2nd July 2018
Asian equity markets began indecisively with the region constrained by disappointing data releases including Chinese Official & Caixin Manufacturing PMIs. Looking ahead to todays news, highlights include Eurozone, UK and US mfg PMIs, US construction spending, ISM manufacturing and ECB’s Praet. We also have NFP in the US on Friday, and they will also have a public holiday on the 4th (Wednesday).
FTSE 100 Trading Signals, Forecast and Prediction
Getting well into the summer trading season now, and the start of the new month should see an initial kick up as the new months money flows in. Last week was pretty choppy owing to trade war talk still, tariffs, etc – coupled with a bit lower volume. The overall short term trend is quite bearish still, with 7631 resistance showing on the 2 hour chart, and the moving averages on the daily chart still bearish. The bulls will need to push above 7715 to start thinking about a trend change, and that opens up 7760 and possibly higher.
Bloomberg’s Asia Report here
If you would like more detailed analysis for FTSE 100, DAX, Gold and S&P, including the trades that I am looking to take myself, then please join my active members community.
I keep a record of all the trades communicated to members via the morning email trade plan and those alerted live. See the results here.
What you get
- Daily Analysis pre market open (sent around 7am each day) for FTSE, DAX, Gold and S&P.
- Daily email pre market includes my trading plan for the day including ORDER levels, with stops and targets/limits
- Telegram Chat room and webinar group membership for discussion and realtime trade updates