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Equities are higher into lunch as the UK Foreign Minister wraps up a strange Valentine’s Brexit speech which ultimately sent GBP lower. A boon for the UK Index , but not for those (including the EU) looking for any semblance of clarity on what the UK’s divorce from the continental trading bloc is going to look like this time next year. A Dollar bounce keeping oil pressured and hampering a metals rebound. All eyes on US Inflation at 1.30pm, with potential to revive the recent market tantrum.
The UK UK Index is higher thanks to positive contribution from HSBC (bounce), BATS/ULVR/DGE (weaker GBP), Sky (higher bid from Fox?), BHP/RIO (weaker GBP), BT (live Premiership football rights acquired) outweighing the drag from TUI (ex-dividend) and SHP (Results).
The UK Index 100 is struggling to break above 7225. The DAX 30 is sideways 12200-12400 still under falling highs resistance. Dow Jones Futures has broken out of its downtrend to re-test 24800. Gold is seeing yesterday’s $1330 breakout serve as support.
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The UK Index 100 is struggling to to break above 7225
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 sideways 12200-400 still under falling highs resistance.
Watch levels: Bullish 12,300; Bearish 12245
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 have broken out of its downtrend to re-test 24800
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 is seeing yesterday’s $1330 breakout serve as support.
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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