bayer

Dax 40 December futures momentum is clearly negative as we break the July low at 12380/360. Yesterday we made a high for the day only 35 ticks above first resistance at 12350/400 before prices collapsed as expected. We appear to have formed a 9 month descending triangle pattern & have broken the lower trend line. Yesterday we formed a bear flag so a break below 12000 is the next sell signal. FTSE 100 December futures held Monday's range so same levels apply for today but we are breaking lower over night. Remember when support is broken it usually acts as resistance & vice-versa. Update daily by 06:00 GMT. Today's Analysis. Dax December broke support at 13100/13000 for a sell signal, then 3 month trend line support at 12700/650 for another sell signal & now the July low at 12380/360 for a new sell signal. Yesterday we made a high for the day just above first resistance at 12350/400. Then we crashed below 100 month MA support at 12200/150. As I warned you, the last 3 times this MA was tested, it did not hold, in 2009, 2011 & 2020. So now we have broken below 12000 (not a surprise!) & could drop quickly to 11700/700. Gains are likely to be limited of course in the bear trend with resistance at 12100/12200. Shorts need stops above 12300. FTSE December hit 500 day moving average support at 7020/7000 but we have 2 year 38.2% Fibonacci support & June low at 6950/6910. Longs need stops below the 500 week moving average at 6850. A break lower is a major medium term sell signal. Bulls need a break above minor resistance at 7080/7100. A break higher meets strong resistance at 7160/80. Shorts need stops above 7210.

Stock index contracts are falling today as consumer sentiment declines. This time it's consumers from Europe's largest economy, Germany, where a record of pessimism has been set. Sentiment in Germany vs. DAX quotes Germany's GfK consumer climate index fell to -42.5 in October 2022 from -36.8 the previous month, reaching a new record low. This is the fourth consecutive decline, which was worse than market forecasts had predicted. The latest reading highlighted growing concerns over rising inflation and high energy prices, as well as persistent fears of recession, with income expectations falling to a new record low (down 22.4 points to -67.7), according to data released by GfK Group. Economic expectations also fell 4.3 points to -21.9, reaching their lowest level since May 2009. Meanwhile, willingness to buy fell 2.8 points to -19.5, the lowest level since October 2008, marking the eighth consecutive month of declines. "The current very high inflation rate of almost eight percent is leading to large losses in real income among consumers, and thus a significant reduction in purchasing power," - Rolf Bürkl, GfK consumer expert, said. Source: Conotoxia MT5, DE40, H4 With sentiment weakening, but also with increasing chances of further interest rate hikes whether in the United States or the Eurozone, as well as a perceived energy crisis looming this winter, the German DAX index's stock price has set new local lows. At 10:19 GMT+3, the DE40 was down 1.15 percent and at its lowest level since November 2020. That's when the markets were hit by the autumn wave of the covid outbreak, and moments later a new upward wave followed with news of a successful vaccine. Then the bottom was established in the 11500 point area, and it seems that it could be a potential support for DE40. London Stock Exchange quotes It is impossible not to mention the UK stock market, which seemed to defend itself from declines for a long time. Now, however, the FTSE100 index, too, may be heading south. The UK100 instrument on the Conotoxia MT5 platform is down 1 percent to 6898 points as of 10:23 GMT+3. This week, Britain's main index hit its lowest level since March 2022. Source: Conotoxia MT5, UK100, W1 The London Stock Exchange appears to be under pressure from lingering concerns about the country's economic outlook, exacerbated by a lack of commitment to fiscal discipline. The budget plan of the UK's new finance minister Kwasi Kwarteng, which includes historic tax cuts and a massive increase in debt, has been met with strong opposition from the International Monetary Fund and the Moody's rating agency. If it is implemented, it is possible that the UK could experience a rating cut. Did you know that CFDs allow you to trade on both falling and rising prices? Derivatives make it possible to open buy and sell positions and thus trade on both rising and falling quotes. At Conotoxia, you can choose from CFDs and DMA CFDs on more than 4,000 shares of companies listed on stock exchanges from all over the world. To find a CFD or DMA CFD on a stock, all you need to do is follow 4 simple steps: To access Trading Universe - a state-of-the-art hub of financial, information, investment and social products and services with a single Smart account, register here. Click "Platforms" in the "Invest&Forex" section.Choose one of the accounts: demo or live On the MT5 platform, search for the CFD action you are looking for and drag it into the chart window. Use the one-click trading option or open a new order with the right mouse button. Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Conotoxia investment service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. Stock market news: Worse consumer sentiment and poor stock market sentiment (conotoxia.com)

