Intraday Market Analysis – Recovery Momentum
EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]
Trading news
Inflation fears & rising bond yields spooked investors – FTSE 100 Market Outlook – 05/03/2021
Stocks in London were going up nicely yesterday during the European trading session, but then investors were spooked by US Federal Reserve Chair Jerome Powell’s response to inflation fears and bond yields spiking again as bond prices plunged because inflation makes bonds less attractive as it erases the value of their income payments. On the positive side, the US Dollar rising against the Sterling Pound and solid energy prices will likely keep the FTSE100 well-supported with 6580 and 6550 as next key support levels.
Support: 6580 / 6550
Resistance: 6620 / 6650 / 6670
TRADE NOW
Friday, 05 Mar, 2021 / 9:28
Trading news
What To Expect Out Of Bank Of Canada Interest Rate Decision
There is an increasing consensus that we will get some action out of the BOC [...]
COCA-COLA REPORTS SPARKLING Q1 RESULTS
Coca-Cola reported quarterly sales growth for the first time after four [...]
