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GERMANY40CFD trade ideas

2024-05-20 - a daily price action after hour update - daxGood Evening and I hope you are well. overall market comment Markets moved mostly sideways today but commodities are on a tear, except for Oil. We can expect more volatility on the commodities side, since they are in play and everyone want’s some. Be humble to net get caught on the wrong side and have strong momentum on your side. For stock indexes I expect either another leg up which could start tomorrow or a bigger pull-back to the daily 20 ema. dax comment: Tight trading range 18800 - 18890. Absolutely neutral inside that range. Bulls only managed to get to around 50% pull-back from ath to 18700, which is weak but since bears could not even close the gap to Friday, that’s even more pathetic. Expecting more sideways until the triangle from the right shoulders breaks. current market cycle: trading range - bulls broke 19000 but no follow through. key levels: 18700 - 19000 - below 18700 is 18400 next. bull case: Bulls keeping this at the highs and 300 points above the daily 20ema. As long as they keep this above 18700, they are in full control and higher highs are possible. For tomorrow I expect they will close the gap to 18850 and try higher again. The small bear trend line is their next resistance. bear case: Bears kept it below the 50% pb most recent low to high. Market formed a head & shoulders pattern which fails more than it breaks down. It’s a continuation pattern and bears do not have the odds on their side here. They need to close the gap to 18792 and then retest 18700. For now I can’t see the market breaking that level without any catalyst. short term: Bearish below 18880 and bullish above for test of 19000 or higher. Head & Shoulders break down confirmed with 15m close below 18700 for target 18400 or lower. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged trade of the day: Long from the EU open was ok, since bears could not close the gap to Friday. Bullish enough for target 18900ish.
EASYMARKETS:DAXEUR
by priceactiontds
Weekly Technical Analysis 20/05/2024Start your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. *KEY Trend direction is set by the slope of the VWAP Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves Support & Resistance are set by the StdDev #2 Lower and Upper respectively. Momentum is determined by the RSI level (70 as overbought and under 30 as oversold). -------------------------------------------------------------------------- Analysis Germany 40 has maintained its bullish trend and continues in an impulsive phase, with the price increasing to 18,733, now above the previous VWAP of 18,407. Support and resistance levels have adjusted to 17,687 and 19,127, respectively. The RSI has decreased slightly to 63, indicating a slight moderation in bullish sentiment compared to the previous report. UK 100 remains in a bullish trend and continues in an impulsive phase, with the price rising to 8,429, now above the previous VWAP of 8,312. Support has increased to 8,067, while resistance has risen to 8,556. The RSI has decreased to 74, reflecting a slight reduction in bullish sentiment compared to the previous report. Wall Street remains in a bullish trend and continues in an impulsive phase, with the price rising notably to 40,028, which is well above the previous VWAP of 38,917. The support and resistance levels have adjusted to 37,507 and 40,327, respectively. The RSI has increased to 73, signalling a further increase in bullish momentum compared to the previous report. Brent Crude remains in a bearish trend but has shifted from an impulsive to a corrective phase, with the price increasing slightly to 84.12, now slightly above the previous VWAP of 83.81. Support has adjusted higher to 80.84, while resistance has decreased to 86.78. The RSI has increased to 47, indicating a slight moderation in bearish sentiment compared to the previous report. Gold has shifted to a bullish trend and moved into an impulsive phase, with the price increasing to 2,442, now above the previous VWAP of 2,344. Support has adjusted higher to 2,258, while resistance has increased to 2,430. The RSI has increased significantly to 69, indicating a strengthening of bullish sentiment compared to the previous report. EUR/USD remains in a bullish trend and continues in an impulsive phase, with the price increasing to 1.0879, now above the previous VWAP of 1.0776. Support has adjusted higher to 1.0647, while resistance has risen to 1.0906. The RSI has increased significantly to 66, indicating a strengthening of bullish pressure compared to the previous report. GBP/USD has shifted from a neutral to a bullish trend and moved into an impulsive phase, with the price increasing to 1.2700, now above the previous VWAP of 1.2565. Support has adjusted higher to 1.2415, and resistance has increased to 1.2714. The RSI has increased significantly to 66, indicating a strengthening of bullish sentiment compared to the previous report. USD/JPY has shifted from a bullish to a neutral trend and moved into a consolidation phase, with the price at 155.76, holding above the VWAP of 155.38. Support has adjusted higher to 152.66, while resistance has increased to 158.11. The RSI has decreased slightly to 54, reflecting a moderation in sentiment compared to the previous report.
