Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market DiscussionUS inflation data - buy the rumou …

Please or Register to create posts and topics.

US inflation data - buy the rumour sell the news | 7315 7360 resistance | 7277 support

#1 · 12th July 2023, 8:46 am

FTSE 100 trading prediction and analysis for 12th July 2023

The FTSE 100 closed Tuesday 0.12pc higher at 7,282.52, while the FTSE 250 midcap index ended up 0.62pc at 18,140.09.

European shares ended higher on Tuesday amid investor hopes the U.S. Federal Reserve was nearing the end of its interest rate hiking cycle and as China extended some policy measures to support its battered real estate sector.

The bulls are definitely fighting back a bit now, and a move through the 7325 area today will likely see a rise towards the 7360 daily resistance level.