TrendLines
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FTSE is amazing surging but SP500sept not moving 1623
Exactly it does'nt make sense. The £ is weak but this is crazy!!!
FTSE is amazing surging but SP500sept not moving 1623
Exactly it does'nt make sense. The £ is weak but this is crazy!!!
FTSE was at 6006 on 25th June, only last week. We are looking at 6500+ already its insane. July is supposed to be the start of bear season.
The MPC’s statement is a clear sign that the Committee regard the recent rise in UK rate expectations as overdone and harmful to the UK economy’s prospects, and also is a fairly clear hint that the MPC are likely to initiate forward guidance at the August meeting or soon after. Our base case is that the MPC will implement Fed-style forward guidance at the August meeting, committing to not tighten via Bank Rate or QE at least until the jobless rate is down to 6.5% or 7%, unless the MPC’s inflation forecast two years ahead is at least ½% above target or inflation expectations become destabilised. It is possible that the MPC will set a threshold in terms of nominal GDP growth, but we regard the jobless rate as more likely. With the UK jobless rate around 8% over the last four years, such a framework would set the stage for a long period of ultra-low rates: the IMF expect the jobless rate to fall to 6.5% only in 2017 and the OBR expect it will take until 2018.
FTSE is going to continue to rise, just go with it, hate NFP such a lottery, dont liek the fact the DAX got smacked from 70 to 40 at 1 oclock for no reason though
Here's my 10x2 facing bearish resistance..