supportive:<\/p>\n\n\n\n

      \n
    • A UK-India trade deal<\/strong> was finalized yesterday, boosting investor sentiment around trade liberalisation.<\/li>\n\n\n\n
    • Speculation is heating up around a potential US-UK trade deal<\/strong> this week. Even partial reductions in tariffs\u2014especially the 25% rate on cars and steel<\/strong>\u2014would be a win for UK manufacturing and the FTSE 100’s industrial components.<\/li>\n<\/ul>\n\n\n\n

      Upcoming UK-EU Summit \u2013 19 May<\/strong><\/h4>\n\n\n\n
        \n
      • The first UK-EU summit since Brexit<\/strong> is set for 19 May. Historically, warming relations with the EU correlate with sterling rallies<\/strong> and positive FTSE 100 performance due to reduced trade uncertainty.<\/li>\n<\/ul>\n\n\n\n

        Sectoral Implications<\/strong><\/h3>\n\n\n\n
          \n
        • Industrials and Automotives<\/strong>: Tariff reductions could lift stocks in the car and steel industries.<\/li>\n\n\n\n
        • Financials<\/strong>: Stability in sterling supports FTSE-listed banks with international exposure.<\/li>\n\n\n\n
        • Exporters<\/strong>: A trade deal could benefit export-heavy companies through expanded market access.<\/li>\n<\/ul>\n\n\n\n
          \n\n\n\n

          Conclusion:<\/strong>
          With both the Elliott Wave structure and fundamental backdrop aligning, the FTSE 100 looks poised for continued upside. The target into wave (iii) remains 9300<\/strong>, supported by technical momentum and positive geopolitical shifts.<\/p>\n","protected":false},"excerpt":{"rendered":"

          FTSE 100 surges toward 9300 as bullish wave (iii) unfolds, fueled by trade optimism and political tailwinds.<\/p>\n","protected":false},"author":162,"featured_media":13038,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-13036","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"\nFTSE 100 Outlook: Bullish Momentum Building Toward Wave (iii) \u2013 Targeting 9300 - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"FTSE 100 climbs toward 9300 amid bullish wave (iii), backed by UK-India deal, US trade hopes, and EU summit optimism.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTSE 100 Outlook: Bullish Momentum Building Toward Wave (iii) \u2013 Targeting 9300 - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"FTSE 100 climbs toward 9300 amid bullish wave (iii), backed by UK-India deal, US trade hopes, and EU summit optimism.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/\" \/>\n<meta property=\"og:site_name\" content=\"Alchemy Markets\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-08T13:58:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/20250507_1250_Sunny-Day-at-LSE_simple_compose_01jtn97ne2ewks5tp6tde8g6dy-1024x683.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Ber\u00e4knad l\u00e4stid\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minuter\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FTSE 100 Outlook: Bullish Momentum Building Toward Wave (iii) \u2013 Targeting 9300 - Alchemy Markets","description":"FTSE 100 climbs toward 9300 amid bullish wave (iii), backed by UK-India deal, US trade hopes, and EU summit optimism.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/","og_locale":"sv_SE","og_type":"article","og_title":"FTSE 100 Outlook: Bullish Momentum Building Toward Wave (iii) \u2013 Targeting 9300 - Alchemy Markets","og_description":"FTSE 100 climbs toward 9300 amid bullish wave (iii), backed by UK-India deal, US trade hopes, and EU summit optimism.","og_url":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/","og_site_name":"Alchemy Markets","article_modified_time":"2025-05-08T13:58:26+00:00","og_image":[{"width":1024,"height":683,"url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/20250507_1250_Sunny-Day-at-LSE_simple_compose_01jtn97ne2ewks5tp6tde8g6dy-1024x683.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Ber\u00e4knad l\u00e4stid":"2 minuter"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/","url":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/","name":"FTSE 100 Outlook: Bullish Momentum Building Toward Wave (iii) \u2013 Targeting 9300 - Alchemy Markets","isPartOf":{"@id":"https:\/\/alchemymarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/#primaryimage"},"image":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/#primaryimage"},"thumbnailUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/20250507_1250_Sunny-Day-at-LSE_simple_compose_01jtn97ne2ewks5tp6tde8g6dy.png","datePublished":"2025-05-07T11:52:47+00:00","dateModified":"2025-05-08T13:58:26+00:00","description":"FTSE 100 climbs toward 9300 amid bullish wave (iii), backed by UK-India deal, US trade hopes, and EU summit optimism.","breadcrumb":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/#breadcrumb"},"inLanguage":"sv-SE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/"]}]},{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/#primaryimage","url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/20250507_1250_Sunny-Day-at-LSE_simple_compose_01jtn97ne2ewks5tp6tde8g6dy.png","contentUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/05\/20250507_1250_Sunny-Day-at-LSE_simple_compose_01jtn97ne2ewks5tp6tde8g6dy.png","width":1536,"height":1024},{"@type":"BreadcrumbList","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/chart-of-the-day\/ftse-100-outlook-7th-may\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/alchemymarkets.com\/"},{"@type":"ListItem","position":2,"name":"Market Insights","item":"https:\/\/alchemymarkets.com\/education\/market-insights\/"},{"@type":"ListItem","position":3,"name":"FTSE 100 Outlook: Bullish Momentum Building Toward Wave (iii) \u2013 Targeting 9300"}]},{"@type":"WebSite","@id":"https:\/\/alchemymarkets.com\/#website","url":"https:\/\/alchemymarkets.com\/","name":"Alchemy Markets","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/alchemymarkets.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"sv-SE"}]}},"_links":{"self":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights\/13036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights"}],"about":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/types\/market_insights"}],"author":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/users\/162"}],"replies":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/comments?post=13036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media\/13038"}],"wp:attachment":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media?parent=13036"}],"wp:term":[{"taxonomy":"market_insights_categories","embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights_categories?post=13036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}