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Calendar event / Yesterday at 10:00 GMTpreviousforecastactualMed Current Conditions58.256.345.3Med Economic Expectations-24.1-24-17.5
Squawk / Monday at 7:00 GMTS&P 500 poised for an intermediate-term bearish shift
In two reports we published last week we highlighted the intermediate-term bearish technical signals sent by European and UK equity indices (the German DAX, the pan-European DJ EuroSTOXX 50 and the UK’s FTSE 100)
A lacklustre rebound effort by these indices and US equity averages on Friday sustains the short-term negative theme and leaves downside risks for this week.
The US key, broad benchmark average, the S&P 500, is poised just above the key, late October low (at 2603.0 for the December 2018 future), with risks growing for an intermediate-term bearish shift below here.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/sp-500-poised-for-an-intermediate-term-bearish-shift/
Calendar event / Friday at 7:45 GMT
FR Industrial production indexpreviousforecastactualMed Industrial Production, M/M%-1.8%+0.7%+1.4%
Squawk / Friday at 7:04 GMTEuropean 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/
Calendar event / Friday at 7:00 GMT
DE Industrial Production IndexpreviousforecastactualHigh Indus Output-Adj, M/M%+0.2%+0.4%-0.5%Med Indus Output-Adj, Y/Y%+0.8%+1.6%Med Construction Output, M/M%+2.2%-0.3%Med Mfring Output, M/M%0%-0.4%
Calendar event / Thursday at 7:00 GMT
DE Manufacturing orderspreviousforecastactualHigh Total Orders-SA, M/M%+0.3%0%+0.3%Med Domestic Orders-SA, M/M%+2.8%-3.2%Med Foreign Orders-SA, M/M%-1.4%+2.9%Med Total Orders-SA, Y/Y%-2.2%-2.7%
Calendar event / 05 December 2018 at 10:00 GMT
EU Retail tradepreviousforecastactualMed Retail Sales, Y/Y%+0.8%+1.7%Med Retail Sales, M/M%0%+0.2%+0.3%
Calendar event / 05 December 2018 at 9:00 GMT
EU Eurozone Services PMIpreviousforecastactualMed PMI, Services53.753.153.4
Calendar event / 05 December 2018 at 8:55 GMT
DE Germany Services PMIpreviousforecastactualMed PMI, Services54.753.353.3
Calendar event / 05 December 2018 at 8:50 GMT
FR France Services PMIpreviousforecastactualMed PMI, Services55.35555.1