SPREADEX:GDAXI
by Spreadex
202421 - a weekly price action market recap and outlook - daxdax cfd Quote from last week: bull case: Bears gave up since Monday and we melted 800 points higher. I got 2 measured move targets above, 19280 and 19650. Technically we should see a pull-back first and depending on how deep it is, we can calculate new targets. I think next week everything will be determined by the PPI and CPI prints. If they come in low, I think it’s very likely that we will see the 20000. comment: Got that pull-back on Monday but weak and shallow. Bears tried again on Tuesday but bulls bought the ppi spike and rallied to a new ath 19006. Thursday was an surprisingly strong bear day and we sold off for 230 points and bulls could not get it much higher than 18800 on Friday. Both of my wave theses are still valid and Monday or Tuesday will determine the outcome. I won’t be a perma bear here and early again. Completely open to bulls melting up for my measured move targets or even 20000. current market cycle: Bull trend or trading range. If bulls keep going past 19000, obviously a bull trend but if they fail to print much higher than 19100, this was just a higher high in a trading range 17600 - 19000. key levels: 18400 / 20000 bull case: Bulls got a new ath and market sold off for 200 points to close the week below 18900 which was the second weekly rejection of that price level. Bulls need to keep this pull-back shallow, inside the small bull channel and above the daily 20ema for continuation. The bull channel and the daily ema are close enough for me to think we either go sideways to touch them or dip and bounce. That would be a perfect two legged correction and odds would favor the bulls for a third leg up. Invalidation price would be somewhere between 18500 - 18600 and then the big bull trend line has to hold if we get there or the trend is done and we are in a trading range. bear case: Last time we got here to a new ath, we pulled-back for 1300 points, very shortly after. Bears printed one good looking bearish engulfing candle on Thursday but for more bulls to begin taking profits, they need consecutive bear bars closing near the lows. If they can’t do that and market goes sideways, bulls will take it as a buy signal because after such a strong rally, odds favor another leg up. Right now market printed an expanding triangle and a two legged pullback near the bull trend line and ema. All of those patterns are buy signals. All of them can fail and we sell-off but from an odds perspective, bears are not favored until they do more. Invalidation for bears is above 18900ish. outlook last week: “Pull-back should happen but longs are favored until bears make lower lows and break the 1h 20ema. I updated my daily chart but it’s only a very rough guess. Inflation prints will dominate the markets this week and I will give daily updates.” → Last Sunday we traded 18894 and now we are at 18805. Two-legged pull-back happened as laid out. short term: Can’t be anything but neutral with if-statements. If we strongly break below 18600 and bears keep the selling pressure high, this higher high double top could have been it and we get 18300-18400 next. If bulls (they are slightly favored) manage to break above 18900 again, we will most probably retest the ath or go directly into the third leg up or W5. medium-long term: Time runs thin on my -20 to -30% correction target so I need to adjust the timeline. I’m confident we will print 17000 over the next 2-3 Months but 16600 could be tough so that could happen early 2025 as well. Will update this along the way. —unchanged current swing trade: Shorted 18971 on 2024-05-16 and took profits on 2024-05-17. Will update this in the daily after hour updates from next week on. Chart update: Updated wave thesis slightly and removed the first two-legged correction because it does not add value from here on.
