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Analysis , News

Free range FTSE

The FTSE is positive, but remains range-bound (7650-7680 channel). That said, it sits in the upper half of said range, thanks to weak June UK inflation data sending Sterling back

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Powell restores confidence

Bullish flag, pause pattern? Bulls need a break above 7675 overnight highs for another attempt on July 7717 highs. Bears require a breach of 7652 overnight lows. Watch levels: Bullish

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China trade a double-edged sword

Bulls need a break above 7713 July week’s highs; Bears require a breach of 7675 overnight resistance turned support. Watch levels: Bullish 7713 , Bearish 7675. Calls for a positive

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A hard exit for Dave

The FTSE100 is positive, holding around the highs of the day, albeit almost exactly where it started the uneventful trading session. Traders continue to chew the fat over the changing

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Morning Editorial: Who dares walks

FTSE 100 Index called to open +30pts at 7645, having extended Friday’s rebound to 7660. However, it is off its highs having been knocked back by falling highs resistance since

Analysis , News , Shares

AB Foods: Bitter sweet, no sympathy

AB Foods sits firmly at the bottom of the FTSE100 this morning, its shares down 4.1%, back around June lows, following a disappointing Q3 trading update. Revenues +3% was only

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T-day looms large

FTSE 100 Index called to open flat at 7575, holding yesterday’s range with rising support still valid at 7565. Bulls need a break above yesterday’s 7590 highs. Bears require a

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Sainsbury: Two-pronged turnaround?

It may be a mixed trading update from Sainsbury this morning but traders like it nonetheless. The result is the shares +1.2%, in silver medal position on the FTSE100.  

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China still dragging on sentiment

FTSE 100 Index called to open -20pts at 7575, holding the mid-point of yesterday’s 7630 highs and 7540 lows between rising support and intersecting resistance from last week. Bulls need

Analysis , News , Shares

McBride: Last-minute warning

Shares in household and personal care products supplier McBride slumped up to 18% this morning after the company said full-year 2017/18 adjusted pre-tax profits would be “marginally below the lower