Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

FxWirePro: FTSE100 likely to test 8000 level

Mega return in FTSE can’t be ruled out,

  • Based on calculations, we believe that the financial market participants are currently underpricing the possibility of a mega return in United Kingdom’s benchmark stock index FTSE100.
  • FTSE has been rising fast since it bottomed around 6750 area and currently trading at 7230 area (UK100 - CFD of FTSE100)
  • If the European Union and the United Kingdom can reach an agreement over Brexit, it would be very positive for the FTSE. If not, it can still be positive for the FTSE100 in the hope of a better outcome and Bank of England (BoE) resort to monetary policy easing.

We expect the FTSE100 to rise further and first test 7500 area and finally test key resistance around 8000. We recommend buying FTSE100 at the current level of 7230 and at dips of every 75 points.

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

March 22 19:00 UTC Released

USFCOJ Stock

Actual

0.634 Pounds B

Forecast

Previous

0.605 Pounds B

March 22 19:00 UTC Released

USBeef Stocks

Actual

479.282 Pounds M

Forecast

Previous

510.065 Pounds M

January 31 00:00 UTC 601400601400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 601400601400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 613220613220m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 601400601400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 613220613220m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 601400601400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 601400601400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 601400601400m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.