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  • Squawk / 1 hour ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Euro STOXX Future ($FESX_F) Rebound Bias, Bull Theme Intact

    We stated in our last report that "we see a neutral tone between 3592/91 and 3632 (but rebound bias)" and the push above the higher level leaves a recovery tone for Tuesday and this week.
    Whilst minimally above 3544, we see a still bullish theme for April.

    For Today:
    We see an upside bias for 3654/56; break here aims for 3693.
    But below 3616 opens risk down to 3592/91, which we would look to try to hold.

    Short-term Outlook - Upside Risks:
    We see a bigger picture positive tone with the bullish threat for Fibo extension levels now at 3777 and 3835.
    Above here the threat is still higher for a key swing high from 2008 at 3879.
    What Changes This? Through 3544 signals a neutral tone, only shifting negative below 3457.

    Momentum: Daily, weekly and monthly momentum measures are supportive of further gains.

    View the full report here
    See our Equity Index Futures and all reports here
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  • Article / 2 hours ago

    Market Open: Eurozone and German ZEW data in the spotlight Team / Saxo Bank
    Market Open: Eurozone and German ZEW data in the spotlight
    European markets are expected to open mostly lower. Later today, market participants will keenly eye Eurozone and German ZEW economic sentiment data. Meanwhile, ECB vice president Vitor Constancio tried to assuage concerns over Greece by stating that a country that defaults would not have to leave the currency bloc. Across the Atlantic, the Redbook Index is the key economic indicator scheduled for release today.
    Read the article