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UK100

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Technical Analysis – UK 100 index hits new all-time highs but rally may be cooling

Posted on April 23, 2024 at 9:49 am GMT

UK 100 index reaches 8,000 milestone But further gains may have to wait as uptrend starts to lose steam   The UK 100 stock index (cash) closed at a new all-time high of 8,046.44 on Monday and climbed to an intra-day record of 8,077.25 earlier today. But whilst another record close is possible in the near term, positive momentum appears to be waning. The RSI is currently edging sideways slightly below the 70 overbought mark, while the MACD seems to [..]

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Technical Analysis – UK 100 index sticks in descending triangle in 2023

Posted on December 21, 2023 at 11:40 am GMT

UK 100 meets upper Bollinger band Price encounters upside pressure above triangle formation The UK 100 index a few weeks after the beginning of 2023 started a descending triangle formation with the top at 8,043 and a strong support level of 7,250. Currently, the price is standing above the falling trend line, after testing the upper Bollinger band and the 7,750 resistance. According to the technical oscillators, the RSI is pointing slightly upwards in the positive territory; however, the stochastic posted a bearish [..]

Daily Market Comment – Sentiment improves on upbeat Chinese PMIs, dollar sags

Posted on March 1, 2023 at 10:11 am GMT

Strong China factory data boosts equities but rate hike fears limit gains Dollar pulls back, euro climbs as ECB starts QT Aussie and loonie up on China optimism but soft GDP numbers weigh Markets buoyed as China reopening boost starts to materialize After ending February on a sour note, equity markets started the new month in a cheerier mood with the help of some much-needed positive headlines from China.  Manufacturing activity in the world’s second largest economy grew at the [..]

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Equity indices continue higher unhindered – Stock Market News

Posted on February 17, 2023 at 1:58 pm GMT

Equity markets globally continue their advances unscathed by both the recent economic developments and balloon attacks. Amongst the key indices, the Italian MIB index leads the charge with a 16.2% increase since year-end, followed by Nasdaq 100 with a sizeable 13.4% rally. It is really intriguing that the European stock indices have been outperforming their US counterparts in the past 14 months. Could the European economy be in better shape than widely assumed? Stock markets are rumoured to reflect future [..]

Daily Market Comment – Stocks, oil bounce back on China hopes, dollar’s Fed-led rebound falters

Posted on November 29, 2022 at 10:14 am GMT

Mood improves as China takes more baby steps to shift away from zero Covid But risk assets rebound only modestly as Fed hawks keep optimism in check Dollar pulls back, oil climbs on possible OPEC+ output cut Easing protests in China calm markets   The unrest in China appears to be easing amid a massive police presence on the streets of Beijing, Shanghai and other major cities. But while the clampdown may by succeeding in deterring protestors to come out [..]

Daily Market Comment – US-China tensions dent appetite as yields crumble, dollar creeps higher

Posted on August 2, 2022 at 9:36 am GMT

Stocks turn red amid renewed Sino-US tensions as Pelosi expected in Taiwan Yen extends winning streak, dollar also catches a bid as bond yields skid Aussie plummets after RBA decision, pound rally loses steam too as BoE eyed Threat of geopolitical flare-up dampens mood Risk sentiment took a knock on Tuesday as it emerged that the Speaker of the US House of Representatives Nancy Pelosi is on her way to Taiwan, defying China’s strong advice against visiting the disputed territory. [..]

Daily Market Comment – Dollar slips further ahead of PCE inflation as equity rebound gathers steam

Posted on May 27, 2022 at 9:21 am GMT

Wall Street poised to snap losing streak as Fed bets ease, China tech earnings help Dollar drops to fresh one-month low; can PCE inflation revive it? Sunak’s support package shores up pound, euro heads for strong weekly gains Stock markets end week on stronger footing Despite a few wobbles, the recovery that got underway on Wall Street at the start of the week has gone from strength to strength and the major US indices are on track to break their [..]

Daily Market Comment – China worries hit sentiment, equities wobble, dollar firms

Posted on May 16, 2022 at 9:30 am GMT

Markets get off to a shaky start after poor Chinese data as stocks slip But lockdown easing in Shanghai provides some relief Dollar mostly higher, euro edges up as hawkish noises from ECB continue Recession fears heightened after slump in China activity Fresh jitters about recessionary risks dented sentiment on Monday, weighing on stocks, oil and risky currencies, following some disappointing data out of China that greeted investors at the start of the week’s trading. Industrial production in the world’s [..]

Daily Market Comment – Euro perks up, fends off steadier dollar amid growing ECB rate hike talk

Posted on April 21, 2022 at 8:46 am GMT

Euro extends gains as ECB policymakers increasingly in favour of raising rates soon Dollar mixed despite higher Treasury yields; yen settles around 128 per dollar US and European stock futures edge up after Tesla earnings beat, China slips ECB rate hike chatter buoys euro The euro is gaining traction on Thursday, extending this week’s rebound to flirt with the $1.09 level, as investors ratchet up their bets that the European Central Bank is getting closer to hiking rates soon. Several [..]

Daily Market Comment – Stocks perk up on peace talks, oil slump; pound knocked by dovish Bailey

Posted on March 29, 2022 at 9:29 am GMT

Equities look to be making a comeback as Russia-Ukraine talks eyed and oil surge eases Dollar softer despite elevated yields, pound steadier after skidding on Bailey’s remarks BoJ keeps buying JGBs but yen selloff takes a breather as officials get edgy about weakness Stocks head higher as sentiment improves Equity markets were in a bullish mood on Tuesday after the S&P 500 notched up its third straight session of gains yesterday, recouping more than 60% of its year-to-date losses. Heavyweights [..]

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