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FTSE Recovering Higher – FTSE 100 Market Outlook – 19/01/2021

SquaredFinancial

The FTSE 100 is set to jump at the open on Tuesday ahead of a hearing with incoming US Treasury Secretary Janet Yellen, who is expected to tell lawmakers the US economy could suffer if they do not approve a big spending plan. Equities should maintain a favorable tailwind today but watch out for UK CPI tomorrow as a weak print could reignite talk of negative rates at the BoE.

Support: 6750 / 6700
Resistance: 6800/ 6840

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-recovering-higher-ftse-100-market-outlook-19-01-2021
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