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  • Squawk / 11 April 2019 at 5:51 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equity averages rebound, aiming higher again

    Setbacks early this week for the major, global equity indices have reflected both bullish fatigue heading into earnings season, alongside concerns regarding trade tensions between the US and Europe (despite the positive soundings from US-Sino trade talks).
    Wednesday brought a slew of economic events, including UK GDP, US CPI, the ECB decision and FOMC Meeting Minutes, with the net result being rebounds for the global equity averages after the recent pullbacks.
    This activity points towards further upside gains both today and potentially into and through mid-April.
    Here we focus on the German benchmark, the DAX, but firstly the US broad yardstick index, the S&P 500: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-averages-rebound-aiming-higher-again/
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  • Squawk / 01 April 2019 at 7:14 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    US and European equity averages pointing North again

    Last week we reported risks of a deeper correction to US and global equity markets.
    Subsequent strong advances across Asian, European and US stock markets and averages have rejected a more negative theme and seen risks flip back to the upside into early April.
    This morning has seen strong gains driven by optimism from Chinese Purchasing Managers Index data, particularly for Manufacturing.
    Here we focus on the US benchmark average again, the S&P 500, but first the German flagship index, the DAX.

    Report here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-and-european-equity-averages-pointing-north-again/
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  • Squawk / 27 February 2019 at 6:54 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    European equity averages stay strong

    An erratic session on Tuesday, with global equity markets rallying, dipping and rebounding already this week, but the underlying “risk on” theme remains intact.
    Equity markets have been bolstered by positive news from the weekend regarding developments in the US-Sino trade negotiations and more recently by the willingness for the UK Government to look to extend the Brexit leaving date, making a No Deal Brexit less likely.
    This has seen global equity indices move to new 2019 highs in many cases, with European averages doing particular well through late February.
    Here we spotlight the pan-European benchmark, the DJ Euro STOXX 50 and the key German average, the DAX.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/european-equity-averages-stay-strong/
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  • Squawk / 08 February 2019 at 8:06 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equity markets correct, risk for further setbacks

    A notable corrective selloff for global equity markets over the past 24 hours as various “risk off” events have impacted asset classes.
    These included a more dovish, cautionary tone from Reserve Bank of Australia Governor Lowe on Wednesday as we featured here, a negative New Zealand Employment report and stark forecasts for Europe from the European Commission who significantly cut Eurozone economic growth forecasts for 2019 and 2020.
    This encouraged already stalling European and US equity markets to turn recent consolidation price action to more notable corrections through support levels, leaving risks for further negative activity today (maybe beyond);
    Here we focus on both the DAX and S&P 500.

    See the full article article with individual market analysis, support/ resistance levels here:
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  • Squawk / 28 January 2019 at 6:53 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equity markets stay firm, aim higher

    A solid advance into the end of last week across the major global equity markets, with the major European averages (not including the FTSE 100) pushing to new recovery highs for 2019.
    This positive price action has reflected ongoing optimism around the US-Sino trade negotiations, the fact that the US government shutdown has at least been temporarily ended, plus a relatively positive earning season in Europe and the US thus far in Q1.
    This points the major US and European indices higher into late January (possibly early February) and here with focus in the German benchmark average, the DAX.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-markets-stay-firm-aim-higher/
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  • Squawk / 15 January 2019 at 6:30 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equities poised for further up legs t the 2019 advances

    Global equity indices have posted solid, sideways consolidation activity over the past week, defending support levels from the recent early 2019 recovery rallies.
    The strong advances so far this year have been driven by both a more dovish tone from the Federal Reserve in the US and a perception of positive progress on trade talks between the US and China.
    The consolidations that have been seen into mid-January should provide platforms from which to launch higher, to challenge more significant resistance levels and turn the intermediate-term outlooks for equity indices from bearish to neutral and even to bullish.
    Below we focus on the US broad benchmark average, the S&P 500 E-mini and the German benchmark, the DAX.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-poised-for-further-up-legs-t-the-2019-advances/
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  • Squawk / 11 January 2019 at 6:48 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equity averages forming better bases

    In previous articles already this week lwe have highlighted basing effort by global equity averages (the S&P 500 and DAX).
    These technical bottoming attempts have been reinforced through this week from the fundamental side by apparent progress in the US-Sino trade talks and further dovish comments from Fed speakers, with the FOMC Minutes on Wednesday reinforcing these dovish outlooks.
    Here we revisit the S&P 500 future, which has recently neutralised an intermediate-term bear theme, with the asymmetrical risks towards an intermediate-term bullish shift.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-averages-forming-better-bases/
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  • Squawk / 07 December 2018 at 7:04 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    European equity indices join the FTSE 100 in bearish shifts

    In yesterday’s report here we noted the plunge lower by the FTSE 100 future for an intermediate-term bearish technical shift.
    Further losses for the FTSE 100 on Thursday reinforced this view, with the UK benchmark average joined in the negative technical development by major European equity indices.
    Both the German DAX index and the pan-European DJ EuroSTOXX 50 pushed down through multi-month lows to signal more aggressively bearish technical analysis outlooks into December.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/european-equity-indices-join-the-ftse-100-in-bearish-shifts/
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  • Squawk / 06 December 2018 at 16:24 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Germam DAX and NZDJPY Elliot Wave Technical Analysis by Gregor Horvat

    German DAX can be unfolding a bigger, overlapping decline down from 11692 level, which we see it as a EW ending diagonal. A EW ending diagonal is a powerful reversal pattern, that consists out of five waves, and each of them has three sub-waves. That said, at the moment we see price unfolding final stages of a wave 3, that can look for support and a bullish reversal near the 10880 region, from where corrective wave 4 can follow. This wave 4 can take price towards the 11200 area, where former gap can be covered.

    For the full article and NZDJPY analysis please go here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/germam-dax-and-nzdjpy/
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  • Squawk / 29 October 2018 at 7:52 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Erratic, but lacklustre rebound efforts leave global equities vulnerable by Steve Miley

    For a second successive session on Friday, European and US equity markets attempted rebound and recovery rallies.
    However, once again, markets have been unable to send any notably positive technical signals, with bounces seen as corrective at best, advances remaining lacklustre in nature and leaving global equities vulnerable to renewed bearish forces through month-end and into early November.
    Here we focus on the German benchmark average, the DAX and the broad US yardstick, the S&P 500.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/erratic-but-lacklustre-rebound-efforts-leave-global-equities-vulnerable/
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