Technical Analyst, Saxo Bank
FTSE 100 is doing better than the FTSE 250. However, it has broken below the key support at 7.000 and is likely to test the support at 6,823. If taking out the trough from March this year at 6,787 the selling pressure could accelerate pushing the Index down to support area at 6,484-6,397 and the 0.618 retracement at 6,351.
RSI is back below 40 and if closing the week below it supports bearish outlook.
FTSE 100 has over the past 1-1½ formed a double/triple top like pattern (not the most perfect one!) However, as a rule of thumb when a double/triple top pattern unfolds and is confirmed by a close below the deepest valley in the pattern price can move the same distance at the high to low distance of the pattern. The deepest valley of this pattern is 6,787 and if FTTSE 100 closes below there is a potential target of 6K indicated by the two vertical arrows.
However, since this is not the most perfect pattern the target price might be closer i.e., the support area around 6,484-6,397.
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy