eurostoxx 50

Summary:  April has started out well on the Stock market and the positive vibe could continue for a few more weeks. EuroStoxx50 within few cents to test all-time highs. DAX could test its all-time high in coming weeks.


DAX uptrend is intact and with no RSI divergence the Index could continue to strong resistance at around 16,290A close below 15,482 is likely to put the uptrend on pause possibly even lead to a correction down to around 15K.

Medium-term uptrend is weakening with divergence on RSI but an RSI close above its falling trendline could challenge that picture. If that scenario plays out DAX could all-time highs at around 16,290.
To reverse the medium-term uptrend a close below 14,458 is needed

 

Source all charts and data: Saxo Group
GER40 cfd levels. Upside potential to 16,298. A close below 15,479 could lead to a correction down to around 15K Read next: What have Fed speakers said recently? This week Netflix, SAP, Nokia, Volvo and other big name

Stock Markets In Europe – DAX (GER 40), EuroStoxx 50, FTSE 100 (UK 100) Update

Stock Markets In Europe – DAX (GER 40), EuroStoxx 50, FTSE 100 (UK 100) Update

Jason Sen Jason Sen 28.02.2022 12:06
Dax 40 paused for quite a while at 23.6% resistance at 14360/380 with a break above 14410 eventually for a buy signal targeting 14500 & 14600/650. A high for the day here. EuroStoxx 50 MARCH we wrote: managed a bounce to 3810/00 & my next target of 3880/90. A break above 3910 signals further gains to 3950 & probably as far as strong resistance at 3985/95. A high for the day exactly here! FTSE 100 MARCH through the roof & unexpectedly reaching as far as 7530. Update daily at 07:00 GMT Today's Analysis. Dax beat resistance at 14360/380 for a buy signal targeting 14500 & 14600/650 & perhaps as far as strong resistance at 14750/850 on Monday. Sell with stops above 14900. A break higher however is a buy signal targeting 15000/15050, perhaps as far as 15300/350. Shorts at strong resistance at 14750/850 target 14650 & 14500. First support at 14380/360. Longs need stops below 14300. A break lower targets 14150 before strong longer term moving average support at 14100/000. A break below 13950 however could retest 13780/750. Less chance this will hold on the next test. EuroStoxx beat 3880/90 for buy signal hitting my targets of 3950 & strong resistance at 3985/95 with a high for the day exactly here. A break above 4010 is the next buy signal targeting 4060/70, perhaps as far as strong resistance at 4135/45. Failure to beat strong resistance at 3985/95 targets 3940 then first support at 3905/3890. A break below 3875 however risks a slide to 3845/35 before a retest of support at 3750/40. FTSE in a stunning performance as we ran up over 300 points. Could continue higher after such a strong performance targeting 7570/80 before a test of resistance at February's high of 7620/30. A break higher is a strong buy signal initially targeting 7750/70. Downside is likely to be limited with first support at 7445/30 then support again at 7385/75. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
S&P 500 (SPX) Increased By 7.1%, FTSE 100 (UK 100) Went Up As Well

S&P 500 (SPX) Increased By 7.1%, FTSE 100 (UK 100) Went Up As Well

Alex Kuptsikevich Alex Kuptsikevich 03.03.2022 10:15
  Why the S&P500 is rising now Events in Ukraine at the end of last month provoked chaos in the stock markets of all regions. However, the S&P500 and FTSE100 indexes already managed to find the support of buyers on the first day of hostilities. Since then, these indices have formed an upward trend. The S&P 500 is testing the 4400 mark, above which it last traded solidly before Feb 17th. At the same time, futures are now 7.1% higher than the minimum point at which they were a week earlier.  The FTSE100 is not gaining as much and is now up 3.4% from last week's lows. In both cases, we see an upward movement, albeit shaky. It is explained by the market's less dependence on the state of affairs in Eastern Europe since the companies represented in the S&P500 are significantly diversified and removed from the epicentre of events. In contrast, the European Euro50 on the 1st of March fell to lows for almost a year.  A similar pattern was observed for the German DAX. The charts of both indices have been dominated by sellers since the beginning of the year, and this trend has intensified sharply in the last two weeks.  The DAX and EURO50 have about 7% more downside potential in the next few days before finding support. In our opinion, central banks may now be on the side of buyers in Western Europe and the United States, which are likely to soften plans for tightening monetary policy, despite the rise in commodity prices. Worth mentioning that in times of crisis, the market quickly calculates the winners: both in February-March 2020 and last month, the market decline was general, but very soon the markets diverged in their dynamics.
Ceasing (?) Russia Vs. Ukraine Conflict And Indices - Eurostoxx 50, FTSE 100 And DAX

