- the market has been trading lower and lower, within a bearish channel since mid-December 2023. The medium-term trend is therefore bearish. - This bearish channel occurs as a continuation flag pattern, correcting the bullish trend that began in October 2023. This correction was explained at the fundamental level by fading hopes for a dovish change in monetary...
Market Insight: ECB policymaker Francois Villeroy de Galhau has emphasized that the decision on rate cuts in 2024 will be data-driven, rejecting a fixed timeline. ECB President Christine Lagarde, while suggesting a potential rate cut in the summer, emphasizes the importance of data in timing the decision. Central bank officials are cautious about immediate easing...
Macro Monday 27 Headwinds for Europe but Spain demonstrating relative strength As it is New Years Eve I wanted to do an early release for tomorrow. This week we are taking a look at another major market Index in Europe and we will also look at one smaller market within this geographical location, Spain, due to its strong chart set up and promising economic...
As the comparison chart shows, the ESX50 lags behind the US500. And this trend has been observed since mid-December, a period when central banks around the world published interest rate decisions and set expectations for the future. The divergence suggests that Europe's central bankers are in no rush to join the US turn to lower interest rates — even as investors...
The market is very overbought. Pullback is a matter of time. As Christmas holiday is coming not sure if it happens in Dec or beginning of Jan. 4330 previously was a strong resistance so I’m expecting this it become strong support durrring market correction.
European shares traded sideways on Wednesday as investors held their breath ahead of the last FOMC meeting of the year. The STOXX-50 index still trades inside its narrow range between 4,5330.0pts and 4,550.0pts, with patchy performances across all sectors. At the same time, investors await further monetary developments following yesterday's US inflation reading...
EU50 & FRA40 Down. Lower High Setup. 4x move if it goes.
Following a patchy trading session in Asia, European stocks opened mixed on Monday as investors brace themselves for a risky week. The STOXX-50 index still trades well above the 4,500.0pts mark despite its failure to clear the 4,535.0pts resistance, as gains in healthcare and industrial shares are offset by losses from the consumer non-cyclical, energy and basic...
EU50 Down. Price peaking since weeks. Double Top with sharp edge. Indicating institutional intent. Divergence adds confidence. Lets aim for 3x.
Wait for the market direction to shift from a bearish to a bullish trend, or vice versa, in order to determine the most appropriate entry level to achieve more lucrative outcomes. It is essential to implement appropriate risk-reward ratio, diversify your portfolio, and avoid excessive leverage in order to minimize losses and maximize profits.
Stock indices climbed higher in the Eurozone, alongside US futures contracts, as investors brace for the US jobs report. Risk sentiment is on the rise everywhere in Europe this morning, with consumer cyclicals, industrial, energy and tech shares leading benchmarks higher towards new resistance levels following this morning’s German CPI data that came in line with...
European shares quickly bounced back up after opening lower on Thursday, as market sentiment was shaken overnight by hawkish monetary hints in Japan. Some investors have been caught by surprise after BoJ Governor Kazuo Ueda hinted towards the end of the negative rates era in Japan, where the sparks of a more hawkish approach had a ripple effect across a wide range...
Stocks edged higher in Europe on Wednesday, extending gains registered in Asia overnight, as the prospects of a monetary dovish switch bolstered market sentiment. In Europe, investors continue cheering on the recent dovish hints provided by ECB officials. Market sentiment towards riskier assets has significantly improved since historically hawkish central banker...
Stocks climbed slightly before paring some of their gains at the opening of Tuesday’s trading session in Europe, while Asian shares closed in the red, as macro data led market sentiment sideways. The STOXX-50 index still trades inside its consolidation zone between 4,400.0pts and 4,430.0pts. Investors are experiencing patchy performances across all sectors as they...
Equities traded sideways in Europe on Monday amid mixed market sentiment towards risk ahead of a significant batch of new macro data this week. The STOXX-50 index drifted shortly after the opening bell before bouncing back as gains in consumer non-cyclicals, industrials, and real estate shares offset losses seen in basic material and energy stocks. Investors’...
Some folks on the TA side are looking at a HnS in Eurostoxx. Hard to disagree with this tbh. Decent R/R shorting here as stop can be quite tight vs potentially large profits. Momentum waning as well.
Yesterday, the values of the PMI index (it is characterized as a leading indicator of industrial production and services) for European countries were published: → in Germany: fact = 42.3; expected = 41.1; a month earlier = 40.7; → in France: fact = 42.6; expected = 43.2; a month earlier = 42.6; Although the index values are below 50, indicating a contraction in...
European benchmarks opened without clear direction on Thursday after mixed macro data failed to bolster market sentiment ahead of a long weekend in the US. Lower transaction volumes and decreased market volatility traditionally occur during the long Thanksgiving weekend, when US investors stay away from their trading desks. In addition, the recent batch of mixed...