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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

FTSE 100, DAX 40 and S&P 500 are taking a breather ahead of NVIDIA earnings​​

​​​​FTSE 100, DAX 40 and S&P 500 are taking a breather ahead of NVIDIA earnings​​ on Wednesday and US PCE as well as European inflation reports out on Friday.​

DAX 40 Source: Adobe images

​​​FTSE 100 bid after Bank holiday weekend

​The FTSE 100 has resumed its advance and nears its mid-August high at 8,374. Further up lies the early August peak at 8,404 which also remains in sight.

​Immediate upside pressure should be maintained while last week’s low at 8,240 holds. Below it meanders the 55-day simple moving average (SMA) at 8,224.

FTSE 100 chart Source: IT-Finance.com
FTSE 100 chart Source: IT-Finance.com

​DAX 40 grapples with resistance line

​The DAX 40's strong rally from its early August low at 17,021 has taken it above the late July high of 18,580 to the May-to-August resistance line at 18,674. Further up lie the June-to-July peaks at 18,786-to-18,782.

​Potential slips should find initial support around the 20 August high at 18,498.

DAX 40 chart Source: IT-Finance.com
DAX 40 chart Source: IT-Finance.com

S&P 500 side-lined 1% below July record high

​The S&P 500's rally from the 5 August low at 5,091, last week ending just shy of a 20-year winning streak, has reached 5,650 as of Monday and thus trades within a percent of its all-time high at 5,669, made in July.

​While last week’s low at 5,562 holds, the immediate uptrend remains intact.​​

S&P 500 chart Source: IT-Finance.com
S&P 500 chart Source: IT-Finance.com

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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