In the midst of some mixed US and UK data, Michael Hewson’s trading video takes a look at the key levels for American treasuries, stocks and the sterling/dollar pair.
- S&P 500 has support from around the 1910 level but may aim higher if it can break above 1950
- US treasury prices have tried to break down over the last few years but haven’t managed it, so recent moves lower may not hold
- Sterling is seeing some weakness with industrial and manufacturing data remaining mixed but we may see a rebound in the short-term
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Video content by Michael Hewson of CMC Markets.
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