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Equities are mixed, with the UK UK Index offside due to a stronger GBP as PM May heads to Brussels with the green light for a bigger Brexit settlement, despite increased Irish political turbulence. Germany’s DAX outperforms, despite EUR strength after strong IFO data, amid talk of the SPD being ready to hold coalition talks with Merkel. Dow Futures are called to open higher on this holiday half-day.
The UK Index is just under water due to a stronger GBP hurting BATS/GSK/AZN/RIO, even RDS/BP as oil trade higher, offsetting positive points contributions from HSBC (Hang Seng highs, rebound), RBS (more govt share sales?), RB/DGE/ULVR (lower China consumer import tariffs) and EXPN (broker upgrade). The DAX is higher as gains for VW (labour leaders open to more independence for truck division), ThyssenKrupp (results), RWE (positive legal result on open pit mine), Banks (IFO data) and Lufthansa. The only major loser is FRES.
The UK Index 100 continues to hold above 7400. The DAX 30 is making an upside test of 13050. Dow Jones Futures are just shy of 23350 resistance. Gold is trading back from falling highs resistance at $1293.
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The UK Index 100 continues to hold above 7400, long lower tails being bullish, but inability to get above 7425.
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 making an upside test of 13050, adding to its bullish reversal from 12,900.
Watch levels: Bullish 13,060, Bearish 13,030
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 are just shy of 23350 resistance. But is it pausing for a break higher or lower?
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 trading back from falling highs resistance at $1293.
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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