FTSE rises to two month high

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FTSE rises to two month high By Brenda Kelly It’s PMI day and the results already in have been disappointing, particularly in China but nobody was expecting anything stellar from there in any case. The reduction in the RRR yesterday was ultimately a signal that the PBOC was attempting to front run the weak data and avoid the selloff usually associated with the release in recent months. The pre-emptive strike has worked for now as European indices moved higher ahead of the more local PMI data.

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