Friday, 8 August 2014

Market Overview, August 08 2014

Market Overview
  • UK stocks finished the session at their intra-day lows almost as traders 
    continued to anxiously watch developments between Ukraine and Russia. 
  • Nato said that the significant increase of Russian troops near Ukraine 
    over the last few days is of "great concern" amid fears that Moscow 
    is readying to invade. 
  • Russia has denied the allegations, saying that comments from Nato 
    are misleading.
  • That came as both the Bank of England and the European Central 
    Bank (ECB) decided to keep their respective monetary policy settings 
    unchanged.The FTSE 100 ended the day 0.58% lower at 6,597.37. 
    For upcoming session it has given the closing below 50 DMA & 200
    DMA it can continue  it's downward trend and can test the level of 
    6400 with the resistance of 6700.