Dax and FTSE 100 Dax 40 December futures shorts at resistance at 12900/950 offered a little profit on the slide to 12804, but we did not reach support at 12780/740. FTSE 100 December bouncing around with no clear direction. Today's Analysis. Dax December has now bounced back above resistance at 12900/950 & could target 13200/250. We should struggle to beat this level here today but shorts are probably too risky. If we continue higher look for 13370/380. Read next: NASDAQ Futures Down More Than 1.5%, Xi Jinping Pushes Out Youth League Members From Politburo, Spotify Users Up 20% YoY| FXMAG.COM Strong support at 12950/900. Longs need stops below 12850. FTSE December bounces back to resistance at 7000/7020. A break above this week's high at 7054 targets strong resistance at 7110/20. First support at 6900/6880.

FTSE 100 December reversed from the 7190/7200 targeting minor support at 7170/50 then strong support at 7110/7090 with a low for the day exactly here. Longs need stops below 7070. Today's Analysis. Dax December broke the 3 week rising trend line, from the October recovery - a counter trend move. So it is likely that the 2022 bear trend has resumed. However best support at 13150/100 today. Holding here allows a recovery to first resistance at 13250/350. Shorts need stops above 13400. First support at 13150/100 but longs need stops below 13050. A break lower targets second 12950/900. A break below 12850 is a medium term sell signal & confirms the resumption of the bear trend. A weekly close below tomorrow night is further confirmation of course. FTSE December a low for the day exactly at strong support at 7110/7090. Longs need stops below 7070. A break lower is a sell signal targeting 7030/20 then 6970/60. Longs at strong support at 7110/7090 can target 7180/90.

USDJPY holds steady The US dollar edged higher after November’s PPI beat estimates. Sentiment remains fragile after the price made a U-turn at 137.80, which was a brief support in the previous consolidation. Some buying interest has emerged from 135.40 with the RSI returning to the neutral area. A break above 137.80 would extend gains to the top of a faded rebound at 139.70. Only its breach could lighten up the mood and attract more buyers. On the downside, 133.70 would be a critical floor to keep the current bounce valid. EURCHF pulls back The euro retreats ahead of the ECB interest rate decision. On the daily chart, the single currency is still consolidating its gains after breaking above September’s high of 0.9850. The supply zone near the recent peak (0.9940) seems to be a hard hurdle to clear. The choppy price action is a sign of hesitation due to a lack of catalyst. 0.9820 is the closest support and the RSI’s oversold condition may attract some bargain hunters. A bounce above the psychological level of 0.9900 could trigger a sustained recovery. Read next: What’s more worrisome is the fact that we will continue to learn of all of the contagion and aftereffects of the FTX collapse in the coming weeks and months. | FXMAG.COM GER 40 struggles for support The Dax 40 fell back as traders took profit ahead of a data-intensive week. The bulls have struggled to lift offers around June’s peak of 14650. Instead, a fall below 14350 prompted short-term buyers to take some chips off the table. The former demand zone around 14400 has become a supply one, and more sellers would join the rank if the buy side fails to reclaim it. The recent low of 14150 sits on the 30-day moving average and is a major support. The index could be vulnerable to a deep retracement should it be pierced.

