This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Equity markets have remained steady this morning amid hopes of continuing bailout negotiations between Greece and her creditors bearing fruit as time ticks away. A real ceasefire in Ukraine is proving elusive and adding to already pronounced geopolitical worries that are dominating a quiet macro calendar today. Gold continues to bounce supported by the aforementioned acting in cahoots with a weaker USD, although the safe haven metal remains in the lower half of a falling channel from 22-Jan.
The UK Index has taken a breather following strong gains last Friday after its breakout above the 4-day resistance level 6850. A break above 6905 on the shoulders of rising lows from 15-Dec is possible but a significant test remains to be seen.
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
Germany’s DAX has fallen back slightly after hitting fresh all-time highs on Friday, while the uptrend from mid-October continues to hold. Will some good news from Brussels this week put the index back on its Northwards course?
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
The US Dow Jones has levelled off on Monday having failed to test all time highs around 18100 over the weekend. A rally from early Feb continues nonetheless, with the index topping 18000 for the first time this year on Friday.
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 continues its bounce from 3-month rising support around $1220, although remains within a falling channel from Jan highs $1307. Will the metal polish up its act this week?
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
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research