Yesterday, notes Mr Secker, the FTSE 100 closed up 15 points at 4,362 and the Dow closed up 94 at 8,711. In forex news, the yen and the dollar rose against most other major currencies on increased risk aversion, on news of the US lender, CIT group facing insolvency and the overnight Indonesia hotel [...]

Yesterday, notes Mr Secker, the FTSE 100 closed up 35 at 4,237 gaining resistance from the 50ema. The Dow closed up 28 points to closed just above the 50ema. In Forex news the yen traded near a one-week low against the euro before a U.S. report today that economists said will show industrial production [...]

Yesterday, notes Mr Secker, the FTSE 100 closed up 75 points at 4,202, closing above the key level of 4,200. A mixed day on Wall Street saw the Dow closed down 38 points and the S&P closed down just 4 points. Elsewhere in Europe the DAX closed up 146 and the CAC closed up [...]

On Friday the FTSE 100 closed down 32 at 4,127 and the Dow closed down 37 at 8,146 ending the week with heavy falls. The yen and the dollar again rose as Asian stocks declined and the relative safety of the yen and the dollar was sought.  Currencies will remain sensitive to the increased risks [...]

Yesterday, notes Mr Secker, the FTSE closed down 46 points at 4,140 and the Dow closed up 11 points at 8,178. In Forex news, the recent rally in the dollar and the yen eased a little in late trading yesterday, but with little momentum as strong fears of a renewed global slowdown remain. In [...]

Yesterday, notes Mr Secker, the FTSE 100 closed down 8 points at 4,187. This forms the second close under the previous support level and 4,200. The Dow closed down 159 points at 8,163, which is its lowest level since the end of May. In Forex news, the yen has risen to a six week [...]

Yesterday, notes Mr Secker, the FTSE 100 closed down 41 points at 4,194 breaking down through support at 4,220 and 4,200. The Dow closed up 44 points at 8,424. In Forex news, yesterday saw the Dollar higher against most other currencies as once again risk aversion was on the increase. Early this morning the [...]

On Friday the FTSE 100 closed up just 2 points at 4,236 gaining support from 4,220. Wall Street was closed on Friday because of the Independence Day celebrations. The DAX in Germany closed down 10 points at 4,708. Forex news: Last week ended with dollar strong across the board and especially the euro, as the [...]

Yesterday, notes Mr Secker, 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 [...]

Yesterday, notes Mr Secker, the FTSE 100 closed up 91 points at 4,340 breaking through minor resistance. The price is now mid-way between the 2 major moving averages. The Dow closed up 57 points at 8,504 and in doing so closed above the key level of 8,500. The Dow is now starting to form [...]