DAX FUTURES ANALYSIS 07/08/2017
The strong bullish candle on Friday (helped undoubtedly by a euro correction) has put the DAX back at another key crossroads. Is this a rally going to again fail as it has down over the past couple of weeks around…
DAX FUTURES ANALYSIS 03/08/2017
DAX futures remain under pressure as any sign of a rally continues to be sold into. This means that support levels will continue to be broken as the market moves back towards a test of the next key low at…
THE DOLLAR BEGINS TO STABILISE AHEAD OF PAYROLLS #HIGHTRADE
Market Overview The dollar has been weak on the back of subdued US economic indicators, with Treasury yields falling away, however there are a few signs to suggest a consolidation, perhaps even the beginning of a rally forming. However, this…
DOLLAR IMPACTED AGAIN AS TRUMP’S SELF-INFLICTED WOUNDS CONTINUE
Market Overview The dollar remains under pressure amid increased political risk as Donald Trump’s administration goes from bad to worse. Like The Simpson’s Sideshow Bob wandering around a room of upturned garden rakes, there seems to be one self-inflicted wound…
DAX FUTURES ANALYSIS 31/07/2017
The DAX remains under selling pressure but that does not mean there are no chances to sell. With the sellers in control, intraday rallies will be seen as selling opportunities and this morning’s rally is likely to be just that….
DAX FUTURES ANALYSIS 26/07/2017
The outlook has improved in the past couple of sessions but the medium term outlook remains negative following the series of key breaches of support in recent weeks. It is interesting that yesterday’s rally had a look at the 12,303…
DAX FUTURES ANALYSIS 25/07/2017
Rallies on DAX futures are now a chance to sell. Having broken below the support at 12,303 there is now a source of overhead supply that will be looking to sell into strength. Initially that would be between 12,303/12,374 but…
DAX FUTURES ANALYSIS 24/07/2017
A huge downside break has put the bears firmly in control now. The support of the June low at 12,303 was blown out of the water by Friday’s sharp bear candle to take the DAX futures to a new 13…
EURO REMAINS STRONG AS MARKETS CALL DRAGHI’S BLUFF, BUT WILL IT LAST?
Market Overview The euro has been strong in the wake of the ECB meeting, but is the move sustainable? The market reaction to the ECB was curious yesterday. The ECB have a fine balancing act to play in the coming…
FOREX MARKETS CONSOLIDATING AHEAD OF ECB MONETARY POLICY
Market Overview Forex markets are consolidating ahead of the main risk event of the week as the ECB gears up for its latest monetary policy announcement. The market is very long on the euro, and subsequently there is an expectation that Mario…