DAX Technical Outlook Leading Up to ECB
The German benchmark is finding it difficult to gain traction beyond key technical hurdles; tomorrow’s ECB outcome could be a market mover if euro volatility rises.
The German benchmark is finding it difficult to gain traction beyond key technical hurdles; tomorrow’s ECB outcome could be a market mover if euro volatility rises.
One-day implied volatility is swelling ahead of today’s BoC meeting, suggesting we could see a big price move; USDCAD at a major long-term trend-line.
EUR/JPY was on a steady ride higher for much of 2017. After a month of digestion, a break of an expanding range opens the door to directional plays in the pair.
In a move that surprised many, the Bank of Canada raised its target rate to 1%, matching the Federal Reserve and strengthening the Canadian dollar trend.
The environment appears ripe for Yen strength, but USD continues to hold the line. Focus remains on 2017 low with positively diverging oscillators.
Just as the institutional speculators and hedge funds were jumping on the Crude Oil short trade, an 8% rally surfaced. Here’s what we see happening next.
The Nikkei 225 remains locked in a long downtrend and uncomfortably close to shedding its 2017 gains. However, while something has to give, it may not do so for some time.
When we last looked at the UK index it was on the verge of breaking down amidst a ‘risk-off’ move in global markets, but major support held (again)…