Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
FTSE 100 playing catch-up now
Much earlier this morning an update here noted the relative outperformance of the FTSE 100 yesterday. That update could not easily explain why that was, given the slide in oil prices. Well, since that update the FTSE sure has played catch-up with the rest of the field and it has now fallen by around 4.50% on the day. The index is dropping ever closer to the 8k handle and and since busting below its 200 day moving average earlier (now at 8,348), it has not been able to recover much at all. It even looks like a test of that 8k level might be in play ahead of the close today. We shall see on that, but looking at the longer term daily chart right now that is a big technical support level from previous daily lows seen around that level in November and December last year. The FTSE 100 is right now at 8,085
Market News
All News-
Nasdaq 100 continues to lead the way as the 4pm London Fix approaches
As the 4pm London FX fix approaches, the dollar is just coming back from earlier highs. That saw the EUR/USD fall back to 1.1456. It was just now... -
USD/JPY unfazed by lower than forecast Richmond Fed index
The April EU consumer confidence and US Richmond Fed indexes have just been released. The markets were expecting the EU consumer to feel a little less... -
US equity markets open higher and advance in early trade -check out the Nasdaq 100
As expected and priced into the futures beforehand, the US equity markets did open higher this afternoon and despite some initial wobbly price action...
