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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.

​​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

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa 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. See full non-independent research disclaimer and quarterly summary.

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