S&P 500, FTSE 100 Evaluation and InformationS&P 500 | Again and Forth Politics Dictates Danger SentimentFTSE 100 |EU-UK S
S&P 500, FTSE 100 Evaluation and Information
- S&P 500 | Again and Forth Politics Dictates Danger Sentiment
- FTSE 100 |EU-UK Summit in Focus for UK Property
Cross Asset 1-Week and 2-Week Efficiency
Supply: DailyFX, Refinitiv
S&P 500 | Again and Forth Politics Dictates Danger Sentiment
The forwards and backwards state of US politics relating to one other stimulus bundle continued to attract consideration and can probably proceed to dictate threat sentiment subsequent week. Whereas talks between Speaker Pelosi and Treasury Secretary Mnuchin will proceed, the important thing focus is the stance from Senate Chief McConnell. That stated, the trail of least resistance stays larger within the absence of notable catalysts. What additionally has turn into obvious over the previous week is that the blue wave commerce is in full throttle. This has been significantly evident within the bond market with 30yrs yields above its 200DMA for the primary time since Q1 2019, given {that a} blue wave means vital stimulus within the new 12 months. On the topside, resistance is located at 3490-3500.
| Change in | Longs | Shorts | OI |
| Each day | 3% | -4% | -2% |
| Weekly | -3% | 9% | 5% |
S&P 500 Worth Chart: Each day Time Body
Supply: IG Charts
FTSE 100 | EU-UK Summit in Focus for UK Property
As we close to the de-facto deadline for a Brexit settlement (Oct 15th EU Summit), EU-UK commerce negotiations will stay the dominant driver for UK belongings. Because it stands, fisheries is among the many key obstacles to creating an settlement, nevertheless, given its small contribution to progress total within the UK, it’s unlikely to result in a breakdown in talks and thus my base remains to be for a deal to be finally made.
| Change in | Longs | Shorts | OI |
| Each day | -8% | 8% | -1% |
| Weekly | -18% | 43% | 3% |
FTSE 100 Worth Chart: Each day Time Body
Supply: IG Charts
RESOURCES FOR TRADERS
Whether or not you’re a new or skilled dealer, we have now a number of sources accessible that will help you; indicator for monitoring dealer sentiment, quarterly buying and selling forecasts, analytical and academic webinars held every day, buying and selling guides that will help you enhance buying and selling efficiency, and one particularly for many who are new to foreign exchange.
— Written by Justin McQueen, Market Analyst
Comply with Justin on Twitter @JMcQueenFX