11am update - Yellen trying to placate

US equities are battling to hold significant gains, with first resistance in the sp'1880/90 zone. As things are, a weekly close around the 1900 threshold is very viable, keeping open the door to further gains to the 1950/70 zone next week... before it all unravels again.


sp'60min

Summary

*oil inventories: -0.8 million barrels.
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Little to add..

Market looks set for a net daily gain... with further upside across much of next week.
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Here in London city..

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time for an early lunch