Wednesday’s bounce for the Dow puts it back on course for 40,000, while the Nasdaq 100’s miserable week continues. Buyers have once again stepped in to halt further losses for the Hang Seng.
This would put the price back above trendline support from January’s low and point the way to more upside. Sellers will need a close below 16,300 to suggest a bearish view prevails again.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow and Nikkei 225 Hit Fresh Records, with Nasdaq 100 Following Close BehindStocks rallied in the wake of the Fed meeting, and seem poised for further gains.
Read more »
Dow and Nasdaq 100 Find Support While Nikkei 225 Tiptoes LowerIndices wobbled on Monday, but US futures are pointing towards a stronger open.
Read more »
Dow Holds Steady and Hang Seng Drops, but Nikkei 225 Rally ContinuesThe Nikkei 225 rallied after the Bank of Japan raised rates out of negative territory. Meanwhile, the Dow little-changed and the Hang Seng has come under fresh pressure.
Read more »
Dax and Dow Drift Down, while Hang Seng Remains under PressureThe Dax is under pressure as it awaits the ECB’s latest decision, and the Dow is also moving lower. Meanwhile, the Hang Seng continues to fall back from its recent high.
Read more »
Dax and Dow Fall Back Further, while Hang Seng’s Latest Leg Lower Gathers PaceWhile the German and US indices have dropped back from previous highs, the Hang Seng is falling sharply.
Read more »
FTSE 100 at Three Month Highs, Dow and Nasdaq 100 Move Higher Despite Hotter US InflationThe FTSE 100 has enjoyed a solid start to the week, while even a hotter US inflation reading has not been able to stop the rally in US markets.
Read more »