Technical Update - EUROSTOXX50 & DAX
Kim Cramer Larsson
Technical Analyst, Saxo Bank
EUROSTOXX50 have found support around the 0.764 retracement at 3,357. If it can stay above yesterdays close at 3,526 we could se a couple of day’s with minor correction. However, trend is down, RSI being below 40 threshold supports this picture. Selling pressure is likely to resume. March low around 3,387 is likely to be tested.
DAX closed within few points of the 0.618 retracement at 13,388. A couple of days with minor correction/sideways consolidation possibly up to around 13,700 should be expected. Selling pressure is likely to resume, however. Trend is down and March lows are still likely to be reached in May. To reverse this bearish trend DAX needs to close above 14,316.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
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The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.