European Picture: The FTSE 100 in the United Kingdom are now up seven percentage points at 0.1 percent, while the money markets is presently down.
European and Asian Markets Key Points
Britain and the European Union: The FTSE 100 futures in the UK are now higher 7 points (0.1%), while the currency market will began trading at 7,269.43.
The Euro STOXX 50 futures are now up 5 points (0.12%), while the money market is expected to opened at 4,217.95.
The DAX futures are now up 11 points (0.07 percent), and the value of cash is expected to trade at 15,585.26 zone
Asian Stock Indices:
ASX 200 index declined -9.6 pts (-0.13 percent, closing at 7,138.50.
The Nikkei 225 index has gained up 231.81 pts (0.74 percent) and now stands at 31,682.57 level
The Hang Seng index has dropped -247.77 pts (-1.38 percent) and is now trading at 17,703.08 level.
China’s A50 Composite has dropped -59.54 marks (-0.47 percent) and is traded (average) at 12,516.17 zone
US Indices & Futures
DJI futures are now up by six points (0.02 percent)
Futures on the S&P 500 are now up by 1.5 points (0.03 percent).
Futures for the Nasdaq 100 are now higher by 18 points (0.12percent).
Technical evaluation of the GBPUSD (weekly graph)
Since its historic bottom in Sept 2022 owing to Liz Truss’s terrible budget suggestions, GBPUSD has provided an excellent bull pattern on the weekly graph. The 20-week EMA has served as a constant source of support through the road. Which is why it aided to the assistance once more at last week’s bottom. A minor bullish candle (Doji) subsequently developed, ending the four-week loss skid. Possibly we’re currently close to a turning point. Therefore, GBPUSD will rise in the subsequent weeks. However, keep in mind that the 200-day EMA sits at 1.28, indicating a probable level of obstruction, possibly over the short term.
Technical GBPUSD) Analysis of the Daily Graph
GBPUD created a double bottom close to 1.2600 zone, featuring two bullish pin-bars. Suggesting substantial interest over that important level according to the daily graph. The RSI (14) is above 40, indicating that the market is oversold amid an advance. Values climbed for a span of three days as high as Thursday before falling again on Friday. However, it appears that values are attempting to create a foundation before making breaking again beyond its 200-day weekly EMA in question.
Technical evaluation of the DAX (daily graph)
The benchmark DAX was pulled lowest by concerns on Friday, with the German exchange breaking below the downward trend line within its bullish band. Yet, considering the market’s supporting over the significant support zone. There is still the possibility of a rebound (at minimum in the short term).
The candle on Friday was a positive pin-bar, close over the July bottom and 50 percent retrace threshold. and briefly over the 200-day EMA. The RSI (2) likewise touched oversold territory late Friday. While index futures suggest to a higher start present-day. Reflecting Wall Street’s better leadership on Friday. While costs are still higher than last week’s low as well. The trend is for a rebound to 15,750 mark, with a reversal over bringing 16,000 marker, once again into play.
