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DAX is struggling to break the 55 and 100 Moving Averages. Since they are both declining and 55 is crossing over 100 a Death Cross has formed indicating negative underlying sentiment. RSI is showing negative sentiment is adding to the bearish picture. The rising 200 Moving Average adds to the support.
A re-test of the support at around could be seen shortly. A close below could see DAX being pushed further down to around the 15K support area. 200 Moving Average provides some support
To demolish and reverse the bearish picture a close above 16,060 is needed
GER40 cfd Bearish picture Key support at around 15,480 is likely to be tested. Needs to close above 16,062 to reverse down-trend but RSI is bearish, 55 and 100 Moving Averages both declining supporting the bearish picture
AEX25 opened this Monday morning above key resistance at around 750. If closing above AEX could bounce further towards the strong resistance at around 763. The declining 55 and 100 Moving Averages are likely to draw a Death Cross adding to the resistance. AEX is likely to resume downtrend shortly. If closing back below 750 and below 200 Moving Average the support at around 730 could be tested
NETH25 cfd trading above 748 resistance and could move to around 762 and the 55 and 100 Moving Average before selling pressure is likely to resume. Declining 55 and 100 Moving Averages are likely to draw a Death Cross adding to the underlying bearish sentiment
BEL20 caught ranger bound after being rejected at 3,696 resistance. If bEL20 is closing back below 55 Moving Average down trend is resuming with a likely move to the 3,550 level.
A close below 3,550 is likely to fuel a new sell-off down to June lows around 3,464, possibly lower towards 3,400
BELG20 cfd A close above 3,690 is needed for further upside momentum. Downtrend could resume
CAC40 is struggling for upside momentum after braking above the falling channel and above the Cloud (shaded area). RSI is still showing negative sentiment indicating CAC40 could very well slide back below 7,284 thus resuming downtrend. Strong support at around 7,083. For CAC to get upside momentum a close above 7,405 is needed
FRA40 cfd upwards push seems to be faltering. A break below 7,284 is likely to result in downtrend to resume with a move down to support at around 7,081
The road to a bond bull market is paved, although challenges remain
Is a bond bull market ahead? Inflation still poses a risk for investors, but the moment for increasing duration to your portfolio may be approaching towards the end of the year, when central banks might be forced to cut interest rates.
FX: King dollar and its far-reaching repercussions
The furious rate hike cycle has brought gains in the US dollar, but with stagflation risks in Europe and the UK and weakness in the Chinese economy, USD may have more room to run. But a strong dollar could also have repercussions for US growth, emerging markets and commodity prices.
Equities: Higher cost of capital is getting painful
With the cost of capital rising painfully, stagflation fears are back, illuminating the fragile state of the green transformation, while giving a tailwind to nuclear power, and threatening the growth of AI-related stocks.
Commodity sector supported by peak rates, tight supply focus
With supply tightness not only in energy but all commodities, the momentum in commodity prices may continue, pressuring central banks to lower real rates. That could be a good setup for precious metals, including gold, silver and potentially platinum as well.
As the pandemic showed, even the US Treasury can experience seismic shifts. With the government increasing the pace of issuing bonds to support fiscal spending, the complex Treasury market and regulatory constraints could spark a liquidity event.
The tide has turned for bonds. Given the current yields, bonds have become an attractive investment, with added benefits including lower risk than stocks, increased diversification and a steady stream of income unaffected by economic changes.
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