ITALIAN ECONOMY AS REQUESTED BY A VIP SUBThe decrease in consumer price inflation in Italy could potentially have a positive impact on the country's economy, as it may help alleviate some of the pressures on households and businesses caused by high inflation. However, the impact on the overall economy may be limited, as inflation is only one of many factors affecting economic growth.
The performance of the Italian stock market, as reflected by the FTSE MIB index, is likely to be influenced by a range of factors beyond inflation, including global economic conditions, corporate earnings, and investor sentiment. The recent losses experienced by the banking sector could be a concern for the economy, as banks play a critical role in providing credit to businesses and households.
In terms of the euro currency, the projected decline in HICP inflation in 2023 and beyond could potentially be viewed as a positive development by investors, as it may alleviate some of the concerns about inflation and reduce the likelihood of tighter monetary policy from the European Central Bank. However, the euro's performance will also be influenced by a range of other factors, including global economic conditions, political developments, and the outlook for monetary policy in other major economies.
It's been an exciting week for the Italian economy as stocks continue to rise further. The European Commission's Winter Interim Forecast has lifted the growth outlook for this year to 0.8% in the EU and 0.9% in the euro area, which is great news for those invested in the region. Additionally, the decrease of inflation target in Europe in 2023 is expected to provide even more upward momentum for the economy. While the recent positivity has brought the Italian stocks up to a key resistance zone at 28,000, some experts are cautioning that it looks overbought in the short-term. However, there could be a big appreciation on the horizon, making now an excellent time to consider investing in the Italian and euro economy after we get the pullback to level out price action.
Italian
Italy40 Bear trendItaly soared today based on mere positive unemployment data regarding Spain (due to the countries having more or less same situation/economical foundation).
But these data does not have anything to do with Italy.
As the ADX shows, the Italian index goes up today but without an indication of a strong trend. This could show us, that the index will go down again.
If the Italian index will go down tomorrow, this week or the coming week is not important, IT WILL GO DOWN - ITS THAT SIMPLE.
The Italian economy simply can't handle the increasing interest rates from ECB + the situation regarding inflation.
An economy based on tourism will suffer when all the tourists have to save on travels and use that money on electricity bills instead.
Again... IT WILL GO DOWN - ITS THAT SIMPLE.
The trend is really strong ... Tod's will rise more The uptrend continue to be very strong, i will monitor the price when it reach the 38 eur level
FTSE MIB - tracing last leg of counter trend rallyFTSE MIB seems to be tracing intermediate wave (C ) up that will complete primary wave 2. Most probable target before the trend is reversed lyes in the range 20,350 - 21,200. A move below 17,600 would indicate the trend already reversed. FOLLOW SKYLINEPRO TO GET UPDATES.
#IT10Y - Bancruptcy of Italy and ECBThe ECB cannot get a grip on it and the 10-year Italian government bond is quoted at 17.8% p.a. on 19 March 2019.
Not only is Italy bankrupt, but also the portfolios of the government bond holders are disappearing into thin air, above all the ECB and pension funds and insurance companies.
Not funny.
IT40 falls now...Hello guys i found an ascending triangle on IT40 on the daily chart. We can short now.
SELL 4H USD/CHF - BEGINNER TRADER, LOOKING FOR ADVICES Hi Guys,
this is my first idea that I publish.
Brief story of me: Studying trading since 3 months ago, no experience, no help, no courses, just me, youtube tutorials and books. I'm looking for recommendations to improve my trading, my analysis and my overall trading experience. Thank you so much to anyone that likes or comments my idea. Feel free to give your opinion and your advices, everything is more than welcome.
As we can see in this set-up, I highlighted all the reasons why I think there is gonna be a downward trend in the next days whether the main trend line gets broken.
Thank you all, feel free to ask questions.
EURGBP Bear FightWith the usual news coming from Europe of Brexit and the meetings between the Italian Government and Brussels, we believe the EURGBP may bounce in between two levels until the Italian budget is sorted with Brussels or Brexit is done in March, with a large amount of Sellers at the 0.90900 area and many Buyers at around the 0.89200 area it may mean a major political/economic event to break the cycle, if the GBP strengthens and price breaks the Bulls, we beilieve price could drop to the 0.845 area
CAMPARI - New highs are coming?Hello traders , today i'm going to show you an idea about italian stock market , usually don't post ideas about this market but it could be a really nice long opportunity.
Broke the ascending triangle upside with a strong bullish movement
7.000 zone is the higher high of the graph. If will break this zone there will be new high so a continuation of the uptrend.
Can suggest you to wait , be patient and see the next days what might happen , it might be a good long opportunity.
Remember always that's just my opinion , it's not a financial advice , don't be greedy and protect always your capital.
Have a nice day traders !
$MIB Sees Limited Upside To 25013 Before Geo Completion | #euroFriends,
A confluence of technical hurdles is likely limiting any immediate upside potential in the Italian MIB Index, based on the following set of observations:
1 - ELLIOTT WAVE + GEO: In the most recent past (12-19 OCT 20009), price rallied to complete Elliott Wave's 4th wave, completing its corrective swing at 24558.00. This became a spring board from which bears plunged to 12296.00 on week of 23 JULY 2012 - This nadir defined the completion of a full bearish Elliott Wave impulsive swing at its 5th wave, as well as plotted the Geo's Point-2. As price rallied correctively from that level, it crunched the most recent price action into a narrow range from which to spring into that prior 24558.00 support-turned-resistance level.
2 - RECIPROCAL AB = CD SYMMETRY: As price unfolds into a correction, internal analysis of recent price action at this weekly scale reveals that a geometric projection could carry price to or slightly above the vicinity of the historical structural 24558.00 level. This geometry does not occur over the entire length of the recent corrective upswing, but structural analysis of lows vs. highs allow for a fair projection via an internal ab = cd pattern.
3 - PREDICTIVE/FORECASTING MODEL: As a stand-alone method, the Predictive/Forecasting Model has defined a high-probability resistance level defined as:
- TG-Hi = 25013.54 - 12 AUG 2015
This represents a qualitative target which is most able to impose a reversal event. In the context of above technical events, this adds credence to the probability of resistance and retracement as mentioned, with the 1-5' Line acting as an additional back-stop to a probable rallying into these targets.
OVERALL:
Technical analysis combined with predictive/forecasting model favor a limited upside potential to a narrow 24558.00/25013.54 range. A background Geo adds further weight through its geometry, raising the expectation of a retracement to a price level (18031.76 to 17555.77), corresponding to Point-4, as set by the Geo's Off-Set Rule.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
Range trading for a mini break out on the Italian MIBMaybe a little labour intensive for some but a safe way to book profit without much risk.
Buy and sell in 2 units at support and resistance. Move stops to protect positions. Take one unit profit at either support or resistance. Wait for break out in either direction. Repeat until breakout. Or leave it alone if it looses it's neatness and starts getting messy.
Low stress trading hopefully :)