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FTSE 100 edging higher in early trading- another record on the cards today?
Yesterday the FTSE 100 did eventually remove the chance of a double top on the daly charts, when it rose above 8,533. The index rose to set a new all time record high, at 8,548.59, before later setting another record daily close, at 8,520.54. The index has just now reopened for live trade and it lifted slightly in early trading, pushing towards 8,535. The UK jobs data, released earlier was not that supportive and neither is the lower oil price since this time yesterday. So, it will be interesting to see, if another record is on the cards today, or the index reacts to that which surrounds it. There is one supporting factor elsewhere though and that is the immediate drop back in the GBP/USD so far this this morning
Market News
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
