3rd May 2018 – FTSE 100 Trading signals – Learn to trade the markets
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Federal Reserve officials left interest rates unchanged, acknowledging inflation is close to target without indicating any intention to veer from their gradual tightening of monetary policy. “Inflation on a 12-month basis is expected to run near the committee’s symmetric 2 percent objective over the medium term,” the policy-setting FOMC said in a statement last night, “The committee expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate.”. That saw gold climb and the US markets reverse their earlier gains, with the S&P dropping down to 2630.
FTSE 100 Trading Signals, Forecast and Prediction
The bulls have repeatedly failed to break above the 7575 level despite a few goes this week, but have also defended the support pretty well keeping the FTSE 100 in a pretty tight range all week. The US sell off last night didn’t result in much of a drop on the FTSE so we may well see a bit of a attempt to rise again today, as we have climbed a bit already from the overnight lows.
We have the European Commission presenting its spring economic forecasts (guesses!) today, including growth, inflation, debt and deficit projections. That might see some movement on the Dax.
Bloomberg’s Asia Report here
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