Youtrading UK
Português Español русский
Register Login
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
No Result
View All Result
Youtrading UK
No Result
View All Result

Global equities turn positive as FTSE100 breaks through resistance

by Neville Hornsey
28 June 2022
in Markets
0
Global equities turn positive as FTSE100 breaks through resistance
452
SHARES
13.3k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Market Brief

See real-time quotes provided by our partner.

Equity markets were mixed during the Asian trading session but since the European open global markets are moving back into positive territory. The UK FTSE 100 tails the Australian stock exchange by 1.10% and 1.94% respectively. The Nasdaq in the Globex session is propping up the rest with a dip down by -0.81%. With a move above the 7334 and previous swing high there has now been a shift in market structure. What is needed for the bulls to take control is for a positive close above this level.

See real-time quotes provided by our partner.

US Treasury yields edged lower after rising in the last two sessions and the US dollar index is still trading within the range from the 16th of June.

This week has started quietly as we await tomorrow’s policy forum at which the ECB, the US Federal Reserve, and the Bank of England will discuss the trade-off between high inflation and weak growth prospects. During this morning’s session, ECB President Lagarde will give an opening speech, which will be followed by sessions by ECB Chief Economist Lane on ‘Globalisation and Labour Markets in the Post-Pandemic Economy’ and ‘Energy price volatility and energy sources in Europe’.

In this afternoon’s session, the US will release the goods trade balance and the Conference Board’s consumer confidence measure. Trade deficits led to Q1 GDP contraction, which is also revised for the final time tomorrow. May’s goods deficit is expected to narrow for the second consecutive month, and this bodes well for second-quarter US GDP growth. 2 consecutive quarters of negative growth is classed as a recession.

Today’s London session opened with a more positive tone towards equities and commodity prices and looking at the heatmap the forex pairs are aligning for more risk-on. The NZD is battling for the weakest currency with yen and US dollar, but we could see that reverse of the Aussie and CAD are bid today. The catalyst for a positive day may be the US trade deficit and then expectations of a revision higher in US GDP.

See real-time quotes provided by our partner.

The EURJPY has led the way with a positive move towards breaking out above the 144.00 level this morning, as the GBPJPY and USDJPY are positive but still nearer to their recent swing lows. A breakout in the EURJPY on this daily chart would lead to further gains into 145.50-146.00 and the next weekly lows from 2014.

The move higher in the euro against the yen comes on the back of some negative European data this morning. In July, consumer confidence in Germany declined 1.2 points, coming in at -27.4 points, according to market research institute GfK. The July figure represents an all-time low. The Bank of Japan had released their latest Core CPI figures which YoY came in as expected at 1.5%.

Tags: EURJPYFTSE100NASDAQUS DOLLAR INDEXYEN
Previous Post

This week, we’ll be trading US inflation & the US ISM data

Next Post

Midday Brief – US Consumer Confidence in Focus

Next Post
Midday Brief – US Consumer Confidence in Focus

Midday Brief - US Consumer Confidence in Focus

CALL US

Categories
  • Commodities
  • Economy
  • Forex
  • Index
  • Insights
  • Markets
  • Opening of the Week
  • Sem categoria
  • Stocks
  • World

Site Map

  • Home
  • Markets
  • Charts
  • Economic Calendar
  • World
  • Economy
  • Insights
  • About Us
Português Español русский

A comprehensive website for traders, both experienced and new! Checkout our content and learn how to invest and speculate in the markets using margin traded products. Our team of educators has extensive experience and is here to help. Enjoy!

Follow us on social media

Risk Warning

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary.

All Rights Reserved - YouTrading UK 2020

Privacy Policy and Terms and Conditions
  • Home
  • My Academy
    • Register Now
    • Login
  • Markets
    • Opening of the Week
    • Stocks
    • Commodities
    • Forex
    • Index
  • Charts
  • Economic Calendar
  • Economy
  • World
  • Insights
  • About Us
No Result
View All Result

© 2020 YouTrading UK - Leaders in Trader Training.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
__cfduid1 monthThe cookie is used by cdn services like CloudFare to identify individual clients behind a shared IP address and apply security settings on a per-client basis. It does not correspond to any user ID in the web application and does not store any personally identifiable information.
_wpfuuid11 yearsThis cookie is used by the WPForms WordPress plugin. The cookie is used to allows the paid version of the plugin to connect entries by the same user and is used for some additional features like the Form Abandonment addon.
cf_use_obThis cookie is set by the provider Cloudflare content delivery network. This cookie is used for determining whether it should continue serving "Always Online" until the cookie expires.
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
_fbp3 monthsThis cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website.
fr3 monthsThe cookie is set by Facebook to show relevant advertisments to the users and measure and improve the advertisements. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin.
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
_gat_UA-42160853-21 minuteNo description
cf_ob_infoNo description
CONSENT16 years 8 months 3 days 6 hours 2 minutesNo description
SAVE & ACCEPT
Powered by CookieYes Logo