Market Analysis
28 Sep
TECHNICAL ANALYSIS – Friday 28th September 2018 UK100 and GBPCAD
The Italian Finance Minister Tria is to stay on in his position to avoid the risk of adverse effects in the financial markets. Tria was campaigning for a deficit in the region of 1.5% to 1.8% but the coalition government has agreed on 2.4% for the next three years. This is above the 2% favoured by the EU. The Euro fell against the Dollar and is now trading at 1.1635.This follows the decline from 1.1800 after the FOMC on Wednesday. ...Read More
27 Sep
TECHNICAL ANALYSIS – Thursday 27th September 2018 Dow Jones WS30 Index and German DAX30
The Dow Jones Index has seen a sharp decline yesterday after the FOMC raised interest rate. The initial reaction of the Index was to rally into resistance at 26600.00 and it is from this point that it has declined to the current level of 26372.00. Resistance overhead is now at the 50 period moving average at 26434.00. ...Read More
27 Sep
TECHNICAL ANALYSIS – Thursday 27th September 2018 GBPUSD and AUDUSD
Yesterday’s Federal Open Market Committee meeting made the decision to raise rates by 25bps to bring the Federal Funds Rate to <2.25%. The word “accommodative” was removed from the statement suggesting that the FED was approaching a neutral level in hikes. ...Read More
