Jump to content

My General View on the Markets - Using the DAX as reference Point


Recommended Posts

3 hours ago, Buddfox said:

 

Fed, ECB Surprise Drives Sentiment. Can DAX Recover?

DAX 40: DAX HIGHER AS ECB CALL UNSCHEDULED MEETING

European Equities are trading higher this morning as the regions bond’s advanced after the European Central Bank (ECB) announced an unscheduled meeting Wednesday to tackle volatile market conditions. Investors are looking to the ECB’s unscheduled meeting to give details on how it plans to keep bond yields of the region’s most vulnerable members in check.

This move follows a sharp widening in the spreads between the yields of Germany and more indebted southern nations, particularly Italy. Fears of stagflation driving stocks into a bear market while parts of the US yield curve remain inverted, signaling concerns that restrictive monetary policy will lead to an economic downturn.

Like most central banks the ECB is between a rock and a hard place, with high inflation, fragile economy and ever-rising energy costs any intervention to reduce risk will be welcomed.

Among the notable movers on the DAX were Continental Ag and Allianz who posted gains of 4% and 3.17% respectively.

image.png

DAX 40 Daily Chart- June 15,2022

German 40 Daily

Source: Tradingview

Technically the DAX has finally tapped the support area around the 13270 area, posting a low around 13220 before the D candle closed above support. We have seen a bullish morning on DAX as it rallied approximately 205 points during the European session to post a high of 13511.

Volatility could peak during the ECB meeting as well as the Federal Reserve Meeting later today. Intraday support may be found at 13389, 13208 and 13113 while resistance may be offered at 13665 and 13760 areas.

image.png

 

Jun 15, 2022 | DailyFX
Zain Vawda

Link to comment
  • 1 month later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,140
    • Total Posts
      93,024
    • Total Members
      42,525
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    JohnM
    Joined 07/06/23 03:55
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 7 June 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Double Corrective Position: Wave(Y) Direction Next higher Degrees: wave ((2)) of Motive Details: Wave ((2)) is likely to end at 25354.69. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25354.69. Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25354.69. level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25354.69. , the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S. dollar (BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish Divergence. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!   Elliott Wave Analysis TradingLounge 4H Chart, 7 June 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Double Corrective Position: Wave(Y) Direction Next higher Degrees: wave ((2)) of Motive Details: Wave ((2)) is likely to end at 25354.69. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25354.69. Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from 25354.69, but has yet to break the MA200 completely. We expect Wave 2 to end at 25354.69. Price is returning to an upward trend. And a five-wave increment would support this idea. But even so, one has to be wary of a correction of wave 2 on smaller scales. Bitcoin/U.S. dollar (BTCUSD)Technical Indicators: The price is below the MA200 indicating a Down Trend, Wave Oscillator is Bearish momentum.
    • Commodity Market Technical Analysis Elliott Wave and Trading Strategies Content: US Bond Yields, USDJPY, EURUSD, AUDUSD,Dollar DXY, US Gold, GDX, Silver, Copper, Iron Ore, Lithium, Nickel, Crude Oil, Natural Gas. Commodities Market Summary: The USD DXY is pushing higher into Wave v) of C of (2) while precious and base metals are doing the opposite Trading Strategies: No strategies Video Chapters 00:00  US Gov Bonds 10 Yr Yields 01:34 US Dollar Index DXY USDJPY, EURUSD, AUDUSD 14:13 Spot Gold /  GDX ETF 18:47 US Spot Silver 20:39 US Copper / Lithium / Nickel / Iron Ore 37:51 Crude Oil  40:30 Natural Gas  46:50 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  Access Trial here... buy 1 month Get 3 months       
    • I've read the topic on the IG support page but when i go to set up a Trailing Stop on my IG Spread-Betting account i do not have the option. Does anyone know why this would be? Any help would be greatly appreciated.
×
×
  • Create New...