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The FTSE 100, DAX 40, and Nasdaq 100 are experiencing downward pressure following a hawkish interest rate cut by the Federal Reserve. The FTSE 100 is approaching the psychological 8000 mark, while the DAX 40 is on track for its sixth consecutive day of losses. The Nasdaq 100 has retreated from its record high, with potential resistance now at 21,210.
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The FTSE 100 remains in a sideways trend, trading below its November high of 8319 but above the 55-day SMA at 8231, with resistance expected between 8326 and 8372. The DAX 40 is close to its all-time high, having reached 19,681, just below the October record of 19,683, with potential support around 19,566 to 19,547. Meanwhile, the Nasdaq 100 is experiencing low volatility post-Thanksgiving, with resistance at 21,003 and support around 20,744 to 20,753, while the uptrend line at 20,655 may provide further support if needed.
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