Anyone scalping the FTSE Futures??

In the pre-opening, European shares showed some gains. The reason for this initial rise is justified by a technical reaction to yesterday's falls and rising oil in the Asian session. The last session was particularly volatile, with the major indexes reaching gains between 2% and 3% before finishing with a devaluation of 1% to 2%, and it is worthy of a brief analysis. The reasons for yesterdays' behavior in the European equity indexes are essentially two. The first relates to the fact that the ECB did not have introduced a system of different interest rates to liquidity that banks hold with that institution. Negative interest rates penalize the profitability of banks, as these can not compensate for the negative rates of their deposits with a decrease in the interest rate on deposits of their clients. The ECB could have differentiated what is a necessary or prudential liquidity of excess liquidity by applying them to different interest rates. The adoption of such a measure could mitigate the negative effects on the banking sector of a further reduction in interest rates on deposits. The adoption of negative interest rates on deposits have been one of the causes of strong underperformance of the banking sector in recent months. The second reason was the reaction of the euro. The European currency had the widest intra-day variation of this year, ranging between 1.0822 and 1.1116 in just over 30 minutes and later reaching 1.1217. The rise of the European currency is perhaps explained by the fact that in the forex market all measures taken by the ECB (with the exception of the reference rate descent) had already been anticipated by investors. In addition, in the lines of his speech, Mario Draghi has indicted that the potential decline in interest rates is from yesterday onward, quite limited.
 
JER08 said:
FTSE looks bullish to me, with a target in the region of 6200,6300, but I could be wrong.
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I agree but I think we might get spikes to 6110- 6105 before going up. Won't be too difficult to lure people in too early atm and hoover up the stops imho.
 
US markets closed with fairly sharp gains, thus achieving the 4th positive consecutive week. The reasons for the positive trend are several. The main reason for this last rally will be due to the perception that the risks of the US economy into recession are minimal. After an early uncertain year marked not only by the turbulence of the financial markets and the slowdown of the economy, economic indicators for February showed a very dynamic activity. The latest and most striking evidence was the employment report, released on 4 March that signaled a very dynamic labor market, with the economy approaching full employment. The second reason is due to the resilience of oil price, which recovered about 35% from the minimum of the year. Another factor that has contributed to the Wall Street rally is the need for many institutional investors to monitor the rise in their benchmarks. Furthermore, last week for the first time this year, subscriptions of equity funds were greater than redemptions, which provides more liquidity to fund managers apply to the equity market. Perhaps the only catalyst which is confined only to the Friday session was the reversal of the sense of European investors to the decisions of the ECB. Because of the change of time in the US, trading in the US stock market will start today at 13h30 and will end at 20h00 (GMT). Only on 28 March US markets will resume to normal trading hours (14h30-21h00 GMT).
 
Looking like a make or break day. Today will set the tone for the rest of the week. I'm forecasting a down week on the s&p - its come a long way and I can see sellers coming in.
 
postman said:
Looking like a make or break day. Today will set the tone for the rest of the week. I'm forecasting a down week on the s&p - its come a long way and I can see sellers coming in.
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Been short so far today selling the mini-rallies to 6140 area - been surprisingly consistent. No doubt will change soon.
 
swissy said:
Been short so far today selling the mini-rallies to 6140 area - been surprisingly consistent. No doubt will change soon.
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Whenever that happens I get very wary after 3 times. It wont stop me but the mouse is poised to strike.
 
postman said:
And heres me thinking the USA has done a deal with Iran to put more pressure on the oil price to further punish Russia!

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I would expect the oil price to recover now that Russia has been booted out of Syria.
 
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