The DAX could return to 14,000 points in the short term This new bearish outlook would be reinforced in the event of a decline below the 20-day moving average. The last time the DAX broke below the Parabolic SAR indicator and its 20 session moving average after rebounding more than 15% (April and August), this … Read more
China and the Fed put pressure on Wall Street Wall Street started the week on a negative note, with the main US indices falling more than 1%, penalized by the latest events in China and hawkish rhetoric from the New York and St. Louis Fed offices. Sentiment was penalized as of Sunday evening by the … Read more
The likely slowdown in Fed tightening benefits EUR/USD EUR/USD continues to climb higher after a difficult start to the week. The exchange rate is supported by some fragility in the dollar as the Fed Minutes confirmed on Wednesday evening that the FOMC would be ready to slow its monetary tightening.Investors’ focus is now on the … Read more
Wall Street continues its bear market rally, but risks remain on the downside Wall Street ended higher yesterday after the Fed hinted that a slowdown in rate hikes could be coming soon. The minutes revealed that “a substantial majority of participants felt that a slower pace of the rise would likely soon be appropriate”, but … Read more
The situation in China will be crucial for oil prices in the short term The price of a barrel of WTI stabilized around $80 on Tuesday, after plunging to $75 on Monday for the first time since January. Oil prices were hurt on Monday by a report from the Wall Street Journal that OPEC+ was … Read more
The next economic data will be decisive for the price of gold The price of gold could regain height in the short term as it returns to test key support at $1730 and bond rates could continue to fall. Long-term rates have been falling since the end of October and could continue in this direction … Read more
The CAC 40 is marking time while waiting for PMIs, PCE inflation and speeches from the Fed The CAC 40 has stalled since last week after climbing to a 7-month high, slightly above its June and August peaks, thanks to investor speculation of less aggressive Fed tightening. However, the market could resume the downward path … Read more
EUR/USD could return to parity in the short term From a technical analysis perspective, EUR/USD is pulling back this morning after swinging up and down to a three-month high at around $1.0350 last week. The euro could retrace some of its gains from the beginning of the month and return to the short-term parity threshold … Read more
USD/CHF could rebound to 0.9850 in the near term From a technical analysis perspective, USD/CHF has rebounded strongly from major support at 0.94 after dwelling on that level for several sessions. The risk/return ratio becomes again in favor of buying above this support and the powerful rebound opens the way to a potential reversal which … Read more
Wall Street is marking time after a major rebound of 20% in 3 weeks US stock markets are marking time in the short term after three strong weeks of gains, particularly the Dow Jones which rebounded 17% from its October low. Stock markets benefited from investor speculation of possible less-than-expected monetary tightening from the Fed … Read more