FTSE: Price action yesterday largely an irrelevance despite looking like a tiny shooting star candle. Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle

 

FTSE SHORT TERM TRADER: Short at a couple of levels; stop above well 7710. Target 7400.

FTSE POSITION TAKER: Small short at 7799; stop well above 7800. First target 7400, then 7100.

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Polish judge back in court Defies enforced retirement

Reuters reports that today Polish Supreme Court Chief Malgorzata Gersdorf (65) was back in court saying, ‘my presence here is not about politics, I am here to protect the rule of law’. She believes that recent legislation pushed through by the ruling Law and Justice party (PiS) to force more than a third of Supreme Court judges to retire is unconstitutional. The Polish government is already under pressure from the European Commission, facing the potential loss of voting rights, over changes to the judiciairy.

Fourth of July and a US Independence Day holiday marking the start of the summer driving season. This is the time when gasoline prices matter most as American citizens criss-cross the country in their cars visiting relatives and vacationing all over the place.

Financial Markets & Political Commentary

 

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