EASYMARKETS:DAXEUR
by priceactiontds
202421 - a weekly price action market recap and outlook - daxdax cfd Quote from last week: bull case: Bears gave up since Monday and we melted 800 points higher. I got 2 measured move targets above, 19280 and 19650. Technically we should see a pull-back first and depending on how deep it is, we can calculate new targets. I think next week everything will be determined by the PPI and CPI prints. If they come in low, I think it’s very likely that we will see the 20000. comment: Got that pull-back on Monday but weak and shallow. Bears tried again on Tuesday but bulls bought the ppi spike and rallied to a new ath 19006. Thursday was an surprisingly strong bear day and we sold off for 230 points and bulls could not get it much higher than 18800 on Friday. Both of my wave theses are still valid and Monday or Tuesday will determine the outcome. I won’t be a perma bear here and early again. Completely open to bulls melting up for my measured move targets or even 20000. current market cycle: Bull trend or trading range. If bulls keep going past 19000, obviously a bull trend but if they fail to print much higher than 19100, this was just a higher high in a trading range 17600 - 19000. key levels: 18400 / 20000 bull case: Bulls got a new ath and market sold off for 200 points to close the week below 18900 which was the second weekly rejection of that price level. Bulls need to keep this pull-back shallow, inside the small bull channel and above the daily 20ema for continuation. The bull channel and the daily ema are close enough for me to think we either go sideways to touch them or dip and bounce. That would be a perfect two legged correction and odds would favor the bulls for a third leg up. Invalidation price would be somewhere between 18500 - 18600 and then the big bull trend line has to hold if we get there or the trend is done and we are in a trading range. bear case: Last time we got here to a new ath, we pulled-back for 1300 points, very shortly after. Bears printed one good looking bearish engulfing candle on Thursday but for more bulls to begin taking profits, they need consecutive bear bars closing near the lows. If they can’t do that and market goes sideways, bulls will take it as a buy signal because after such a strong rally, odds favor another leg up. Right now market printed an expanding triangle and a two legged pullback near the bull trend line and ema. All of those patterns are buy signals. All of them can fail and we sell-off but from an odds perspective, bears are not favored until they do more. Invalidation for bears is above 18900ish. outlook last week: “Pull-back should happen but longs are favored until bears make lower lows and break the 1h 20ema. I updated my daily chart but it’s only a very rough guess. Inflation prints will dominate the markets this week and I will give daily updates.” → Last Sunday we traded 18894 and now we are at 18805. Two-legged pull-back happened as laid out. short term: Can’t be anything but neutral with if-statements. If we strongly break below 18600 and bears keep the selling pressure high, this higher high double top could have been it and we get 18300-18400 next. If bulls (they are slightly favored) manage to break above 18900 again, we will most probably retest the ath or go directly into the third leg up or W5. medium-long term: Time runs thin on my -20 to -30% correction target so I need to adjust the timeline. I’m confident we will print 17000 over the next 2-3 Months but 16600 could be tough so that could happen early 2025 as well. Will update this along the way. —unchanged current swing trade: Shorted 18971 on 2024-05-16 and took profits on 2024-05-17. Will update this in the daily after hour updates from next week on. Chart update: Updated wave thesis slightly and removed the first two-legged correction because it does not add value from here on.
EASYMARKETS:DAXEUR
by priceactiontds
DAX Another perfect sell opportunity emerges like the last one.DAX (FDAX1!) gave as an excellent sell opportunity last month (April 11, see chart below) that hit the 17700 Target and shortly after rebounded: The index yet again flashes a sell signal as the price got rejected yesterday exactly at the top (Higher Highs trend-line) of the 1.5 year Channel Up. In symmetrical terms, this is similar to the Higher High rejection of May 19 2023, which pulled back to the 1D MA50 (blue trend-line). The 1D MACD is also inside a similar Falling Wedge pattern and will confirm the sell signal once it makes a Bearish Cross. Our Target now is 18350. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40Short
by TradingShot
2024-05-16 - a daily price action after hour update - dax/Good Evening and I hope you are well. overall market comment Bulls rallied to another ath where many of them took profits and bears began shorting after a lower high. The selling on bigger volume into the close is a sell signal going into tomorrow. Bulls have to break out of the formed bear channels to make bears doubt the highs might be in. Since tomorrow is Opex, everyone is max bullish and VIX is at the lows, we could be in for a surprise tomorrow. dax comment: Bear trend from before the open, after Globex made a new ath 19006. Since it’s the end of the week, the open, low and high prices of the week are important to watch. I always mark them on my charts when they occur. current market cycle: trading range - bulls broke 19000 but no follow through, if we close this week below 18900, we got a higher high but inside a trading range and odds favor that we trade down to 18000 again. key levels: 18738 - 19006 bull case: Bulls began to take profits and today’s selling was without any stop which makes me believe that big institutions are off-loading their positions while they can. Low of the week was 18738 and that should be bulls last hope for tomorrow. If they can not hold that level, we probably trade down to 18600 and below that is 18400. bear case: Bears created a sell signal on the daily chart going into tomorrow. The weekly and monthly charts now show big tails above and if we can close below 18900, that would be a second rejection of that level on the weekly chart. Last time we made a new ath we sold off for 1280 points so that is my base assumption for the next weeks. short term: Bearish - But can see a retest of the highs if bulls break strongly above the 1h 20ema tomorrow. 18738 must hold or we could crash down. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged trade of the day: EU open could not get a close above the 15m 20ema and had many tails above bars. Could have sold anywhere with stop new ath.
