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Clive Lambert - FuturesTechs
Clive Lambert of FuturesTech explains why he is long the FTSE 100 Index. Lambert is buying at 7270 and adding down to 7250. His stop is at 7225 and targets are at 7330, 7375, and 7450.
Squawk / 27 June 2016 at 21:52 GMT
Managing Director / Technical Research Limited
New Zealand
GBPUSD closed on its lows when the New York session ended, with traders giving it a final kick in the guts when England added insult to Brexit injury with an igniminious exit from Euro 2016 at the hands of tournament minnow Iceland. England’s manager is paid $4.6 million per year; Iceland’s is a dentist.

Earlier S&P had also put the boot in by withdrawing the UK’s proudly held AAA credit rating.

Not to be outdone, the bond market dropped the UK ten year bond yield to 0.93%, apparently a “300 year low” (see chart)

The fall out from Brexit continues to be felt in the US. Consider the graphic (below) of the federal funds rate. Probability of a rate *cut* growing by the day.

Click to enlarge on Charts below
27 June
ChartFollower ChartFollower
The Poms can't take a trick!!!


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