FTSE: Still looking top-heavy with a bearish MACD. Chart from Analyst, Nicole Elliott – Investors Chronicle.

 

FTSE SHORT TERM TRADER: Small short at 7180; stop well above 7300. Target 7000.

FTSE POSITION TAKER: Short at 7250; stop well above 7350. Target the 6675 area.

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Central banker detained
Cabinet to meet today to discuss

Over the weekend the head of Latvijas Banka, Ilmars Rimsevics, was detained by anti-corruption officials but no details of allegations were given; both his home and his office were searched. The central bank said it will be ‘business as usual’ today with the deputy governor taking over. As well as running one of the Eurozone’s central banks Mr Rimsevics is a board member of the European Central Bank and sits on its rate-setting committee.

Chinese Lunar New Year holiday until Wednesday 21st February, President’s Day holiday in the US toady and Canada’s Family Day one also, mean that markets will probably crushingly dull today.

Financial & Political Commentary

 

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