EASYMARKETS:DAXEURShort
by priceactiontds
DAX 🗝️ LEVELS TO WATCH 👀AND WHY 🤔Hello awesome traders, let's have a look at the DAX. I have a new analysis today as the previous exchange seems to be shut down. Here are the details: The DAX on a weekly chart is trading a cup and handle pattern, and the price is now trading below near the target zone 1 at 62%: 19078.70. After a successful breakout from 16305.21, the target zones are as follows: Target Zone 1: 62%: 19078.70 78%: 19817.23 Pattern Height: 100%: 20784.96
FX:GER30
by TradeChartPatternsLikeThePros
DAX H4 | Strong bullish momentumDAX (GER30) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 18,737.91 which is a pullback support. Stop loss is at 18,600.00 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 18,992.91 which is a level that aligns with the 127.2% Fibonacci extension level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Long
by FXCM
Potential bearish drop?Price is rising towards the pivot and could potentially drop from this level to the 1st support. Pivot: 18,848.30 1st Support: 18,545.10 1st Resistance: 18,990.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
DShort
by ICmarkets
Reversal in the DAXThis day we face inflation data in several euro zone countries, including Germany. In the American session, ECB member Isabel Schnabel will issue a statement. The German representative argues that rates should be maintained as they are at least until June, but it remains to be seen whether the presidency will heed the recommendations of the Executive Board. As early as February, she suggested that the long period of high inflation would force us to adopt a "stop-and-go" policy similar to that of the 1970s, promoting caution and not adjusting the ECB's policy stance prematurely. We will see if the German will change her mind once the German market regains its tone in the direction of economic growth. If we focus on the chart, currently the DAX position (Ticker AT: GER40), is bearish, partly due to the poor industrial production data and the performance of the German market in general. As well as Germany's difficulty in selling to its key market which is the United States, as its exports have declined. On May 10 there was a bearish correction figure and signal, also signaled by the RSI, and it is true that it has been continuing during this week in a gradual way, possibly in anticipation of the ECB statements. At this moment, it would be foreseeable for the index to return to its last bullish support in the 18277.38 zone if the market loses its positive tone. If the German market x-ray for the summer is more positive, there could be a rebound in the 18603 points zone and try to find again the highs at 18844 points. Currently the RSI is slightly oversold, and the price bell indicates a downward continuation as the bell has a very marked figure with a checkpoint well below the bullish support zone at 17950 points. Ion Jauregui - AT Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
GShort
by ActivTrades
Elliott Wave Intraday on DAX Shows Incomplete Bullish SequenceShort Term Elliott Wave in DAX suggests that the Index ended wave (4) pullback at 17626.54. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 18226.32 and dips in wave ((ii)) ended at 17795.96. The Index then nested higher within wave ((iii)). Up from wave ((ii)), wave (i) ended at 18235.80 and pullback in wave (ii) ended at 17875.98. Wave (iii) higher ended at 18845.86 and wave (iv) pullback is proposed complete at 18706.08. Expect the Index to rally higher in wave (v) to complete wave ((iii)). Potential target for wave (v) is 123.6 – 161.8% external retracement of wave (iv). This area comes at 18877 – 18930. Afterwards, it should pullback in wave ((iv)) to correct cycle from 4.25.2024 low before another high again in wave ((v)) to end wave 1. Then it should do a larger degree correction in wave 2 to correct cycle from 4.19.2024 low before it resumes higher. Near term, as far as pivot at 17626.54 low stays intact, expect any pullback to find support in 3, 7, 11 swing for further upside.
