FTSE

FTSE 100 JUNE Futures

FTSE shorts at 5410/30 were offered 100 ticks profit – not much these days! We wrote: A break higher targets 5480, 5520/30 & 5580/90. If we continue higher look for 5625/35 & 5680/99.

If you jumped in to a long we hit all targets & topped at 5707 before a collapse to 5350.

 

Daily Analysis

FTSE seeing a good bounce & we may have some legs on this in to tomorrow before another expected sell off. If we can hold first support at 5480/70 we can retest 5670/5710. A break higher certainly possible targeting an excellent selling opportunity at 5830/50. Stop above 5950.

First support at 5480/70, second support at 5340/30. The the last line of defence for bulls is at 5250/5200. Try longs with stops below 5100. Below here bears are back in full control.

 

Trends

Weekly outlook is negative.

Daily outlook is negative.

Short Term outlook is neutral.

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex Analysis

Editors’ Picks

EUR/USD extends slump after NFP shows massive job loss

EUR/USD is trading below 1.08, down on the day. The Non-Farm Payrolls report has shown a loss of 701,000 jobs, worse than expected. The ISM Non-Manufacturing PMI surprised to the upside with 52.5 points. 

EUR/USD News

GBP/USD drops below 1.23 amid sour mood, after UK data

GBP/USD has dropped below 1.23 as the market mood sours. Final UK Services PMI dropped to 34.5 points, worse than expected.  

GBP/USD News

NFP Quick Analysis: 701K jobs lost only be tip of the iceberg, why King Dollar is ready for coronation

The US lost 701,000 jobs in March, the worst in 11 years. The Non-Farm Payrolls figures are lagging the fast-moving events. Wage growth is also skewed and should be ignored. The safe-haven dollar has room to rise. 

Read more

WTI trades in three-week’s highs near $26.50 a barrel

WTI is jumping from multi-year lows following the US President Trump’s tweet of yesterday (Thursday) suggesting a Saudi-Russian deal was on the pipeline.

Oil News

Gold remains confined in a range, moves little post-NFP

Gold extended its sideways consolidative price action around the $1615 region and had a rather muted reaction to the US monthly employment details

Gold News

Forex Majors

Cryptocurrencies

Signatures