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Whilst FX world sees all the excitement, equities are mixed into the weekend. Wall St’s compass still points north thanks to the USD having given up much of last night’s Trump-inspired “I want a stronger dollar” gains, investors clearly ignoring the President’s attempt to over-ride his Treasury Secretary’s preference for the opposite. The resulting recovery in both GBP and EUR is to mixed effect, failing to hinder the UK UK Index but keeping Germany’s DAX firmly in the red.
The UK Index is in the midst of a tug of war between GSK/AZN (positive drug results), RDSB/BP (strong oil price), STAN/HSBC (Goldman Sachs broker update), RBS (second leg of uptrend) and VOD/BT (defensive) on the bullish side, and the likes of BLT/RIO/GLEN (metals off highs), BATS (breakdown) and RB (pullback) pulling for the bears.
The UK Index 100 is trying to break back above 7650. The DAX 30 has failed to get back above 13355. Dow Jones Futures continue to push towards fresh highs of 26500. Gold’s bounce was checked by $1357 resistance.
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The UK Index 100 is trying to break back above 7650 to extend its rebound.
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 has failed to get back above 13355 following last night’s breakdown.
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 continue to push towards fresh highs of 26500.
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 bounce was checked by $1357 resistance.
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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