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CROSS ASSET: European Equities are extending losses

CROSS ASSET
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Unconfirmed, but looking at the quick price action, longs have bailed out (suggesting stops) below the noted 4796.00 support in VGZ4, was the November low.
    Not much in terms of support until 4757.00 next.
  • The latest lower leg in EU and the fade lower in US equities, is providing another bid into the Dollar.
  • Next immediate support in Cable is at 1.2762 Low Aug 13, but the Globe will be closely watching the most traded pair, the EURUSD and the 1.0601 level which has been rejected for a second time just now.
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  • Unconfirmed, but looking at the quick price action, longs have bailed out (suggesting stops) below the noted 4796.00 support in VGZ4, was the November low.
    Not much in terms of support until 4757.00 next.
  • The latest lower leg in EU and the fade lower in US equities, is providing another bid into the Dollar.
  • Next immediate support in Cable is at 1.2762 Low Aug 13, but the Globe will be closely watching the most traded pair, the EURUSD and the 1.0601 level which has been rejected for a second time just now.