Weekly After the panic-driven selldown for the week ending 19 November, the DAX (GER30) has used the support level around 15,000 (blue shaded horizontal) to regroup. The index has charted a reference trough (T) and a reference (P) and we are assessing if a higher trough (HT?) charts. This will depend largely on next week's price action i.e., a higher low and a close above this week's high will confirm…

This week, FXCM senior market specialists, Nik and Russ, discuss the announced accelerated taper of the Fed's asset purchasing program and rate outlook for 2022. They also talk about the BoE's surprise hike, the ECB's policy stance, and look at the key calendar items for this week.

Another big week for regulators around the worlds, with probes into M&A activity and rising sectors, while airlines and Netflix were also in the spotlight

Markets seem to be in a bit of a “wait and see mode” ahead of today’s Fed meeting, which is followed by the British and European ones on Thursday

Weekly Chart The weekly DAX (GER30) has confirmed a swing low. The reference low is the candle ending 3 December (aqua arrow). Last week, the price closed above the reference candle's high (aqua horizontal). This has set up a platform for a potential upswing. Whilst it does not guarantee an upswing, an upswing cannot take place without a confirmed swing low. We also note that the black 30-week EMA has…

The index started the week with a relief rally and this gives it the opportunity to close it with profits, despite its lackluster performance during its second half

In our estimate, the DAX weekly is now at a critical juncture in terms of this week's price action. The candlestick of two weeks back is a long red candlestick down (aqua arrow). The range of the candle shows the fearsome selloff as news of the omicron variant emerged. However, last week, the DAX settled and a spinning top was charted. This is a candle of uncertainty, with neither the…

Weekly Chart Using 19 July as a starting reference, the UK100 has charted a higher trough followed by a higher peak. This is an uptrend. Last week's candle is setting up to potentially be the next higher trough in the series (HT?). If this week's candle closes above last week's high (aqua horizontal), the higher trough will be confirmed. This will create a platform for the UK100 to chart the…

Weekly Chart The DAX sold down heavily during the week ending 26 November. Last week was defined by uncertainty and a spinning top charted – bulls tried to take price higher, bears tried to take price lower, but the market closed relatively flat. Participants pay close attention to the 14,900 area, which is an identified area of support. Last week's candle (aqua arrow) is the lowest candle in a three-candle…