2024-06-11 09:55:16IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/GBP are long at 77.78%, while traders in EUR/JPY ar...After dropping back on Friday the index managed to recover on Monday, holding above the lows of Friday’s session. This allows the price to begin a move back towards the previous highs at 40,000, so long as the 50-day simple moving average continues to underpin the price.
Apple’s conference weighed on the Apple stock price, but gains for Microsoft and Nvidia helped the index to move higher on Monday, moving back towards the highs seen on Friday.A move to new record highs looks to be in play once again, building on the rally from late May. The index enjoyed solid gains on Monday, recouping the losses of the second half of last week.In the short-term, a close above 39,477, the 20 May high, would mark a fresh bullish development, and potentially spark a move back towards the March record highs.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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