Outlook on FTSE 100, DAX 40 as the S&P 500 continues to trade in all-time highs
IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 83.31%, while traders in AUD/JPY are...finally stopped oscillating around the 55-day simple moving average at 8,196 and rallied above the May-to-June downtrend line at 8,234, which now because of inverse polarity, should act as support.
A rise above Thursday’s 8,289 high and the 7 June 8,306 high would put the early June high at 8,364 back on the plate.has finally managed to rise from the 50% retracement of the April-to-May advance at 18,170 to a one-week high at 18,260. Above it meanders the 55-day simple moving average at 18,329 and sits at the 18,361 early June low.trades in all-time highs around the 5,500 mark ahead of today’s US manufacturing and services PMI data.
Were a slip through the May-to-June uptrend line at 5,474 to be seen, Thursday’s low at 5,456 would be in focus. If slipped through as well, a minor top may be formed with the mid-June 5,447 high and Monday’s 5,421 low being in sight.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.
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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