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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Indices' gains stall after strong start to the week

The gains of Monday and Tuesday have turned into a more static market environment, with caution developing as the Jackson Hole meeting nears.

Source: Bloomberg

FTSE 100

Gains for the FTSE 100 have stalled over the past three days; the price hovering around 7110 for the time being.

The strong thrust seen in other markets has been weaker here, with further to go until the price can reclaim the August highs above 7200.

So far the downside is contained, suggesting this is consolidation rather than anything else. A move below 7036 would negate that view.

Source: ProRealTime

DAX

A gentle move higher here has seen the price make further inroads towards 16,000, although a fresh close above this level has yet to take place.

The bounce from the 50-day simple moving average (SMA) of 15,667 remains intact, and for the time being there is very little strength in the bearish thesis.

Source: ProRealTime

S&P 500

This index has headed back to record highs very quickly, as might be expected from its solid performance this year.

A fresh move towards 4500 seems likely, while bearish price action has yet to develop on the daily chart.

As with the Dax, the bounce from the 50-day SMA (4369) is intact.

Source: ProRealTime

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