Bank branches in the financial district and small businesses reopened Friday ahead of further protests planned for Sunday - and Monday when legislators are expected to meet to discuss an amendment to the extradition bill. Demonstrators have been met with an unusually heavy-handed approach from riot police. Over in the US, Democrat Speaker of the House Nancy Pelosi suggested that Hong Kong may not be ‘sufficiently autonomous’ to justify a special trade arrangement with her country, reports CNBC.
City AM reports that data from the Office of Rail and Road saw train passenger numbers soar to a new record high of 1.8 billion in 2018-2019. The proportion of season tickets dropped from 48 per cent ten years ago to 36 per cent, suggesting the rail fare system needs to change to match changing lifestyles and work-weeks.
DAX 30
Bullish momentum is increasing as we hold between 12000 and 12200.
SHORT TERM TRADER: Short at 11870; stop above 12200. Target 11325.
POSITION TAKER: Square.
FTSE 100
Everything’s just so painfully slow this week.
SHORT TERM TRADER: Small short at 7385; stop above 7470. Target 7100.
POSITION TAKER: Square.
S&P 500
Attempting a bounce with a hammer candle.
SHORT TERM TRADER: Short at 2885; stop above 2960. Target 2800.
POSITION TAKER: Square.
BRITISH POUND/US DOLLAR
Nothing on the horizon to liven things up.
SHORT TERM TRADER: Small long at 1.2675; stop below 1.2640. Target 1.2925.
POSITION TAKER: Square.
EURO/US DOLLAR
Bullish momentum eased a bit on yesterday’s dip below long term trend line resistance.
SHORT TERM TRADER: Long at 1.1315; stop below 1.1250. Target 1.1450.
POSITION TAKER: Square.
GOLD
Overbought again as prices seem undeterred by a band of important long term resistance that has capped since mid-2014.
SHORT TERM TRADER: Short at 1333; stop above 1360. Target 1285.
POSITION TAKER: Short at 1340; stop above 1360. Target 1270.
