BOE: VIEW CHANGE: JP Morgan push back next cut to February from November
Sep-18 13:33
* JP Morgan has pushed back its expectation of the next cut to February although notes that "a Dec...
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EQUITY TECHS: E-MINI S&P: (U5) Trend Needle Points North
Aug-19 13:30
- RES 4: 6600.00 Round number resistance
- RES 3: 6554.98 2.0% 10-dma envelope
- RES 2: 6523.63 1.764 proj of the May 23 - Jun 11 - 23 price swing
- RES 1: 6508.75 High Aug 15 and Alltime High
- PRICE: 6462.75 @ 14:19 BST Aug 19
- SUP 1: 6399.62 20-day EMA
- SUP 2: 6313.25 Low Aug 6
- SUP 3: 6275.86 50-day EMA
- SUP 4: 6239.50 Low Aug 1
The dominant uptrend in S&P E-Minis remains intact and the contract is trading just below its recent highs. Moving average studies are in a bull-mode position, highlighting a clear uptrend. A resumption of gains would pave the way for a climb towards 6523.63, a Fibonacci projection. On the downside, supports to watch are; 6399.62, the 20-day EMA, and 6275.86, the 50-day EMA.
EQUITIES: A new Contract high for the Estoxx Futures
Aug-19 13:28
- A new contract high for theSeptmber Estoxx future expiry, the best traded level since March.
- Looking back at the June Expiry (VGM5), the March high is situated at 5515.00.
- For the Cash SX5E , the March and all time record high is at 5568.19.
- Hope of a ceasifire and ultimately peace in Ukraine have been supporting of the Risk On Tone in Europe.
EQUITIES: US Cash Opening calls
Aug-19 13:26
SPX: 6,448.7 (-0.0%); DJIA: 45,015 (+0.2%/+103pts); NDX: 23,686.8 (-0.1%).
