European Market Articles

DAX bearish flag targeting 12535

DAX bearish flag looking to continue the down trend for at least the short term. SPX also starting to roll as global indices start to sell off contribution to the DAX bearish possibility. Key Points: Daily – Below 50 EMA Daily – Targeting Trend line or 200 EMA Below…

EU Recovery Fund Meeting In Focus

Essential Insights The Euro is strengthening to a 4-month high ahead of EU recovery fund talks today, with European bond spreads tightening and European equity bourses advancing. AstraZeneca PLC gained positive momentum on the back end of promising initial vaccine test results. US covid cases rise 2.2% in a single…

European Session Wrap Up 13th July 2020

Asian stocks started the week higher as the US earnings season is about to start and expectations of improving Chinese data.

FX Daily Update – European Session Wrap Up 13th July 2020

Asian stocks started the week higher as the US earnings season is about to start and expectations of improving Chinese data.

US Session, Firmer USD But Quite Markets

UK June GfK consumer confidence was slightly better than expected (‐27 vs. ‐29). The rebound in confidence has been limited so far, relative to other activity and sentiment data Dollar slightly firmer after positive NFP data but lacks real conviction US covid-19 cases reach 56.k (another new record) in just a single day

FX Daily Update – US Session, Firmer USD But Quite Markets

UK June GfK consumer confidence was slightly better than expected (‐27 vs. ‐29). The rebound in confidence has been limited so far, relative to other activity and sentiment data Dollar slightly firmer after positive NFP data but lacks real conviction US covid-19 cases reach 56.k (another new record) in just a single day

EUR/USD – ECB Backed Support But Will It Last?

EUR/USD has failed to sustain prices above 1.1000 , but downside risks have been reduced. Whilst the initial rejection from the 1.1000 level may be seen as a ceiling from further upside, there are reasons as to why EUR/USD may be building a stronger support to move higher from. The…

EUR/USD – Euro existence under threat?

EUR/USD is currently trading in a channel range. Reduced bets on Euro advancement. European Leaders are struggling to form unity.

Global Markets: Oil Prices, Indices, and Exchange Rates

As the coronavirus continues to ravage global markets, the financial markets have seen some of the utmost volatility in trading.