Fri 3 Jul 2009
Yesterday the FTSE closed down 106 points at 4,234, and fell heavily because of poor NFP figures. There is a support line forming at 4,215.The Dow closed down 225 points at 8,280 and is resting just above a support line forming at 8,240. The S&P closed down 27 points at 896 and closed under the 50ema. Forex news: Unemployment in the Euro Zone and the US have reached a parity, both are now at 9.5%. USD and JPY gained against major currencies yesterday, as weak job market data from the US and Europe led to increased investor risk aversion. Key economic releases today, include the releases of service sector activity data from the UK at 9:30am. Also today is a bank holiday in the US.