Two Fifteen

Two Fifteen – 17 June 2020

A topsy-turvy week so far as the markets fluctuate between the negatives of a some increasingly tense geopolitical situations (North/South Korea and China/India) and surging Covid cases and the positives of the intractable draw of central bank stimulus. The latter winning out currently although volumes are lower overall with most sitting on the sidelines. The trend in Europe continues to be "volatile but overall sideways" with most indices trading between their 50dma levels (support) and their 200dma levels (resistance).

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