Financial bodies around the world both individually and collectively strive for continuous development. SEO is still at the forefront and working on the next program. What's more, the market of limited food, despite the research, will continue to develop and enjoy great popularity. In this article: Organic food industry will continue to enjoy popularity Criticized Bayer's CEO Buying your first home do not have to be stressful SEO’s Program Organic food industry will continue to enjoy popularity Some health-conscious consumers are turning to organic rather than conventional products due to concerns about highly processed foods, artificial ingredients, and the impact of pesticides, hormones, and antibiotics. The organic food industry is a dynamically developing business, whose sales increased by 12.4% last year. However, there is conflicting data on whether organic food is actually healthier and safer. Many experts also agree that there is no significant nutritional difference between organic and conventional farming. Despite this, the organic food industry will continue to enjoy popularity. The organic food industry is booming. But what does "organic" even mean? Watch the full video here: https://t.co/4b1KFVx8Ic pic.twitter.com/59K2RPX5JJ — CNBC (@CNBC) January 22, 2023 Criticized Bayer's CEO Investors and shareholder exert a large influence on the board of any company. Bayer also faces such pressures. Union Investment, criticized Bayer's CEO for his lack of commitment. Bayer is facing demands from activist investor Bluebell Capital Partners to break up, with a sale of the company's consumer health unit and, at a later stage, for a separation of Bayer's pharmaceuticals and agriculture businesses. Bayer investor criticizes Bayer chair for lack of initiative - WirtschaftsWoche https://t.co/o5Jxb42zvu pic.twitter.com/QyPpValhPX — Reuters Business (@ReutersBiz) January 22, 2023 Buying your first home do not have to be stressful Although the real estate market is not doing well in the current economic situation, there are still people who want to have their own place. Buying your first home can be exciting, but make sure you're prepared for all of the financial ramifications. The process may seem tedious, but for many people the stress of buying a home outweighs the pleasures of owning a home. Just remember that a little advance planning - and saving - can make the buying process much easier. 7 keys for first-time home buyers 🔑 Don't buy just as investment🔑 Know what you can afford🔑 Check your credit🔑 Understand all other costs🔑 Plan to put down at least 20%🔑 Know what docs you'll need🔑 Get loan pre-approval#OwnYourOwnHomeDay https://t.co/q0A1ATzgfz — Charles Schwab Corp (@CharlesSchwab) January 21, 2023 SEO’s Program In the aftermath of the global financial fund, the US banking regulator took steps to strengthen the banking system through a series of changes. The changes mainly concern digitization. The Securities and Exchange Commission (SEC) is pursuing a program that aims to transform the structure of the US market and bring about profound changes in the way equities and fixed income securities are traded. The stock market structure plan will be equally ambitious and will focus on enhancing the individual investor experience. The Securities and Exchange Commission is pursuing an agenda that is set to reshape US market structure and impose profound changes in how equities and fixed-income securities are traded.https://t.co/xeSzdCkyVL — Bloomberg Terminal (@TheTerminal) January 22, 2023

