EUSTX50: Resistance at PP, Possible DropHello Everyone, The 1M/1W/1D PP for EUSTX50 has functioned as a resistance point, indicating a potential further decline, possibly even testing the 1Y Support level, before any bullish momentum resumes. TradeWithTheTrend3344 Longby TradeWithTheTrend33441
EUSTX50: Navigating Support Dynamics and Bullish ProspectsHello Everyone, EUSTX50 is at a crucial juncture, having recently rebuffed monthly support and now testing the resilience of its weekly and daily support levels. These support zones have been met with resistance around the Pivot Points (PP) thus far. Should the current supports fail, a descent towards yearly support becomes a distinct possibility. Despite this uncertainty, the current state of EUSTX50 presents an attractive buying opportunity across timeframes ranging from daily to yearly, with bullish sentiment prevailing in the long term. However, a breach of the weekly and daily supports could precipitate a significant downturn. In summary, while fluctuations may occur, a bullish outlook persists for EUSTX50. TradeWithTheTrend3344 Longby TradeWithTheTrend33443
EURO50 Shorting hard with LagardThe market has opened today Thursday with a restrained opening dominated by the mood that may be caused by ECB President Lagarde today at noon, in its monetary policy with the aim of cutting interest rates. Interest rates are likely to remain on hold until the summer where both the Fed and the ECB will continue to make a measured monetary policy move, as the ECB is detecting some economic weakness in Europe's major markets. The EuroStoxx 50 index yesterday advanced a fall prominently marked by the telecoms sector with results showing weakness unlike the financial services sector which was strong with Societe Generale leading the way with 3.4% growth following the sale of its corporate finance facility to competitor BPCE for €1100m as part of a wider divestment strategy. Focusing on the chart, we have been reporting the possibility of a breakout in previous publications of the 5,000 point zone. This occurred on March 13 and continued up to a high of 5,130.41 points last week, triggering a rebound with the weak results of the euro zone, which led to the fracture of the strongest resistance zone yesterday. It is expected that the index will continue its downward movement in the direction of 4,941.17 to test and then if it fractures we will see if it returns in the direction of 4,913.40 points. We will have to be attentive to the results publications of the companies that compose the index to see its evolution. EUROSTOXX link: qontigo.com Top 10 of the index: ASML HLDG, LVM MOET HENNESSY, SAP, TOTALENERGIES, SIEMENS, SCHNEIDER ELECTRIC, ALIANZ, AIRBUS, SANOFI, L'OREAL. As can be seen, companies from France, Germany and the Netherlands lead the way in this index. Shortby ActivTrades1
EUROPE 50 Bullish Robbery Plan Long SideHello My dear Indices Traders, This is our Day Trade master plan to Heist Bullish side of EUROPE 50 Market. my dear Looterss U can enter at the any point above my entered area, Our target is Red Zone that is Hgh risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.Longby Thief_TraderUpdated 3
STOXX 50 : THE CORRECTION IS DUE- The market has been registering higher highs and lows since November 2023, leading prices to a new historical high above 5,130pts. The long-term trend is therefore bullish. - Today, the market has registered a strong failure below 5,132pts, which led prices back to their mid-term bullish trendline around 5,050.0pts. Both EMA are stalling while the RSI has already shown a breakout to come following a long bearish divergence with the market. - While already trading in uncharted territory, it becomes more and more difficult for investors to keep buying and defend the extremely high stock valuations everywhere. In order to keep pushing stock higher, traders will need positive development from both the corporate front, with solid earning reports, as well as the monetary easing cycle to come. However, the last batch of macro data from both US and the EU has shown that Economies keep expanding. In addition, central bankers have also reaffirmed their need to see further proof that inflation rates are trending down, before proceeding with any rate cuts. With that in mind, we believe a correction is now due for the pan-european index. Support levels can be found towards 5000pts, 4863pts, 4695pts and 4560/4570pts by extension. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be 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. Shortby ActivTrades2
