GER30 Subdued Amidst Lack of Catalysts
European traders try to shake-off Friday’s Coronavirus jitters and the relevant drop of the German Index
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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European traders try to shake-off Friday’s Coronavirus jitters and the relevant drop of the German Index
Oil takes a breath after last week’s decline, on the back persistent talk of major countries globally releasing their strategic reserves to contain oil prices and thus stem inflation
The pair registered a mixed week, as it erased gains from Wednesday’s 4+ year-highs and dropped on Friday, but today it manages to attract buyers
The pair comes from two straight weeks of losses and today its remains soft, exposed to Friday’s 2021 lows
This was the last big week from an earnings prospective, with large US retailers, EV startup Lucid and tech giant Nvidia standing out
The Chinese smart electric vehicle (“Smart EV”) company, announces its financial results for the third quarter of the year, on Tuesday November 23, before the US markets open.
Broader market sentiment took a nose-dive, after Austria announced lockdown measures to restrain the spread of the coronavirus
The common currency managed to stage a solid rebound yesterday, but today, it faces renewed pressure on the back of fresh dovish ECB rhetoric
UK Retail Sales rose more than expected in October, adding to a series of supportive economic data for the British Pound
The pair finds support over the last couple of days, after having taken a beating earlier in the week from dovish RBA rhetoric and hot US CPI Inflation, but will struggle to avoid a negative weekly close
The pair maintains its positive undertone and runs its third straight profitable day, managing to extend this week’s gains into new monthly highs
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