Blogs

<p>In the respect, the Bank of England (BoE) is expected to maintain the benchmark rate unchanged at the historical low of 0.10% and to expand its asset purchases program by at least 100/150-billion pound at today’s monetary policy meeting. With plummeting inflation, rising unemployment and lingering risks of a no-deal Brexit, the bank has ro

<p>Investors hesitate between taking profit and letting the market slip on second-wave fears and carrying the actual rally higher on reassurance that the Federal Reserve (Fed) and other central banks would mobilize more measures to support asset prices. And it seems as today is the profit-takers’ turn to move the markets. US equity futures ar

<p>Pivot</p> <p>&nbsp;(invalidation): 38.35 Our preference</p> <p>Short positions below 38.35 with targets at 36.40 &amp; 35.90 in extension.</p> <p>Alternative scenario</p> <p>Above 38.35 look for further upside with 39.05 &amp; 39.60 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 17.3100 Our preference</p> <p>Long positions above 17.3100 with targets at 17.6000 &amp; 17.7500 in extension.</p> <p>Alternative scenario</p> <p>Below 17.3100 look for further downside with 17.1400 &amp; 16.9300 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1720.50 Our preference</p> <p>Long positions above 1720.50 with targets at 1733.00 &amp; 1740.00 in extension.</p> <p>Alternative scenario</p> <p>Below 1720.50 look for further downside with 1712.50 &amp; 1704.00 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 3154.00 Our preference</p> <p>Short positions below 3154.00 with targets at 3077.00 &amp; 3017.00 in extension.</p> <p>Alternative scenario</p> <p>Above 3154.00 look for further upside with 3184.00 &amp; 3233.00 as targets.</p>