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Equities have made an upbeat start to the week in Europe, in spite of USD weakness (and thus GBP and EUR strength), and US Futures suggest a sharply higher open on Wall St this afternoon. Corporate results continue to be released, but the combination of political speeches on Brexit (Corbyn, Lidington, Fox, Barnier, May), US data (GDP, Income & Spending) and central bankers (ECB’s Draghi, Fed’s Powell) are likely to dominate this week as we head into an exciting Italian general election.
The UK 100 is positive thanks to the contribution from ULVR/RB (Consumer staples bounce), BHP/RIO/GLEN/AAL (weaker GBP, metals up), BP (weaker USD, higher oil) and ABF (trading update), easily offsetting minimal drag from HSBC (no buyback; Guardian reports Sir Philip Green asked HSBC to help him find a buyer for Arcadia), SHP (downtrend) and BATS (£45 resistance; bond proxies being shunned as bond yields rise).
The UK Index 100 trades off its 7290 highs, still hindered by Feb falling highs resistance. The DAX 30 is trying to hold its break above 12500. Dow Jones Futures have extended their breakout to 25500. Gold has broken back above $1336.
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The UK Index 100 trades off its 7290 highs, still hindered by Feb falling highs resistance. Can rising lows keep the uptrend alive?
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 trying to hold its break above 12500, to keep its uptrend aline
Watch levels: Bullish 12,550; Bearish 12,520
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 still extended their breakout to 25500. All the way back to the highs?
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’s has broken back above $1336, helped by weaker USD. Recovery to high
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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