Global indices face pressure as FTSE 100 and DAX 40 decline

IG

The market indices, including the FTSE 100, DAX 40, and Nasdaq 100, are currently facing downward pressure due to the Federal Reserve's hawkish stance on interest rates. This shift in monetary policy has led to a risk-off sentiment among investors, resulting in a significant decline in these major indices.

FTSE 100

The FTSE 100, which had reached a high of 8,389 in early December, is now approaching the psychological threshold of 8,000.

The current market dynamics reflect investor caution as they assess the implications of the Federal Reserve's decisions. Traders are closely monitoring the psychological level of the FTSE 100's approach to 8,000, as a breach could signal further declines or potential reversals.

DAX 40

The DAX 40 is also experiencing losses for the sixth consecutive day, reflecting a broader trend of market unease.

Traders are closely monitoring the struggle of the DAX 40 with 20,000, as a breach could signal further declines or potential reversals.

Nasdaq 100

The Nasdaq 100 has retreated from its record high of 22,132 and has breached its uptrend line. This adjustment has led to potential resistance points at 21,210 and the December 10 low of 21,316.

The current market landscape is characterized by volatility and cautious investor sentiment, driven by the Federal Reserve's recent policy decisions. Traders will need to focus on the performance of the Nasdaq 100 reclaiming its uptrend line as a critical factor to watch.

As the market adjusts to the hawkish Federal Reserve, traders will need to focus on resistance levels and psychological thresholds in their trading strategies. The performance of the FTSE 100 above 8,000, the DAX 40 around 20,000, and the Nasdaq 100 reclaiming its uptrend line will be critical factors to watch.

The current market landscape is characterized by volatility and cautious investor sentiment, driven by the Federal Reserve's recent policy decisions.

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