Ceasing (?) Russia Vs. Ukraine Conflict And Indices - Eurostoxx 50, FTSE 100 And DAX

Alex Kuptsikevich Alex Kuptsikevich 30.03.2022 10:23
The Russia-Ukraine peace talks have revived momentum in risk-sensitive assets. The market reaction to the outcome of the peace negotiations brought the indices back to where they had last been before the last days of February. The S&P500 reached its highest levels in two and a half months. European indices had bottomed as early as the 7th of March. Still, this recovery momentum stalled about a week ago, with the Euro50, FTSE100 and DAX all approaching levels where they were at the end of February, during the early days of the military conflict. The military conflict is far from over, and businesses have been badly affected by the sanctions and jump in commodities and energy. In addition, the turnaround in the indices took place well before the progress of the negotiations. Both these thesis lead us to look for other reasons behind the current share rally. In our opinion, the answer is to be found in monetary and fiscal policy. The uncertainty in Europe and the blow to the global economy looks like an important reason for the Fed to tone down its rhetoric last month and, as a result, raise the rate by 25 points rather than the 50 that we were prepared for in January. Monetary policy is still aimed at normalisation, but the authorities act more cautiously than required by the conditions of even higher inflationary pressures than estimated in January. Fiscal policy is considerably softer: Europe is discussing new stimulus and the next issue of EU joint bond; the USA is increasing defence spending and domestic programmes at new records. The remaining highly soft monetary policy and supportive fiscal policy create the conditions for further strengthening of the US and European stock markets. China is also contributing its support. The People’s Bank of China continues to inject liquidity into the financial system, supporting the pull into risky assets. Chinese indices have recovered much of March’s slump, adding 11% from the bottom in the China A50, 23% in the Hang Seng and 26% in the H-shar. It is also worth noting that stock markets are far from the overheated area, which leaves room for further upside moves in the coming days.
Chart of the Week - Gold Miners vs Energy Producers - 20.04.2022

NAS100, SPX, EuroStoxx 50, Gold (XAUUSD), US Treasuries And More - "Financial Markets Today: Quick Take" – April 13, 2022