US Everyone will be watching the US inflation report as a cool report could help support soft landing hopes and seal the deal for some that the Fed is done raising rates. Expectations for the July inflation report is for headline inflation to rise towards the mid-3% range, while core inflation remains steady and holding onto the lowest levels since 2021 on both a monthly basis at 0.2% and at 4.8% from a year ago.   Any hot surprises might bolster the case that the Fed may need to raise rates at the November meeting. Wall Street will pay close attention to Tuesday’s NFIB Small Business Optimism report and trade data. Thursday is all about the inflation report and the initial jobless claims. Friday contains the release of the PPI report and the preliminary University of Michigan Sentiment report/inflation expectations. Fed speak will also include appearances by Bostic and Bowman on Monday. Harker speaks on Tuesday and Bostic provides remarks on employment on Thursday. Earnings for the week include Alibaba Group Holding, Allianz, Bayer, Berkshire Hathaway, China Mobile, China Telecom, Eli Lilly, Honda Motor, Novo Nordisk, Palantir Technologies, Rivian Automotive, RWE, Saudi Arabian Oil, Siemens, SoftBank Group, United Parcel Service, and Walt Disney Eurozone Next week starts quickly on Monday with both Eurozone Investor Sentiment and German Industrial Production.  The August Sentix Eurozone sentiment reading should show confidence remains low in August, declining further from -22.5 to -25.0.   The June German industrial production data should show the manufacturing isn’t ready to rebound as expectations on a monthly basis are for a -0.5% drop, worse than the -0.2% prior reading. Weakening data points should support the view that inflation will slow significantly later this year. UK This week is all about growth and that is disappearing in the UK. Friday’s preliminary look at Q2 GDP is expected to show the economy is stagnating.  The consensus estimate for Q2 GDP is for a flat reading (consensus range of 0.0% to 0.1%), down from 0.1% in Q1.  The BOE is still likely to deliver more rate hikes, which should mean the UK economy is recession bound. Russia The CBR will have further pressure to keep on raising rates after a hot July inflation report.  Headline inflation in July is expected to jump from 3.25% to 4.25%, well above the 4% target.  At the end of the week, the release of the advance Q2 GDP reading is expected to show the economy rebounded from -1.8% to +3.3%. South Africa Next week mainly offers tier two and three economic data with both mining data and Manufacturing production results that are expected to show a modest rebound. Turkey A few economic indicators will be released this week, with the focus mainly on June Industrial Production, which should show activity turned negative. Switzerland Unemployment data on Monday is expected to show the labor market remains tight as the unemployment rate holds steady at 2.0%.  The focus remains on inflation for Switzerland and a strong labor market could keep wages strong and that should support the SNB case for a September hike. China Three key data to watch. On Tuesday, the Balance of Trade for July, another horrendous print is being forecasted for exports growth to plunge further to -14% year-on-year from -12.4% recorded in June If it turns out as expected, it will be the third consecutive month of contraction. Imports growth is forecasted to improve slightly to -5.2% year-on-year from -6.8% in June but still a potential fifth consecutive month of contraction. Overall, such forecasts are pointing to a continuation of weak internal and external demand that market participants are getting fatigued from China’s top policymakers’ ongoing stimulus rhetoric that is too vague and too minor in the past two months in order to boost domestic consumption and the languish property sector. Consumer inflation and producer prices data will be out on Wednesday. Higher odds of deflationary risk as the forecast is calling a negative reading on inflation at -0.3% year-on-year from 0% printed in June. Producer prices are forecasted to contract again to -5% year-on-year from -5.4% in June, a potential ten consecutive months of negative growth. On Friday, we will have outstanding loan growth and M2 money supply data for July. On the earnings front, Alibaba, one of China’s Big Tech will report its June quarter 2023 earnings results on Thursday, 10 August. Noteworthy to scrutinise Alibaba’s earnings and forward guidance as China policymakers have loosened their grip on the business operations of China’s Big Tech firms. India The key highlight will be RBI’s interest rate decision on Thursday where the consensus is expecting RBI to stand pat at 6.5%, a potential third consecutive of no change on the policy rate due to easing inflationary pressures. On Friday, industrial production for June will be out, and a drop in growth is being forecasted at 4.1% year-on-year from 5.7% in May, still a potential eight consecutive month of expansion. Australia A light data week ahead, Westpac consumer confidence for August out on Tuesday where a dip of -0.7% month-on-month is being forecasted from 2.7% printed in July. Lastly, consumer inflation expectations for August will be released on Thursday.     New Zealand Two data to take note of: electronic retail card spending for July out on Wednesday, and manufacturing PMI for July on Friday. Japan The Bank of Japan (BoJ) Summary of Opinions will be out on Monday and market participants will be scrutinising any hints on the next step in monetary policy normalisation in terms of timing and form as BoJ has indirectly revised upward on the upper limit of its Yield Curve Control (YCC) on the 10-year JGB yield to 1% during its last meeting in July. On Tuesday, we will have household spending for June where the consensus is expecting a slight contraction to -4.1% year-on-year from 4% in May but on a month-month basis, a recovery is expected at 0.3% in June from -1.1% printed in May. Bank lending data for July will be released as well on the same day. Singapore The only key data will be the Q2 GDP finalised reading out on Friday where the prior flash figures brushed away a recession scare as Q2 q/q and y/y came in positive at 0.3% and 0.7% respectively. Markets Energy Oil prices have remained supported by OPEC+, as they appear committed to keeping this market tight.  The upcoming week should have some of the focus shift back to demand.  On Monday, Saudi Aramco will post their earnings results.  Tuesday has two events, with the release of some key Chinese trade data, which includes oil imports and the US EIA Short-term Energy Outlook (STEO).  On Thursday, OPEC publishes their monthly report, while the EIA releases their monthly publication on Friday. Natural gas prices have also steadied in the US over cooler weather, while Europe continues to deal with a tight market over Norwegian outages. Gold After the Treasury’s quarterly refunding announcement, concerns grew over the US widening deficit.  Gold pared weekly losses as the bond market selloff saw some relief after the NFP report showed the labor market is softening. The focus next week will be all about US inflation and some major data out of China. Soft landing hopes remain, but that could get rattled if the disinflation process stalls. Crypto Bitcoin continues to consolidate below $29,000 as volatility struggles to return.  Bitcoin was little changed after both the Treasury quarterly refunding announcement and NFP report. Regulatory decisions and ETF rulings still remain the likely catalysts to trigger a meaningful crypto move.