GER30 Upbeat Despite Energy Worries
The German index recovers form fresh monthly lows and shakes-off worries around the supply of gas to Europe
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The German index recovers form fresh monthly lows and shakes-off worries around the supply of gas to Europe
The DAX bounce may have run its course as the index reacts off of crucial resistance.
As yields rise, pressure mounts on global indices, including the GER30.
The US30 has retraced to its 61.8% level. It is looking formidable.
The US tech index is soft today, on broader cautious market mood, while investors gear up for earning reports from Netflix today and Tesla on Wednesday
Shorts may take advantage of the CPI print to take profits. This covering may lead to risk market support.
The German index started the week on the back foot and sets fresh monthly lows today, with investors on edge as they monitor various risk factors, such as the Covid-19 situation in China and inflation
Markets started the day in a seemingly good mod as the week draws to an end, with GER30 eyeing key levels and trying for a profitable close
Nasdaq reacts of of key Fibonacci level.
Hawkish remarks by Fed’s Ms Brainard yesterday soured Wall Street sentiment, with investors also monitoring prospects of further sanctions against Ukraine
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