Markets in Asia (South Korea, China and Japan) have been leading the World stock markets for the last 12 months. Japan looks like it is finally on the way back.
However, Mexico and Spain are suffering from the influence of Donald Trump and Catalonia respectively.
The UK and Canada (the 2 markets) I have keen interest continue to grow due to the weak pound and the rebound in the commodity prices respectively.
The Toronto Stock exchange (TSX) appears to have hit resistance close to 16000. A weekly close below 15600 would be warning of another correction. A decisive move above 16000 would give a long term target of 20000. Watch the Oil $50.60 price for a weekly close above $55 on the WTIC. If Oil breaks $49 and closes below on a Daily basis, Canada will be impacted.
As for the UK, any positive news on Brexit will boost the £ and conversely impact the FTSE100. Upside target is 8000 by April 2018. Any close below 7500 on a Daily basis will be a warning that the uptrend from 15th September low of 7200 is over.
However, Mexico and Spain are suffering from the influence of Donald Trump and Catalonia respectively.
The UK and Canada (the 2 markets) I have keen interest continue to grow due to the weak pound and the rebound in the commodity prices respectively.
The Toronto Stock exchange (TSX) appears to have hit resistance close to 16000. A weekly close below 15600 would be warning of another correction. A decisive move above 16000 would give a long term target of 20000. Watch the Oil $50.60 price for a weekly close above $55 on the WTIC. If Oil breaks $49 and closes below on a Daily basis, Canada will be impacted.
As for the UK, any positive news on Brexit will boost the £ and conversely impact the FTSE100. Upside target is 8000 by April 2018. Any close below 7500 on a Daily basis will be a warning that the uptrend from 15th September low of 7200 is over.
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