Two Fifteen

Two Fifteen – 20 August 2020

I’m very much looking forward to the weekend already and I only came back from holiday yesterday. That sort of sums up the market feeling too by the look of things. The FOMC minutes published last night were clearly not taken very well by investors and we are back in the red. The US slipped into the close, Asia down even harder and Europe currently following the trend. The SXXP and the SX5E both testing their 50dma level although the longer term supports remain more important for us. The SXXP range is 350-380 and it just traded 365.32 last so no real cause for alarm. Volumes overall still pretty lacklustre vs the last 20 days. We actually have decent flow in the pad so please call if you would like some colour.

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