This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Equities are making a positive start to the week, continuing to digest the prospect of a Trump Presidency rather well. Meeting Nigel Farage and resuming his tweeting may keep us on our toes, but investors appear to like the less controversial character who has addressed the media since winning. Key appointments have also been well received and bullishness is rising in his spending, tax cut and deregulation plans. A breath of fresh air for a developed world still stuck in a post-crisis low growth, low inflation, low rates, stimulus-focused funk. Perhaps Donald is just what markets need, however, surprising that may sound.
The UK 100 is doing its best to hold above 6795 to maintain the recovery rally from Friday’s 6705 lows. The DAX 30 is teasingly close to a channel breakout at 10800. A strong USD/weaker EUR would help exporters. Dow Jones Futures continues to post fresh record highs, now within touching distance of 19000. Gold is suffering from increased US rate rise expectations and a stronger USD coupled with less fear of Trump. Back to Back to $1200? Lower?
The UK 100 is doing its best to hold above 6795 to maintain the recovery rally from Friday’s 6705 lows. Can we get back to 6850, 6900 and even the 7000 highs form which we turned back last week?
Watch levels: Bullish 6820, Bearish 6775
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 teasingly close to a channel breakout at 10800. A strong USD/weaker EUR would help exporters. Or will the index turn back towards the channel floor?
Watch levels: Bullish 10810, Bearish 10760
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 continues to post fresh record highs, now within touching distance of 19000. Already testing intersecting resistance? Onwards and upwards, helped by The Donald?
Watch levels: Bullish 18960, Bearish 18750
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 suffering from increased US rate rise expectations and a stronger USD coupled with less fear of Trump. Back to Back to $1200 or lower? Or fear to return and the safehaven rebound?
Watch levels: Bullish $1228, Bearish $1219
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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