Tag Archives: FTSE

S&P 500 breaches trendline as Fed caves, FTSE 100 hovers above pivotal 7000 level ahead of BoE, FTSE MIB rejects key resistance.

Risk-leaning assets enjoyed a strong charge through this past week. Global indices, commodities and emerging market assets were all buoyed by a welcome return of capital to the weathered capital markets. Yet, momentum through this reversal has proven uneven and the high points of speculative appetite in the FX market have not followed in pursuit. […]

NZDUSD may stall at near-term resistance as the fundamental tailwinds that spurred the rally fade. The pair now rests between key technical levels.

Internal buying pressure is back in the crude oil market when looking at futures spreads, geopolitical tensions leading to supply constraints, or a stronger US earnings seasons all showing demand may be better than feared.

Sterling has moved lower over the week against EURGBP and GBPUSD after last week’s overbought conditions but both pairs have yet to challenge annulment levels.

The Dollar extended its tumble this past week helped along by the Fed’s dovish tone. Yet when it was time to establish conviction, bears couldn’t break 8-month channel support and the 200-day moving average. We are likely to see further attempts.