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FTSE 100 futures not feeling the love again this morning
Pretty soon the European stock markets will reopen and right now it looks like a sea of red out there. Yesterday the FTSE 100 was once again the worst performing major European index. The FTSE 100 closed 0.55% lower, at 7,640. To put that in context, it compared to a 0.11% lower close for the DAX. Just ahead of the opening index is priced to fall again this morning. The price action so far this week is taking it back closer to technical support levels. In fact, right now it is poised to open below its 50 day moving average (7,629). As of the close last night the 100 day moving average was in place at 7,556, with the 200 day in place at 7,541. The FTSE is priced to reopen shortly, at around 7,605
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GBP/USD eyes 1.30 as GBP/JPY gets hammered
The Pound is not faring too well now this afternoon. The GBP/USD has fallen very close to the 1.30 handle and that further drop comes as the USD/JPY...
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Dow Jones slides closer to 40k as USD/JPY reverses earlier gains
The USD/JPY has now reversed the earlier CPI induced gains that saw it eventually rise just above 142.50. The dollar has now fallen back to below that...
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The DAX gets a boost but this time it is Commerzbank doing the heavy lifting
In recent days it has been the automative sector that has been hurting the DAX. Well, just now the index is rising to session highs above 18,400 and...
