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Equities remain mixed, close to break-even, as we await an updated outlook from the US central bank today, and both the ECB and BoE tomorrow. The UK UK Index extends its bounce, US Dow futures have rebounded to flat following the Alabama senate election result and Germany’s DAX has edged back from yesterday’s best in over a month.
The UK UK Index is higher thanks to heavyweight HSBC (less legal overhang, international exposure, beneficiary of Fed rate hike), BARC (international exposure, beneficiary of Fed rate hike) and GSK (continued bullish reversal) countering losses for BATS (5100p resistance vs guidance reiteration), AHT (Citi downgrade) and RB/SHP (profit-taking).
Germany’s DAX sees losses for RWE/E.ON (absence of coalition news), Adidas/Henkel (stronger EUR/USD) and Fresenius offsetting gains for ProSieben/ThyssenKrupp (broker upgrades), Deutsche Post, Lufthansa (having to offer airport slots to sidestep anti-trust on Air Berlin) and Continental.
The UK Index 100 is holding around 7500 after yesterday’s 7475 breakout. The DAX 30 is back from another test of 13200. Dow Jones Futures sit just shy of yesterday’s fresh 24552 record highs. Gold’s bounce has found support at $1241.
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The UK Index 100 is holding around 7500 after yesterday’s 7475 breakout. Will the rally extend to Nov 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.
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The DAX 30 is back from another test of 13200. Is this an extended flag, or a warm-up for a retrace?
Watch levels: Bullish 13,170; Bearish 13,130
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 sit just shy of yesterday’s fresh 24552 record highs. Will the channel keep extending? Beware long upper tails.
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 bounce has found support at $1241.
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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