FTSE 100, DAX 40 and NASDAQ 100 remain under pressure
FTSE 100, DAX 40 and NASDAQ 100 remain under pressure after hawkish Fed rate cut.
FTSE 100 drops towards the 8,000 mark
The FTSE 100 comes further off its 8,389 early December high amid risk-off sentiment with the psychological 8,000 being back in sight, together with the 7,995 November low.
Good resistance can now be seen between the September low at 8,153 and the 8,183-to-8,196 late September and early October lows.
DAX 40 on track for sixth straight day of losses
The German DAX 40 is on track for its sixth straight day of falling prices and is fast approaching its October highs at 19,683-to-19,463 which may offer support. If not, the early November high at 19,566 may do so.
Minor resistance can be found at Wednesday's 19,923 low and around the psychological 20,000 mark.
NASDAQ 100 gives back gains post hawkish Fed cut
The NASDAQ 100 is seen swiftly coming off its 22,132 record high following the Federal Reserve's (Fed) hawkish cut and has slid through its August-to-December uptrend line at 21,210 which should now act as potential resistance. Further minor resistance sits at the 10 December low at 21,316.
A fall through Thursday's 20,919 low would put the late October high at 20,652 on the map. Below it lies the 20,499 mid-October peak.
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