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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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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Overall, the dollar reacted positively to strong job data at the end of last week because that suggests the American economy isn’t as weak as had been feared. However, ongoing gains by the greenback have been absent in most pairs as it remains technically overbought with few exceptions. The very clear resistance on this chart…
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European Shares European markets slid slightly lower at the beginning of the trading session on Tuesday, as investors assess lingering risks coming from different fronts. Inflation, geopolitical tensions, monetary policies; a lot of this year’s uncertainty may have already been priced in, but bullish market drivers are still hard to find and there is a…
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Oil’s headwinds continue Brent Crude (symbol ‘UKOIL’) made losses in the first week of August, reaching around $95 and erasing all the gains after Russia’s latest invasion of Ukraine. The USA’s technical recession and signs of a general economic slowdown around the world have affected sentiment negatively, while there are some signs of increasing supply…
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European Shares European stocks climbed at the beginning of the trading session on Monday, alongside US futures while Asian shares closed on a mixed tone. Tech and energy shares were among the top performers following the opening bell as investors, pushed by a strong earnings season and the prospect of positive nuclear talks with Iran…
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