2019

Technical DAX – Inverse Head and Shoulders on Short term charts Weekly: The DAX has undergone a large correction over the past 50 weeks having reached a high at 13601 in January 2018. The move lower has stalled close to the 61.8%…
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The big event scheduled on the economic calendar for Europe on Friday is the release of the IFO business climate survey at 04:00 EST (or 10:00 CET). This data could get a little extra attention this time around because of the economic…
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The economic data during the European trading session was relatively quiet yesterday. The NY trading session saw the release of Canada's retail sales report. Core retail sales fell 0.6% on the month which was worse than forecasts of a…
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The Australian Bureau of Statistics is scheduled to release a series of employment data on Wednesday at 19:30 EST (or on Thursday at 01:30 CET), which can move the markets if it subverts expectations. Here are a few things to keep in mind…
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The UK's labor market data showed that average earnings index rose 3.4% for the three months ending November. The unemployment rate fell to 4.0% amid forecasts of an unchanged print at 4.1%. The employment level rose 141,000 to a record…
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The U.S. Dollar traded on mixed grounds amid a host of global and domestic issues. The ongoing partial shutdown of the government continues and is now starting to show the impact on the economic releases. Retail sales numbers for…
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CADJPY or CAD/JPY is the symbol used for the currency pair consisting of the Canadian Dollar and the Japanese Yen. One of the lesser-known crosses, it doesn't have a nickname. The value shows how many Japanese yen (the quote currency) are…
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The British pound posted modest gains on the day after it became evident that the UK government was pursuing a plan B. The details include amending the Irish border backstop arrangement as well. On the economic front, data from Germany…
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A classic reverse head & shoulder pattern looks to be forming. With bespoke support located at 26410 we look for further losses to be limited. On a break of 27300 the measured move target is 29110
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