GER30 Plunges on Renewed Ukraine Jitters
Fresh fears grapple markets, sending the German Index lower, after a solid start to the day due to the initial optimism for a diplomatic solution
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Fresh fears grapple markets, sending the German Index lower, after a solid start to the day due to the initial optimism for a diplomatic solution
News of partial withdrawal of Russian troops from the border with Ukraine, have created optimism to the markets, helping GER30 to profits
US Consumer Price Index (CPI) surged to the highest levels since 1982 in January, as Thursday’s data showed, leading to aggressive rate hike pricing and sending Wall Street lower
The US index is having another good week and today it remains in a lively mood, ahead of key earnings
The German index is off to a good weekly start, as it extends Monday’s gains, partly helped by the Euro’s difficulties
Weekly Chart The DAX (GER30) is moving laterally in a sideways rectangle pattern. Support is around the 15,000 level, with resistance around the 16,000 level (green shaded horizontals). Last week's candle is a bullish Dragonfly Doji. I.e., bears lost control at the low, and the week ended with the bulls in control. However, we are looking for follow-through this week as confirmation, which is yet to be established. This week's…
Daily Charts February has started well for the significant US large-cap indexes. Below we have: * the FXCM Dow Jones Industrials CFD, the US30, on the left; * the FXCM S&P 500 CFD, the SPX500, in the center; and * the FXCM Nasdaq CFD, the NAS100, on the right. We have applied: * two Bollinger Bands, which effectively gives three areas – bullish, neutral, and bearish; and * a stochastic…
January was a tumultuous month for global equities, during which the German index posted losses, but February starts in a good mood
German Gross Domestic Product contracted in Q4 on a quarterly basis, dragging the index lower today, in an difficult week for stock markets
The daily chart shows the Dow Jones Industrials (US30) on the left, the SPX (SPX500) in the middle, and the Nasdaq (NAS100) on the right. All three indexes trade in their bear areas between the red and blue bands. Notably, their respective Bollinger Bands have expanded as the downside volatility increases. Of concern are their stochastic indicators. Each is positioned below 20 (green rectangle), which is indicative of underlying bearish…
The US Index pauses its five-days losing streak, as sentiment improves today and US Yields ease from recent highs
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