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Can the bulls get it back above 7500 | 7460 7429 support | 7516 7526 7540 resistance

#1 · 20th November 2023, 10:56 am

Technical analysis for FTSE 100 for 20th November 2023

Stocks advanced in Asia and the dollar weakened on mounting speculation the Federal Reserve is nearing the end of its tightening cycle. Japan’s Nikkei 225 Stock Average touched a fresh 33-year high.

A gauge of regional equities headed for its highest close in two months after dovish comments from Federal Reserve officials last week bolstered bets the central bank is done with interest-rate hikes. The dollar slipped against all its Group-of-10 peers while an index of emerging-market currencies climbed to the highest since February.