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SEB: S&P500 unhealthy price action - eFXnews

FXStreet (Łódź) - As the eFXnews team point out the SEB sees S&P500's action as unhealthy, with another topside spike added on Thursday.

Key quotes

"Buyers encounter big difficulties to drive the trend further."

"A sustained drop under 1.9888/86 remains an elevated risk - and if so, extension towards 1, 965 should be accounted for."

"Current intraday stretches are located at 1,988 & 2,008."

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European Monetary Union Gross Domestic Product s.a. (YoY) in line with forecasts (0.7%) in 2Q

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EMU: GDP up 0.7% in Q2, as expected

On an annual basis Eurozone GDP grew 0.7% in Q2, down from the 0.9% increase registered the previous quarter, according to data released today by Eurostat. This result is in line with market consensus.
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