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FTSE trades below 8,000 for the first time since November
The FTSE 100 has just taken a dive below the 8k handle for the first time since November 13. The fall came even as US equity futures pare earlier losses following the US PCE report. The move to below 8k was pretty rapid, but as suggested first thing today, such a move was on the radar and kind of expected here and that is why you were alerted to the potential. The index is right hovering around 8k and looking at the charts on this one the next notable support level is now at 7,915, from a previous low set back in August, if this move lower extends. One reason for this drop could be the further gains right now in the GBP/USD. That has now risen above 1.2550
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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...
