Tag Archives: DAX
SEK – no longer best in class. EUR/USD under 1.2605 will be bearish
EURUSD: It seems like the market once again failed to kick start a better correction higher.
Weekly Report
FOMC focus on labor markets “slack” The recent FOMC provided a slightly more hawkish statement by
Weekly Report
Shift in message As was expected there were no real fireworks at the last FOMC meeting.
Weekly Report
Markets have priced in rate cuts Looking forward the key event will be the European central bank policy meeting.
Weekly Report
Market ready of easing Last week ECB President Mario Draghi cautioned that some policy adjustment might be needed at the June 5th meeting.
Focus Germany
Does Germany’s special situation pose a risk to the euro? The findings of the latest Pew Research Center survey paint an impressive picture of the economic divergences within the euro area.
Global Technical Watch – Quick Charts (Sep 12)
The USD continues to show steady signs of weakening as EUR/USD extended its rally beyond the 200-day average. The next major objective is near 1.3000. With European equities a few percent away from their 2012 peaks, this is likely catalysing further EUR short covering.
DAX ANALYSIS
(6126) The DAX formed on Friday a negative outside day reversal with now 6275 – 6055 the levels to follow in the coming hours. A daily closing below 6055 will support a deeper correction.
DAX ANALYSIS
(6090)The DAX confirmed a double top formation plunging below our stop. We expect an extension of the correction toward the 200 hours line at 6039 if not even a move toward the important support line at 5873. However this decline is corrective and a new buying opportunity!!!!!!!!!!!!!
DAX ANALYSIS
(6244) The DAX confirmed a strong closing yesterday above the resistance of the inside day at 6210 supporting higher levels. We expect an extension toward the target at 6331with even a possible overshooting toward October’s high at 6456!!
DAX ANALYSIS
(6161) The DAX confirmed yesterday a session of consolidation forming a new inside day with now 6210 – 6065 the levels to follow. The closing was however positive last night but still it failed to confirm one above 6186.