GER30 short-term analysis suggests potential rally in downtrend may be at apex
German ifo points to a weak economy as the short-term chart tests resistance.
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German ifo points to a weak economy as the short-term chart tests resistance.
There was a flurry of corporate activity and news during the week of August 8-12, with Disney, Dutch retailer Ahold Delhaize, EV start-up Rivian and other companies attracting our attention
The German Index starts the week with cautious optimism, but struggles once again to extend its recovery past important technical levels
The first week of August remained a busy one, as we had a large number of high profile corporations releasing their financial results, such as chip-maker AMD, British energy giant BP, ride-hailing firm Uber and others
The GER30 shows relative bullishness on its weekly chart.
The last week of July was dominated by the Big Tech earnings, but the auto industry, plane makers and retailers were also in the spotlight
Today’s preliminary data showed that Eurozone and Germany manufacturing activity contracted in July, but the German index is constructive
The German index starts the week with caution, as investors remain jittery due to fears of an economic downturn, with the maintenance shutdown of Nord Stream weighing on sentiment
In a holiday-shortened week in the US, there was not a lack of news, as we had the latest sales figures from Ford, Amazon got a stake in a food delivery firm among other developments, as markets prepare for the latest earnings season
Shorts may target the GER30 Friday rally.
The German index slumps today and sets new June lows, heading towards its worst month of the year, amidst broader risk-off mood
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