Saxo Strategy Team Saxo Strategy Team 13.04.2022 11:07
Macro 2022-04-13 08:25 6 minutes to read Summary:  Markets are waking up about where they left off yesterday, as a US equity market rally in the wake of slightly softer than expected core US inflation in March was reversed back to its starting point. Overnight, the New Zealand central bank hiked more than expected, but guided less hawkish, so NZD fell. The Bank of Canada is expected to beat the Fed to the punch today by hiking by 50 basis points for the first time since 2000.   What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) - US equities tried to shift back to a positive stance yesterday in the wake of a slightly softer core CPI reading for March, but the rally was erased by the close, as attention is set to shift to earnings season which kicks off today in earnest. The Nasdaq 100 index has yet to break down through the 61.8% Fibonacci retracement level at 13,831, a break of which could usher in a full test of the 12,942.5 low. The less yield-sensitive S&P 500 index is farther above its respective 61.8% retracement level (4,299) but posted a weak session to new local lows yesterday, even as sentiment has recovered again overnight. Hong Kong’s Hang Seng (HSI.I) and China’s CSI300 (000300.I) were little changed.  Energy and mining stocks outperformed.  China’s Ministry of Transport has issued a notice to local governments to urge the latter to keep highways in operation in areas affected by lockdowns.  China is also piloting in eight cities to reduce the number of days required for quarantine from 14 days to 10 days.  China reported better than expected March export data (+14.7% YoY in USD terms) while imports declined (-0.1% YoY in USD terms). Trade surplus increased to USD47.4 billion (vs consensus $21.7bln, Feb $30.6bln). Stoxx 50 (EU50.I) – the Stoxx 50 index snapped back from new local lows yesterday –emphasizing the importance of the 3,800 area support – and is fairly sideways overnight in the futures, a somewhat better performance than the major US averages, where a rally attempt yesterday was fully wiped out.  A weak euro certainly helps exporters, but energy/power prices continue to weigh on Europe’s economic outlook. EURUSD and EUR pairs  – the euro continues to trade heavily and EURUDS has nearly touched the lows for the cycle around near 1.0800. It was rather disappointing for bulls that the pair failed to get more support from a consolidation lower in US yields yesterday in the wake of the slightly cooler than expected core inflation reading (more below). The ongoing unease as Russia looks set to widen its offensive in eastern Ukraine and concerns that the ECB will remain dovish tomorrow perhaps weighing. The next major level lower is the 1.0636 level posted during the pandemic outbreak panic. USDCAD is at pivotal levels in the 1.2650 area, ... ...about the half-way point of the recent  price range and near the 200-day moving average ahead of today’s Bank of Canada meeting, which is expected to bring a 50-basis point rate hike (to take the policy rate to 1.00%), which would be the first rate hike of more than 25 bps since 2000. But with the Fed seen likely matching the Bank of Canada’s pace of tightening by year-end, the BoC may need to guide hawkish, or CAD may need to find more support from rising oil prices and improving risk sentiment broadly if it is to stage a rally against the US dollar. The technical situation certainly looks pivotal. Gold (XAUUSD) The advance in gold prices was a bit more impressive yesterday as the move higher above the key 1,966 area stuck, though the real challenge remains a bid to retake the psychologically important 2,000 level. The dip in treasury yields yesterday and weak risk sentiment in equities provided some of the boost. Crude oil (OILUKJUN22 & OILUSMAY22)  A solid comeback for oil prices yesterday, as WTI crude joined Brent in trading back above 100/bbl ahead of weekly US crude oil and product inventories from the DoE today. China moving to ease some of the Shanghai covid lockdowns may have boosted sentiment on the demand side. And longer-term supply concerns are in clear evidence as long-dated crude for December of 2023, trades within two dollars of the highest daily close for the cycle back in early March. US Treasuries (IEF, TLT) and European Sovereign Debt. Treasury traders took the slightest easing of the pace of core March US inflation as a signal for consolidation yesterday, as yields dropped all along the curve, and more so at the front end as the market perhaps figures that as long as the pace of inflation rises moderates, it can stop the constant upward adjustments to the perceived path of Fed policy tightening this year. A US 10-year treasury auction saw tepid demand yesterday. Today sees a 30-year T-bond auction. EU yields also eased lower yesterday from new cycle- and multi-year highs. What is going on? New Zealand’s RBNZ surprises with 50-basis point hike, but guides less hawkish.  The market was looking for a 25-basis point move to take the Official Cash Rate to 1.25%, but instead got 50 basis points and a 1.50% policy rate. The argument in the statement was that the bank saw it prudent to bring hiking forward to reduce the risks of rising inflation expectations. At the same time, the statement frets the slowing pace of global economic activity. After an initial spike higher on the impact of the larger than expected hike, the NZD traded lower in the wake of the decision as the 2-year NZ rate dropped some 15 basis points. AUDNZD also retains an upward bias given the demand in resource-rich Australian assets. Australia’s business data also continues to hold up for now, while New Zealand is facing deteriorating business sentiment and chronic labor shortage. UK Mar. CPI out this morning – hotter than expected.  UK March CPI hit +1.1% MoM and +7.0% YoY on the headline (vs. +0.8% /+6.7% expected) and +5.7% YoY (vs. +5.3% expected) for the core CPI reading Crowdstrike (CRWD) rose 3.2% on a Goldman Sach upgrade to buy. Crowdstrikeis the world’s biggest cybersecurity company. The analyst community also likes Crowdstrike  with 93% of analysts rating the stock as a buy. Goldman Sachs expects Crowdstrike’s shares to rise to $285 in a year. USDJPY refuses to drop below 125.  USDJPY dropped below 125 following the US CPI release overnight, focusing on the less-than-expected core print and the fall in US treasury yields. This morning, the pair is trading close to the near-20 year high of 125.86. The move was however reversed suggesting sustained weakness in the yen, which will continue until we see stronger action from the Japanese authorities and not just verbal intervention. The prospect of stagflation remains for Germany.  This is the main takeaway from the ZEW index released yesterday. The economic sentiment index decreased to minus 41.0 in April versus prior minus 39.3 while the current conditions index dropped to minus 30.8 versus prior minus 21.4. The ZEW experts are therefore pessimistic about the current economic situation, and they expect that it will continue to deteriorate. The only glimpse of hope is the decline in inflation expectations.  U.S. Inflation is still uncomfortably high.  March CPI hit 8.5 % year-over-year. This is the hottest annual pace since 1981. The pace of Core CPI rises moderated a bit at +0.3% month-on-month and + 6.5% year-on-year. This is still the hottest pace since 1982. On a year-on-year basis, the sharpest increases are : fuel oil (70 %), gas (48 %), used cars (35 %), hotels (29 %), airfare (24 %) and utility gas (22 %). You can find the full list here (scroll to pdf page 9). It is clear that the U.S. Federal Reserve is behind the curve. Expect a 50-basis point interest rate hike at the May FOMC meeting. What are we watching next? Ukraine war developments as new Russian offensive operations are underway in eastern Ukraine and US President Biden promised a new round of $750 million in military aid and said Russian leader Putin is guilty of genocide. Earnings Watch. The Q1 earnings season kicks off in earnest today week with US mega-bank JP Morgan Chase reporting today, but the more Main Street-oriented banks reporting in coming days, including the largest of these, Wells Fargo, tomorrow, will be interesting for a check-up on credit demand. The UK’s largest grocer Tesco is also worth watching for a sense of the impact of inflation on margins and customer behaviour as a cost-of-living crisis has hit a large portion of the UK population. Today: Tesco, JPMorgan Chase & Co, BlackRock, Fastenal Thursday: China Northern Rare Earth Group, Fast Retailing, Ericsson, UnitedHealth, Wells Fargo, Morgan Stanley, Goldman Sachs, Citigroup, US Bancorp, PNC Financial Services, Coinbase, State Street Friday: Hangzhou Hikvision Digital Economic calendar highlights for today (times GMT) 1230 – US Mar. PPI 1400 – Canada Bank of Canada Rate Decision 1430 – US DoE Weekly Crude Oil and Product Inventories 1500 – Canada Bank of Canada’s Macklem press conference 1700 – US 30-year T-bond auction 2301 – UK Mar. RICS House Price Balance 0130 – Australia Mar. Employment Change / Unemployment Rate   Follow SaxoStrats on the daily Saxo Markets Call on your favorite podcast app:    
UK Jobs Report Strengthens Case for June Rate Hike and Signals Caution on Rate Cuts

