FTSE extends drop as commodities weaken; ECB eyed

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    After a slightly firmer start, the FTSE has turned lower along with the wider European stock markets. This slight weakness looks to be driven by profit-taking more than anything else due to the lack of any fresh economic data during the first half of today’s session or central bank action. Monday’s mixed-bag economic pointers from China failed to spark any fireworks in the stock markets, but they have certainty weighed on some commodity prices including oil and copper. Equity market

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