EU50EUR LONGdemand for EU50EUR has been on a sustained up trend for several weeks now, and discounts has been offered miserly based on the 10EMA as seen on previous Black Friday Sales. I have placed an Buy Limit near the 10EMA discounted zone, expecting the order to get triggered. Since this trade is being read on the Daily Time Frame, the amount of time it would take for the trade to materialise would also be based on the Daily Time Frame. However, the SL is placed based on the 4H TF's levels because regardless of how much the Daily Time Frame moves, it is always based on a day to day basis movement. And placing stop loss on the 4H TF allows more details. 1746SGT 25032024Longby ProfessionalDuckHunter1
Stocks bullish - Crypto bullishIn midst of fear of recession after normalisation of yield curve inversion, stocks are showing powerful strenght ! Not only S&P500 and Dow Jones are printing new ATH. Also European stocks are showing extraordinary strenght ! This is very bullish for digital assets. If recession comes, it will eventually be after a melt up.Longby DangermousebananaUpdated 1
Euro50 (Eurex) may rise to 4930.00 - 4946.00Pivot 4895.00 Our preference Long positions above 4895.00 with targets at 4930.00 & 4946.00 in extension. Alternative scenario Below 4895.00 look for further downside with 4884.00 & 4871.00 as targets. Comment The RSI is mixed with a bullish bias. Supports and resistances 4960.00 4946.00 4930.00 4915.00 Last 4895.00 4884.00 4871.00 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson2
Eurostoxx 50: Towards a New ATH?After opening with a corrective gap on the Eurostoxx 50, after closing at 4,885.74 points, today we have witnessed a strong buying presence . The all-time high of 4,564.03 points , set in 2008, was surpassed on January 12 after a technical rebound following the Epiphany holiday. Since last Thursday, the index seems to have consolidated a range between the new highs and 4,866.39 points, although attempts to break higher have been unsuccessful at this opening characterized by an uptrend without significant volume. In the last few hours, we have seen a new rising high in the uptrend, confirming the dominance remains in the hands of buyers and their quest to reach 5,000 points. This level is crucial, as it has been a turning point in January 2022 and 2023, and this time it has managed to overcome the barrier of the 2008 high. If this advance is consolidated, it could become the new target to beat. However, it is important to note the divergence signals. The MACD indicates a bearish divergence with no volume at the moment, which could be slowing down the upward momentum or signaling a possible exhaustion. On the other hand, the RSI is trending downwards, currently around 50% being its average 59.35% at the moment, suggesting a lack of trend strength and a possible sideways intraday sideways, which could give room for other types of trades. 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. Longby ActivTrades2
EuroStoxx50: Potential for new highs on the horizonIt is essential to understand the dynamics and correlation between the main European indices and the EuroStoxx 50. The EuroStoxx 50 is mainly influenced by the German DAX and the French CAC40, showing a strong long-term correlation between these indices. Although this high relationship is evident in the three major indices , it is not observed to the same extent in other European indices as they do not have as much representative exposure. Today, we are watching for several events that could impact the markets, such as the ZEW (Center for European Economic Research) Index release and bond issues in Spain, Italy, the UK and Germany. In addition, we await the statement from Anneli Tuominen of the ECB supervisory team on the new financial paradigm in the European market. Although we do not anticipate a significant change in the current direction of the EuroStoxx due to these events. Looking at the charts, we observe an uptrend in the index during February after breaking a sideways consolidation from December 14 to January 26 broken with the strong trend at the beginning of the year. Subsequently, it has moved during the whole month of February in an uptrend, touching today the lower part of the channel. However, the RSI divergence indicates that the index is oversold at 36.04%, suggesting the possibility of a change in direction to the upside. We are alert to possible clear signals of a change in the direction of the index, with possible targets at 4594 points (with the possibility of a strong correction to 4459 points) or to the upside targeting 4821.42 points. It is essential to be prepared to adapt our strategies as market conditions evolve, as a price zone seems to be building by the strong hands of the market and the crosses of averages do not seem to be showing signs of change but of continuation. 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. Longby ActivTrades2
