14th May 2018 – FTSE 100 Trading signals – Learn to trade the markets
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Asian equity futures pointed to a mixed open to kick off the week. U.S. stocks edged higher on Friday, capping their best week in two months amid growing conviction that inflation will remain tame and as trade tensions eased. The dollar steadied, while 10-year Treasury yields held below 3 percent. Precious metals were down across the board, and aluminum dropped 2 percent. U.S. retail sales and industrial production for April will give early signals about the strength of the U.S. economy in the second quarter. Trade and geopolitical tensions will remain in focus with the U.S. planning top open its embassy in Jerusalem on Monday and China Vice Premier Liu He expected in Washington on Tuesday for trade talks.
FTSE 100 Trading Signals, Forecast and Prediction
We consolidated a bit on Friday last week after Thursday’s decent rise from the 7630 level, but the 2 hour chart and daily trends are all still up. The 7725 was resistance on Friday as expected, with the FTSE 100 closing pretty much bang on that level. The fact that there wasn’t that much of a bearish reaction off it and the bulls have defended with holding above 7700, I expect that we may well push higher today, for a bit of Bull Monday yet again.
Bloomberg’s Asia Report here
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