The FTSE is currently indicating a higher open as traders are anticipating that the economic news from its main trading partner, European Union, comes out better then expected. Today around the same time the FTSE opens for trade, the European Union will be releasing its GDP results for the 2nd quarter. Analysts are excepting for a contraction of 0.2%, however we have heard rumours that there is a chance that the number will come out much higher. Should this happen we could see the FTSE close up more then 100 points
Gold is benefiting from bottom buying. Some traders are hoping that the recent US dollar strength is over done and that gold is poised for a jump back up to 900 dollars per ounce.
Oil benefited yesterday from the bullish inventory numbers, however the overall down trend should resume today and we could retest the 114 dollar level.
New Financial Website. Try it Now!
Posts
