Tech stocks have powered gains for the Nasdaq 100 and the Nikkei 225, but the Dow’s more mixed performance continues.
Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18.Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.01% 🇬🇧GBP: -0.0...The index has edged higher over the past week, but an attempt to make strong gains yesterday was knocked back. This contrasts with the100, which continue to make new highs.
The past week has seen the index march higher, moving through 20,000, with no sign of a reversal as yet. Money continues to flow into the big-name tech stocks, which have driven the index, and the S&P 500, to new highs over the past week. While the price continues to move away from the 50-day SMA , the buyers remain firmly in charge.
Sellers have been firmly shut out of this index over the past three weeks, though a close below the previous high at 40,574 might indicate that the price has moved into a consolidation phase.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.
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