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Technical Analysis – GER 40 index marks highs after highs

Posted on March 27, 2024 at 4:46 pm GMT

German 40 index hits all-time high Uptrend shows ongoing strength, but a pause is likely   The German 40 index has been having an exceptional performance so far in 2024, gaining more than 10% to unlock an all-time high of 18,510 on Wednesday. The ongoing positive trend has yet to show any cracks, but with the price marking its 10th consecutive green week near the upper Bollinger band and the momentum indicators pointing to overbought conditions, the bears could be around the [..]

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Technical Analysis – Could the quieter sessions ahead impact the US 100 index?

Posted on March 26, 2024 at 10:00 am GMT

US 100 cash index is in the green today, hovering just below its all-time high The market survived a key week and is probably preparing for the Easter break Momentum indicators remain mostly on the bulls’ side The US 100 cash index is edging higher today as the market survived, mostly unscathed, the busiest week of 2024. It continues to trade a tad below its March 21, 2024 high at 18,467 but only above the October 26, 2023 ascending trendline. Following [..]

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Does the Easter break affect markets? – Special Report

Posted on March 21, 2024 at 3:46 pm GMT

Oil prices tends to rally before and after Easter Sunday Euro/dollar’s performance becomes clearer when drilling down the data Patterns emerge when focusing only on Easter Sunday occurring in March Most participants who trade based on seasonal patterns, enjoy combining the market’s performance with certain events like the Christmas and Easter breaks. This report focuses on the performance of certain key market assets: (1) during the final week before Easter Sunday, (2) the first week after Easter, (3) 30 days [..]

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How the markets could react to the Fed meeting – Special Report

Posted on March 20, 2024 at 4:32 pm GMT

Fed meeting coming up next; the market is in waiting mode The 10-year US Treasury yield usually reacts first to Fed decisions Gold and EURUSD could benefit from lower US yields The much talked about Fed meeting is taking place tonight at 18.00 GMT with the usual press conference held 30 minutes later. There is a growing debate about the outcome of the meeting, the overall rhetoric by Chairman Powell and the famous dot plot. There are some voices in [..]

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JP225 index marches higher after BoJ’s dovish hike – Stock Markets

Posted on March 20, 2024 at 4:15 pm GMT

Japanese stock markets advance after BoJ hike decision Baby step to normalize monetary policy boosts confidence in economy BoJ’s pledge for accommodative stance also aids   First hike since 2007 On Tuesday, the Bank of Japan raised interest rates for the first time in 17 years, dragging them out of the negative zone. Besides that, policymakers in Japan announced the end of the yield curve control policy and purchases of risky assets such as domestic ETFs. However, they remained committed to keep buying bonds and [..]

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Technical Analysis – Will JP 225 index continue its record rally?

Posted on March 20, 2024 at 1:43 pm GMT

JP 225 index flirts with all-time highs Short-term technical signals remain encouraging   Japan’s 225 stock index (cash) is on the rise again, aiming to revive its five-month-old positive trend above the March record high of 40,564 after finding support near the 38,310 area. The technical signals favor the upward move in the price as the RSI is sloping northwards and is still some distance off its 70 overbought mark. The stochastic oscillator continues to trend up, and the MACD is looking [..]

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Technical Analysis – US 500 cash index looks forward to the Fed meeting

Posted on March 19, 2024 at 8:51 am GMT

US 500 index continues to trade a tad below its all-time high Bulls could be taking a breather as the October 27, 2023 trendline acts as support Momentum indicators mostly support the prevailing bullish appetite The US 500 cash index is trading sideways today, a tad below its all-time high of 5,189 recorded on March 14. The market is most likely in anticipation mode for this week’s key events and particularly Wednesday’s Fed meeting. Having said that, the pace of the [..]

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Why do US stocks keep ignoring downside risks? – Stock Markets

Posted on March 14, 2024 at 10:34 am GMT

S&P 500 posts record high despite upbeat CPI print Projections of fewer rate cuts do not scare stocks Can this rally extend without a sizable correction?   Stocks unhindered by hotter-than-expected inflation report On Tuesday, the S&P 500 recorded a fresh all-time high, while both the Nasdaq 100 and Dow Jones finished the session in the green despite the stronger-than-expected US CPI print. Specifically, the headline inflation measure came out at 3.2% in annual terms for February against a 3.1% [..]

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Technical Analysis – Intel stock battles with 50-day SMA

Posted on March 13, 2024 at 9:51 am GMT

Intel shares advance after consolidation period But struggle to conquer the 50-day SMA Momentum indicators turn positive Intel’s stock had been stagnant since late January, following a significant bearish price gap in the aftermath of the firm’s Q4 earnings announcement. Although the price attempted a recovery in the past few sessions, the 50-day simple moving average (SMA) seems to be acting as a strong ceiling. If bullish pressures persist and the price conquers the 50-day SMA, immediate resistance could be [..]

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Technical Analysis – US 100 stock index at risk of double top

Posted on March 12, 2024 at 2:01 pm GMT

US 100 stock index forms bearish structure The market could balance selling forces above 17,800   The US 100 stock index (cash) seems to have formed a bearish double top pattern within a rising channel and around the peak area of 18,338. The bears will have to successfully complete that negative pattern below the 17,800-17,914 neckline to visit the 50-day exponential moving average (EMA) and the 23.6% Fibonacci of 17,389. Slightly lower, the constraining ascending line from January 2023 might act as a safety [..]

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