GER30 Upbeat as Market Prepare for the ECB’s Policy Meeting Later in the Week
The index starts the week with profits, following a mixed performance in the previous one, as sentiment seems to be in a good place today
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The index starts the week with profits, following a mixed performance in the previous one, as sentiment seems to be in a good place today
The US index is soft after yesterday’s rebound and gears up for the jobs report, at the end of a volatile and holiday-shortened week
US30 shows indecision ahead of open.
The US index is weighed by hawkish Fed-talk, as US investors return from their long weekend, after a stellar week
The German index is upbeat today as sentiment remains in a good place, after last week’s risk rebound, eyeing key technical levels
The US30 is up in pre-cash open trade after the Fed's minutes confirmed 50bps hikes for June and July. I.e. there has been no increased hawkishness than previously communicated.
Snap issued a profit warning on Tuesday, causing its stock to plunge and weighed on other tech stocks and the NAS100, amidst an unfavorable environment for the tech sector
US30 hourly chart is at key overhead resistance.
US30 looks to be charting the next lower peak in its H4 chart.
The US30's momentum is showing bearish pressure. If it maintains current readings, prices are likely to decline further.
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