US30’s pre-cash open is a cause for concern
US30 looks to be charting the next lower peak in its H4 chart.
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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.
The US Index posted its worst day since the height of the pandemic yesterday, as major retailers saw their bottom lines getting crushed, causing risk aversion and renewed fears of stagflation
The US30 bounce since last week Thursday has run into overhead resistance.
The GER30 is showing resilience and is outperforming the US risk markets.
Dow breaks out of short-term continuation pattern ahead of cash open.
The S&P 500 is rallying pre-cash open. However, key levels above suggest caution still needs to be exercised.
The German index made a poor start to the week with two-month lows but then rebounded and is supported today, as market sentiment seems to be in a good place
The index is harmed by the Fed’s aggressive tightening path and recent underwhelming tech sector earnings, but rebounds today after hitting the lowest level since November 2020
Stocks are under pressure following the Fed press conference last Wednesday. Fed Chair Powell took 75bps off the table for the next two meetings, and the market is now questioning this, given the rampant inflation.
The German index started the week on the front foot, but plunged yesterday as market sentiment soured, extending losses today as industrial production drops
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