Stock market: Alexandros Yfantis talks IBEX, CAC40 and EUROSTOXX50

InstaForex Analysis InstaForex Analysis 16.03.2023 15:49
Major European indices are turning around from a multiweek bullish run to an ugly reversal. Pull backs or trend reversals to the downside are usually more aggressive and we are now witnessing such a bearish change in the major indices. Yesterday we talked extensively about DAX (German index), while today we start by taking a closer look at the EUROSTOXX50 with the help of the Ichimoku cloud indicator.   In Ichimoku cloud terms trend is now neutral as price has enter the Kumo (cloud). Price is below the negatively sloped tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). The Chikou span (black line indicator) is also now below the candlestick pattern. All the above characteristics are of a bearish trend. If these characteristics are combined with a break below the Kumo, then we will get a sell signal. IBEX   The Spanish IBEX is no different. Price is now in Neutral trend. Price is vulnerable to more downside towards the lower cloud boundary around 4,011. Recapturing the 4,170 level is important for bulls. They need to push price above this level in order to regain control. CAC40   The French CAC40 is of course no different. Same characteristics here as well showing that CAC40 remains vulnerable to more downside. Short-term trend is bearish and with potential to see a move towards the lower cloud boundary at 4,011 is highly probable. Will central banks change their rate policy? Will European banks come under pressure following the recent fall out of SVB and crisis looming above Credit Suisse? Read next: Euro against US dollar - technical analysis - March 16th, 2023| FXMAG.COM Relevance up to 14:00 2023-03-17 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/316429
UK Jobs Report Strengthens Case for June Rate Hike and Signals Caution on Rate Cuts

DAX and EuroStoxx 50 - technical analysis by Kim Cramer Larsson

Kim Cramer Larsson Kim Cramer Larsson 17.04.2023 15:20
Summary:  April has started out well on the Stock market and the positive vibe could continue for a few more weeks. EuroStoxx50 within few cents to test all-time highs. DAX could test its all-time high in coming weeks. DAX uptrend is intact and with no RSI divergence the Index could continue to strong resistance at around 16,290A close below 15,482 is likely to put the uptrend on pause possibly even lead to a correction down to around 15K.Medium-term uptrend is weakening with divergence on RSI but an RSI close above its falling trendline could challenge that picture. If that scenario plays out DAX could all-time highs at around 16,290.To reverse the medium-term uptrend a close below 14,458 is needed   Source all charts and data: Saxo Group GER40 cfd levels. Upside potential to 16,298. A close below 15,479 could lead to a correction down to around 15K Read next: What have Fed speakers said recently? This week Netflix, SAP, Nokia, Volvo and other big names report their earnings| FXMAG.COM EuroStoxx50 likely to test all-time highs at around 4,415. A correction could be seen if hitting that level, but the uptrend will be intact unless Stoxx50 closes below 4,286 which can lead to a sell-off down to around 4,150A close above 4,415 could further fuel the buying interest and lift the Index to around the 1.618 projection at 4,536. Source: Technical analysis DAX EuroStoxx50 GER40 | Saxo Group (home.saxo)

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