EU50 Down.EU50 Down. Divergence. Squeeze at top. Change in volume. High confluence area. 4x move possible.Shortby jforex782
EURO50 index under bullish pressureLikely to rise to resistance level 4700.00 EUR50 index is under the bullish pressure now after the price broke above the resistance level 4585.00 (which stopped the previous impulse wave 1 at the end of last year). The breakout of the resistance level 4585.00 follows the earlier upward reversal from the 4465.00 (former major resistance from 2023, acting as support after it was broken recently). Given the clear weekly and the daily uptrend, EUR50 index can be expected to rise further to the next resistance level 4700.00.Longby Daniel_Thompson3
End of the correction for equity markets ?- the market has been trading lower and lower, within a bearish channel since mid-December 2023. The medium-term trend is therefore bearish. - This bearish channel occurs as a continuation flag pattern, correcting the bullish trend that began in October 2023. This correction was explained at the fundamental level by fading hopes for a dovish change in monetary policies in Europe and the United States, due to the latest encouraging economic data, as well as central bankers confirming that the battle against inflation still wasn't over. Very recently, prices registered a strong rebound above 4,380.0pts, thanks to the latest very positive results from Taiwan Semiconductor Manufacturing which forecasts a strong increase in growth in the sector. These results encouraged investors to pile up long positions in a market that has become much more attractive after the recent discount. Technically speaking, prices are trading very close to the upper limit of their bearish channel, but the 2 moving averages continue to validate the rise while the RSI has already announced a bullish breakout to come. - It is now possible to envisage that the correction that began in January is coming to an end. If prices manage to confirm the bullish breakout of their medium-term channel, this would pave the way for new tops. The next resistances could be found around 4,500.0pts, 4,600.0pts then 4,680.0pts and even higher by extension.Longby ActivTrades2
European Central Bank is holding rates untill Q3 Market Insight: ECB policymaker Francois Villeroy de Galhau has emphasized that the decision on rate cuts in 2024 will be data-driven, rejecting a fixed timeline. ECB President Christine Lagarde, while suggesting a potential rate cut in the summer, emphasizes the importance of data in timing the decision. Central bank officials are cautious about immediate easing but acknowledge a long-term trajectory of lowering borrowing costs. Rationale: Anticipating the likelihood of a delayed rate cut by the European Central Bank (ECB), potentially impacting businesses' cost of borrowing and consumer spending, which could lead to lower revenues for companies in the European stock index. Trade Strategy: Short Position on European Stock Index: Consider initiating a short position in the European stock index (e.g., Euro Stoxx 50). Entry Point: Look for technical signals indicating a reversal or weakness in the index. Stop-Loss: Place above a recent significant peak to manage potential upward movements. Take-Profit: Target the next support level, considering potential downward pressure on index components.Shortby Elite_Forex1
Macro Monday 27 - Headwinds in Europe but Spain thrivingMacro Monday 27 Headwinds for Europe but Spain demonstrating relative strength As it is New Years Eve I wanted to do an early release for tomorrow. This week we are taking a look at another major market Index in Europe and we will also look at one smaller market within this geographical location, Spain, due to its strong chart set up and promising economic data released in December 2023. EURO STOXX 50 Index - $SE5E The EURO STOXX 50 index is known as Eurozone’s leading blue-chip index and is designed to represent the 50 largest and most liquid companies in the eurozone. It was designed by STOXX, an index provider owned by Deutsche Börse Group (which operates one of the world's largest stock exchanges by market capitalization – the Frankfurt Stock Exchange). STOXX have an array of interesting index’s that we might review over coming weeks. The Euro STOXX index is composed of 50 stocks from 11 countries in the Eurozone. These are the top fifty largest and most liquid stocks. The index futures and options on the EURO STOXX 50, traded on Eurex, are among the most liquid products in Europe and the world. The Top Three Holdings (representing 20% of overall EURO STOXX 50 index): 1. ASML Holding NV NASDAQ:ASML : Microelectronics solutions provider that offers semiconductor manufacturing equipment. 