The potential for “buy the rumour, sell the fact” warrants caution when CPI is released
Shorts may take advantage of the CPI print to take profits. This covering may lead to risk market support.
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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
If the index can maintain its area of strength, this may be a "buy the dip" opportunity.
The German index retreats today, as Russia-Ukraine optimism wanes and Germany activates its Emergency Plan for Gas
The US index runs its fourth straight profitable day and extends gains after the solid start to the week, as markets appear optimistic around the situation in Ukraine
The left chart show's the GER30 daily heikin ashi (HA) candles. Over the last six trading sessions, the index has battled and failed to overcome overhead resistance around the 14,550 level (red shaded horizontal). HA candles are trend-following in nature, and the latest candle has turned red after the index reaction off of resistance - a bearish development The righthand hourly chart has bearish signals. The EMAs have turned down,…
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