The German index is soft with the economy contracting in Q4 according to today’s preliminary data, but heads to the end of an impressive month, as markets brace for Thursday’s policy decision by the ECB

International stocks are performing better than their US counterparts. This outperformance has been since Q4 last year. In this article, we use GER30 as a proxy for international equities and refer to the US30, the best performing US large-cap index.

A feeling of positivity regarding stocks is present. Here, we consider risk sentiments in Europe. We use FXCM GER30 as a proxy

The UK100 continues to trade in its daily chart’s bullish area between the upper blue and red bands. The hourly chart on the right also shows bullish developments. Its trend-following EMAs have crossed bullishly, as has its momentum based stochastic indicator (black ellipses). If the stochastic makes its way to the 80+ region (blue arrow), and holds, an underlying positive momentum will be present. This will be price supportive.

The UK100 monthly chart is trading in its bullish channel between its upper blue and red bands. The index is near 7,779, close to its all-time high (ATH) of 7,903.40 (green horizontal line).

The GER30 daily chart is trading in its bullish area between the upper blue and red bands. The Bollinger bands are expanding (black ellipses). This suggests increasing volatility. The hourly chart on the right has underlying support at the central pivot, P. If the trend-following EMAs and momentum based stochastic cross up (green ellipses), this will be viewed as a bullish development. If stochastic makes its way above the 80…

The Bank of England slowed the pace of hikes with an 0.5% adjustment, in a three-way split decision and hinted at more tightening, but guidance is vague

During the week of December 5-9, Disney launched a new streaming subscription plan that includes advertisements, the US FTC sued to block Microsoft acquisition of Activision, Uber launched a robo-taxi service and more

The German index is on the back foot this week, but the formation of a Golden Cross on the daily chart, shows potential for further advance

Helped by recent encouraging data and potentially slower pace of hikes by the ECB and the Fed, the German Index heads towards its eighth profitable week

The German Index loses steam after its six-week rally and consolidates its gains, as today’s Eurozone inflation report does not help it find direction