It is essential to understand the dynamics and correlation between the main European indices and the EuroStoxx 50. The EuroStoxx 50 is mainly influenced by the German DAX and the French CAC40, showing a strong long-term correlation between these indices. Although this high relationship is evident in the three major indices , it is not observed to the same extent...
European markets have started the week with a positive sentiment after Friday's bullish close on Wall Street, with the USA500 reaching 5000 points. In particular, the IBEX 35 has woken up with the same momentum , although the Italian index has reflected this the most in the early hours. From the end of October to the beginning of December, the IBEX experienced...
This afternoon, the Canadian government will release unemployment data, and the projections are bleak , with high unemployment rates expected at 1000 compared to 15k. Since the Christmas rally, the dollar has shown relative strength against the Loonie. Although it is in a bearish channel relative to the Canadian dollar, its movement has been upward within this...
Today is expected to be a dynamic day for the Euro/Dollar pair , as unemployment rates and bond yields are due for release. Expectations point to a rise in unemployment figures, which is generating bearish market sentiment towards the US dollar. This sentiment is also reflected in the British pound, the New Zealand dollar and the Czech koruna. Although the...
The Sao Paulo stock market, or Bovespa, is characterized by its strong presence in defensive sectors such as banking and insurance companies, as well as in commodity producers such as VALE or PETROBRAS, and energy companies such as ELETROBRAS or EQUATORIAL ENERGIA. This is common in a country with a solid export base of raw materials and foodstuffs such as AMBEV,...
Today we delve into the analysis of three key assets: Gold (GOLD), West Texas oil (LCrude) and gas futures (NGasMar24). At first glance, it may appear that these assets are unrelated, however, since 2020, Gold and Oil have experienced a de-correlated relationship. Gold, despite reaching highs in December, has experienced a de-escalation within a bullish...
The DAX index wakes up to extremely negative German export data , while the German trade balance for December benefits from Christmas orders. Crucial data is expected this morning: the January PMI in Germany (slight decline expected) and in the Eurozone (expected to remain unchanged). In addition, UK and US PMI could impact the day.
From a technical point of...
The intriguing mismatch between the Nasdaq and the 10-year US Bond since last November reveals the strong influence of the 'Magnificent 7' . While the Nasdaq has reached highs in late January continuing the Christmas rally, reaching 17,791.75, the bond has experienced a decline, generating an unprecedented negative de-correlation. Although technical analysis...
- Since November 2023, the FTSE-MIB has been registering higher highs and lows. The medium-term trend is therefore bullish.
- More recently, prices have consolidated in a tight trading range for several weeks. This accumulation phenomenon ended yesterday as the market finally extricated itself from its lateral channel while the two exponential moving averages at...
- Since October 2023, the decreased appetite for the US Dollar, particularly due to hopes of a more dovish monetary policy in the United States, has allowed the Euro to regain ground.
The EURUSD then traded in a bullish channel until the end of 2023, until 1.1141, the trend was therefore bullish in the medium term.
- However, since the start of 2024 and the...
The four-hour technical analysis suggests a bearish outlook for the EURUSD , while on the fifteen-minute candlesticks it remains in the lower region of the intermediate channel. The upper boundary of the four-hour channel indicates a range in three zones, upper 1.10094 and 1.09336. Intermediate 1.09336 and 1.08157. Lower 1.08157 and 1.06579. Intermediate trading...
- The market has been moving within a bearish channel since the beginning of December 2023, prices are therefore following a bearish trend in the medium term.
- Since the last impact on the bottom of the channel at $436.30, investor appetite has clearly returned, leading the market to a strong rebound. This change in sentiment was also confirmed on the DMI...
Gold sideways in the upper zone of the bearish channel of gold in 15-minute timeframe in the range of 2006.78 to 2019 USD . Possibility of reaching 2032 USD.
The previous daily range touched the 2019.35 level, so although at a technical level a possible rebound with a return to the upper part of the bearish channel is visualized, the general monthly trend...
- The market has been trading in a bullisjh channel since the beginning of January, the short-term trend is therefore bullish.
- Lately, prices have attempted twice to clear a significant resistance at 188.65, without success.
These failures led the market to the lower bound of its bullish channel, just above a support over 187.32.
The DMI indicator displays a...
- the market has been trading lower and lower, within a bearish channel since mid-December 2023. The medium-term trend is therefore bearish.
- This bearish channel occurs as a continuation flag pattern, correcting the bullish trend that began in October 2023.
This correction was explained at the fundamental level by fading hopes for a dovish change in monetary...
- As for all cryptocurrencies, SOLANA has experienced a bullish rally since October 2023. The medium-term trend is therefore clearly bullish.
- Since the end of December 2023, the market has been in a consolidation phase in the shape of a symmetrical triangle, generally perceived as a trend continuation pattern. The two long exponential moving averages are still...
- The hedge funds' favorite index has registered higher high peaks and bottoms since the end of October 2023, the medium-term trend is therefore bullish.
- Since the start of 2024, the American index has followed the overall trend of reduced risk appetite from investors, leading the market to a consolidation phase. This consolidation is characterized by the end...
- The market has been trading in a bearish channel since the beginning of November 2023, registering lower highs and lows, the medium-term trend is therefore bearish.
- In the shorter term, prices registered a sharp rebound above $100.50, leading to a clearing of the upper bound of the medium-term bearish channel, therefore invalidating the bearish trend. Prices...
