Indices

The German index sheds around 1% and runs its fourth straight losing day, breaching key technical levels, amidst poor investor sentiment

The index starts this holiday-shortened week on the front foot, after two straight losing weeks that were mostly fueled by Fed tightening expectations and Friday’s broader risk aversion

European traders try to shake-off Friday’s Coronavirus jitters and the relevant drop of the German Index

Broader market sentiment took a nose-dive, after Austria announced lockdown measures to restrain the spread of the coronavirus

Introduction The GER30, FXCM's proxy for the DAX, is running rampant. It has charted an all-time high this week. Moreover, this is its sixth week of price appreciation. Of note, the index is up 9.9% since its 6 October low. This is is an astounding rate of change. It raises the question of just how long should we expect this to continue? In the near term, it would make sense…

Past performance is not an indicator of future results Further to our previous article, the NAS100 moved positively back into the daily chart's bullish area, between the lower blue and lower red bands. Moreover, the current daily RSI still has room to move before registering as overbought. Given this strength, the hourly trend-following indicators are in a bullish formation, with the shorter-term green EMA above the longer-term orange EMA. Our…

Past performance is not an indicator of future results The SPX500 reacted positively to yesterday's retail number, which beat consensus. Core Retail Sales came in at 1.7%, ahead of the 1% expected. The index was faded towards the market close and then traded down in the Asian session. However, SPX500 strength is maintained with the daily chart (left) in the bullish area between the upper blue and upper red bands.…

The German indicator posts new record highs for fifth straight day, helped by sustained Euro weakness and dovish stance from the European Central Bank (ECB)

Past performance is not an indicator of future results Source: www.tradingview.com In the monthly chart above we show the long term relative strength between the major financial markets post the pandemic lows (dashed blue vertical): 1. Stocks [represented by the S&P 500 (SPX)]. 2. Bonds [represented by the iShares 7-10 Treasury ETF (IEF)]. 3. Commodities [represented by the Thomson Reuters CRB Index (TRJEFFCRB)]. The top chart shows the relative strength…

Past performance is not an indicator of future results Previously we suggested that the NAS100 was in a good position for participants to start banking profits. Since then the index has pullback and the overbought condition has normalised. The left chart shows the NAS100 daily. It is trading on the border between the bullish and neutral areas. The hourly chart is on the right. A bullish EMA crossover and stochastic…

This is the fourth day of November in which the German index hits new all-time highs, while the European Commission upgraded its growth forecasts for the year