Slowing GDP figures combined with higher borrowing cost, stubbornly high inflation, and debt to GDP ratio at historical highs are among the most worrying signs for bull stock traders. Market volatility is likely to get higher and higher while no strong directionality will be expected as long as no significant breakthrough takes place regarding those…
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On the chart, the 50% weekly Fibonacci retracement is still the main technical reference with there being clear demand below that area. 67c seems to be a firm support for now and will probably remain so unless there’s a significant surprise from American inflation or the Fed’s meeting. To the upside, the 50 SMA from…
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Madrid is bringing the best EU performance so far as prices flirt with the strong 7,900pts/7,930pts zone in an attempt to clear their bearish trendline. However, while the DMI indicator shows an increasing bullish pressure on the very short-term, it also highlights a decrease in market directionality, meaning the current bullish price action may end…
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With the NFP approaching, rangebound action seems likely. 11 August’s low around $1.276 could continue to be an important support, especially considering the presence of the 200 SMA. To the upside, $1.305 has been tested several times without success over the last few months. In this situation, saturation can be helpful to find entries in…
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Key data this week Bold indicates the most important releases for this symbol. Wednesday 24 August 12:30 GMT: durable goods orders (July) - consensus 0.6%, previous 1.9% Thursday 25 August 6:00 GMT: German quarterly GDP growth (final, Q2) - consensus nil, previous 0.8% 6:00 GMT: German annual GDP growth (final, Q2) - consensus 1.4%, previous…
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Pressure is also lifting from the supply side, with output increases from major producers such as Saudi Arabia and Russia, with the latter finding new buyers in Asia. Against this background, there may be scope for further drops in the price of the barrel. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to…
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European Shares European shares opened mixed on Wednesday, following on from a strengthened market sentiment in Asia, but also reflecting a slower appetite for risk towards US futures. The positive mood in Asia mostly came from China as Beijing is set to potentially unveil more stimulus measures, in order to bring consumer and investors’ confidence…
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European Shares Indices climbed higher in Europe on Tuesday, despite a “risk-off” trading session in Asia, where market sentiment has been weighed down by economic worries. After inflation, economic risks are now coming under the spotlight for investors following the latest slew of poor economic data from the two biggest economies in the world this…
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The Stoxx-50 index is testing its first available short-term support level over 3,775pts following a bullish opening boosted by healthcare and utility shares. This morning’s pull-back on the previous resistance, now seen as a support, may be an occasion for the market to establish a new floor prior to reaching higher highs towards the 3,845pts/3,850pts…
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European Shares European markets followed the global trend on Thursday, extending a rally as market sentiment strengthened following the latest softer US CPI report. Cash went back from safe havens to riskier assets after investors cheered the US inflation data for July showing a decrease below estimates, which immediately sparked hopes of a less aggressive…
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