FTSE..series of declining highs since February’s slump and the decidedly bearish MACD. Chart & Levels from Nicole Elliott – Investors Chronicle.

 

FTSE SHORT TERM TRADER: Square.

FTSE POSITION TAKER: Short at 7250; stop above 7300. Will add on a weekly close below 7100. Target the 6675 area.

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Cambridge Analytica furore
Zuckerberg hides behind Facebook

A whistle-blower claims that Facebook has collected data on at least 50million  social media users and passed it on to Cambridge Analytica, which has close ties to Steve Bannon, Donald Trump’s former chief strategist. It is thenalleged to have used the information on the mainly US voters to influence the outcome of the US Presidential election. British MP Damian Collins has
asked Facebook CEO Zuckerberg to testify as to whether UK social media data had been used to influence the Brexit referendum and the general election, telling him to ‘stop hiding behind his Facebook page’.

Having been selected to run the country for another 5 years, President Xi Jinping is quickly assembling his top team. Harvard educated Liu He has been promoted to vice premier, Yi Gang the new head of the People’s Bank of China having been vice governor until now, and Liu Kun will be the new finance minister.

Financial & Political Commentary

 

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