Technical Analysis

Indices move higher with German Dax up 1.7% The major European indices are ending the day higher. It is a good day for investors. The provisional closes are showing: German DAX, +1.7% France’s CAC, +1.3% Britain’s FTSE, +0.8% Spain’s Ibex, +0.6% Italy’s FTSE MIB, +1.3% The benchmark 10 year yields are trading mostly lower, with
The USDJPY has support at 109.44-46 and is using the 100 hour MA as resistance.  In a post I wrote at the start of the day, I penned: Clearly, traders are picking spots to lean and keeping options open. The overall trend/bias is still tilted more to the downside (being below the 100 hour MA
Lots of action ahead The US stocks are opening in the red after Pres. Trump increased tarrifs on $200B of China imports from 10% in an attempt to squeeze the country into concessions on their unfair trade policies.  Meetings will be taking place today and there is lots of headline risk from both the US