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FTSE off lows as oil hovers around $30

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    European stock markets opened sharply lower this morning, before staging a recovery by mid-morning. Sentiment was once again hit by the falling price of oil, which dipped back below the pivotal $30 handle, and concerns over China, where equities dropped by another huge 6 per cent overnight. Investors are clearly worried about the prospects of a sharp slowdown at the world’s second largest economy and the corresponding capital outflows there. The lack of a significant follow-through in bullish

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