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Fed speakers may make FTSE 100 nervous
We have seen the FTSE move back from all-time highs, and dip below the 50-hour simple moving average (SMA) – 7372. However, buyers appear to be entering around 7350; with a busy day of Federal Reserve speakers on tap we could see further nervousness back down to 7320. A move back into the 7280/7320 zone would mark a consolidation, with a potential break lower. The target to break remains 7400.