Technical Analysis
DAX ANALYSIS
(6102) The DAX formed yesterday a positive day reversal after a test of the 6000 area where it found good support. The indicators of the daily chart are still well positive and this morning also those of the s/t ones are turning above the line supporting a possible resumption of the move up.
BUND ANALYSIS
(138,80)The BUND formed a small negative day reversal but only a daily closing below 138,49 tonight will confirm a s/t top favouring a deeper correction. The BUND is however finding good resistance above 139.
S&P ANALYSIS
The S&P confirmed on Friday a further positive closing but it failed to confirm the break above the 1279,80 level. While above 1267,00 we expect further test on the upside toward the key level at 1282,40.
CRUDE OIL ANALYSIS
CRUDE OIL confirmed a negative closing on Friday but above the opening. The indicators of the daily chart are now negative and also those of the s/t ones are turning below the line suggesting for the s/t further pressure.
GOLD ANALYSIS
GOLD confirmed on Friday a retest of the 200 days line at 1630,70 with even a small overshooting before however closing still below of it forming even a negative day reversal.
US 30Y TREASURY ANALYSIS
The BOND formed on Friday a positive day reversal but only a daily closing tonight above 143 08 will confirm higher levels. The indicators of the daily chart are however still below the line and also those of the weekly one closed below the line despite the rebound.
US 10Y TREASURY ANALYSIS
The 10Y TB formed a positive outside day on Friday but only a daily closing above 131 08 will support higher levels. We have now 130 31 – 130 01 the levels to follow in the coming hours.
Daily FX Technical Strategy – EUR weakness, USD strength broaden scope
Although early year EUR weakness was more limited to the cross rates, recent price action towards the end of last week and post NFP also triggered a broader bullish USD environment. Such price action suggests maintaining a lower focus for the EUR though we note that a band of support is fast approaching around the […]
Technical Analysis
Euro ended last week on a slippery slope with the ECB Eur index ending below its key support, EURUSD ending below the 1.2860 key junction and EURJPY trading at an 11y low. French 10y OAT’s at dangerous levels, threatning to break and trigger a substantial rise in yield,
Technical Alert
Good morning, The euro is still underperforming its major peers and the EuroStoxx50 index also looks set to lose against others… Next key ref for those at 1.2588 & 2,162… EURGBP seems set to extend the drop into the lower-0.82s (not excluding even bigger losses)… EURSEK & EURNOK encountered some responsive buying and above 8.8700 […]
DAX ANALYSIS
The DAX is still consolidating interior the negative day reversal with 5990 – 5760 still the levels to follow in the coming hours.
S&P ANALYSIS
The S&P formed a small negative day reversal but only a daily closing below 1260,20 tonight will confirm a s/t top favouring a return toward the 200 days line, support at 1245,21.