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ECB Preview: 50bps hike may still be on the cards
Hot inflation is likely to outweigh concerns over financial stability, potentially leading the ECB to disappoint market’s substantial re-pricing of policy rates.
European Open: USD drifts higher ahead of US CPI, DAX implied volatility spikes
The US dollar was higher overnight as it recouped some of the week’s losses, with the US 2 and 5-year yields mean reverted higher.
European Open: Dax to open lower, hawkish Powell weighs on sentiment
Due to a false breakout on weak volumes, we suspect the DAX will continue to mean revert against its bullish trend.
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EU stocks remain lower after hot Eurozone CPI
Core inflation rose to a fresh record high of 5.6%...
European Open: Futures point higher, DAX and FTSE bears to fade the rally?
The overnight session had a slight risk-on vibe as China claims to have reached ‘park covid’ ahead of the lunar holiday.
DAX: European stocks outperform again
Sentiment boosted because of warmer-than-expected weather which has reduced fears about gas shortages.
European Open: Buckle up, we could be in for a bumpy session
The volatile moves seen across yen pairs overnight does not bode well for risk appetite today, given traders across Europe and the US are yet to react to the BOJ.
European Open: Worst week for the DAX in 3 months, Gold stalls at resistance
Futures markets are pointing higher for Europe ahead of the open, but DAX could face further selling pressure after a retracement higher.
Stocks extend slide
Central banks from two of the world’s largest trading blocs signalled that their restrictive monetary policies are going to remain in place for longer than expected.
DAX struggles as Eurozone CPI stays in double digits
The slightly softer Eurozone inflation data gives hope that the ECB is starting to see the light at the end of the tunnel in its fight against inflation
DAX: China concerns hurt sentiment
More strict mobility curbs were implemented over the weekend
The DAX’s rally has been impressive, but nothing lasts forever
Several metrics show how strong the DAX has been of late, but we suspect it may have had too much of a good thing and is due to be knocked from its perch.
European Open: The DAX could retrace further from its ‘bull market’ threshold
I’m not sure who invented the ‘20% bull market threshold”, but it is a milestone that seems to trigger a countertrend move whenever it is reached (as the DAX did on Tuesday).
European Open: China’s imports and exports contract, DAX teases highs
Despite China’s imports and exports contracting in US dollar terms, the Hang Seng was a top performer as traders bet on further stimulus for Beijing.
European Open: The VIX is near a 6-week low ahead of the FOMC meeting
What could possibly go wrong? Well, if we remember that complacency is the devil, perhaps volatility is set to explode higher.
European Open: Bullish equity sentiment looks past weak China PMI report
There was a time when contracting PMI data for China would jolt markets lower. But not today, as traders pay more attention to the Fed’s potential to slow their pace of hikes.
European Open: Bullish equity sentiment looks past weak China PMI report
There was a time when contracting PMI data for China would jolt markets lower. But not today, as traders pay more attention to the Fed’s potential to slow their pace of hikes.
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European Open: The DAX meets resistance ahead of today’s ECB meeting
The DAX may have tracked global equities higher, but it finds itself on a key resistance level ahead of today’s ECB meeting. And that makes it a pivotal level for traders.
European Open: The DAX meets resistance ahead of today’s ECB meeting
The DAX may have tracked global equities higher, but it finds itself on a key resistance level ahead of today’s ECB meeting. And that makes it a pivotal level for traders.
DAX tests key resistance ahead of key events
German index has reached its highest level since mid-September after rebounding around 11% off its lows hit in early October.
DAX tests key resistance ahead of key events
German index has reached its highest level since mid-September after rebounding around 11% off its lows hit in early October.
Two trades to watch: GBP/USD, DAX
GBP/USD rises as Sunak looks set to win PM race. DAX rises with PMI data in focus.
Two trades to watch: GBP/USD, DAX
GBP/USD rises as Sunak looks set to win PM race. DAX rises with PMI data in focus.