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Japan Consumer Morale Improves. Gold Retreats from $5600 Highs, FTSE 100 Eyes Breakout
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Action Forex
Asia Market Wrap – Asia Tech Leads the WayAsian tech markets, led by South Korea (+23% in Jan), continue a strong rise.
The US Dollar remains shaky, trading near four-year lows after the Federal Reserve left interest rates unchanged as expected.
The FTSE 100 index is positioned for fresh highs after bouncing off its 100-day moving average from a technical perspective.
European Session – Defence and Energy Companies Lead the WayEuropean stocks recovered on Thursday, helped by rising prices for oil, gold, and silver.
(click to enlarge)Chart of the Day – FTSE 100 IndexFrom a technical perspective, the FTSE 100 index has bounced off the 100-day MA on the four-hour timeframe once more.