​​​FTSE 100, DAX 40 and S&P 500 Bid Ahead of Powell Speech​​​

​​​FTSE 100, DAX 40 and S&P 500 continue their advance ahead of Fed Chair Jerome Powell’s 3pm (BST) speech​ at the Jackson Hole symposium.​

Oil - US Crude IG Client Sentiment: Our data shows traders are now at their most net-long Oil - US Crude since Dec 12 when Oil - US Crude traded near 68.64.Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....has seen some profit-taking this week after almost two weeks of buying frenzy.

​Minor support can be seen along the 55-day simple moving average at 18,241 ahead of the 9 July low at 18,211.'s rally from the 5 August low at 5,091, which ended one day short of matching a 20-year winning streak, so far took it to Thursday’s high at 5,642. ​​Ahead of Jerome Powell’s 3pm speech on Friday, trading between the 5,462 high and 5,562 low seen on Thursday is likely to occur.

​A rise above 5,642 would probably meet the July record high of 5,669. Potential declines below 5,562 may find support around the late June high at 5,524.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.

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