2. LVMH Moët Hennessy Louis Vuitton OTC:LVMHF : World Leader in luxury brands such as Tiffany & Co, Christian Dior, Marc Jacobs, TAG Heuer, and Bulgari. 3. TotalEnergies SE EURONEXT:TTE : This is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. The company has 100,000 employees and is active in 130 countries. Interestingly the EURO STOXX 50 Index typically represents approximately 60% weighting of the STOXX Europe 600 Index, which is derived from the STOXX Europe Total Market Index LSE:TMI which is a subset of the STOXX Global 1800 Index. Talk about a game of Russian dolls. We will look at these other charts at another time, for now we are focused on the arrow head of the commercial European markets, the Top 50 companies in the EURO STOXX 50. The EURO STOXX 50 Index can provide a great overview on how the largest and most liquid companies in Europe are performing in aggregate, thus giving us insight into the European commercial markets direction and the European economy. So lets take a look at the chart. The Chart Whilst the chart is in a general uptrend since 2009 with successive higher lows, we appear to have made a long term pennant breakout however there are a number of concerns that jump out at me. ▫️ We are approaching the July 2007 market highs and if surpassed we will then have another overhead resistance from the March 2000 All Time Market highs. These are significant resistance levels. ▫️ We could be forming a rising pennant at present so even if we breach the July 2007 highs, we have the intermittent pennant ceiling to also contend with. Whilst these are genuine concerns, at present we are trending upwards with the 21 month SMA sloping upwards. What to watch for? Bear Perspective: ▫️ A breach of the 21 month moving average followed by, ▫️ A breach of the rising wedge lower boundary. NOT GOOD Bull Perspective: ▫️ We break above the July 2007 Top and make support on it eventually finding additional support from the 21 monthly moving average as time moves on. Would I trade this chart? No! However, it is an exceptionally interesting chart that offers valuable perspective on the major components within the European commercial markets. It provides us with an interesting perspective on the European Economy and can help us understand the broader opportunity or risks within the market. IBEX 35 Index - BME:IBC We are now going to have a look at the top 35 stocks in the Spanish stock market as this market has proven to be an outlier in 2023. The IBEX 35 Index is made up of the 35 most liquid stocks traded on the Spanish stock market. Between 2000 and 2007, this index outperformed many of its Western peers, driven by relatively strong domestic economic growth which particularly helped construction and real estate stocks. In these bull markets Spain proved to have more volatility to the upside, however that obviously comes with the potential opposite downside volatility also. In any event, we can take advantage of one of Europe’s fast paced markets and consider individual stocks within it. Spain as an outlier I have focused in on Spain as the chart looked more promising than the markets in other European countries, thereafter I found some economic data and narratives that support this potentially strong chart set up. ▫️ Spain is the 4th largest economy of the EU - save for that of the United Kingdom - and the 14th largest in the world. ▫️ Spain is the 13th largest recipient of foreign investments in the world. More than 14,600 foreign firms have set up their business in Spain and this appears to be a continuing trend. ▫️ As recently as the 18th December it was announced that Spanish exports exceeded €320 billion from January to October 2023, an all-time high, according to government statistics. ▫️ Industries leading this boom were the automobile, capital goods and food, beverage, and tobacco sectors. ▫️ The Spanish state also confirmed that the nation has a current account surplus of 3% of GDP, the best figure recorded since 2018. ▫️ Geographically, 61.6% of total Spanish exports were sent to the European Union in October 2023, while exports to non-EU countries accounted for 38.4% of the total, demonstrating Spain’s global reach is versatile and not restricted to Europe. Finally a quote from the Spain's Ministry of Economy, Trade and Business "The Spanish economy ……in the complex international context, has maintained its constant weight in international trade in goods and increased its share of the European market in recent years,". IBEX 35 Index Top 3 Holdings: 1. Iberdola BME:IBE (14%) – A clean energy utility company with 40,000 employees. It constructs, operates and manages power generation plants, transmission and distribution facilities and other assets. The company produces electricity using conventional and renewable energy source 2. Inditex BME:ITX (14%) – One of the worlds largest distribution groups for the likes of ZARA, PULL&BEAR, MASSIMO DUTTI and BERSHKA. These brands are more aligned with mid-range affordability for the middle class. 