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Indices remain mixed into the end of the week and latest US jobs report. The UK UK Index is flat, off fresh 5-month highs as Sterling recovers from yesterday’s dovish BoE hike lows. Wall St remains close to another overnight record after Apple results and an uneventful Fed Chair nomination. Germany’s DAX outperforms thanks to USD strength (expecting wages data supportive of another December hike) pushing the EUR lower.
The UK 100 sees positive contributions from RDSB (its yesterday’s results, Repsol’s today, fresh highs), HSBC & DGE (extending bounces) and NMC (fresh record highs) offset the drag from LLOY (dovish BoE), BLT/RIO (stronger USD), BP (oil off highs) and defensives VOD & IMB. Germany’s DAX is led by Infineon Tech (Apple results, iPhone launch), Deutsche Telekom (revival of Sprint/T-Mobile talks), Bayer and ProSeiben.Sat1 countering declines for Commerzbank and Lufthansa (AF/IAG read-across?)
The UK Index 100 has pulled back to 7550. The DAX 30 have pulled back to rising support at 13450. The Dow Jones Futures continue to push fresh record highs. Gold trades back towards rising support at $1273.
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The UK Index 100 has pulled back to 7550.
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 have pulled back to rising support at 13450.
Watch levels: Bullish 13480, Bearish 13,450
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
Dow Jones Futures continue to push fresh record highs, although at a slower pace and with the RSI signalling negative divergence
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 trades back towards rising support at $1273.
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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