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CAC 40 futures off the lows but still heading for a negative opening today
Yesterday the CAC 40 was the best performing major European stock market index. The CAC 40 closed with a gain of 1.91%. That compares to 1.75% for the FTSE 100 and 1.50% for the DAX. The CAC put on 135 points, to close at 7,266. The move higher yesterday remains well short of any minimum technical rebound objective (at 7,320), but it did manage to close an open gap on the daily bar chart left open at 7,227 and reached a high yesterday at 7,287. That said the CAC 40 futures fell back with US stocks last night and at one point it was priced to reopen this morning close to 7,125. It is well above that low now, but still set to reopen below where it closed yesterday, currently at around 7,200
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Nasdaq 100 slides below 18,500
Well, so much for the higher opening for the Nasdaq 100 earlier this afternoon. The push back above 18,900 looks some way off now, as the index... -
Now risk aversion takes hold of the USD/JPY as US yields fall back again
Well, you were warned about the price action likely to be seen in the USD/JPY this afternoon and it sure is volatile and since the last update noted... -
US stocks slide further into the red- S+P 500 falls below 5,450
As just mentioned in the previous update, the US stock markets have turned sharply lower since opening this afternoon. Hence we now have a fresh...
