Technical Analyst, Saxo Bank
Summary: DAX/GER40 closed just below all-time high but seems likely to have a nother go in next few days. Uptrend is strong
EuroStoxx50 uptrend is stalling at all-time high. Needs a close above to move higher
DAX closed just below all-time high Friday after spiking above just shortly
The trend is up however, and RSI has cancelled its divergence indicating higher DAX levels are likely
Friday DAX touched the 1.50 Fibonacci projection at 16,330 before receding, but if Buyers can lift the Index to close above the all-time high at 16.290 there is potential to the 1.618 projection at 16.477. However, reaching 17K which is just below the 2.0 projection is not out of the question.
To demolish the bullish picture a close below 16K is needed.
The GER40cfd closed Friday just below the all-time high but is likely to have another go at closing above in the next few days.
EuroStoxx 50 was rejected at the all-time high at around 4,415. A setback down to around 4,340 could be seen before buyers is likely to have another go in closing above all-time high.
RSI sending a bit of a mixed picture; It is still showing divergence indicating weakening trend but the sentiment is positive suggesting higher Index levels.
A close above 4,415 is likely to cancel the RSI divergence sending EuroStoxx 50 towards 4,500
A close below 4,340 I s likely to put the uptrend on hold.
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy