DAX FUTURES ANALYSIS 05/07/2017
The old breakdown support at 12,487 remains a barrier of resistance as DAX futures consolidate. It is interesting to see the past couple of sessions have been posting positive candles even if yesterday’s session was a mild close lower on…
DAX FUTURES ANALYSIS 30/06/2017
A huge bear candle has completed a two month top. The big bearish engulfing candle posted yesterday has closed decisively below the support of the mid-May low at 12,487 to complete a breakdown and imply around 460 ticks of correction…
DOLLAR UNDER PRESSURE AS THE GAME OF RELATIVES TURNS AROUND
Market Overview The dollar is coming under pressure as markets reprice for the relative performance of other forex major currencies. Comments from central bankers in recent days suggest that perhaps it will not be too long before the Fed is…
MARKETS REMAIN CAUTIOUS AHEAD OF YELLEN SPEECH
Market Overview Ahead of a key speech by Fed chair Janet Yellen, market sentiment seems to be cautious once more today, whilst ECB President Mario backed the ECB’s easing plans and warned against a premature change of tack which could…
DAX FUTURES ANALYSIS 26/06/2017
Once more the market is consolidating the recent near term correction and the bulls are looking to resume control. The medium term uptrend continues to shallow and lengthen which suggests that there is a mild buying pressure in the market…
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DAX FUTURES ANALYSIS 16/06/2017
The sharp correction seen yesterday puts pressure on the bulls but there is still no decisive breakdown of the positive outlook. On the day that the June contract expires, we turn to the September U7 contract. This means that yesterday’s…
DAX FUTURES ANALYSIS 15/06/2017
Does an early correction provide another chance to buy on the DAX? The expiry of the contract tomorrow muddies the waters somewhat and could be driving a degree of the correction today. However ultimately, this correction on DAX futures should…
MARKETS CONSOLIDATING AHEAD OF THE FOMC MEETING
Market Overview Markets are in consolidation mode ahead of the announcement of FOMC monetary policy tonight at 1900BST. The Federal Reserve is set to increase interest rates by another 25 basis points. However the market is fully prepared for this…
MIXED MARKETS AS TRADERS BEGIN TO LOOK TOWARDS THE FEDERAL RESERVE
Market Overview There are some mixed moves on markets with trading sentiment starting to consolidate as traders begin to settle down in preparation for the Federal Reserve meeting on Wednesday. The moves on major markets have become more reticent and…