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Equity markets continue to ride north helped by a US jobs report seen to quell fears about a US economic downturn and jobs market weakness, without fuelling fears about a Fed rate hike waiting in the wings. And with the BoE set to crank up stimulus this week with a rate cut and/or more QE to counter Brexit uncertainty, markets are welcoming with open arms the prospect of global monetary policy staying accommodative for a good while longer.
The UK 100 has bounced from a test of 6600 support after retreating from US jobs report inspired highs. The DAX30 has found resistance at recent highs of 9800. Breakout or retreat? Wall Street/Dow Jones futures are testing 18150 after a breakout beyond 14-month falling highs. Back to all-time highs? Gold remains in its long-term turnaround, getting closer to regaining $1400 helped by the prospect prolonged loose monetary policy.
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The UK 100 has bounced from a test of 6600 support after retreating from US jobs report inspired highs
Watch levels: Bullish 6535, Bearish 6595
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
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The DAX30 has found resistance at recent highs of 9800. Breakout or retreat?
Watch levels: Bullish 9810, Bearish 9715
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
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Wall Street/Dow Jones futures are testing 18150 after a breakout beyond 14-month falling highs. Back to all-time highs?
Watch levels: Bullish 18205, Bearish 18175
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Gold remains in its long-term turnaround, getting closer to regaining $1400 helped by the prospect prolonged loose monetary policy.
Watch levels: Bullish $1365, Bearish $1350
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
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