Dow Jones Remains in Uptrend Despite Fed Tapering Concerns
Following Ben Bernanke’s suggestion that the Federal Reserve will consider tapering its asset purchases, Michael Hewson’s video analysis looks at whether the market reaction has been overdone:
- S&P 500 – If 1535 level breaks then we could target 1400
- Dow Jones – Has seen a bearish engulfing month but remains within broader uptrend
- Copper – Hitting 2011 lows on Chinese growth concerns
The trading video also considers other popular spread betting markets including the UK 100, the DAX 30, US bonds, USD/JPY, AUD/USD and Gold.
Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.
Video content by Michael Hewson of CMC Markets
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