3. Santander BME:SAN (11%) – The 28th largest bank I the world with 200,000 employees, 166 million customers and 1.7 Trillion in total assets (all global figures). The top three holdings making up almost 40% of the IBEX 35 weighting are actually a nice blend of Energy, Staples and Finance. This adds to my preference to actually invest in the IBEX 35 Index as it appears to be a nicely diversified index from a review of the major holdings. The Chart A long term pennant has made a defined breakout of the range and found support with a bounce off the 21 month moving average. Historically you can see the relevance of the 21 month moving average, once lost after the 2000 and 2007 top it was a clear indication to exit the market. Conversely, once price is established above the 21 month moving average you can see that you typically have good odds of upward momentum. The advantage of watching an index like this, outside of a liquid trade, is that it gives us an indication that the Spanish market has relative strength at present and companies within the index, and potentially outside it, may offer a greater probability of returns than other markets in the Eurozone. I guess being a smaller well diversified and more nimble market in the sunny Mediterranean has its benefits. I highly recommend you review last weeks Macro Monday which looked at how positive four large Global Index’s are looking at present. These were the Vanguard Total World Stock Index ETF - AMEX:VT , iShares Global Energy ETF - AMEX:IXC , Global X FinTech ETF - NASDAQ:FINX and the Global X Blockchain ETF - NASDAQ:BKCH If you enjoy my coverage of these indices or would like me to cover some others, please let me know in the comments, Happy New Year Folks, sláinte 🥂 PUKA by PukaCharts4
European Stock Index Shows Signs of WeaknessAs the comparison chart shows, the ESX50 lags behind the US500. And this trend has been observed since mid-December, a period when central banks around the world published interest rate decisions and set expectations for the future. The divergence suggests that Europe's central bankers are in no rush to join the US turn to lower interest rates — even as investors continue to insist that they will have to accept easier monetary policy soon enough. According to Bloomberg, after Federal Reserve Chairman Jerome Powell signalled that the focus is now on lowering borrowing costs, colleagues from Frankfurt to London said that a further slowdown in inflation cannot be taken for granted. That is, for now in Europe, policy easing is not yet on the agenda. “We should absolutely not lower our guard,” European Central Bank President Christine Lagarde told reporters in December, while her Bank of England counterpart Andrew Bailey noted there was “still work to be done” in the fight to rein in consumer prices. The chart shows that overall Western stock markets were positive in December, but a comparative analysis allows us to make interesting observations: the ESX50 index was the top gainer in December; but after a series of central bank meetings in the middle of the month (shown by the arrow), the lead was lost. While the S&P 500 is in close proximity to an all-time high, European stocks have lost bullish momentum. It is possible that the mid-December highs will prove to be important resistance. And if a correction occurs in the stock market (which will be a reason to write about the end of the Santa rally), then the ESX50 will again be a leader, but in a downward trend. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen1115
Europe 50 pullback expectedThe market is very overbought. Pullback is a matter of time. As Christmas holiday is coming not sure if it happens in Dec or beginning of Jan. 4330 previously was a strong resistance so I’m expecting this it become strong support durrring market correction. Shortby Trinnisia_Trades2
