Forex Blog by Greg Secker

The DOW closed down 71 points after weaker than expected consumer confidence figures, watch 12350 for break or bounce off this support level. The S&P and NASDAQ both sold off after the news but are still consolidating in their ranges, watch for a break of these ranges for the next directional move. The FTSE, writes Greg, closed the day flat after finding support again on the 6280 level. Futures – DOW is called down 40 points, FTSE is called down 25 points. Oil is trading at $63.90 a barrel and gold at $665.