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The GER30 shows relative bullishness on its weekly chart.
The Fed’s monetary tightening has weighed on the sector and on Wednesday we expect its latest decision, while the week is also dominated by the quarterly results of tech heavyweights such Apple, Amazon and more
As the real yield has diminished, the NAS100 has found support.
Today’s preliminary data showed that Eurozone and Germany manufacturing activity contracted in July, but the German index is constructive
US30 turns risk-off following the report that President Biden has tested positive for Covid.
The US30's strength may prove to be a bounce in a downtrend.
Considering the weekly timeframe, FXCM's Nasdaq CFD, NAS100, shows a decline (top chart) as the real interest rate appreciates (middle chart). As risk increases, capital will rotate out of the risk asset into a safer income-yielding investment. Moreover, the NAS100's required rate of return has increased, and its present value has adjusted downwards.
As Q2 earnings season officially starts, we consider two SPX500 daily charts.
The index slides this week, as markets gear up for another Inflation update on Wednesday and the new earnings season which gets underway
Q2 earnings kick off this week. This season will make PE analysis very interesting, given its decline towards its historical mean.
The German index starts the week with caution, as investors remain jittery due to fears of an economic downturn, with the maintenance shutdown of Nord Stream weighing on sentiment
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