It’s been a roller coaster ride for stock indexes in the past week with the Dow Jones rallying strongly on Wednesday post the US Fed statement only to see much of those gains erased on Thursday. Come Friday and it was off to the races again with the buyers returning to send European and US Stock Indexes to fresh new highs. Our Euro Stoxx 50 position is now nicely out in front and I urge you to consider holding this position for the coming months.
The FTSE 100 has broken above 7000 for the first time ever and provided price can stay above 6976 for the balance of the week Friday’s daily close at 7017 will be a new daily high, weekly high and monthly high. The continued rally on the FTSE this week will likely depend on oil, gas and commodity stocks holding onto their gains as the FTSE 100 is loaded with plenty of energy, gas and commodity based stocks.
Greece has been negotiating its debt arrangements with the Euro Area and German Chancellor Merkel told markets on Friday that payments to Greece could begin shortly so long as its debt reform arrangements are approved. If Greece does get approval for its reforms and money flows to Greece, which is highly likely in my view I suspect this will send stocks in Europe and the UK even higher again. Don’t miss these potential big moves!
Each day Andrew Barnett and the LTG GoldRock Team share their views on what is happening in the Forex markets to assist their LTG GoldRock Trading Community to earn profits from the markets on a daily, weekly, monthly and yearly basis. The main goal of any new investor in this market and to Learn to Trade professionally.
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