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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.

 

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Video content by Michael Hewson of CMC Markets

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