European Shares Await Year-End FOMC MeetingEuropean shares traded sideways on Wednesday as investors held their breath ahead of the last FOMC meeting of the year. The STOXX-50 index still trades inside its narrow range between 4,5330.0pts and 4,550.0pts, with patchy performances across all sectors. At the same time, investors await further monetary developments following yesterday's US inflation reading that took some by surprise. While the YoY US CPI data came out at 3.1%, just as expected, investors were disappointed to see a 0.1% increase compared to November, which had an immediate bullish impact on the US dollar, undermining hopes of a quick dovish switch from the Fed. That is why today's FOMC meeting will be crucial and probably shape market sentiment for the rest of the year. Investors, supported by cooling inflation over the last few months, have already largely priced in a monetary dovish turn from the Fed. This puts them at risk as Fed Chairman Jerome Powell may choose to temper strong dovish expectations, keeping the doors open for the "higher for longer" narrative, especially following yesterday's CPI report. If that happens, a sharp downside price action could quickly occur on equities, likely driving benchmarks towards a correction zone before the year's end. On the other hand, no significant hints from today's meeting could keep the current status quo alive on stocks, while of course, any dovish semantic should fuel market sentiment and drive share markets to new highs. Pierre Veyret – Technical analyst, ActivTrades by ActivTrades2
European Stocks Open Mixed Amidst Risky Week AheadFollowing a patchy trading session in Asia, European stocks opened mixed on Monday as investors brace themselves for a risky week. The STOXX-50 index still trades well above the 4,500.0pts mark despite its failure to clear the 4,535.0pts resistance, as gains in healthcare and industrial shares are offset by losses from the consumer non-cyclical, energy and basic materials sector. The market lacks direction for the first exchanges of this new trading week, and investors are waiting for an extremely busy macro calendar in the next few days. In addition to the new batch of key macro data such as PMIs and inflation rates, traders will pay close attention to the decision on rates from the US, EU and UK this week. This week's challenge for investors will be to confirm their hopes of a monetary dovish turn to come. Many have already priced it in, and this sentiment still prevails even if the solid US employment data seen last Friday has slightly tempered the amplitude of rate cut expectations. Volatility will likely increase significantly throughout the week, even though most benchmarks remain well-oriented. The STOXX-50 index still trades inside its mid-term bullish channel, with both moving averages rising, while the DMI shows a directional price action inside a bull environment. The 4,610.0pts zone should be seen as a strong resistance level if the market clears the 4,535.0pts and 4,55.0pts marks. Pierre Veyret – Technical analyst, ActivTrades by ActivTrades2
EU50 Down.EU50 Down. Price peaking since weeks. Double Top with sharp edge. Indicating institutional intent. Divergence adds confidence. Lets aim for 3x. Shortby jforex780
EU 50 potential SHORTWait for the market direction to shift from a bearish to a bullish trend, or vice versa, in order to determine the most appropriate entry level to achieve more lucrative outcomes. It is essential to implement appropriate risk-reward ratio, diversify your portfolio, and avoid excessive leverage in order to minimize losses and maximize profits.Shortby Tradonaut1
Stock indices climbed higher in the EurozoneStock indices climbed higher in the Eurozone, alongside US futures contracts, as investors brace for the US jobs report. Risk sentiment is on the rise everywhere in Europe this morning, with consumer cyclicals, industrial, energy and tech shares leading benchmarks higher towards new resistance levels following this morning’s German CPI data that came in line with expectations, and ahead of key macro developments in the US this afternoon. All eyes are on the US employment sector as investors await further signs of cooling that could lead the Fed to confirm the monetary dovish switch many have already started to price in. The nonfarm payroll is expected to show more job creations compared to last month (180K exp. vs 150K prev.) alongside the average hourly earnings, which is expected to go from 0.2% to 0.3%. Meanwhile, the unemployment rate is estimated to remain at the same level: 3.9%. Like always, any number outside the “expected vs previous” window would likely cause a sharp price action in major FX pairs, treasuries and equities. However, with many anticipations of a cooling US economy already well on the table, NFP and average hourly earnings figures better than anticipated could dramatically reverse market sentiment across this wide range of assets, opening the door for a sharp short-term correction on stocks. On the technical front, the STOXX-50 index is trading closer to its 4,500.0pts resistance, still inside its mid-term bullish channel. Pierre Veyret – Technical analyst, ActivTrades by ActivTrades3