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CFDs are complex instruments. 71% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

​​Nasdaq 100 struggles to rally and FTSE 100 remains stuck in a range​

While US indices have come under pressure, the FTSE 100 continues to move sideways.

US indices Source: Adobe images

​​​Nasdaq 100

​Repeated attempts to rally yesterday were beaten back, as the downward move from the Nasdaq 100 Wednesday high continued. The selling has halted overnight around 19,800, but buyers will need a close back above 20,000 to suggest that the move higher from a week ago is still intact. Renewed declines target 19,400, and then on to the March lows.

Nasdaq 100 chart Source: IG
Nasdaq 100 chart Source: IG

​FTSE 100

​The FTSE 100 index continues to drift sideways, with buyers still defending the area above 8600, but no sign of a push above 8700 to clear resistance from Tuesday and Wednesday. A clear idea of the next possible move awaits a break of this range.

FTSE 100 chart Source: IG
FTSE 100 chart Source: IG

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