Today, the Brent crude oil price has experienced a turbulent opening upwards, turning around from $86.72 to reach its current price at $87.54. The truth is that the triple bounce in the middle zone of the channel represents that the oil price has come to stay at least in this price area, after the high correction it has suffered since Friday April 12 and 19 where...
- The market trades above a bullish trendline since the 19th of April ; The short-term trend is bullish
- Since the bullish acceleration that lead the market to a 5-months high, prices have registered a sharp pull-back.
This bearish correction took the market back to the double support zone : trendline + 50% Fibonacci level.
The Ichimoku indicator still displays...
This morning we find important business confidence and consumer sentiment, inflation and CPI data from several euro zone countries, in particular the German consumer price release and the ECB's DeGuindos statement are considered relevant. Currently inflation data marked by the ECB this year has been marking a decline from 2.8% in January to 2.4% in March, so if...
Today, as a good Friday of results, the US market started upwards with the expectations of the 7 majors providing bullish joy in its premarket, despite the fact that important companies such as Intel or Hertz are not giving good data in their quarterly report.
Mostly technology and services stocks have had mixed results, but the Oil & Gas sector has been...
- AUDCHF has been trading within a bullish channel between February and April ; the mid-term trend was then bearish.
- Since mid-April, prices have registered a significant pull-back to a new low, far below the lower bound of the bullish channel.
The mid-term trend is now no longer valid.
However, a sharp rebound occurred above the 50% Fibonacci level, bringing...
- The market has been trading inside a bullish channel since the beginning of 2023 ; the long-term trend is then bullish
- Since the establishment of a new all-time high over 18,430pts, the market has registered a pull-back.
Investors, pushed by fading hopes rate cuts in the US as well as rising geopolitical tensions in the middle-east, decided to temporarily...
The bullish sentiment from Tesla's earnings release inflated global market sentiment in Europe and dragged the DAX and other indices higher today. Mostly the German index started the session higher by 0.2%, FTSE 100 by 0.3%, and the French CAC by 0.1%. . In addition to Tesla, Meta, Microsoft and Alphabet are releasing results today. Elsewhere in Europe, Orange in...
Europe's stock markets have extended initial gains at the start of the session and have recovered around 1% from the previous day. The British FTSE100 is back to its historical highs, while the EURoStoxx 50 is once again pushing towards 5,000 points, with SAP being the company that has published the best results report, climbing close to +4%. The Dutch company...
On Friday the US indices closed mixed with the Dow Jones up +0.56%, and Nasdaq and S&P500 up -2.05% and -0.88% respectively. This is a result of their lower exposure to BigTech, the dangers of inflation on the dollar and US consumer price data their favorite inflation indicator. This week we have as key data releases from the Tech sector that will emerge this week...
- The market has been trading above a bullish trendline since October 2023 ; The long-term trend was therefor bullish.
- At the end of March 2024, the market registered a bearish break-out of its long-term trendline, invalidating the bullish trend.
This situation took place as prices failed to register a new market high above 1.7342, before registering a new...
We have had a week full of negative news that has forced the FTSE100 index (Ticker AT: UK100) to cut its price from Monday to the Asian open by -3.70% and now at the European open it has rebounded by 1.36%. A possible military escalation between Iran and Israel has put the spotlight on the alert warnings in all markets and the Asian market experienced with a...
This morning we continue with Eurogroup meetings and comments from the German Bundesbank President and in the afternoon the monetary policy meetings (IRFMP) held in Washington D.C. will be held along with statements from the FED Chairman in Philadelphia and local manufacturing index data, along with US unemployment rates. This data is high impact, along with US...
- The market has been trading above a bullish trendline since mid-March ; The mid-term trend was then bullish
- More recently, the increased appetite for the US Dollar has started to put pressure on a wide range of commodities, including Cocoa.
Since the impact on 11,212, the control of the market has been taken over by sellers, leading prices back to their first...
Gold and other commodities hit record highs on Friday, with gold reaching $2,431.40 mid-session before falling -4.40% by the close of trading. On Monday it remained in an average zone already marked in previous weeks since 8 April. But in Monday's trading day the Middle East conflicts have boosted commodities again with bonds, oil and metals the biggest gainers...
- The market has been consolidating above a bullish trendline from mid-February to mid-March, the mid-term trend was then neutral.
- On the last trading session of last week (12th of April), bear traders took control of the market, leading prices to a bearish break-out of their trendline.
This break-out has even been confirmed shortly after with a pull-back on...
This afternoon US releases are expected to affect the US indices in particular the Dow Jones (Ticker AT: USAIND) retail sales, also fuel and auto sector, and the NY Empire State manufacturing index from the Federal Reserve which compiles a survey of the top 200 executives of the top companies in the sector. A change in this index can indicate the pulse of exports,...
- The market has been trading inside a bearish channel since the beginning of April ; the short-term trend is then bearish.
- This bearish short-term trend took place after short-sellers took control of the market following a new record high above 18,600pts.
Indeed, the prospect of a "higher for longer" narrative regarding monetary policies made the current high...
Metals this month have seen a meteoric rise of 5.78% since April 2 when gold's long-term range broke to the upside and has continued to do so throughout the fortnight. Since the Asian opening, gold has experienced a 0.92% growth. As we have said, gold, silver, copper and platinum have experienced a quite pronounced growth in their upward demand. The trade war...
