EURGBP: golden cross
The EURGBP saw its 50-day moving average crossing above the 100 and 200-day moving averages. The formation of golden cross could limit the euro’s downside against the pound this week, revive buyers for a recovery to 0.8868 (June high), before 0.8897 (major 61.8% retrace on September – April decline). Solid resistance is eyed at this level, due to the surprise hawkish shift from the Bank of England (BoE) at the June monetary policy meeting.
US stocks set to renew record
The US stock futures are solidly bid at the start of the week. The Dow Jones futures were up by 55 points, NASDAQ and S&P500 futures traded 29.25 and 6.75 points higher into the European open.
The VIX index remains comfortably relaxed, 10.38%. There are no signs of anxiety in the US stock markets despite trading at frequently renewed record high levels since nearly eight months.
The Wall Street daily rolling index traded at a fresh record of $21’424.60.
Click here to read the full article on LCG.com
The EURGBP saw its 50-day moving average crossing above the 100 and 200-day moving averages. The formation of golden cross could limit the euro’s downside against the pound this week, revive buyers for a recovery to 0.8868 (June high), before 0.8897 (major 61.8% retrace on September – April decline). Solid resistance is eyed at this level, due to the surprise hawkish shift from the Bank of England (BoE) at the June monetary policy meeting.
US stocks set to renew record
The US stock futures are solidly bid at the start of the week. The Dow Jones futures were up by 55 points, NASDAQ and S&P500 futures traded 29.25 and 6.75 points higher into the European open.
The VIX index remains comfortably relaxed, 10.38%. There are no signs of anxiety in the US stock markets despite trading at frequently renewed record high levels since nearly eight months.
The Wall Street daily rolling index traded at a fresh record of $21’424.60.
Click here to read the full article on LCG.com