European shares close higher. Have gains for the week.

Technical Analysis

Author: Greg Michalowski | german-dax

UK FTSE recovers earlier declines.

The European shares are closing higher on the day. The UK FTSE is closing higher after trading sharply lower earlier in the day (-0.95%).  It is closing up 0.07%. 

A look at the closes shows:
  • German Dax, 0.37%
  • France CAC, 0.56%
  • UK FTSE, up 0.07%
  • Spain's Ibex, +1.06%
  • Italy's FTSE MIB, +0.68%
 UK FTSE recovers earlier declines.
For the week, the major indices are also closing higher:
  • German DAX, +1.51%
  • France's CAC, +1.86%
  • UK's FTSE 100, +0.25%
  • Spain's Ibex, +2.67%
  • Italy's FTSE MIB, +2.97%
A quick snapshot of other markets as London/European traders exit for the week shows:
  • Spot gold $-30.57 or -1.68% at $1785.24. That is up from the low for the day at $1774.42, but well below the high for the day at $1813.91. The $1800 level remains a key resistance level
  • Spot silver is trading down $0.80 or -3.42% $22.61
  • WTI crude oil futures are trading down $0.28 of -0.61% at $45.43. The low reached $44.55. The high extended to $46 and and $0.09
  • Bitcoin on Coinbase is trading down $286 at $16,763.48. The low price reached $16,400. The high extended to $17,475.  
In the forex market, the EUR has moved to be the strongest of the major currencies, while the GBP remains the weakest.  

GBPUSD on the daily chart
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