XETR:DAX
by Elliottwave-Forecast
Weekly Technical AnalysisStart your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. *KEY Trend direction is set by the slope of the VWAP Trend phase is determined by the current price relative to the VWAP (20) level and Elliot waves Support & Resistance are set by the StdDev #2 Lower and Upper respectively. Momentum is determined by the RSI level (70 as overbought and under 30 as oversold). ---------------------------------------------------------- Analysis Germany 40 has shifted from a neutral trend to a bullish one and moved into an impulsive phase, with the price increasing to 18,789, now well above the previous VWAP of 18,157. Support and resistance levels have adjusted to 17,493 and 18,790, respectively. The RSI has significantly increased to 72, indicating a strengthening of bullish sentiment. UK 100 remains in a bullish trend and continues in an impulsive phase, with the price rising to 8,426, now above the previous VWAP of 8,181. Support has increased to 7,888, while resistance has risen to 8,475. The RSI has escalated to 81, reflecting a continued strong build-up of bullish sentiment. Wall Street has shifted from a neutral to a bullish trend and remains in an impulsive phase, with the price rising notably to 39,529, which is well above the previous VWAP of 38,448. The support and resistance levels have adjusted to 37,371 and 39,529, respectively. The RSI has risen to 68, signalling an increase in bullish momentum. Brent Crude remains in a bearish trend but has transitioned back to an impulsive phase, with the price decreasing slightly to 82.47, now below the previous VWAP of 84.95. Support has adjusted lower to 80.61, while resistance has decreased to 89.29. The RSI has remained nearly stable at 34, indicating continued bearish momentum. Gold has shifted from a positive to a neutral trend and continues to consolidate, albeit with an upwards bias, with the price increasing slightly to 2,351, now above the previous VWAP of 2,329. Support has adjusted slightly higher to 2,282, while resistance has decreased to 2,376. The RSI has increased to 57, indicating a cooling in sentiment. EUR/USD has shifted from a bearish to a bullish trend and moved into an impulsive phase, with the price increasing to 1.0774, now above the previous down-sloping VWAP of 1.0724. Support has adjusted higher to 1.0642, while resistance has risen to 1.0806. The RSI has increased slightly to 55, indicating a build-up of bullish pressure. GBP/USD has shifted from a bearish to more of a sideways neutral trend and is consolidating ahead of a potential shift to a bullish trend, with the price at 1.2533, holding above the VWAP of 1.2494. Support has adjusted to 1.2381, and resistance has increased to 1.2608. The RSI remains stable at 51, reflecting a balance in sentiment. USD/JPY remains in a bullish trend and continues in an impulsive phase, with the price increasing notably to 155.82, now above the previous VWAP of 155.25. Support has adjusted higher to 152.33, while resistance has increased slightly to 158.16. The RSI has increased to 57, indicating a moderation of bullish sentiment.
SPREADEX:GDAXI
by Spreadex
DAX 40 keeps building higherGlobal equities are back pursuing new highs in force. European indices have been standing out in the past week with the FTSE 100, DAX 40 and EURO STOXX 50 all beating the performance of US equities. The outlook seems brighter in Europe as growth has remained positive in the first quarter of the year and that has been driving the push higher. The DAX 40 has encountered some pushback at 18,800 but the bias remains strongly higher. This week we’ll have second readings for German CPI and Euro Zone growth which could provide some moves if they deviate from the preliminary readings, but other than that the economic calendar is pretty empty in Europe. Momentum may continue to be driven by expectations of lower rates in Europe as markets are currently pricing in an 84% chance of a 25 bps cut from the European Central Bank (ECB) at its meeting on June 6 according to data from Reuters. If these expectations remain high over the coming weeks the path of least resistance for European indices is likely to be higher.
D
by Capitalcom