Wednesday, 9 October 2019

FTSE 100 Threatens a Death Cross, CAC 40 Has Time Yet

The 50-day moving average on the FTSE 100 is dangerously close to breaking beneath the 200DMA, an occurrence that typically precedes deeper losses.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...