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Equity markets are flat to lower despite impressive European macro data (UK PMI Services at 12 month high and Eurozone PPI positive for first time since mid-2013) as continued US Dollar weakness hampers the UK Index ‘s corporates and the DAX’s exporters. Despite coming off its lows after a mixed reading of the Fed’s December meeting minutes last night (Hawkish or apprehensive of Trump policies?) the USD remains a way off Tuesday’s 14-year high reading; apprehensiveness ahead of tomorrow’s jobs report could be to blame. A special note should be made of the UK 100 having reached a fresh all-time high as the UK Housebuilders sector reacts favourably to Persimmon’s FY trading update.
The UK 100 improved on Tuesday’s 7206 mark to post a fresh all-time high at 7210 earlier before easing back. The DAX 30 is pulling off slightly after an early morning rally to 11595 highs despite positive European macro data. Dow Jones Futures have bounced from 19900 to continue the 2017 uptrend. Gold has fallen slightly from one month highs of $1179.50 as the Dollar recovers from its lows after the metal’s overnight $1165 breakout.
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The UK 100 improved on Tuesday’s 7206 mark to post a fresh intraday all-time high at 7210 earlier before easing. Could a bounce at week-long 7180 rising lows support see another notch in the belt before market close?
Watch levels: Bullish 7205, Bearish 7175
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
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The DAX 30 is pulling off slightly after an early morning rally to 11595 highs despite positive European macro data. Another bounce at 11540?
Watch levels: Bullish 11600, Bearish 11535
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
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Dow Jones Futures have bounced from 19900 to continue its 2017 uptrend.
Watch levels: Bullish 19950, Bearish 19870
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Gold has fallen slightly from one month highs of $1179.50 as the Dollar recovers from its lows after the metal’s overnight $1165 breakout.
Watch levels: Bullish $1180, Bearish $1170
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
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