Chief Market Strategist at IG. Views & content are my own & do not reflect the views of my employer. Author of Spread Betting the Forex Markets.
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Lower open for the FTSE on Banks weakness but still holding onto the one month recovery. Chart:
For now market appears to believe these Soc gen denials, but still down around 13% on the day. Chart:
So if 1245 goes on the #SP500 is that finally the end of the trend, tin hats on, bear market is back?:
Not that I am a great believer, but some would see a break below 11,800 on Dow as double top with 10,800 target:
Always use this one as a great example of trends. Weir Group, results out today. http://t.co/X7BvMvq Chart:
Big level in focus for #FTSE at 5735 this morning - first hour support twice at 5739. Chart:
What a day - next #Dow levels at 11,835/11,900 June lows. Congress vote at 7 p.m. UK time. Dow chart:
In #forex GBPUSD knocked back towards that 1.6250 support that has done the business over the past week:
So much for the rally - #Dow now testing 29 month trend line:
FTSE stock Fresnillo has had a stonking few weeks - up 30%+ and threatening all time highs around 1770. Chart:
I have been long EURGBP #forex since what feels like the dawn of time. 1 wk trend still up but needs to break 8860:
Biggest FTSE loser today is Barclays down 2.5% leaving last week's strength looking like a dead cat bounce. Chart:
Here's the chart for USDCHF #forex Bottom pickers beware.
Good morning - FTSE has filled nearly all over the opening gap, hanging onto 1 week trend. Strange week ahead:
I still fancy stock markets for a short up here but still looking a bit too gung-ho at the moment. FTSE, 5910 res:
In all this #forex excitement GBPUSD is flirting with breaking through two month downtrend:
@martinrue here we go:
Currently expecting a flat-ish open on Dow. Struggle to see too much upside -12,600 area has been quite a barrier:
EURUSD looking tempting in #forex. 1 wk trend intact, support over last couple of days from 1.4100 through to 30:
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