The UK100 is near its all-time high
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).
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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
The German index is in its sixth consecutive profitable week, in a strong rebound from October’s two-year lows, but loses steam over the last couple of days
The GER30 daily threatens to fall back into its weak zone, between the lower blue and red bands (green vertical rectangle). Furthermore, the hourly chart shows bearishness with its EMAs and stochastic having crossed negatively (black ellipses). The S1 pivot is acting as short-term support. However, the stochastic is below 20 (blue arrow). The longer it holds this position, the greater the likelihood it fails.
The bank had endured several knocks, including losing $5.1bn when Archegos Capital Management collapsed. It may need to raise capital but hasn't announced new fundraising endeavours yet. However, selling new shares will dilute the value of existing shares, and increasing debt will hurt its balance sheet further
The German index extends is losses to new two year lows, as central banks offer hawkish commentary, sustaining market apprehension over an economic downturn
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