- The market has been registering lower highs and lows since mid-November 2023, the medium-term trend is therefore bearish.
- Since the beginning of December, the market has consolidated within a symmetrical triangle chart pattern. The two 55 and 89 periods moving averages remain in a bearish configuration and the MACD indicator continues to evolve inside the...
- The market has been registering higher highs and lows since the end of October 2023, the medium-term trend is therefore bullish.
- More recently, the market entered into consolidation inside a symmetrical triangle continuation pattern between $44,500.0 and $41,200.0.
This consolidation caused the suspension of the end-of-year rally, confirmed by the breakdown...
- The market is trading above a bullish trend line, registering higher and higher highs and lows since the end of 2022, the long-term trend is therefore bullish.
- During the 4th quarter of 2023, prices experienced an impact on their bullish trend line just above 14,000.0pts, marking the end of a nearly 3-month long consolidation.
The sharp rebound that followed...
- The market has been trading inside a bearish wedge since the end of September 2023, registering lower highs and lows. The medium-term trend is therefore bearish.
- In the shorter term, prices have registered a sharp rebound since their impact on their annual low around $68. This rebound led the market the upper limit of its wedge, below the 23.6% Fibonacci,...
- The market has been trading within a lateral channel since the end of 2022, the long-term trend is therefore neutral.
- Since the start of Q4 2023, prices have registered a rebound above the lower bound of their trading range, at 1.0440. This move, led by the weakness of the US Dollar due to the expected change in monetary policy in the United States, led the...
European shares traded sideways on Wednesday as investors held their breath ahead of the last FOMC meeting of the year.
The STOXX-50 index still trades inside its narrow range between 4,5330.0pts and 4,550.0pts, with patchy performances across all sectors. At the same time, investors await further monetary developments following yesterday's US inflation reading...
Brent oil prices fell below $73 per barrel during early Wednesday trading, carrying the momentum of the previous session and increasing losses to more than 10% this month. The price of the barrel has been in decline, weighed on by worries over future demand. This sentiment was exacerbated by yesterday’s release of US inflation figures, which remained above the...
Following a patchy trading session in Asia, European stocks opened mixed on Monday as investors brace themselves for a risky week.
The STOXX-50 index still trades well above the 4,500.0pts mark despite its failure to clear the 4,535.0pts resistance, as gains in healthcare and industrial shares are offset by losses from the consumer non-cyclical, energy and basic...
Gold prices dropped below the $2,000 mark during early Monday trading, falling below that significant level for the first time in over two weeks. The precious metal lost some of its shine as traders’ expectations shifted following the release of US labour data on Friday, which came up better than expected. Bullion prices had been supported by hopes that the...
Stock indices climbed higher in the Eurozone, alongside US futures contracts, as investors brace for the US jobs report.
Risk sentiment is on the rise everywhere in Europe this morning, with consumer cyclicals, industrial, energy and tech shares leading benchmarks higher towards new resistance levels following this morning’s German CPI data that came in line with...
European shares quickly bounced back up after opening lower on Thursday, as market sentiment was shaken overnight by hawkish monetary hints in Japan.
Some investors have been caught by surprise after BoJ Governor Kazuo Ueda hinted towards the end of the negative rates era in Japan, where the sparks of a more hawkish approach had a ripple effect across a wide range...
Gold prices are trading steadily above the $2,000 mark, which is becoming a significant support level. The bullion price is benefiting from growing expectations that the Federal Reserve will soon pivot and start cutting rates. A significant number of observers believe that the first cut may come as early as March 2024, but this is not a majority view yet. The...
Stocks edged higher in Europe on Wednesday, extending gains registered in Asia overnight, as the prospects of a monetary dovish switch bolstered market sentiment.
In Europe, investors continue cheering on the recent dovish hints provided by ECB officials. Market sentiment towards riskier assets has significantly improved since historically hawkish central banker...
Brent oil prices are flat during early Wednesday trading after touching a multi-week low the previous day. Investors remain relatively unmoved by the potential impact that the additional voluntary production cuts agreed by the OPEC+ members will have on the market. Since the last day of November, the price of Brent has dropped more than 6%, showing that the...
Stocks climbed slightly before paring some of their gains at the opening of Tuesday’s trading session in Europe, while Asian shares closed in the red, as macro data led market sentiment sideways.
The STOXX-50 index still trades inside its consolidation zone between 4,400.0pts and 4,430.0pts. Investors are experiencing patchy performances across all sectors as they...
Brent oil prices hedged up slightly during early Tuesday trading but remain close to the two-week low touched during the previous session. Prices declined on Monday as traders questioned the impact of the additional voluntary production cuts announced by OPEC+ for 2024. With economic activity falling in China and the American economy showing signs of slowing down,...
Equities traded sideways in Europe on Monday amid mixed market sentiment towards risk ahead of a significant batch of new macro data this week.
The STOXX-50 index drifted shortly after the opening bell before bouncing back as gains in consumer non-cyclicals, industrials, and real estate shares offset losses seen in basic material and energy stocks.
Investors’...
Gold prices touched an all-time high during early Monday trading, reflecting growing expectations of a Federal Reserve rate cut within the first quarter of 2024 and simmering geopolitical instability in the Middle East. With inflation coming down faster than expected and economic activity showing signs of weakness, investors are growing increasingly hopeful that...
