Page 7 - Key Talking Points News Today

DAX 30 Forecast: Testing Support as Correction Looms Key Talking Points: Momentum indicators show a mixed picture After a strong start to the week last Monday and a subsequent reversal on Tuesday, the DAX 30 wasn’t able to consolidate any momentum during the rest of last week. The German index has held still around the 15,225 area, which has allowed the ascending trendline support to catch up with current prices, putting the bullish trend under pressure. Advertisement The...

Mexican Inflation Shoots Up, USD/MXN Awaiting Banxico Meeting Minutes for Guidance Key Talking Points: Mexican CPI shoots up above 3% target Advertisement Mexico’s inflation data for March has shot up as expected, with the CPI reading coming in at 4.67% year on year, and the monthly core CPI reading actually coming in above expectations at 0.54% (Exp. 0.52%). The yearly figure continues to rise above Banxico’s target of 3% and is confirming the trend of rising prices as ...

DAX 30 Forecast: Soaring to New Highs, Eyeing 15,500 Key Talking Points: Concerns over blood clots after AZ vaccine is turning sentiment Despite the Easter holiday, the DAX 30 hasn’t taken a breather since last Tuesday and has seen new all-time highs every day since the month of April started, now just shy of the 15,500 level. The German index has been on a strong bullish trend since it tore through strong resistance at 14,141 at the beginning of March. Despite increasing worries about the e...

IBEX 35, CAC 40 Forecast: Treading on Water as Europe Struggles to Contain the Virus Key Talking Points: Rising bond yields and Covid-19 third-wave fears cause investors to be cautious IBEX 35 and CAC 40 stay trapped below recent highs The general trend in European equities remains pretty much unchanged to finish this shortened week as most major indices are just shy off recent highs but are struggling to push any higher. The recent outbreak of the third-wave of the Covid-19 pandemic has made i...

IBEX 35, FTSE MIB Forecasts: European Indices Struggle to Overcome Short-Term Resistance Key Talking Points: IBEX 35 and FTSE MIB struggling to gather bullish momentum Expect a pretty dull session in Europe this morning as most attention will be focused in this evening’s FOMC rate decision. Despite no expectations of a change in current monetary policy, investors will be paying close attention to Powell’s address towards the bond market and increasing inflation expectations. Traders will al...

DAX 30 Forecast: Fed Meeting in Focus as Indecision Pushes for Consolidation Key Talking Points: DAX 30 consolidates between 14,600 and 14,400 And once again the DAX 30 finds itself struggling to break above a key resistance but unable to capture enough sellers to bring the price significantly lower. This pattern has happened a few times before, and most recently the German index was struggling to break above 14,140, something it managed quite impressively after two months of continuous attempt...

Fresh stimulus checks hit the US economy giving equities another boost

DAX 30 Forecast: Indecision Creeps in as ECB Promises Disappoint Key Talking Points: The ECB meeting failed to offer much of note for investors expecting further action to control borrowing costs DAX 30 shows indecision as bears take control at the 14,600 resistance The DAX 30 is showing indecision on the daily chart after yesterday’s uneventful ECB meeting. Thursday’s candlestick on the German index chart is showing how bullish investors were disappointed at the lack of commitment from the...

XAU/USD: Gold Bulls Take Advantage of Falling Yields Ahead of Unemployment Data and Biden Speech Key Talking Points: President Biden to address the nation on Covid-19 anniversary as stimulus package is approved Gold prices have been hard to comprehend in recent days, especially when inflation data in the US was in line with expectations, easing back fears of investors who were expecting a larger jump in prices and softening the recent spike in yields. One would expect gold to be slightly weaker...

Spanish stocks continue to outperform as improving growth forecasts give investors hope