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Another record close for the FTSE 100
On Friday the FTSE 100 set a new record high at 8,455.77. The index later closed out the week at 8,433.76. That was another record daily close and of course a record weekly close too. The further record gains last week has now pushed the index into overbought territory. The 14 Day RSI was close to 82, as of the close on Friday. However, that does not necessarily mean the index cannot rise further, but at some point it will suffer a correction to that overbought position. Important UK data due this week comes from the latest monthly and quarterly jobs report at 6am tomorrow and then next week from the latest CPI and RPI inflation reports (due May 22 at 6am GMT). The FTSE 100 futures are slightly in the red this morning and currently indicating a reopening at around 8,425 this morning
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US stocks kick off in the red but opening losses pared- check out the Nasdaq 100 now
The US stock markets have not long ago opened for live trading and it has been an across the board lower start to the new trading session. The dollar... -
EUR/USD under pressure again
The two aforementioned US data releases have now come out and in dollar reaction terms they were broadly positive, especially the Philadelphia Fed... -
Next up US jobless claims and Philly index- USD/JPY primed to move again?
Shortly at 12.30pm GMT we will get some reasonably important US economic releases. The first is the usual weekly jobless claims, which are perhaps...
